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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

The SAMARA token lies at the heart of what we are building together. It encapsulates our work, our values, and our assets and rewarding people with this special token means we are entrusting them with a piece of Samara, not unlike a piece of ownership in a traditional organization.  The breakdown for the SAMARA token is as follows:

  • 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 Samara's Compensation Model)

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 policy vote.

SVOICE Token 

The voice token is critical for the governance of Samara. Without a voice, you would have nothing to say :) Voice tokens must be earned over time and cannot be transferred or exchanged with other members. In the DHO, these tokens also "decay" over time, meaning every member will loose voice token over a special schedule and decay rate that is set up for the DHO. In other words, if you stop participating and contributing to Samara, you will eventually loose all of you voice tokens and can no longer vote on any decisions. The breakdown for the SVOICE token is as follows:

  • 1$ contribution = 1 SVOICE (Samara Voice Token)
  • For each 1$ contribution, Samara contributors get 1 SVOICE. 

Contributions from investors do not get SVOICE.

Membership Badge Voice Rewards

Voice tokens are linked to membership badges; once you earn a membership badge, all of your current active assignments, contributions and quests will be multiplied with a factor (outlined below) until you no longer hold the badge. There is only one active membership badge. 

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.  

Exact multiplier formulas are subject to change through DHO vote. 

HUSD Token

The HUSD token is a bridge between the fiat currency and the crypto currency, representing a 1-to-1 value in USD that can be redeemed for US Dollar equivalent. The "H" comes from the originator of this type of token, which is Hypha (there is no ownership associated with this naming convention). 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 Token

SEEDS is the foundation for a new regenerative currency enabling a new kind of economy that is no longer based on extractive practices of the current financial system. There is plenty of information available on the Seeds website, such as Rieki's introductory video on Growing a Cooperative Financial System. The breakdown for the SEEDS token is as follows:

  • 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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