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Update 006_Self_Service_Token.md

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Will Ruddick 2020-05-18 11:33:36 +00:00
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spec/006_Self_Service_Token.md
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@ -19,11 +19,11 @@ We want users to be able to create their tokens to create more ownership and dif
## Token creation process - UI
(I will describe this for USSD be a web interface should also be made)
1. Existing User calls Sarafu
* New user dials *483*46# where she selects
* My Account -> Create Token
Note that this ability is whitelisted- to be whitelisted the user must have:
1. Been in the system as an active user for some time (at least 1 month)
1. Have a substantial balance (his CIC converted to reserve) to reach at least 25% reserve. Minimum 100 USD in value DAI. Which will staked into the converter and leveraged into $400 of CIC tokens (the value changes as reserve is removed).
- New user dials *483*46# where she selects
- My Account -> Create Token
- Note that this ability is whitelisted- to be whitelisted the user must have:
1. Been in the system as an active user for some time (at least 1 month)
1. Have a substantial balance (his CIC converted to reserve) to reach at least 25% reserve. Minimum 100 USD in value DAI. Which will staked into the converter and leveraged into $400 of CIC tokens (the value changes as reserve is removed).
2. Default Token Options
*. Based on the users location the system has preset defaults:
1. 25% Target Reserve Ratio (1:1 with reserve)