From 17ea25747d62227a0a4cd43c5bc41dd1bfc9affb Mon Sep 17 00:00:00 2001 From: WillRuddick Date: Thu, 23 Apr 2020 09:03:17 +0300 Subject: [PATCH] Update platform_incentives.md --- spec/platform_incentives.md | 3 ++- 1 file changed, 2 insertions(+), 1 deletion(-) diff --git a/spec/platform_incentives.md b/spec/platform_incentives.md index a99d0e9..d6f41e8 100644 --- a/spec/platform_incentives.md +++ b/spec/platform_incentives.md @@ -14,7 +14,8 @@ The current system seeks to maximize circulation in order to fill market gaps an ## Before Currently: 1. Grassroots Economics started with a pool of 8 Million Sarafu tokens (which they value 1:1 with Kenyan Shillings ala buy backs). Of which 90% will have been distributed to users as below by the end of April 2020. -1. New users get 400 Sarafu (a CIC) +1. New users get 50 Sarafu (a CIC) +1. New users that fill out their profiles (name, business, location, gender) get additional 350 Sarafu (a CIC) (must call office line) 1. Users that refer other users get 100 Sarafu - after that new user has begun to trade 1. Savings Groups (aka Chamas are groups of users that save and give loans to eachother) get 10,000 Sarafu divided between their members after 2 months of trading. 1. Savings Groups can redeem 40% of their Sarafu Balance for Kenyan Shillings each month but must have spent (given loans) of at least as much as they want to cash out.