From 82510bfe19f739f1db48077f302d568102c88ef9 Mon Sep 17 00:00:00 2001 From: WillRuddick Date: Thu, 23 Apr 2020 21:06:01 +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 a60ea31..0651107 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 *. 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 is done on blockchain and added to the reserve. +1. A % fee on conversion between reserve and supply in both directions is done on blockchain and added to the reserve. ## Implementation