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Update 001_platform_incentives.md

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Will Ruddick 2020-05-17 05:15:45 +00:00
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spec/001_platform_incentives.md
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@ -28,7 +28,7 @@ The following are all rules are platform based (not blockchain contract based).
1. **minting/creating**: Currently the Sarafu supply is bonded to a virtual reserve token with no market value so there are no restrictions on the supply of Sarafu 1. **minting/creating**: Currently the Sarafu supply is bonded to a virtual reserve token with no market value so there are no restrictions on the supply of Sarafu
## After - bonding to a reserve is market value. ## After - bonding to a reserve is market value.
After the migration to xDAI as reserve (https://github.com/GrassrootsEconomics/CIC-Docs/blob/master/spec/xdai_migration.md) After the migration to xDAI as reserve - see [migration spec](https://gitlab.com/grassrootseconomics/cic-docs/-/blob/master/spec/002_xdai_migration.md).
anyone (with access to blockchain) in the world can contribute reserve in the form of xDAI. xDAI is a stable token to the US dollar and can be purchased with USD. anyone (with access to blockchain) in the world can contribute reserve in the form of xDAI. xDAI is a stable token to the US dollar and can be purchased with USD.
With a reserve in xDAI each Sarafu token will now have spot price or excahnge price to xDAI given by P = R/(S*TRR) With a reserve in xDAI each Sarafu token will now have spot price or excahnge price to xDAI given by P = R/(S*TRR)
Where R = the amount of xDAI in reserve, S= the total supply of Sarafu, and TRR = Target Reserve Ratio = that ratio of R/S such that the echange price is 1:1. Where R = the amount of xDAI in reserve, S= the total supply of Sarafu, and TRR = Target Reserve Ratio = that ratio of R/S such that the echange price is 1:1.