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PIP-0021: added clauses 5.6, 5.7

Herman Schoenfeld 7 years ago
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979aa9f9d4
1 changed files with 19 additions and 1 deletions
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      PIP/PIP-0021.md

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PIP/PIP-0021.md

@@ -84,6 +84,25 @@ This document comprises the general agreement between parties receiving funding
 
 
     5.5 that the Funding is not guaranteed in any way, shape or form and that Payments may be terminated at any time by the DAO and/or Foundation without prejudice.
     5.5 that the Funding is not guaranteed in any way, shape or form and that Payments may be terminated at any time by the DAO and/or Foundation without prejudice.
 
 
+    5.6 If (Contractor PASA Quantity) + (Contractor Holding PASA Puantity) is less than (Reserve Ratio) x (Proposal Amount) then Foundation will disburse Payment as 0.5 * (Payment Amount) to (Contractor PASA) and 0.5 * (Payment Amount) to (Contractor Holding PASA).
+
+    5.7 If Proposal is terminated for any reason other than successful delivery of the Works, then the balance of the Contractor Holding PASA is retained by the Foundation.
+
+**NOTE:** The purpose of the above 2 rules provide the following benefits:
+- Provide an economic incentive for Contractors to deliver high-quality Works as efficiently as possible
+- Provide an economic incentive for successful Proposal termination (rather than a Community Abort) since Contractor will receive "Bonus"-style payment on succesful completion.
+- Allow serious Contractors who already HODL PASC to bypass this requirement.
+- Not limit the pool of available talent to only holders of PASC, but anyone who wants to earn PASC.
+- Allow non-holders of PASC to participate in the PASC eco-system, but in a genuine and serious manner. 
+- Allow non-holders of PASC to HODL PASC, teaching sound investment techniques likely to craete community of evangelists who promote PASC as price orbits the moons of neptune.
+- Filter out scammer and non-serious minor Proposals without requiring expensive community effort.
+- Automated filtering via this economic incentive model allows high-volume, high-frequency more granular proposals (spanning into the thousands and tens of thousands over time).
+- Ensure large contracts are not awarded to Contractors who do not believe in PASC.
+- Ensure at least 10% of total PIP-0011 funds are always reserved in the supply
+- Reserve can be used by Contractors for earning income by staking it on Layer-2 sidechains, both securing Layer-2 sidechains via Proof-of-Stake and earning income from this reserved capital (can be used in Layer-2 nodes).
+- Facilitate highly-decentralised and well-capitalised Staker set securing non-federated Layer-2 sidechains (sidechains "not owned by anyone")
+- Lowers supply-side liquidity on exchanges, yielding adding slight upward price pressure for PASC.
+
 ### 6. LIABILITY
 ### 6. LIABILITY
 
 
 **The Contractor agrees:**
 **The Contractor agrees:**
@@ -135,4 +154,3 @@ provide a reasonable user-experience for the Contractor.
 
 
     9.5 to provide a means to review the revision history of this Agreement (e.g. GitHub revision history).
     9.5 to provide a means to review the revision history of this Agreement (e.g. GitHub revision history).
 
 
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