From 5a58eee9dadbfa3c16df9591a326e156f576a077 Mon Sep 17 00:00:00 2001 From: WillRuddick Date: Thu, 23 Apr 2020 12:03:47 +0300 Subject: [PATCH] Update platform_incentives.md --- spec/platform_incentives.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/spec/platform_incentives.md b/spec/platform_incentives.md index 7b5cb14..e8a2ed6 100644 --- a/spec/platform_incentives.md +++ b/spec/platform_incentives.md @@ -35,7 +35,7 @@ Where R = the amount of xDAI in reserve, S= the total supply of Sarafu, and TRR 1. Anyone with a webApp or MetaMask can add send Sarafu to the converter contract to destry it and withdraw reserve (-) decreasing the value of all Sarafu 1. As the reserve of Sarafu is depleted and the exchange price drops Grassroots Economics as well as other donors will add more reserve and mint more tokens to distribute. 1. Grassroots Economics will destroy Sarafu it collects to pull out excess reserve and convert that xDAI to Kenyan shillings to continue with Savings Group buy backs. -1. A 2% fee on conversion between reserve and supply in both directions +1. A 2% fee on conversion between reserve and supply in both directions is done on blockchain and added to the reserve. ## Implementation