Update README.md
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README.md
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README.md
@ -22,7 +22,7 @@ Community Inclusion Currency (CIC) technology seeks to give organizations and co
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* Bridge - in order to move between the xDAI side chain (Layer 2) and the Ethereum main net we need a bridge (hard spoon).
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* Currently: We connect to the Ethereum Main net using the xDAI to DAI bridge.
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* Goal: To have options to bridge to a variety of potential reserves
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* Bonding Curves - Enable us to add collateral (aka Reserves to CICs) as well as connect CICs to eachother in a safe way.
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* Bonding Curves - Enable us to add collateral (aka Reserves to CICs) as well as connect CICs to each other in a safe way.
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* Currently: Bancor Protocol v1 - [Blockchain Smart Contract](https://github.com/bancorprotocol/contracts)
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* Goal: Researching Bancor Protocol v2 and other options
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* Contract Deployment (Currency Creation service)
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@ -52,7 +52,7 @@ Community Inclusion Currency (CIC) technology seeks to give organizations and co
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* Goal: A web based interface for organizations and communities to share projects, event offers and wants using CICs
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* CIC Management Platform
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* Currently: System admins (GE staff) are able to assist users to reset pins, reverse transactions, create new users. The system is build on React and Flask in Python and uses postgres for data stroage.
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* Goal: Stabilization of the platform and synchronization, and mogration to a webBased wallet system with cloud storage.
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* Goal: Stabilization of the platform and synchronization to blockchain, and eventual migration to a webBased wallet system with cloud storage with minimal need.
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* Wallet:
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* Currently: Users connect via USSD through AfricasTalking to connect with their wallet on the CIC Mgmt Platform, private keys are held by Grassroots Economics for these phones
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* Goal:
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@ -70,7 +70,7 @@ Community Inclusion Currency (CIC) technology seeks to give organizations and co
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* Ability to add National currency (Mpesa) – in order to create/buy more CIC
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* Ability to liquidate a CIC for National Currency (Mpesa)
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* Fiat On-ramp / off-ramp - In order to enable users and donors to interact with CICs we need a way to move fiat on and off the blockchain
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* Currently: the float account is in no way linked to blockchain and handeled manually (bank transfers)
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* Currently: the float account is in no way linked to blockchain and handled manually (bank transfers)
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* We currently move Fiat (USD/EUR) on an off the blockchains we use via exchanges such as BitCoinSwiss and local cryptos connected to Banks as well as eMoney
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* You can send Mpesa (eMoney) to our lipa na Mpesa account – GE sees that and sends back tokens
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* You can also send tokens to GE and GE sends back Mpesa from the float account (this currently very restricted)
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@ -86,9 +86,12 @@ Community Inclusion Currency (CIC) technology seeks to give organizations and co
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* ID System -
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* Currently: Each user has a sim card and the Telecom provides KYC services - users are asked a pin number to access the account on USSD
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* Goal: Creating a more robust ID system for users with and without sim cards. Possibly adding brightID social ID - like technologies with confidence scoring or 3rd party biometrics
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* Non custodial data ownership on cloud where users can specify what data tehy want to make avalible
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* Rewards and Incentives - [see specifications](./spec/001_platform_incentives.md)
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* Currently: These incentive systems are a mixture of manual and CIC Mgmt Platform base, such as initial user air drop, referral bonuses and holding fees.
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* Currently: We are using a CIC by the name of Sarafu that is backed by Grassroots Economics' (donor funds). Users get a Sarafu for free and groups will be able to create their own CICs by pulling the xDAI out of Sarafu
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* Goal: Any org developing a CIC can easily establish various rules and policies
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* Training Materials:
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* Currently: We are developing curriculum, games and materials for training communities and CIC issuers
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* Currently: We are developing curriculum, games and materials for training communities and CIC issuers
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