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Update platform_incentives.md

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@ -14,15 +14,14 @@ The current system seeks to maximize circulation in order to fill market gaps an
## Before ## Before
Currently: 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. 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 50 Sarafu (a CIC) 1. New users get 50 Sarafu (a CIC) (Shown as Disbursement in database)
1. New users that fill out their profiles (name, business, location, gender) get additional 350 Sarafu (a CIC) (must call office line) 1. New users that fill out their profiles (name, business, location, gender) get additional 350 Sarafu (a CIC) (must call office line) (Shown as Disbursement in database)
1. Users that refer other users get 100 Sarafu - after that new user has begun to trade 1. Users that refer other users get 100 Sarafu - after that new user has begun to trade (Shown as Disbursement in database)
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 (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.(Shown as Disbursement in database)
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. 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. (Shown as Agent_out in database) Cashing out is done using donor funds by Grassroots Economics Foundation and Sarafu is valued 1:1 with Kenyan shilligns using eMoney (Mpesa).
1. Cashing out is done using donor funds by Grassroots Economics Foundation and Sarafu is valued 1:1 with Kenyan shilligns using eMoney (Mpesa). 1. Users get a daily or weekly Sarafu bonues depending on how they trade. They are ranked by degree of uniquie outward trade above 20 Sarafu centrality and awarded based on their percentage of overall centrality. (Possibly moving to k-cycle centrality).(Shown as Disbursement in database)
1. Users get a daily or weekly Sarafu bonues depending on how they trade. They are ranked by degree of uniquie outward trade above 20 Sarafu centrality and awarded based on their percentage of overall centrality. (Possibly moving to k-cycle centrality). 1. Holding Fee: If an account if dormant (no trades in or out) for 7 days 20 Sarafu are deducted and added back to the pool. (Shown as Reclaimation in database)
1. Holding Fee: If an account if dormant (no trades in or out) for 7 days 20 Sarafu are deducted and added back to the pool 1. Anyone with Mpesa or Bonga points can send them to Grassroots Eocnomics to receive additional Sarafu (Shown as Disbursement in database)
1. Anyone with Mpesa or Bonga points can send them to Grassroots Eocnomics to receive additional Sarafu
1. Donors can give Grassroots Economics funds to support the Sarafu buy-back and operations 1. Donors can give Grassroots Economics funds to support the Sarafu buy-back and operations
## After ## After