mirror of
git://holbrook.no/erc20-demurrage-token
synced 2024-12-22 03:57:31 +01:00
48 lines
1.6 KiB
Plaintext
48 lines
1.6 KiB
Plaintext
@node overview
|
|
@chapter Overview
|
|
|
|
@verbatim
|
|
de-mur-rage
|
|
|
|
1: the detention of a ship by the freighter beyond the time allowed for loading, unloading, or sailing
|
|
|
|
2: a charge for detaining a ship, freight car, or truck
|
|
@end verbatim
|
|
|
|
This ERC20 smart contract implementation for the EVM imposes a demurrage on all held token balances.
|
|
|
|
The demurrage is a continuous value @emph{decay}, subtracted from all balances every minute.
|
|
|
|
Also. a time period is defined at contract creation time at which the difference between held balances and the demurrage can be withdrawn to a pre-selected address, which in turn can redistribute that token value.
|
|
|
|
In short: Everyone is taxed a little something every minute, and every so often a decision is made on how to redistribute that tax.
|
|
|
|
|
|
@section Features
|
|
|
|
@itemize
|
|
@item Continuous decay of all balances.
|
|
@item Capture and redistribution of decayed balances.
|
|
@item Per-minute decay resolution.
|
|
@item Minting and burning of vouchers.
|
|
@item Grant and revoke access to mint and burn vouchers.
|
|
@item Voucher expiration (modifiable anytime after publishing).
|
|
@item Supply cap (modifiable anytime after publishing).
|
|
@item Constant gas usage across exponential calculations.
|
|
@end itemize
|
|
|
|
@section Nomenclature
|
|
|
|
@table @samp
|
|
@item Demurrage
|
|
A percentage of token supply that will continuously be removed.
|
|
@item Demurrage Period
|
|
A period of time denominated in minutes after which demurraged amounts are available for redistribution.
|
|
@item Sink Account
|
|
The intermediate beneficiary of the demurraged amount, which may or may not redistribute value.
|
|
@item Base balance
|
|
The inflated balance of each used which is stored for bookkeeping.
|
|
@end table
|
|
|
|
|