erc20-demurrage-token

ERC20 token with redistributed continual demurrage
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usecase.texi (1181B)

      1 @node usecase
      2 @chapter Use Case
      3 
      4 The use-case inspiring this implementation is in the context of issuance of a @emph{voucher} representing a credit obligation of an @emph{Issuer} or @emph{Association of Issuers}.
      5 
      6 This voucher can be redeemed as payment for the products of the Issuer.
      7 
      8 The Issuer is the entity legally obligated to redeem the voucher as payment.
      9 
     10 Introducing demurrage on this vehicle discourages @emph{withholding} the voucher, for example for speculative advantage.
     11 
     12 This also encourages increased @emph{velocity} of voucher use.
     13 
     14 
     15 @section Example
     16 
     17 Given:
     18 
     19 @itemize
     20 @item 10 voucher holders.
     21 @item A total supply of 1000 tokens.
     22 @item Demurrage of 2% per 30 days (43200 minutes).
     23 @item Redistribution period of 30 days (43200 minutes).
     24 @end itemize
     25 
     26 If no trades are made, the resulting balances after one redistribution period of every user would be 98 Vouchers.
     27 
     28 The Sink Address will have a balance of 20 vouchers after the same period.
     29 
     30 Note that after the redistribution the total of all balances will equal the total minted amount. 
     31 
     32 Note that all accounts holding such vouchers are effected by demurrage (even the Sink Account, pending redistribution).