Update platform_incentives.md

This commit is contained in:
WillRuddick 2020-04-23 08:59:35 +03:00 committed by GitHub
parent 669857fff8
commit a06ce4167a
No known key found for this signature in database
GPG Key ID: 4AEE18F83AFDEB23

View File

@ -29,11 +29,12 @@ After the migration to xDAI (https://github.com/GrassrootsEconomics/CIC-Docs/blo
anyone (with access to blockchain) in the world can contribute reserve in the form of xDAI. xDAI is a stable token to the US dollar and can be purchased with USD.
With a reserve in xDAI each Sarafu token will now have spot price or excahnge price to xDAI given by P = R/(S*TRR)
Where R = the amount of xDAI in reserve, S= the total supply of Sarafu, and TRR = Target Reserve Ratio = that ratio of R/S such that the echange price is 1:1.
1. Grassroots Economics will continue to buy the vouchers off on a regular basis 1:1 from Savings groups.
1. Grassroots Economics will continue with all the above incentives and to buy the vouchers off on a regular basis 1:1 from Savings groups.
1. Any funds going into the reserve will increase the price and mint additional Sarafu following a bonding curve.
1. Grassroots Economics will destroy Sarafu to pull out excess reserve and convert that xDAI to Kenyan shillings to continue.
1. Anyone with a webApp or MetaMask can add xDAI and mint more Sarafu (+) increase the value of all Sarafu
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 through buy backs to pull out excess reserve and convert that xDAI to Kenyan shillings to continue with Savigns Group buy backs.
## Implementation