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Welcome to the StakingContract wiki!

StakingContract is typically for either individual or large (institutional) buyers to deposit value into a community, receiving utility tokens that they will spend in the community’s economy over the following months and years, on various goods and services. Meanwhile, whitelisted vendors in the community (eg with certain roles or tags) will be able to cash out the utility tokens they have accumulated, for the staked deposits. After the staking period expires, any unused deposits can be withdrawn.

On top of this, the community may be allowed to mint more utility tokens, inflating the total supply in order to run its own monetary policy and subsidize certain things (UBI, initiatives, rewards for certain actions by stakers, promoters or market participants, etc.)

Utility tokens may be immediately usable for certain services in other communities, but stakers may choose to hold out and wait until this community develops its own services. This way, the staked money isn’t likely to be a security transaction even by the Risk Capital test, since it can immediately be spent on existing goods and services at any time, but the stakers choose to wait until the community developers more native vendors of goods and services. The community may reward them for waiting and spending “locally”.

Mechanics