![[object Object]](/static/coin-minter-hero.c3e7fbc3.svg)
Token in numbers
Value backing dynamics
There are two dynamics that impact the amount of value backing the tokens at any given time.
Replenishment
The fiat pool will be topped up weekly, without minting new tokens, effectively increasing the exchange rate (all else being equal).
Last replenishment: $600 on January 17th
Current replenishment values
days
KPI and Bounty Rewards
For every new Council term, Jsgenesis will create Council KPIs, each assigned a USD value. If the goals are achieved, Jsgenesis will reward the Council without affecting the exchange rate.
Jsgenesis will also create Community KPIs, similar to bounties, but managed by the Council. These are also assigned a USD value, and if achieved, Jsgenesis will (indirectly) reward the individual or group that achieved the goals.
Council KPIs
09.1
09.1
$0
Proposal Clearance
$0
For the governance process to function properly, all proposals must be processed effectively, and in a reasonable time frame to avoiding blocking new proposals coming in.
09.2
09.2
$0
Council Reporting
$0
There needs to be some level of accountability and transparency for the Council. For each Term the Council must produce a report of 'events' and 'Tokenomics' to allow users to make informed votes. This must be submitted as a PR to the Community Repo.
09.3
09.3
$50
Appoint New Council Secretary
$50
The Council must appoint one of their own as the Council Secretary, responsible for adding Council Reports and representing the Council in the Community Repo (with some enhanced repository maintenance privileges).
09.4
09.4
$50
Block Production
$50
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.
09.5
09.5
$50
Managing the Working Groups
$50
In addition to the regular tasks, the runtime upgrade will require extra work in terms of management. In particular as the Curator Working Group module will be changed.
09.6
09.6
$100
Joystream Sprocket
$100
Start the Joystream Sprocket based on issue #1966 in the 'joystream' repo. At least $200 of funding will be made available initially by Jsgenesis.
09.7
09.7
$300
Managing Community Bounties
$300
Managing Community Bounties will be a growing part of the Council's workload. Establishing good workflows for this will be iterative and situational.
Community Bounties
01
01
$300 (max)
Update Telegram Bot
$300 (max)
02
02
$200
Research and Testing of 'polkadot-js extension'
$200
03
03
$225
Improve Telegram Bot(s)
$225
05
05
$400
Joystream Telegram Sticker pack
$400
06
06
$200
Increase Validator Set Research
$200
Pending exchanges
To initiate an exchange, set your memo to an BCH 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.
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