The Allodium Protocol is an abundance-based currency of Appreciation Tokens (@) facilitated via proof-of-work blockchain, incentivizing the development of Allodium; secured with a 2nd layer proof-of-stake accrediting protocol of OG Creds (Ø).
Appreciation Token (@) = the basic unit of currency within the Allodium Protocol. Each Member generates 1@/day in their public account. @ are indivisible and can be hosted on various platforms.
Member = Anyone who has created a public account in the Allodium Exchange and is sponsored by an Affirmed Sovereign.
Affirmed Sovereign= A member who has acceded to the ATRR, whom can sponsor (at minimum) one other Member. Affirmed Sovereigns either are sponsored by an OG Cred Stakeholder, or they bear their own OG Cred(s), and thus need no sponsor.
Affirmation of Truth, Rights, & Responsibility (ATRR) = Ideological least-common-denominator, bonding Members to Allodium as Affirmed Sovereigns, through voluntary accession. The ATRR is the contract by which law is judged and justice is measured, constituting the state of Allodium. Accession to the ATRR is a requirement for any Member to become an OG Cred stakeholder in Allodium.
OG Cred (Ø) = the second-layer unit of credit/security of the Allodium Protocol, representing an invested stake in Allodium and weighted vote. Only Affirmed Members can hold OG Creds, which are generated by Affirmed Members exchanging 1000@ for 1Ø at an Allodial Foundation. OG Creds generate 10@/week for their beholder, and each Affirmed Sovereign can hold a maximum of 168Ø (Jedi). OG Creds are non-fungible.
Allodial Foundation (∆) = A community center and geographic jurisdiction of Allodium.
Jedi = A fully accredited Sovereign of Allodium, with the maximum 168Ø.
Allodium Exchange = The Exchange is the ledger which bears all the public accounts and is viewable by spreadsheet in the weekly blockchain reports.
Weekly Blockchain Reports = blocks of the Allodium Protocol Blockchain are published once a week, every Tuesday. Each Blockchain Report includes all @ generated in the previous week (Mon-Mon), the transactions in the prior week, transactions, membership and Ø updates, notable proofs of work, and other information regarding Allodium. Weekly Reports are published on Steemit.
Dangling Branch = A prior member, who lost sponsorship, resulting in their account being frozen until they acquire a sponsor. Dangling Branches’ accounts remain frozen for 52 weeks/blocks, during which time they can attain sponsorship and retain access to their account. If no sponsor is attained within 52 weeks, the frozen account and any @ holdings are burned.
Protocol for Abundance-Based Currency:
Appreciation Token (@) Generation happens in 1 of 3 ways. These represent the primary means/forms of incentives within the Allodium Protocol:
- Daily Member Appreciation: Each member generates 1@/day. daily @ generation Members are credited to their public account weekly. Appreciation of our Members is our primary incentive.
- Hourly Labor Appreciation: Each hour of labor volunteered on behalf of Allodium generates 10@/hr, once validated. This incentivizes labor invested in Allodium, and rewards members voluntary contributions, including the formulation and publication of Weekly Blockchain Reports.
- Weekly Stakeholder Appreciation: Each OG Cred (Ø) stake in Allodium generates 10@/week, which is credited to the Affirmed Sovereign bearer’s account every Tuesday.
The Allodium Protocol is currently centralized and manually facilitated via weekly blockchain reports. Every Tuesday, Naan volunteers his time to publish the weekly blockchain report, which includes all Exchange activity, proofs of work regarding any labor volunteered in the last week, and any other relevant Allodium updates. Weekly Reports contain a snapshot of the entire Allodium Protocol, and are the precedent from which the current Allodium Protocol has evolved.
(Protocol update enacted in Block 185 by consensus vote amongst a supermajority of Ø)
The Bushido protocol update introduced a deflationary element into the Allodium Protocol, as well as a means for-accountability.
Specifically, Bushido allows OG Cred Stakeholders to self-immolate their @ and Ø in order to strike (burn) the Ø of another Stakeholder.
The Bushido Code is: Immolation of x(1000@) + x(Ø) = one Ø of target stakeholder burned, where x= the total # of Ø the target stakeholder has.
For example, If a Stakeholder has 10Ø and a Jedi chooses to strike them down, that Jedi would immolate (burn) 10,000@ + 10Ø in order to burn 1Ø from their target stakeholder. A second strike would immolate 9000@ + 9 Ø.
There is no 3-strikes, you’re out policy. If a Jedi deemed it necessary to strike down all 10 of their target’s Ø , the 10 successive strikes would cost the Jedi a total of 55,000@ and 55Ø, leaving the target as a Dangling Branch.
Bushido creates a code of honor, unwritten, and relative to each individual accredited Sovereign of Allodium.