There are two dynamics that impact the amount of value backing the tokens at any given time.
All else being equal, as these two rewards are added to the pool, the redemption price of the tokens increases.
At some regular interval, which may itself be updated over time, some quantity of USD value is added to the pool of value.
Last replenishment: $150 added on July 26th
At any given time, there is a set of key performance indicators (KPI) which define success metrics for the overall system, and how much value is added to the reward pool. The actual success of the system is judged by Jsgenesis representatives at designated times.
The set of KPIs, and the terms associated with them, will change over time.
In order to have a reliable network, a KPI focusing on block production and validator stability is required. Timestamp of each block can be found using the block explorer (divided by 1000).
For the governance process to work, all proposals must be dealt with professionally, and in a reasonable time frame to avoiding blocking new proposals coming in.
There needs to be some level of accountability and transparency for the Council. Weekly reporting of workflow and 'Tokenomics' will allow users make informed votes. Note that all reports must be submitted as a PR to the Community Repo, with a link to discussions.
After the runtime upgrade at block #1914789, the platform needs to restore the storage system.
The KPI system has not worked as intended. An improved system will be proposed as a Text Proposal before block #2086850.
To initiate an exchange, set your memo to an XMR address of your choice and make a transfer to Jsgenesis burner address: 5D5PhZQNJzcJXVBxwJxZcsutjKPqUPydrvpu6HeiBfMaeKQu
Tokens sent to Jsgenesis in this exchange are burned, hence the final price of the token is unaffected by such an exchange.