Inca Reward Certificate

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.

INCA Reward Certificates (INCA-RC) are transferable, and can be used to redeem INCA by the owner.

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)

Is implemented on Solana and accompagning smart contract system.

Technical info about Inca Reward Certificate

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


struct INCAReward {
    unique_id string    // Unique Identifier
    amount f32          //amount of INCA remaining
    releases  []Release // Array of Releases
}

struct Release {
    month u8
    amount i32
    min_price  f32      //in Gold milligram (=0.001gram)
}

reward := INCAReward{
        amount_inca = 210000
        unique_id: "..."
        releases: [
            Release{
                month: 0
                amount: 10000   // 1,000 USD if INCA is at value of 0.1 USD
                min_price: 1.4  //about 0.1 USD (milligram gold to USD)
            },
            Release{
                month: 12
                amount: 200000  // +- 20,000 USD if INCA is at value of 0.1 USD
                min_price: 2.8 // about 0.2 USD
            },
        ]
}

Alternative more simple implementation could be based on:

vesting contracts on Solana https://docs.streamflow.finance/

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Inca Reward Certificate

Technical info about Inca Reward Certificate

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