commit 12d3cd4f4440ff7c0332e6c91d48a81e70bfa31b parent 6ca3dd2428bca499449cc334c06e3a6607da85f2 Author: Will Ruddick <willruddick@gmail.com> Date: Thu, 4 Feb 2021 13:02:31 +0000 updates Diffstat:
| M | README.md | | | 5 | ++--- |
1 file changed, 2 insertions(+), 3 deletions(-)
diff --git a/README.md b/README.md @@ -18,8 +18,7 @@ * Inflated Balance: The inflated balance of each user is stored for bookkeeping. * Number of Decimals: Resolution on token (TODO) (Default 6) * Minimum Activity Volume: (TODO) the minimum transaction amount to be considered active (Default 0) - * Minimum Activity Txns: (TODO) the minimum number of transaction to be considered active (Default 1) - * Sink Token Address: If no one trades the tax goes to this address + * Sink Token Address: Rounding errors and if no one trades the tax goes to this address ## Ownership @@ -37,7 +36,7 @@ ## Demurrage -* Holding Tax (`demurrage`) is applied when a **mint** or **transfer** is triggered for first time/block in a new `period`; +* Holding Tax (`demurrage`) is applied when a **mint** or **transfer** is triggered for first time/block in a new `period`; (it can also be triggered explicitly) - Supply _stays the same_. - Updates `demurrageModifier` which represents the accumulated tax value and is an exponential decay step (of size `demurrage`) for each `period` - `demurrageModifier = (1-demurrage)^period`