Elements of Governance (EoG)
Variables of scarcity dapp.
Last updated
Variables of scarcity dapp.
Last updated
Mf ➝
Ppy ➝
Ed ➝
Sf ➝
PL-Unit ➝
Dev's Incent ➝
Minting Formulae (MF) is the scarcity formulae that collateralize a VsT (Verified Scarcity Token) via the burn and lock function to mint STAV coin based on stated Ppy and Sf (Scarcity factor).
PL-Unit ➝ Proof of Lock (PL) is not a token. It is a governance function that indicates evidence for the creation of scarcity. It's given to the users who execute the smart-contract as against the unique native currency (STAAVA) with defined privileges.
PL-Unit is the Proof of Lock (PL) function, scripted to BURN 25% of the VsT and scripted to LOCK 75% of VsT (e.g. FAAM) against its ENTRY balance, while minting STAV upon the scripted dapp invocation of the scarcity smart contract. PL-Unit cannot be traded, transferred, But can be burnt only on dApp conditions...
The amount of PL-Unit deposited represents the user's 75% committal of the peg currency via dApp invocation. Until PL-Unit is burnt, the committal asset can not be withdraw out of dApp contract.
i.e. Sf = Ed + 1/2Ed Note: Locked VsT are claimable during UNLOCKING period. Check the