diff --git a/spec/xdai_reserve.md b/spec/xdai_reserve.md index def5fe1..8477deb 100644 --- a/spec/xdai_reserve.md +++ b/spec/xdai_reserve.md @@ -1,28 +1,24 @@ # Title -* Authors: Firstname Lastname (url) -* Date: YYYY.MM.DD +* Authors: William RUddickFirstname Lastname +* Date: 2020.04.22 * Version: 1 * Status: Pre-draft ## Rationale - + ## Before - +Currently we are using a virtual reserve a generic ERC20 token. We have 2 Million of those tokens as research against 8 MIllion Sarafu issued (the current Kenyan CIC) ## After - +We have 40,000 xDAI to put as teh reserve and are looking at minting 16Million tokens +with a connector weight (target Reserve Ratio) of 0.25 (25%) and an inital price of roughly 0.01 Sarafu to a xDAI (USD stable) ## Implementation