49 lines
1.3 KiB
Markdown
49 lines
1.3 KiB
Markdown
# Title
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valid status values are: Pre-draft
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* Authors: William RUddickFirstname Lastname <will@grassecon.org>
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* Date: 2020.04.22
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* Version: 1
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* Status: Pre-draft
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## Rationale
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We want to give donors a way to contribute to Community Inclusion Currencies as well as anyone with National Currency.
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By connecting to a reserve that is stable to the US dollar we bring some stability and the ability for many to support local communities.
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## Before
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Currently we are using a virtual reserve a generic ERC20 token. We have 2 Million of those tokens as research against 8 MIllion Sarafu issued (the current Kenyan CIC)
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## After
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We have 40,000 xDAI to put as teh reserve and are looking at minting 16Million tokens
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with a connector weight (target Reserve Ratio) of 0.25 (25%) and an inital price of roughly 0.01 Sarafu to a xDAI (USD stable)
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## Implementation
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Here is the description of how these changes should be implemented.
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### Workflow
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### Variables
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### Interface
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## Testing
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Please describe what test vectors that are required for this implementation
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## Changelog
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Please remember to describe every change to this document in the changelog using
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serial number:
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* version 1:
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