https://github.com/eteissonniere/araconubi

Proposing Aragon 2019 participants to participate in a UBI demo
https://github.com/eteissonniere/araconubi

aracon ethereum solidity truffle ubi

Last synced: 5 days ago
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Proposing Aragon 2019 participants to participate in a UBI demo

• Host: GitHub
• URL: https://github.com/eteissonniere/araconubi
• Owner: ETeissonniere
• Created: 2019-01-28T12:47:33.000Z (almost 6 years ago)
• Default Branch: master
• Last Pushed: 2022-02-11T00:31:49.000Z (almost 3 years ago)
• Last Synced: 2023-03-10T05:51:01.756Z (over 1 year ago)
• Topics: aracon, ethereum, solidity, truffle, ubi
• Language: JavaScript
• Size: 29.3 KB
• Stars: 0
• Watchers: 1
• Forks: 0
• Open Issues: 2
• Metadata Files:
  • Readme: README.md

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README

        
# Aracon UBI

A cool opt-in UBI proof of concept for Aracon 2019.

## Flow

The contract flow is splitted in two periods:

- contribution

- collection

### Contribution period

Anyone can give ETH to the contract to be collected later by token holders.

People making money from Aracon are encouraged to contribute.

> Other functions are disabled

### Collection period

- We don't accept ETH anymore (though we have to consider the fact that the contract may still receive some, for example via `selfdestruct` calls)

- Token holders can claim a percentage of the contract's balance

1. Token holder calls contract

2. We compute the share as `toSend = this.balance / (tokenSupply / tokenBalance)` which equals to `toSend = (this.balance * tokenBalance) / tokenSupply`

3. We `burn` the tokens of the holder, tokens vanishes!

4. We send him its reward