JoinSEEDS / seeds-smart-contracts

Smart contracts for SEEDS - A Regenerative Civilization Building Game.
https://docs.google.com/document/d/1C4w9Ol8VGabCIcQDVPDrwcTRoJXBqhrb7VjslwQbUGU/edit#heading=h.6f4sxygso816
MIT License
20 stars 6 forks source link

Campaign Seeds Fix #417

Open n13 opened 2 years ago

n13 commented 2 years ago

Outline:

"If people want to dump their Seeds, I believe we should let them, and no longer worry about it. We should also halt campaigns and perhaps freeze accounts with large amounts of campaign Seeds, or have them move their seeds into the collective sales contract, and then remunerate them as these Seeds get sold on the market.

So let's say I have 1M Seeds for my campaign - but I suddenly realize I want to sell them So I send them to the collective sales contract In the collective sales contract there's 99M seeds already, so with my 1M, it's 100M

Now 2M Seeds get sold, 2%

I now receive HUSD equivalent to 2% of my share, which is 1M seeds, so 2% of 1M Seeds, converted to USD - who whatever the sales price was for these seeds, I get in HUSD as a percentage

This way sellers do not compete with each other. This may actually also remove p2p seeds - for example, if these campaign seeds people sold their seeds on the p2p app to others, at a very good price, these others could just add the seeds they just bought to the collective sales contract for a profit over time

So lets say they buy the seeds at 1 cent p2p, but the collective sales contract sells them at 9 cent - good for them, they have to wait, but they will make a 9x return eventually