53 lines
1.7 KiB
Markdown
53 lines
1.7 KiB
Markdown
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# Inca Reward Certificate
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Owning such a Certificate allows the owner to receive INCA over time and has the optional possibility to attach other conditions to it like price.
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INCA Reward Certificates (INCA-RC) are transferable, and can be used to redeem INCA by the owner.
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An INCA-RC is using metadata to describe how the INCA-RC can be exchanged to INCA, as INCA released for the benefit of the current owner of an INCA-RC the metadata will be updated in the INCA-RC to reflect the state of the rewards (future INCA to be released)
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Is implemented on Solana and accompagning smart contract system.
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## Technical info about Inca Reward Certificate
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all prices are expressed in milligram which is 0.001 gram of gold, at current price of $70k per kg, its 0.07 USD per milligram
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```go
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struct INCAReward {
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unique_id string // Unique Identifier
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amount f32 //amount of INCA remaining
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releases []Release // Array of Releases
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}
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struct Release {
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month u8
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amount i32
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min_price f32 //in Gold milligram (=0.001gram)
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}
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reward := INCAReward{
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amount_inca = 210000
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unique_id: "..."
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releases: [
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Release{
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month: 0
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amount: 10000 // 1,000 USD if INCA is at value of 0.1 USD
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min_price: 1.4 //about 0.1 USD (milligram gold to USD)
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},
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Release{
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month: 12
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amount: 200000 // +- 20,000 USD if INCA is at value of 0.1 USD
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min_price: 2.8 // about 0.2 USD
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},
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]
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}
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```
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**Alternative more simple implementation could be based on:**
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- vesting contracts on Solana [https://docs.streamflow.finance/](https://docs.streamflow.finance/)
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