Democracy Earth - Token Economics: Proof of Stake Democracy


Publication/Creation Date
July 16 2018
Creators/Contributors
Democracy Earth (creator)
Media Type
Corporate Paper
Persuasive Intent
Advertisement
Description
Abstract:

The Democracy Earth token is an ERC20 token ($VOTE) [1] designed to provide reliable means of governance through staking and proxy delegation. It will be granted to verified participants, providing a universal access to liquidity that serves to inhibit financial coercion of public decisions. The token is tradable in open markets and can be minted in exchange for Elapsed Time by validated identities, establishing a fair and ongoing distribution model. Tokens accrete value via a Proof of Identity which creates an ERC725 identity ($I) [2] that will be recognized as citizenship by the Democracy Earth Network and unlock the utility of transactions, certifications, voting and proxy representation on the blockchain. The Democracy Earth Network will be governed by a Constitutional Smart Contract consisting of proposals that can be originated by any citizen, with the main purpose of preventing false or sybil identities from being granted an ERC725 citizenship. Only verified $VOTE holders can vote or delegate their token to an existing ERC725 identity in the network.
HCI Platform
Other
Discursive Type
Inventions
Location on Body
Not On The Body
Source
https://www.democracy.earth/

Related Items
Democracy Earth
Date archived
February 15 2019
Last edited
February 15 2019
How to cite this entry
Democracy Earth. (July 16 2018). "Democracy Earth - Token Economics: Proof of Stake Democracy". Fabric of Digital Life. https://fabricofdigitallife.com/index.php/Detail/objects/3594