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: $250 added on May 25th
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 reasonable time frame to avoiding blocking new proposals coming in.
To improve the current state of available videos, we will incentivize the uploading of high quality content to the platform.
There needs to be some level of accountability and transparency for the Council. Weekly reports would help the users make informed votes.
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.