Skip to content
This repository has been archived by the owner on May 4, 2021. It is now read-only.

Latest commit

 

History

History
68 lines (57 loc) · 3.79 KB

README.proposal.md

File metadata and controls

68 lines (57 loc) · 3.79 KB
Raw

CIPHS Cryptocurrency

MAIN PROPOSAL

First Proposal as on 15 Jan 2018: Ciphs coin creation based on ERC20/ERC23 token.

  1. Initial Supply Issuance: 7,000,000 Ciphs
  • 5,000,000 Ciphs prior for platform launching,
  • 1,000,000 Ciphs for contributor bounty
  • 1,000,000 Ciphs for Ciphs.org development
  1. Max Ciphs Supply: 860,000,000,000
  2. Decimal: 18 integer
  3. Mineable: No, Total Supply will be release from Ciphs wallet using voting system.
  4. Burnable: Yes, can be extend to get other coin.
  5. Owner: Ciphs.org (Ciphs Consensus)
  6. To ensure Ciphs diversity in usage and purpose, we highlight some few guidelines:
  • Ciphs is ERC20/ERC23 compliance (as propose by @dexaran on EIP223)
  • Ciphs can be adapt by other smart contract and also by DAO.
  • Ciphs Consensus can be form with 5 different addresses (must stake at least 10 Ciphs within wallet in order to vote in Consensus) with 1 address 1 vote.
  • Proposal can be present by DAO or single entity. Any proposal must at least achieve 70% agreement to deploy.
  • Additional Coin supply release depending on Ciphs Consensus and voting system to avoid inflation.
  • Ciphs code must be clean and minify to ensure low gas/fee usage. Submission to EtherDelta, Code verification and upload it on Ciphs Github is compulsory.
  • Ciphs code must align with major exchange standard code and will not cause bug to their service (yobit, bittrex and such) to be accepted by them. Must understandable by other developer to continue extend the code.
  • Ciphs is not limited for payment purpose. Ciphs can be use as voting right, in-game reward, staking reward, smart contract funding, trading and not limited to these usage. The people of Ciphs can determine the future path of the currency they use.
  • Safe, Secure and Working coin with pricing pair on mobile wallet such as imToken or Coinomi.

Ciphs Roadmap: Q1 2018

  1. Proposal for Ciphs to be develop under MIT license.
  2. Ciphs creation and distribution to circulation such as EtherDelta.
  3. Form Ciphs Consensus base on meritocracy voting system

Q2 2018

  1. Integration of DAO to make use of Ciphs.
  2. Integration of smart contract within Ciphs Consensus.
  3. Integration with open source decentralize exchange.

Q3 2018

  1. Development of Ciphs smartphone wallet
  2. Request for Ciphs Improvememt as propose by Consensus (CIP)
  3. Keeping Ciphs decentralize and reliable to fellow Users.

Chat with us: *Gitter.im Ciphs, Ciphs_Cryptocurrency, Ciphs_Consensus

*Reddit Ciphs, [Subreddit] Soon

*Telegram Ciphs.org News, Ciphs.org Consensus

CIPHS@ Consensus

MAIN DAO PROPOSAL

Ciphs DAO/Ciphs Consensus are form with intention to control Ciphs Cryptocurrency by propose and vote system. This is to ensure decentralization of Ciphs.The DAO must be build according to below criteria:

  1. Single entity, other DAO or other smart contract can join Ciphs Consensus using a single address with 10 Ciphs stake for at least 1 week of maturity before the address may start propose or voting within Ciphs Consensus.
  2. 1 address is entitle to 1 vote. Only 1 Ciphs are required for voting. If more than 1 Ciphs send to the proposal vote, it will be rejected and Ciphs will be refund to voter's wallet.
  3. Minimum of 5 address before any proposal can be execute. Voting right will be delegate by Ciphs Consensus.
  4. Proposal can only be execute with minimum of 70% vote by voters.
  5. CIPHS.ORG address as owner of Ciphs if no Consensus were form.
  6. DAO can create smart contract and accept Ciphs as funding method to the propose project.
  7. Any extra proposal by developer are most appreciated. Please kindly brief you proposal to bring your idea to Ciphs.