commit 568ac9da1f8e24548c9cb6624fbd6b585b6a3457 parent 4d60ecdf5283debb48c1e38ef1e3fabb5c8c1675 Author: Will Ruddick <willruddick@gmail.com> Date: Thu, 4 Feb 2021 14:02:12 +0000 typos Diffstat:
| M | README.md | | | 9 | +++++---- |
1 file changed, 5 insertions(+), 4 deletions(-)
diff --git a/README.md b/README.md @@ -7,14 +7,15 @@ * A monthly Sarafu holding tax (demurrage) of 2% is deducted from users * Each month (after a number of blocks) the total amount tax is distributed evenly out to _active_ users. * any single transaction by a user is considered _active_ (heartbeat) (possibly add minimum size of heartbeat in constructor (TODO)) - * This is meant to result in a disincentivization to hold (hodl) the Sarafu token and increase its usage as a medium of excahnge rather than a store of value. + * This is meant to result in a disincentivization to hold (hodl) the Sarafu token and increase its usage as a medium of exchange rather than a store of value. + * This token can be added to liquidity pools with other ERC20 tokens and or Community Inclusion Currencies (CICs) - and thereby act as a central network token and connect various tokens and CICs together. ## Variables * Inputs to Constructor (Set only once during contract deployment can't be changed ) - * `Demmurage` aka Decay amount: A percentage of token supply that will be charged once per - aka `period` and evenly redistributed to _active_ users - * Demmurage Period (blocks)- aka `period`: The number of blocks (equivalent to a time frame) over which a new Holding Fee is applied and redistributed. + * `Demurrage` aka Decay amount: A percentage of token supply that will be charged once per - aka `period` and evenly redistributed to _active_ users + * Demurrage Period (blocks)- aka `period`: The number of blocks (equivalent to a time frame) over which a new Holding Fee is applied and redistributed. * 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 @@ -73,7 +74,7 @@ - bits 000-055: period - bits 056-215: supply - bits 216-253: participant count - - bits 254: Set if invidiual redistribution amounts are fractions (TODO) + - bits 254: Set if individual redistribution amounts are fractions (TODO) - bits 255: Set if "dust" has been transferred to sink (TODO)