SEEDS Glossary

Glossary of Terms

Allies

Organisations, platforms and movements that have aligned with SEEDS and will accept Seeds and promote SEEDS. Some partners will offer discounts and other gifts to the Residents and Citizens of SEEDS.

Better-Than-Free

Accounts build their Contribution Score (and increase their Harvest) through transacting as opposed to being charged fees. So, not only are transactions free, but they are “better-than-free” because you can earn more Seeds for engaging in and supporting the Seeds marketplace.

Burning

A process in which Seeds are destroyed and removed from the ecosystem.

Campaigns

Promotions for giving Seeds to our community and rewarding people for being part of the creation of a healthier society. From planting seeds to doing good deeds, people earn Seeds.

Circulating Supply

The supply of Seeds that are available for exchanging and trading. i.e. Seeds that are not Planted, in the Seed Bank or other system accounts.

CConscious Currency

A currency that is evolvable (pseudo consciousness) and goes towards healing, regeneration and other activities that are for the wellbeing of all life (conscious).

Constitution

The document outlining the rules, intention and agreements of the SEEDS ecosystem. This document, once ratified, is only changed through decentralized governance and is referenced when conducting arbitration or making protocol upgrades.

Contribution/Contribution Score

This score is the combined total of all other scores (Planted Seeds Score, Transaction Score, Reputation Score, Community Building Score, etc.) that make up an account’s total contributions.

Council

A distinction for those who secure and apply evolutions to the network. Similar to 'witnesses' and 'block producers', from other networks.

Cryptocurrency

A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

Delegate

An action of entrusting another account with directing your Trust Tokens.

Delegatee

One who receives the delegation of Trust Tokens from another Citizen.

Delegator

One who delegates their Trust Tokens to another Citizen.

DHO Global (G-DHO) - Global Decentralized Holonic Organisation

The G-DHO is a single account that’s managed by all the Citizens of SEEDS. It is the owner of the SEEDS contracts and through decentralized governance by the citizens of SEEDS can upgrade contracts, change parameters and distribute funds for global initiatives.

DHO Regional (R-DHO) - Regional Decentralized Holonic Organisation

The R-DHO is the regional equivalent to the G-DHO. Each Citizen belongs to a R-DHO for their local community. This is used to finance local projects and evolve local governance processes.

Exchanges (as in 'Buy Seeds on exchanges')

Seeds may be offered up for exchange on a number of platforms that facilitate the conversion and trade of a wide variety of assets. You can buy and sell Seeds on these exchanges.

Fiat Currency

The government-issued currency that is not backed by a physical commodity, such as gold or silver.

Global Passport

“SEEDS Global Passport” is a mobile application for accessing SEEDS. If SEEDS is the internet, the Passport is but a single site on it. Other methods for accessing SEEDS already exist (such as the Light Wallet). The Passport is meant to offer the tools for people to create “Minimum Viable Societies” and use this application to create a foundation for new and regenerative global civilizations.

Governance

The process of direct, transparent and quantifiable impact in the evolution of all rules, protocols and value distribution of SEEDS.

Growing

The term used to describe the minting process of generating new Seeds. At the same time, Bitcoin uses an energy-intensive “mining” process. Eosio (the protocol under SEEDS) is 64000 times more energy efficient as it uses a different protocol to Bitcoin to secure the network. eosio2 which came out at the beginning of 2020 is an additional 16 times more efficient.

Harvest

The process by which new Seeds are algorithmically created and distributed to the whole ecosystem. The “Harvest” produces the new Seeds that participants earn for contributing to SEEDS.

Money

Money is said to have three primary characteristics: 1. Store of value 2. Unit of account 3. Medium of exchange Seeds aim to optimise money by making it a better unit of account - by creating a more stable currency - and medium of exchange - by creating “better-than-free” methods to exchange money.

National Currency Liquidity

A national currency is a legal tender issued by a country's central bank or monetary authority, for example, USD, GBP, AUD. Liquidity refers to the availability of cash or cash equivalents to meet short-term operating needs. In other words, liquidity is the amount of liquid assets that are available to pay expenses and debts as they become due.

Peer-to-Peer Exchanges

Where the people of SEEDS exchange their various currencies directly with each other as opposed to through centralized exchanges. I.e. Bob can trade Joe 100 USD for 100 Seeds by sending Joe 100 USD directly to his bank account. This is mediated by escrowed smart contracts.

Planted Seeds

Staked, locked away, similar to a “term deposit”. When Seeds are Planted, accounts restrict their access to them in exchange for a higher Contribution Score and increased bandwidth for transactions. This ensures that people who are using the network are financially committed to the network.

Player

Any account within SEEDS is considered a Player. This is the term that comprises Visitors, Residents and Citizens.

Proof of Stake (PoS)

A protocol of block verification based on how many coins the account holds. This system solely rewards those who have the currency based on how much currency that user has. PoS systems give the most voice and rewards (harvest) to those with the most money. Proof of Work (PoW) A protocol of block creation based on processing power (work). This is the basis of ‘mining’.

Reputation

Points that accounts earn for participating in governance, maintaining trust, and other ways of contributing to SEEDS. The reputation of an account goes from 0-2 and acts as a multiplier to the rest of the Contribution Scores. This means that if an account has a 0 reputation, then it will earn no rewards - regardless of the other scores. Likewise, if an account has a reputation score of 2, it will earn double the rewards it would have - if it maintained a reputation of 1 (which is the mean).

SEEDS

Name of the protocols, accounts and smart contracts that make up the open-source code-base and ecosystem. Used interchangeably with ‘network’.

Seeds

Name of the currency used by the SEEDS Ecosystem. Divisible to four decimal points. Use interchangeably with ‘token’.

Seed Bank

A part of SEEDS - a series of banking contracts that fulfil many functions of legacy banks to offer a variety of financial services, such as CDP’s (collateralized debt positions), decentralized monetary policy and more. Sow (as in 'Sow your Seeds') You “Sow Seeds” when you invite new people to join SEEDS by sending them Seeds. If they become Residents and Citizens, you earn more Seeds, which may be greater than the number of Seeds you sowed to invite them. In this way, it’s very much like sowing seeds - where some seeds may not sprout to bear fruit, while those that do return your seeds in greater abundance. By requiring people to send their Seeds to invite another person, you’re invested in that person becoming a Resident, and you’re limited in how many invites you can send.

Tokens

A cryptographically secured digital representation of a set of rights, including smart contracts, provided on a digital platform.

Total Supply

The total amount of Seeds in existence at the moment, minus any coins that have been verified as burned.

Trust Token

SEEDS decouples equity tokens and Trust (voice) tokens. In today’s dominant paradigm “money talks” and simply by virtue of having money, one could buy up a majority voice in any organisation. This is true of many crypto-projects as well. If we’re to build a system that can’t be co-opted or corrupted by our dominant paradigm, we cannot allow legacy value to buy governance in SEEDS. For this reason, Seeds are not what is counted when weighing voice, but rather the number of Trust Tokens an account has earned. Trust is earned through participation and contribution, where money committed is but one metric and not the whole story.

Unity (Consensus)

The threshold of agreement that needs to be reached for a proposal or referendum to pass.

Visitor/Resident/Citizen

SEEDS uses nomenclature and models found in our legacy nation-states to ease the transition into SEEDS - further, many functions of our societies today play important roles that can be remodelled to serve us better. One of those functions is the process by which a person can join a new society (or nation-state). The barrier to become a Visitor is extremely low, allowing you to come and experience what SEEDS can offer. When you become a Resident, you begin earning a Harvest and increase your allocated transaction volume based on how many Seeds you have planted. After you gain your citizenship, you unlock further abilities to increase your Harvest and begin earning Trust Tokens to participate in governance.

Wallet

Wallets hold the private keys that control your assets. Many applications have a wallet built in, where you’re able to transfer and control all your SEEDS assets.