任务

Stellar is a common financial platform, designed to be open and accessible to everyone. This document outlines the long-term plan of both the Foundation and the Stellar protocol.

恒星是一个通用金融平台,设计理念即为开放以及所有人共享。此文档概述了基金会以及恒星协议的长期计划。

Our mission

我们的使命

Our mission is to expand financial access and literacy worldwide. When individuals have access to financial services and the confidence that those services are working in their best interest, those individuals can independently improve their lives. Yet the current financial system is too costly and complicated, leaving millions of people on the sidelines. Just as the internet allowed anyone to send an email or create a blog, Stellar’s common financial platform now allows you to easily send, save, and receive money, without large fees or hassle.

我们的使命是拓展全球的金融服务覆盖以及提高人群金融知识。当个体使用金融服务时,金融服务总是提供对自己最有利的利率。这些人可以独立的改善他们的生活。但是如今的金融系统过于昂贵与复杂,这让千百万人群无力承担。正如互联网允许每个人发送电邮或创建博客,恒星的通用金融平台现在可以让你轻松的发送,保存以及接收资金。

Responsiblities

职责

The Foundation is responsible for:

  • Programs promoting digital financial literacy funded by grants of digital currency and distribution of stellars.
  • Developing free tools and services that support the users of the network and the network itself, particularly the functions that are seen as beneficial for the world that are not being addressed by for-profit entities.
  • Ensuring that the Stellar protocol remains freely accessible to anyone who wishes to use it.

基金会的职责如下:

  • 基于数字货币捐赠和恒星币的分发方式,创建促进数字货币知识普及的计划
  • 开发免费的工具和服务以支持恒星网络和网络的用户,尤其是那些有益于世界但尚未被营利实体解决的功能。
  • 确保恒星协议可以持续被有意愿使用的人群自由使用。

Transparency

透明度

The last few years have shown that a worldwide transition to digital money is starting, and large amounts of capital are currently entering the space. Our not-for-profit structure is designed to ensure that we remain focused on the goal of educating and giving access to as many people as possible. When designing and implementing any programs, the non-profit will take care to make sure it is not a privileged player in the network or the protocol. To build trust — within the community and within our team — we are committed to transparency and other safeguards. Therefore, as part of our governance practices, the following will be made permanently and publicly available:

  • Sum of salaries + stellar grants of all employees
  • Quarterly budget
  • Details/mechanism of the various stellar distribution programs
  • Aggregate number of individuals who have participated in the direct signup program and number of stellars distributed
  • Details and progress of the increased access program, including number of applications received, grants granted, and distribution schedule
  • Details and progress of the bitcoin program
  • Total stellars held by the Foundation

过去几年已经表明全球性向数字化货币过渡的浪潮已经启动,大量的资本正在争相涌入这个领域。我们的非营利结构旨在确保我们能够持续专注于教育和尽量覆盖更多人群这一目标。在设计和实施任何计划时,非营利组织(即基金会)会务必确保它不在网络和协议中享受特权。为创建信任——在社区和团队内部——我们致力于透明度及其它保障措施。因此,作为我们治理实践的一部分,以下内容将被永久化及公开。

  • 所有员工的薪酬及恒星补助
  • 季度预算
  • 各个恒星分配计划的详细资料/机制
  • 参与直接分发计划的个体总数及恒星币分发数量
  • 增加覆盖计划的细节和进程,包括申请数量,已捐赠数量,以及分发计划
  • 比特币计划的细节和进程
  • 基金会持有的恒星币总数

Funding

资金

The Foundation received a loan of $3,000,000 from Stripe which was subsequently repaid with 2% of the stellars. The Foundation is allowed to use up to 5% of the initial stellars to fund operations (including the loan repayment).

基金会从Stripe获得三百万美元的贷款,并偿还以2%的恒星币。基金会被允许使用至多初始恒星币的5%用以运营用途(包括这次贷款偿还)。

Stellar distribution

恒星币分发

At genesis 100 billion stellars were created. The stellars are required to be distributed to the world in the following manner.

  • 50% for the world via the direct signup educational program
  • 25% for nonprofits to reach underserved populations via the increased access program
  • 20% for the bitcoin program
  • 5% for operational costs

In order to provide additional stability to the system, the nonprofit founders and Stripe have voluntarily agreed not sell any of the stellars initially received (either via employee grants in the case of the founders or via repayment of the loan) for at least five years; however, Stripe may auction any of their stellars, provided the recipients also agree not to sell their stellars for five years, and net profits are returned to the Foundation.

初始共创建了一千亿恒星币。恒星币必须将以下述方式分配给全世界。

  • 50%通过直接分发计划分配给全世界
  • 25%通过增加覆盖计划分配给非营利组织以给予金融服务匮乏的人群
  • 20%通过比特币计划分配
  • 5%留作运营费用

为了给恒星系统提供额外的稳定性,基金会和Stripe自愿同意至少五年内不出售任何持有的恒星币(员工补助,贷款所得);Stripe可以拍卖持有的恒星币,要求接收方也同意五年内不出售,且净收益返还给基金会。

Direct signup program

直接分发计划

50% of the initial stellars are dedicated to the direct signup program. The purpose of the program is to extend financial knowledge and access to financial services around the world. Our goal is to distribute the initial allocation of 50 billion stellars in three years but no longer than five years. Registration for the initial direct signup program will be done via Facebook. We are using Facebook as our initial login methodology because it is the largest database of identity, and our goal is to reach as many people as possible with our educational programs before running out of funds. Therefore, we need a system that allows us to screen out duplicate or spam accounts. We will set up a website where anyone can come and register. We will also make reasonable best effort to screen out fraudulent accounts or people with multiple Facebook accounts. Once the direct signup program has commenced, the Foundation will begin work on alternative channels for distribution of stellars, including SMS and other online channels, in order to allow more people access without having to have a Facebook account. People participating in this program will receive their initial grant of stellars to fund an account which they will use to learn how to use online financial tools. In addition, completing educational tutorials will earn extra stellar rewards. We commit to admitting at least the following number of people each month into the direct signup program. Month 1: 10k people Month 2: 20k people Month 3: 50k people Month 4-12: 100k people per month Month 12+: capped only by technical constraints We anticipate even broader reach than these numbers, limited only by the scalability of the network. Once these monthly limits have been reached, people may be placed on a waitlist and be admitted into the program as more space is available. Every day we will take people off the waitlist and add them to the system. We believe that Stellar is most useful when groups of interconnected people are using the system. With this in mind, we may let people in out of order based on certain criteria such as geographic region, availability of tools in localized languages or number of friends in the system.

初始恒星币的50%用于直接分发计划。此计划的目的是为环球的金融服务扩展金融知识以及金融服务覆盖面。我们的目标是三年内分配出500亿初始的恒星币,最多不超过五年。此计划将通过Facebook完成注册。我们使用Facebook作为我们初始化登录的手段是因为他是最大的身份数据库,而我们的目标是耗尽资金之前让尽可能多的人能够接触到我们的教育计划。因此我们需要一个允许我们筛选出重复或者垃圾账户的系统。我们将设立一个网站,并允许任何人注册。我们还将尽力筛选出欺诈账户或者拥有多个帐号的人。一旦直接分发项目启动,基金会将拓展其它分发恒星币的渠道,包括短信及其它在线渠道,以接纳更多人群而无需拥有Facebook帐号。参与此计划的人们会收到首次赠予的恒星币以创建帐号,可以用来学习如何使用在线金融工具。另外,完成教育课程会赢得额外的恒星币奖励。我们承诺每个月至少接纳如下数量的人群加入直接分发计划。第1个月,1万人;第1个月,2万人;第3个月,五万人;第4个至第12个月,10万人。一年以后,仅受技术条件制约。我们预计的数字将会比此广泛,会只受网络的可扩展性限制。一旦达到月度限制,人们将会被列入等待列表,承诺有更多席位的时候加入计划。每天我们会将人移出等待列表并加入到系统中。我们相信当有很多互有关联的人群使用系统时,恒星才是行之有效的。考虑到这一点,我们会基于一定的标准,比如物理位置,本地语言工具的有效性或系统内朋友的数量,来让人们加入,而不是按照注册顺序。

Increased access program

增加覆盖计划

25% of the initial stellars will be set aside for grants to other nonprofit organizations. The goal of the nonprofit program is to allow the Foundation to reach underserved populations (hardest to reach) that do not presently have access to the online and mobile channels included in the direct signup program. Nonprofits will be asked to submit grant proposals outlining how they can distribute stellars to underserved populations. The grant application process will be established and directed by the Executive Director. Grant applications will be reviewed by the Foundation for approval. All funds initially reserved for the nonprofit program will be distributed to nonprofits no later than 10 years of the Foundation’s formation. Extra time is being allocated to the nonprofit program as we believe that mobile phone penetration in developing countries is growing so fast that allowing additional time to administer this program will provide greater access to individuals living in those regions. If you are a nonprofit interested in learning more, let us know.

25%的初始恒星币被预留以分配给非营利组织。此非营利计划的目的是允许基金会能够触及金融服务匮乏的人群(很难触及),他们目前无法参与直接分发计划的在线和移动渠道。非营利组织将被要求提交捐赠申请,简要描述他们将如何分发恒星币给金融服务匮乏的人群。捐赠申请程序将由执行主任建立并指导执行。捐赠申请会由基金会进行审核批准。所有为此非营利计划预留的恒星币会在基金会成立10年内发放给非营利组织。之所以给此计划分配如此长的时间,是因为我们相信发展中国家移动电话覆盖率的快速增长,给此计划分配更多的时间会给这些地区的人更多的机会。如果你是非营利组织有意了解详情,请告知。

Bitcoin program

比特币计划

20% of the initial stellars are set aside to be distributed to holders of bitcoin and XRP (19% for bitcoin holders and 1% for XRP holders). We will take a snapshot of the bitcoin blockchain at a particular date and will set up a claim page that will allow bitcoin holders to receive their pro-rata share of the stellars reserved under this program by verifying they control their address from that blockchain snapshot. For example, a user owning .001% of the bitcoins in the blockchain snapshot would receive .001% of the stellars set aside for bitcoin holders under this program, or 190,000 stellars. For bitcoin holders, distribution will begin within 6 months after Stellar is open to the public. The Foundation will maintain this claim site for at least 3 months. For XRP, we will take a snapshot of ripple ledger 6,762,000 (a ledger occuring May 22nd, 2014). Any ripple account holder with less than 7.5 million XRP (~$50,000 USD at that time) in his or her account at that ledger will qualify for the giveaway. Every qualified XRP holder has two options to participate:

  • Pro-rata: Similar to the bitcoin holders, eligible XRP holders may receive their pro-rata share of stellars allocated to this giveaway (1%) and be credited for up to 1.5 million XRP.
  • Donation: Eligible XRP holders may also donate up to 1.5M XRP to a selection of charities and receive an equal amount of stellars in return.

For example: Sam had 1 million XRP as of ledger 6,762,000. He could choose to donate his XRP to a charity listed in the program and get 1 million stellars from the bitcoin program. Or he could choose to claim his pro-rata share of stellars allocated to this giveaway. Sam has .001% of the XRP so he would get .001% of the 1 billion stellars allocated to the XRP holders or 10,000 stellars. The XRP claim page will be up at within 6 months after Stellar is open to the public and will remain up for at least 3 months. Members and board members of the nonprofit will not participate in the bitcoin program for any bitcoins or XRP they hold during the claim period. If there are unclaimed stellars in the bitcoin program after this period, they will go to the nonprofit’s operational fund.

20%的初始恒星币被预留以分发给比特币和XRP的持有者(19%给比特币持有者,1%给XRP持有者)。我们会在特定日期对比特币区块链进行快照,并创一个验证页面,允许比特币持有者验证比特币快照地址,按比例领取此计划预分配的恒星币。举例说明,一个拥有区块链快照0.001%的比特币的用户,将会本计划预留给比特币持有者的恒星币总数的0.001%,即19万恒星币。对于比特币持有者,分发将会在恒星向公众开放六个月内启动。基金会会维护验证网站至少三个月。对于XRP,我们会对ripple总账6762000进行快照(产生于2014年4月22日)。在此总账记录里,任何持有少于750万(当时市值约五万美元)XRP的持有者将有资格参与赠予活动。每个参与的XRP持有者会有如下两个选项:

  • 按比例分配:如同比特币持有人,符合条件的XRP持有人会按比例领取到分给此次赠予活动的恒星币,最多计算150万XRP。
  • 捐赠:符合条件的XRP持有人可以将至多150万XRP捐赠给选择的慈善机构,做为回报,将收到相同份额的恒星币。

举例:Sam如总账6762000所记,拥有100万XRP。他可以选择将XRP捐赠给计划所列的慈善机构,获得100万恒星币。或者他可以选择验证此次赠予活动分配给他的恒星币份额。Sam拥有XRP总量的0.001%,所以他会获得分配给XRP持有者的10亿恒星币的0.001%,即1万恒星币。XRP验证页面将会在恒星向公众开放六个月内上线,并持续至少三个月。恒星基金会的董事会成员以及员工不会参加比特币计划。如果此计划分配期限之后仍有未验证领取的恒星币,它们会划归基金会的运营资金。

 

Stellar creation

恒星币增发

To account for both economic growth and lost stellars, there is a fixed 1% annual rate of new stellar creation. These new stellars will be generated on a weekly basis and distributed via a direct voting method similar to “participatory budgeting.” Our hope is that account holders will use the inflation-generated stellars to enable novel business models or to fund causes they support. Here’s how new stellars created via this mechanism will work: Every account is able to select another account as its nominee for new currency. Voting will be weighted according to how many stellars the voter has in his or her account. For instance, if you have 120 stellars and you vote for Jane as the recipient, that will be counted as 120 votes for Jane. Each week, the network will identify the winners. The winners are the 50 top voted for accounts that also received at least 1.5% of the vote. If no account has over 1.5% of the vote, then the top 50 accounts voted for are considered the winners. That week’s new stellars are then distributed pro-rata to the winners. If the Foundation is the beneficiary of new stellars, the stellars can be used to support our operations or to extend the direct signup and increased access programs.

考虑到经济增长和恒星币的损耗,每年会有一个固定的1%的增发。这些恒星币将每周生成,并通过直接投票方式(类似于参与式预算participatory budgeting)进行分发。我们希望是账户持有人使用这种通货膨胀创建的恒星币创建新的商业模式或者为他们支持的基金筹款。以下是对新恒星币如何产生的机制运作的描述:每个帐号都可以选择另外一个账户作为新产生货币的提名对象。投票权重将取决于帐号内的恒星币余额。例如,如果你有120个恒星币,并选择为Jane投票,那么将会为Jane计入120票。每一周网络都会确定胜者——至少收到1.5%投票数的前50名账号。如果没有帐号收到1.5%的投票数,那么投票数前50名的为胜者。每周新生成的恒星币将按比例分配给胜者。如果基金会是新恒星币的受益者,这些恒星币将被用来支持运营或者延长直接分发计划和增加覆盖计划。

Software development

软件开发

One of the activities of the Foundation will be to maintain a software development team with the purpose of: a) contributing to the open source code that supports the Stellar system, and b) building free, non-commercial open-source tools that advance the Foundation’s mission of expanding education and access. This will allow developers and individuals anywhere to have a baseline of code that they can start with before localizing for their own needs. The Foundation will be allowed to allocate stellars for bug bounties and other developer programs to accelerate the development and increase security of the platform on an as-needed basis. Such programs and bug bounties will be reported in the publicly released quarterly budgets.

基金会的活动之一是维护软件开发团队,其目的是,1)贡献支持恒星系统的开源代码,2)创建自由的非商业用途的开源工具,以实现基金会的使命,即增加教育和覆盖率。这也允许开发者和个人在开始本地化个人需求前有着基准代码。基金会将允许使用恒星币进行bug悬赏以及其它开发计划,以加速开发和增加平台的必要安全性。此类计划和bug悬赏都会在季度预算中公开。

Board

理事会

Initial membership of the Foundation will consist of three members, Patrick Collison, Joyce Kim, and Jed McCaleb. Initial board members are Keith Rabois, Jed McCaleb, Patrick Collison. The Board will be expanded to at least 5 members by the end of 2014. Like most nonprofits, board members and advisors get no compensation for their service in such roles.

基金会的初始成员会包括三名成员:Patrick Collison, Joyce Kim,and Jed McCaleb。初始理事会成员是Keith Rabois,Jed McCaleb,Patrick Collison。在2014年末理事会会增加到至少5名成员。和大多数非营利组织一样,理事会成员和顾问并不会为他们的服务获得报酬。

Board responsibilities

理事会职责

The responsibilities of the Board will be to set the mission and purpose of the Foundation, to select an Executive Director, to ensure adequate financial resources for the Foundation, and to ensure the ethical integrity of the Foundation.

理事会的职责是制订基金会的使命和目标,提选执行主任,确保充足的财政资源,以及确保基金会的道德操守。

Executive Director responsibilities

执行主任职责

The Executive Director will be responsible for appointment of other management positions, including but not limited to financial, operations, community, technology, etc. and the setting of salary and benefit levels for other staff. The Executive Director (“ED”) and other managers appointed by the ED will retain the right to resign at any time upon written notice.

执行主任将负责任命其它管理职位,包括而不限于财务,运营,社区,技术等职位。以及为其它员工制定薪酬与福利待遇水平。执行主任及其任命的管理职位可随时提交书面通知而辞职。

Employee compensation

员工薪酬

In order to attract and retain the best employees, the Foundation acknowledges that it must offer competitive salaries and benefits. Employee Salaries are set by the Executive Director and approved by the Board. The Executive Director salary is set by the Board. Employees will also be offered stellar bonuses, as approved by the independent members of the Board. All employees of the Foundation are on a four-year vesting schedule for their stellars.

为了吸引和优秀的员工,基金会认为有必要提供有竞争力的薪酬和福利待遇。员工的薪酬将由执行主任制定,并经由理事会批准。执行总监薪酬由理事会制定。员工会享有恒星币奖励,经理事会独立成员批准后下发。基金会的所有员工都会参与一个四年恒星币授予计划。

Continued funding of the foundation and auction

基金会持续资金和拍卖

From the original donation, 5% of the stellars were set aside to fund the operations of the Foundation. Periodically the Foundation will auction off a portion of these stellars in the operational pool to raise money for the operations of the Foundation. The auction will take place inside the distributed exchange. These will be held on an as-needed basis, though we intend to hold one of these auctions monthly. The Foundation may also receive donations from the public.

按照最初的捐赠计划,5%的恒星币被预留用作基金会的运营资金。基金会将定期拍卖部分恒星币以筹集基金会运营所需资金。拍卖将在分布式交易所内举行。拍卖将根据需要举行,同时我们计划每月举行一次。基金会同样接收公众捐款。

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