Created time
Jul 1, 2024 1:18 PM
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Jonas BouryDownvote by
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Jonas Bourysubmitted by email
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Summary
I would like to propose to set up the token dedicated to reward Citizen Wallet contributions. The token would be used to distribute contribution rewards every month.
Contributors can than choose to exchange these tokens into fiat once a month taking into account the financial situation of Citizen Wallet
Tokenomics
CWD:
- a debt token for citizen wallet contributions
- Can be exchanged for euros based on monthly liquidity pool
- by default the target is to set exchange rate of 1
- if number of claims on liquidity pool is higher than available liquidity the exchange rate might decrease)
- monthly interest payment for token holders that are staking
Inspirations:
- https://slicingpie.com/ → Fair rewards system for launching sgtartups
Rewards table
Process
- Every month we have a happy money session
- monthly allocation of tokens to all contributors of that month
- Decision what amount of euros can be made available to “repurchase” and burn tokens from token holders.
- So token holders can decide to keep tokens and receive interest or make claim in the liquidity pool to exchange for euros
- For fiat claims an invoice need to be send to citizen Wallet vzw according to tax rules.