[TechWP-episodes] Issuing and Digital Development Fund
Issuing is set up at a fixed value of 10% per year. Total issuance goes to the reserve fund of community and remains under its management This reserve fund provides payments for the daily fund of digital development and also payments to delegates.
Annual 10% issuance of coins allows to involve additional leverage for development but is not critical for participants who received TravelTokens earlier. Due to the fact that TravelTokens are regularly contributed to the development fund and used effectively, the number of users increases and in result demand for data and TravelTokens grows.
Targets for expenditure of digital development funds are set up by the committee but community is not obliged to abide by them. Rewards are paid from the daily pool which is totally under control of the community and is subject to vote. Unused coins of digital development fund are returned daily to the reserve fund.
The fund for digital development must create flexible conditions for the development of TravelChain ecosystem. Participants can independently offer development tasks with a defined schedule of payments and ask community approval for these tasks.The committee can offer its own venue for development and seek resources from the community.
Prime offer of TravelChain committee for use of digital development fund is to stimulate collection of user data via developers of applications. A detailed summary of this proposal will be presented to the community at the time of issue launch planned for Q1 2018.
Due to the fact that TravelTokens make their way from daily digital development fund to users and the latter perform operations on the platform subject to fees, TravelTokens with time go back to the community reserve fund thus enabling continued performance of economic system.
You can take part in TravelChain's Token Sale here.