Gov/en/Portal:Economy/Karma-Token-Market: Difference between revisions
m AI-Admin-Assistant moved page Gov/en/Portal:Economy/WIL-Token-Market to Gov/en/Portal:Economy/Karma-Token-Market: Terminology: WIL token -> Karma token; WIL = WikiDeal License only (Theo 2026-07-16) |
Terminology: WIL token -> Karma token; WIL = WikiDeal License only (Theo 2026-07-16) |
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{{KidsIntro|This page is about a place to trade the | {{KidsIntro|This page is about a place to trade the Karma tokens you earn.}} | ||
= | = Karma Token Market — Algorithmic Valuation of Karma tokens = | ||
{| class="wikitable infobox" | {| class="wikitable infobox" | ||
|- | |- | ||
| class="infobox-title" colspan="2"| | | class="infobox-title" colspan="2"| Karma Token Market | ||
|- | |- | ||
| Programme | | Programme | ||
| Line 10: | Line 10: | ||
|- | |- | ||
| Currency | | Currency | ||
| | | Karma tokens 🔗 | ||
|- | |- | ||
| Maturity | | Maturity | ||
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|} | |} | ||
The ''' | The '''Karma Token Market''' is WikiDeal's programme for the algorithmic valuation of '''Karma tokens 🔗'''. Unlike speculative markets, the Karma Token Market is based entirely on real supply and demand within the WikiDeal ecosystem — transparent, at-cost, and stimulating without being speculative. | ||
== What is a | == What is a Karma token Worth? == | ||
A | A Karma token has no fixed exchange rate. Its value is determined by a '''double indicator''': | ||
# '''Value of the service or good''' — what the service is actually worth in the real economy | # '''Value of the service or good''' — what the service is actually worth in the real economy | ||
# '''Availability and frequency''' — how often the service is available on the platform | # '''Availability and frequency''' — how often the service is available on the platform | ||
Karma token Value = f(Service Quality × Availability) | |||
Low availability × Low frequency → Lower | Low availability × Low frequency → Lower Karma token value | ||
High demand × Scarce supply → Higher | High demand × Scarce supply → Higher Karma token value | ||
Many providers × Few users → | Many providers × Few users → Karma token value drops linearly | ||
=== The Double Indicator in Practice === | === The Double Indicator in Practice === | ||
==== Example 1 — Low availability apartment 🏠 ==== | ==== Example 1 — Low availability apartment 🏠 ==== | ||
An apartment is available only Tuesday–Thursday, 2× per month. Very low availability → low | An apartment is available only Tuesday–Thursday, 2× per month. Very low availability → low Karma token value. The provider gets few users, and the Karma tokens they earn have less market weight. They should consider extending availability to increase Karma token value. | ||
==== Example 2 — Many massage therapists 💆 ==== | ==== Example 2 — Many massage therapists 💆 ==== | ||
If 50 massage therapists are listed and only 10 users request massages per month, the | If 50 massage therapists are listed and only 10 users request massages per month, the Karma token market is flooded. Karma token value for massage drops linearly. Providers are incentivized to volunteer more (increasing their profile) or specialize to differentiate. | ||
==== Example 3 — Few apartments, many seekers 🏘️ ==== | ==== Example 3 — Few apartments, many seekers 🏘️ ==== | ||
If housing is scarce but demand is high, apartment providers earn more | If housing is scarce but demand is high, apartment providers earn more Karma tokens per Transaction. The algorithm rewards scarcity of supply appropriately — but always within transparent, community-auditable rules. | ||
== The Market Algorithm == | == The Market Algorithm == | ||
The | The Karma Token Market runs on supply and demand — but unlike a financial market, all data is transparent and auditable by the community: | ||
* '''Too many providers + few users''' → | * '''Too many providers + few users''' → Karma token value drops linearly (linear depreciation, not cliff-crash) | ||
* '''Few providers + many users''' → | * '''Few providers + many users''' → Karma token value rises proportionally | ||
* '''Equilibrium''' → Stable | * '''Equilibrium''' → Stable Karma token value at 1:1 with the reference service basket | ||
The algorithm is public, community-validated, and cannot be manipulated by any single provider or [[Gov/en/Portal:R&D/Innovations:User Groups|User Group]]. All valuations are logged in the WikiDeal public ledger. | The algorithm is public, community-validated, and cannot be manipulated by any single provider or [[Gov/en/Portal:R&D/Innovations:User Groups|User Group]]. All valuations are logged in the WikiDeal public ledger. | ||
== The Contract Principle == | == The Contract Principle == | ||
"The more clients I have, the more I can charge in | "The more clients I have, the more I can charge in Karma tokens. | ||
The fewer clients I have, the more I volunteer — and build my reputation." | The fewer clients I have, the more I volunteer — and build my reputation." | ||
This principle means that the | This principle means that the Karma Token Market creates natural incentives for both quality and community participation: | ||
* Providers with high demand earn more | * Providers with high demand earn more Karma tokens and can charge more per Transaction | ||
* Providers with low demand are incentivized to volunteer (earn reputation + | * Providers with low demand are incentivized to volunteer (earn reputation + Karma tokens) rather than sit idle | ||
* Users benefit from competitive pricing when supply is high | * Users benefit from competitive pricing when supply is high | ||
* The community benefits from increased volunteering when supply exceeds demand | * The community benefits from increased volunteering when supply exceeds demand | ||
== Connection to the Need-Driven Funding mechanism == | == Connection to the Need-Driven Funding mechanism == | ||
The | The Karma Token Market is directly connected to the '''[[Gov/en/Portal:R&D/Innovations:Need-Driven Funding|Need-Driven Funding mechanism]]'''. When Karma tokens accumulate in User Group pools: | ||
* First: | * First: Karma token pressure increases → more volunteering incentivized → service quality up | ||
* Then: [[Gov/en/Portal:Economy/Rewards|Rewards]] (no guarantee*) 💰 increases → as services multiply, revenue grows → Cash becomes available | * Then: [[Gov/en/Portal:Economy/Rewards|Rewards]] (no guarantee*) 💰 increases → as services multiply, revenue grows → Cash becomes available | ||
* The | * The Karma Token Market thus acts as a '''natural regulator''' between community activity and financial redistribution | ||
''→ See [[Gov/en/Portal:Economy/Rewards-Explained|Rewards Explained]] for the Need-Driven Funding mechanism and [[Gov/en/Portal:R&D/Innovations:Bonding Curve|bonding curve]] details.'' | ''→ See [[Gov/en/Portal:Economy/Rewards-Explained|Rewards Explained]] for the Need-Driven Funding mechanism and [[Gov/en/Portal:R&D/Innovations:Bonding Curve|bonding curve]] details.'' | ||
== Connection to Shared Resources == | == Connection to Shared Resources == | ||
The [[Gov/en/Portal:Community/Shared-Resources|Shared Resources programme]] is the primary consumer of | The [[Gov/en/Portal:Community/Shared-Resources|Shared Resources programme]] is the primary consumer of Karma tokens. When housing, transport, food, and tools are shared within a [[Gov/en/Portal:Trust-Safety/Rings-of-Trust|Ring of Trust]], the Karma Token Market determines fair exchange rates for these assets. A shared apartment earns more Karma tokens than a shared bicycle — because its value and scarcity justify it. | ||
== Why Not Speculative? == | == Why Not Speculative? == | ||
The | The Karma Token Market differs from crypto or financial markets because: | ||
* All data is public — every Transaction, every valuation, every provider's availability | * All data is public — every Transaction, every valuation, every provider's availability | ||
* No hoarding incentive — | * No hoarding incentive — Karma tokens are designed to be ''used'', not held | ||
* Community governance — User Groups vote on market rules, not algorithms controlled by a private company | * Community governance — User Groups vote on market rules, not algorithms controlled by a private company | ||
* At-cost principle — WikiDeal takes no Commission on | * At-cost principle — WikiDeal takes no Commission on Karma token exchanges beyond the standard platform fee | ||
* Real services — every | * Real services — every Karma token represents an actual service offered by a real person | ||
''"Stimulating but not speculative at all — because everything is transparent."'' | ''"Stimulating but not speculative at all — because everything is transparent."'' | ||