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spec/xdai_reserve.md
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# Title # Title
<!-- <!--
valid status values are: Pre-draft|Draft|Proposal|Accepted valid status values are: Pre-draft
--> -->
* Authors: Firstname Lastname <email> (url) * Authors: William RUddickFirstname Lastname <will@grassecon.org>
* Date: YYYY.MM.DD * Date: 2020.04.22
* Version: 1 * Version: 1
* Status: Pre-draft * Status: Pre-draft
## Rationale ## Rationale
<!--
We want to give donors a way to contribute to Community Inclusion Currencies as well as anyone with National Currency. We want to give donors a way to contribute to Community Inclusion Currencies as well as anyone with National Currency.
By connecting to a reserve that is stable to the US dollar we bring some stability and the ability for many to support local communities. By connecting to a reserve that is stable to the US dollar we bring some stability and the ability for many to support local communities.
-->
## Before ## 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)
What is the current state of the described topic?
-->
## After ## After
<!-- We have 40,000 xDAI to put as teh reserve and are looking at minting 16Million tokens
How will things be different after this has been done? 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 ## Implementation
<!-- <!--