miguelramosfdz / monetarycoin

MonetaryCoin smart contracts

MonetaryCoin smart contracts

https://monetarycoin.org

More info

• MonetaryCoin Forging DApp
• MonetaryCoin Distribution DApp
• MonetaryCoin Homepage
• MonetaryCoin smart contracts
• MonetaryCoin smart contracts Audit
• Monetary Foundation on Github
• White Paper

Description

MonetaryCoin is an ERC20 token defined by the Monetary Protocol (see White Paper for details).

Aside from standard ERC20 functionality, the token contract has these major features:

• Proof of stake (PoS) forging - the initial amount will be distributed using this mechanism.

• After distribution of the initial amount, changes in supply of coins available for forging will be controlled using external GDP oracle maintained by the Monetary foundation. See GDPOraclizedToken.sol for additional detail.

• In periods of positive GDP growth, the new supply will be distributed using the PoS mechanism. See MineableToken.sol for additional details.

• In case of negative GDP growth (i.e. GDP declines), the M5 mining mechanism will be triggered. See the M5LogicMock3.sol and M5tokenMock.sol for additional detial.

• After M5 mining is fully defined, the contract will be upgraded to support negative mining. See MineableM5Token.sol for details. The upgrade will be done prior to the conclusion of the initial distribution. Initial distribution will last a year and a half following the 7+173=180 day period, a total of two years.

• Users can prove ownership of an address to comply with AML-KYC regulations using the ComplianceStore.sol contract - a separate contract, defined by the Monetary Protocol.

• Pre-distribution of the tokens will take place via the MCoinDistribution contract.

The ERC20 standard token is based on the openzeppelin-solidity repository, the rest of the token’s functionality is custom developed and has been audited.

Go to API Documentation

Installation

• Clone repository.

• Change deploy variable in 2_migration.js to 'true'.

• In 2_migration.js, change initialAccount, GDPOracle, upgradeManager variables to the desired addresses.

• Run truffle --network testrpc compile -all followed by truffle --network testrpc migrate to deploy to testrpc.

Available networks can be seen / changed in truffle.js.

License

Code released under the MIT LICENCE