3. Token short name no more than 6 Character - must be unique
2. Reserve amount - amount of tokens they want to put in reserve (minimum upon conversion 100k xDAI)
3. Number of chama members (NCM) (before we enable conversion of the new tokens there must be at least this many token members with a positive token balance)
4. Token Backing Statement: 256 Character limit - What is the off-chain guarentee behind these tokens
5. Defaults:
1. 25% Target Reserve Ratio (1:1 with reserve)
1. Minimum initial reserve is $100 USD = 100 xDAI in value (of some inital token such as Sarafu)
5. These should all be added to the Token table information
1. Mint the standard amount of tokens. (4x the reserve = 40,000)
1. Convert the existing user's tokens into xDAI and put them into the converter as reserve. (min 10,000) (any remaining tokens in their account will also converted to TOKEN_NAME)
1. The new token should have a value of 1:1 with xDAI and be at 25% reserve (Target Reserve Ratio)
1. Put the TOKEN_NAME tokens into the Users wallet (Group wallet)
1. Token Name (limited to 9 characters (auto converted to lowercase no special letters) (TOKEN_NAME)
2. Reserve amount (the minimum is 10,000 Kenyan Shillings in value- higher amount means a higher price of the final tokens) - Max is the user’s current balance. Note that this10,000 Kenyan Shillings can be in the form of other tokens and converted to Sarafu.
4. How many people are in this chama that will recieve (Token_Name) - Minimum 10 - Note your account will be locked until you've sent out all all your tokens to this many users.
Note that the receipt messages for token transfers that include a conversion should also show the tokens exchange value (this was on the old USSD system)
5. Auto-Conversion should by default change all tokens in a user's wallet into their community token.
* Note that a user with Sarafu in their wallet will shift their community token to whomever they trade with that is not in Sarafu. (Sarafu is just a temorary token)