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Samara's Tokens

Tyler: Did a very quick scan - seems there's some redundant content. A table could help make redundancy less tiring/confusing if there's a desire to emphasize certain methodologies/mechanisms. 

Irina -  I see the redundant content. Moved the compensation section from here to the Compensation page, keep only the list of tokens.

Joachim - great, let me do another pass through and clean up.

Introduction

Samara tokens are a type of cryptocurrency that represent an asset or specific use and reside on the Telos blockchain. Tokens are designed to work as a medium of exchange wherein individual token ownership records are stored in a ledger. Samara is utilizing four types of tokens:

  1. Samara Token (SAMARA)- representing the value we are creating and holding together (similar but different to equity)
  2. Samara Voice (SVOICE) - representing the voting power of individuals, this is a non-transferrable token the is decaying over time (based on a decay schedule)
  3. Fiat Bridge Token (HUSD) - representing a 1-to-1 value in USD and can be redeemed for US Dollar equivalent for expenses, etc.
  4. Seeds Token (SEEDS) - our global utility currency to span circular economies, brought to life in the Seeds movement

SAMARA TOKEN 

1$ contribution or 1$ investment = 1 SAMARA (Samara Token)

For each 1$ quest or role contribution to Samara, or for each 1$ investment in Samara contributors/investors get 1 SAMARA. 

Samara contributors also have the option to choose other tokens as compensation, depending on the tokens Samara has available at a specific time (see Compensation page)

Multipliers for Samara Token

In the early stages of Samara, each contributor/investors tokens issued are multiplied by a factor to reward them for taking on the risk and believing in Samara as pioneers. The value for the multiplier changes when the risk reduces after important milestones are reached. This will happen after important milestones are reached like securing additional funding. 

Current proposed multipliers are:

  • “2” multiplier for December 2020 - February 2021 (before the quest to Hypha threshold);
  • “1.8” multiplier for March onward (lower risk from going into the Hypha quest) 
  • Further multipliers  TBC.

Exact multipliers are subject to change through DHO vote.

SAMARA VOICE TOKEN 

(Voice section is now out of date (4/14) given changes to membership page - will edit, pending confirmation from Membership KR team) - Tyler 

Irina's proposal -  We could  bring the section on voice multipliers from the Membership to here, have it in only one place, where we have the tokens information.

1$ contribution = 1 SVOICE (Samara Voice Token)

For each 1$ contribution, Samara contributors get 1 SVOICE. 

Contributions from investors do not get SVOICE.

SVOICE does not get a multiplier ??? Irina: Voice rewards for Badges act like multipliers.

SVOICE is not transferable.

Membership Badge Voice Rewards

When Membership badges are earned, a SVOICE Bonus is awarded as follows:

Level Criterium
Apprentice You will receive an additional 5% on SVOICE for any earnings from activities.  
Fellowship You will receive an additional 10% on SVOICE for any earnings from activities.  
Council  You will receive an additional 20% on SVOICE for any earnings from activities.  
Alumni You will receive any additional 10% on SVOICE for any earnings from future activities, if you decide to join Samara again.  

 Irina - the table doesn't make it clear if the additional % is an one time bonus (applied to past activities) when getting the badge, or if acts like a multiplier for the period when the person holds that badge, also terminology, is it bonus or reward?

Exact bonus formulas are subject to change through DHO vote. 

HUSD (Hypha TOKEN)

HUSD is currently used by Samara to compensate members of Samara for their fiat needs (HUSD can be redeemed on Hypha DHO for BTC/EOS/ETH etc.)

Seeds

Samara currently has a small amount of Seeds from angel investors. 

The Samara blockchain account name is ‘samaradhoooo’.
At this stage, the ‘samaradhoooo’ account will make the payments of all non-voice tokens to Samara members. Voice tokens will be managed in the DHO account when this becomes available.

Going further

Going further Samara will evolve the token allocation, introduce new tokens, move onto the DHO platform, and do less manual work to manage token allocation.

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