Update platform_incentives.md
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@ -14,7 +14,8 @@ The current system seeks to maximize circulation in order to fill market gaps an
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## Before
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## Before
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Currently:
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Currently:
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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.
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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.
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1. New users get 400 Sarafu (a CIC)
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1. New users get 50 Sarafu (a CIC)
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1. New users that fill out their profiles (name, business, location, gender) get additional 350 Sarafu (a CIC) (must call office line)
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1. Users that refer other users get 100 Sarafu - after that new user has begun to trade
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1. Users that refer other users get 100 Sarafu - after that new user has begun to trade
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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.
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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.
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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.
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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.
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