The Implementation Roadmap and Horizons
Last updated
Last updated
The concept of Horizons has already been introduced and is essentially a controlled scale-out of the new Seeds currency ecosystem. The objective is to start out quickly and simply (less development effort) and safely (robust tokenomics protect the value in the ecosystem from various pressures that seek to drive it down). Only when one Horizon is seen to be functioning as expected does the next Horizon get implemented, bringing with it the next iteration of sophistication.
Currently 3 Horizons are envisaged but more could be added in the future as more features and sophistication becomes necessary or desirable. For now the base 3 Horizons are well understood and each one is described below.
Below is the living roadmap for the implementation of the new SEEDS tokenomics.
Preliminary Action Plan
Overview: This Horizon sets out the minimum number of elements required to re-energise the Seeds currency ecosystem.
Simultaneous with the legacy collaborative token sale being ran and orchestrated by Seeds Commons, Market Seeds will technically come to existence with a multi-sig account (seeds.seeds) and associated smart contract. Market Seeds will be new volatile tokens that represent the health and value of the whole Seeds ecosystem, not just any single project or subset of projects.
With Horizon 1, we start with community building and community support. A toolset will be deployed that allows regenerative communities and projects quickly bootstrap themselves by use of an "out-of-the-box" set of tools. One of the main tools will be a currency creator allowing communities to create their own (hyper)local currency.
Generically these community tokens will be known as Community Seeds or oSeeds. "O" represents the circular economy that is the sustainable, regenerative goal. It also represents "infinity" as we expect these communities to proliferate and thrive creating a myriad local currencies.
As such, communities and projects on the ground can immediately have confidence that their work can progress at full speed. They have everything that they need to operate day-to-day.
Horizon 1 Work Plan Summary:
Working capital
Update the token Collaborative Sale ("Cosale") to reflect the legacy seeds token Collaborative sale proposal
Implement the legacy Seeds Collaborative Token Sale
Set up Market Seeds - multi-sig account and smart contract - ready to be minted in horizon 2 for additional working capital.
Community Seeds
Deploy the Rainbow Seeds contract and other tools (DAO) in communities
Update Seeds Apps to reflect the new tokens: Market Seeds and Community Seeds
Transition to new Market Seeds - see details here
Inactivate "Unplanting"
Overview: This Horizon introduces one new token - SeedsIndex - and the communities influence the pricing of the market gSeeds.
When horizon 2 launches, the website will no longer sell any legacy liquid Seeds, and it will shift to selling the new liquid Market Seeds. Liquid Market Seeds will have several important additional functions in horizon 2:
will provide working capital for the entire ecosystem
will form the main bridge between the Seeds currencies and fiat
It is anticipated that Market Seeds will be minted from Horizon 2, sold on the Seeds Commons Collaborative token sale (replacing the legacy Collaborative token sale when Horizon 2 is launched).
If people believe in the future success of the various Seeds projects, they will buy Market Seeds. This in turn creates working capital that can be directed to supporting the Seeds communities and also to developing the technology for Horizon 2.
b. More Community Activation
In Horizon 2, we expect to see many more communities being created from the "village-in-a-box" template. We expect to see the original pioneering communities maturing and succeeding in their aims, driving regenerative behaviour locally.
c. Connect Markets with real world resources, regeneration and energy
Building on this new maturity of the Seeds ecosystem, a Seeds Index protocol is put in place. This protocol is an algorithm that takes the health of the Seeds communities and projects, represented by an aggregate figure, and uses this to influence the market price of the Market Seeds token. This is done to protect the Seeds ecosystem from artificial pump and dump pressures on the open market. It is a buffer and a moderator of Market Seeds.
Seeds Index Protocol = a measure of the success of all the Seeds communities and projects which in turn influences the price of the Market Seeds token, thereby protecting the overall Seeds ecosystem.
At the same time a new token, the Seeds Index token, will be created. This will be a portfolio token, similar to the DeFi Pulse Index, which will represent a number of the "best" Seeds projects. Investors then have a less volatile way of investing in Seeds also without having to worry about the specifics of individual projects. If the Market Seeds Token is the extroverted token more exposed to the dynamics of the open market, then the Seeds Index token is an introverted token deriving its value from the top-performing Seeds projects and increasing in value more slowly and in lockstep with those projects.
Seeds Index token = a portfolio token representing a limited number of headline Seeds projects.
Horizon 2 Work Plan Summary:
Transition to new Market Seeds - see details here
Automatically convert planted legacy Seeds into planted new Market Seeds and burn planted legacy seeds
Automatically convert a small % of planted new Market Seeds into liquid Market Seeds based on the agreed mathematical calculation.
Global Market Seeds
Global Market Seeds launch - Collaborative token sale from SEEDS Commons to support ongoing ecosystem development and all the diverse organisations in the SEEDS Commons.
Value Generated "Re-Distribution" (Harvest) Protocol beta -- start testing the protocol live by distributing new Seeds based on Contribution Scores of Individuals, Communities (local Commons), Businesses and use the Harvest to fuel the Global SEEDS Commons
A share of the Harvest that goes to the Seeds Commons goes into liquidity pools for the Commons to earn fees, and to build bridges for entering and exiting Seeds.
Community Seeds
Support more pilots on the ground - communicate on real change metrics/positive impact.
Frameworks become more clear, transparent with a dashboard and ecosystem directory.
Seeds Index
Create multi-sig account and smart contract for Seeds Index tokens
Enable the mint/burn relationship with new Market Seeds.
Thrivability metrics beginning to be published, and focus on Seeds index computations, such as the "Seeds Index" and "Balancing Act" protocols.
Overview: the Seeds ecosystem has now evolved significantly and can start to support a system-wide constant currency - cSeeds.
In Horizon 3, we expect that the tokens introduced in Horizons 1 and 2 are now well tried and tested and are increasing in price as the market begins to see the value in the Seeds community. Horizon 3 capitalises on this foundation by introducing a constant currency - cSeeds - that additionally acts as a common currency across all the individual communities/projects.
The constant nature of the token is seen in how it retains its purchasing power regardless of inflation in fiat currencies. If I can buy a loaf of bread for 1 cSeed now then I can still buy a loaf of bread for 1 cSeed in 10 years' time. Essentially it stays constant despite the devaluing of fiat.
It is a common currency because all the various forms of oSeeds can be exchanged for cSeeds. It becomes the universal Seeds currency.
cSeeds = a constant Seeds currency that is inflation-proof and can be exchanged with all oSeeds currencies (when a liquidity bridge exists).
Horizon 3 Work Plan Summary
Transition to new Market Seeds - see details here
Activate the "Unplanting" feature in the new Market Seeds model
Run the Value Generated "Re-Distribution" (Harvest) Protocol to slowly release the legacy deferred seeds, according to agreed durations and principles
Burn all system accounts legacy Seeds
Global Market Seeds
Staking them will bring more rewards through the Value Generated "Re-Distribution" (Harvest) Protocol
Constant Seeds
Create multi-sig account and smart contract for Constant Seeds
Create the mint/burn relationship with new Market Seeds with continued transparency and decentralised governance of Commons Treasury
Dull features with liquidity pools to Communities
Community Seeds
Launch more Community Seeds pilots on the ground
Enable and support liquidity pools between Community Seeds and Constant Seeds for each of the pilots so that bridges between communities can emerge, supply chains etc.
Seeds Index Protocol
Enable burning new Seeds to the Seeds Pulse Index Token (a single button to burn this token for a diversity of Community Seeds to connect the market to tangible communities in the world and for folks, institutions, etc to support communities on-the-ground doing regenerative work).
