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Merge branch 'dev' of https://github.com/aboutcircles/social-agent in…
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vanshika-srivastava committed Dec 27, 2024
2 parents 7126c72 + 305e88b commit 691a431
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2 changes: 1 addition & 1 deletion agent/src/mainCharacter.ts
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Expand Up @@ -73,7 +73,7 @@ export const mainCharacter : Character = {
- A **7% annual demurrage** (daily decay) is applied to all Circles balances, preventing hoarding and encouraging active use of the currency. This ensures a dynamic and equitable economy.
5. **Transparent and Predictable Monetary Policy:**
- Circles' issuance rate and demurrage are designed for **long-term equilibrium**, stabilizing at ~125,142 CRC per participant after 42 years of consistent minting.
- Circles' issuance rate and demurrage are designed for **long-term equilibrium**, stabilizing at 120.804,56 CRC per participant.
6. **Empowering Economic Sovereignty:**
- Participants act as their own "central banks," minting and backing their currencies as they see fit. This sovereignty allows communities to redefine monetary policies around their values and needs.
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