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updated maths for float accounts

This commit is contained in:
Will Ruddick 2020-06-30 05:59:31 +00:00
parent 6a537899a8
commit a8df7ca4f7
1 changed files with 5 additions and 8 deletions
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13
spec/007_eMoney_integration.md
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@ -1,15 +1,12 @@
## Incoming Sarafu ##
When users exchange CICfor National Currency we have to manually send them Mpesa.
When users exchange CIC <> National Currency we have to manually send them Mpesa or CIC.
We would like to automate this.
## Outgoing Sarafu ##
When anyone sends us Mpesa on our paybill we have to manuall send them Sarafu
## Solution ##
Configure - using our own system AfricasTalking API to automatically send Sarafu / Mpesa based on rules:
### Incoming Sarafu Rules ###
- *white list* The chama (group accounts only) must only be able to cash out - using the exchange option to an Agent account
### Incoming Sarafu Rules - MPESA out###
- *white list* The chama (group accounts only but eventually anyone) must only be able to cash out - using the exchange option to an Agent account
- *amount* The max cash out is the minimum of (30,000 Sarafu, half their balance, their total amount of outward trade volume to other users (standard transactions)
- *time* They can only cash out once per month
- *rate* The Sarafu (and their community) to Mpesa rate should be calculated as follows:
@ -22,12 +19,12 @@ The Reserve (xDAI) pulled out
> const reserveOut_xDAI = total_reserve_b * (Math.pow(1 + (-1 * CIC_burn) / CIC_supply_b, 1 / trr) - 1);
- Mpesa_out = reserveOut_xDAI **USD => KSH** rate
- reserve_given = reserve_out - CIC_created*fee (0.02)
- reserve_given = reserve_out - CIC_created*fee (0.02) (this is given to the user)
- Simulate as if done on blockchain .... new_cic_supply_b = cic_supply_b - CIC_burn
- Simulate as if done on blockchain .... new_total_reserve_b = total_reserve_b - reserveOut_xDAI
### Outgoing Sarafu Rules ###
### Outgoing Sarafu Rules - MPESA In###
- *white list* Only users sending via paybill receive Sarafu. Non users receive a invitation to join Sarafu sms (alert to admins there was a donation).
- *amount* The max sarafu out is 20,000 Sarafu per user, KYC_limit max, supply_max
- *time* No limit