Token Issuance and Distribution Model

GitToken software issues Ethereum tokens whenever a valid GitHub web hook event is received, corresponding to a contribution made toward a GitHub organization.

Token Supply & Inflation

All GitToken contracts are created with an initial supply of zero 0 tokens. Upon each valid contribution, the total supply of the tokens issued increases, relative to the contribution type and corresponding reward value.

Consequently, the GitToken token issuance and distribution model is continuous; and therefore its supply is inflationary.

Inflationary forces are strongest when the rate of supply increases faster than the real output of the what the per unit value represents.

Token Distribution

Tokens are issued and distributed via the rewardContributor() and _rewardContributor() contract methods

function rewardContributor(
  string _username,
  string _rewardType,
  uint _rewardBonus,
  uint _reservedValue,
  string _deliveryID
) onlyOwner public returns (bool) {
  if(!gittoken._rewardContributor(
    _username,
    _rewardType,
    _rewardBonus,
    _reservedValue,
    _deliveryID
  )) {
    throw;
  } else {
    address _contributor = gittoken.contributorAddresses[_username];
    uint _value = gittoken.rewardValues[_rewardType].add(_rewardBonus);
    Contribution(_contributor, _username, _value, _reservedValue, now, _rewardType);
    return true;
  }
}

function _rewardContributor (
  Data storage self,
  string _username,
  string _rewardType,
  uint _rewardBonus,
  uint _reservedValue,
  string _deliveryID
) internal returns (bool) {
  uint _value = self.rewardValues[_rewardType].add(_rewardBonus);
  address _contributor = self.contributorAddresses[_username];

  if(_value == 0) {
    throw;
  } else if (self.receivedDelivery[_deliveryID] == true) {
    throw;
  } else {
    self.totalSupply = self.totalSupply.add(_value).add(_reservedValue);
    self.balances[address(this)] = self.balances[address(this)].add(_reservedValue);

    if (_contributor == 0x0){
      self.unclaimedRewards[_username] = self.unclaimedRewards[_username].add(_value);
    } else {
      self.balances[_contributor] = self.balances[_contributor].add(_value);
    }

    self.receivedDelivery[_deliveryID] = true;
    return true;
  }
}

The amount of tokens issued and distributed corresponds to the type of contribution made to the GitHub repository. The following table provides the default token reward values that are associated with each GitHub web hook event.

NOTE: The following reward values are subject to change; We are still modeling token distributions and running simulated and live tests. Please refer to the GitToken.sol contract for the current default values.

Event	Reward Value	Description
*	0	Any time any event is triggered
commit_comment	250	Any time a Commit is commented on.
create	2500	Any time a Branch or Tag is created.
delete	0	Any time a Branch or Tag is deleted.
deployment	5000	Any time a Repository has a new deployment created from the API.
deployment_status	100	Any time a deployment for a Repository has a status update from the API.
fork	5000	Any time a Repository is forked.
gollum	100	Any time a Wiki page is updated.
installation	250	Any time a GitHub App is installed or uninstalled.
installation_repositories	1000	Any time a repository is added or removed from an installation.
issue_comment	250	Any time a comment on an issue is created, edited, or deleted.
issues	500	Any time an Issue is assigned, unassigned, labeled, unlabeled, opened, edited, milestoned, demilestoned, closed, or reopened.
label	100	Any time a Label is created, edited, or deleted.
marketplace_purchase	0	Any time a user purchases, cancels, or changes their GitHub Marketplace plan.
member	1000	Any time a User is added or removed as a collaborator to a Repository, or has their permissions modified.
membership	1000	Any time a User is added or removed from a team. Organization hooks only.
milestone	15000	Any time a Milestone is created, closed, opened, edited, or deleted.
organization	1000	Any time a user is added, removed, or invited to an Organization. Organization hooks only.
org_block	0	Any time an organization blocks or unblocks a user. Organization hooks only.
page_build	500	Any time a Pages site is built or results in a failed build.
ping	2500	Any time a web hook is configured.
project_card	250	Any time a Project Card is created, edited, moved, converted to an issue, or deleted.
project_column	50	Any time a Project Column is created, edited, moved, or deleted.
project	1000	Any time a Project is created, edited, closed, reopened, or deleted.
public	10000	Any time a Repository changes from private to public.
pull_request_review_comment	250	Any time a comment on a pull request's unified diff is created, edited, or deleted (in the Files Changed tab).
pull_request_review	100	Any time a pull request review is submitted, edited, or dismissed.
pull_request	1000	Any time a pull request is assigned, unassigned, labeled, unlabeled, opened, edited, closed, reopened, or synchronized (updated due to a new push in the branch that the pull request is tracking). Also any time a pull request review is requested, or a review request is removed.
push	1000	Any Git push to a Repository, including editing tags or branches. Commits via API actions that update references are also counted. This is the default event.
repository	2500	Any time a Repository is created, deleted (organization hooks only), made public, or made private.
release	5000	Any time a Release is published in a Repository.
status	200	Any time a Repository has a status update from the API
team	2000	Any time a team is created, deleted, modified, or added to or removed from a repository. Organization hooks only
team_add	2000	Any time a team is added or modified on a Repository.
watch	100	Any time a User stars a Repository.