Global Income Coin budgetting

	A	B	C	D	E	F	G	H	I	J	K	L
1	Datum	Value		Comment
2	Funding	$25,000,000		Funding added to the reserves of the Global Income Coin Foundation as working capital for market interventions.
3	Airdrop/person/week	$7		This amount's worth of GLO is what we'll distribute as basic income to every verified human (maximally, assuming GLO = $1)
4	Aidrop/person/year	$365
5	Enthusiast pledge	10%		How much of their post-tax USD income the average GLO enthusiast converts to GLO
6	Enthusiast avg income	$31,133		Based on average US income (2019). (We're not limited to the US, just using it as a rough estimate)
7	Enthusiast tax rate	50%		Rough estimate of tax rate
8	Enthusiast yearly purchase	$1,557		Given income, tax rate, and pledge percentage, the amount of USD the average enthusiast will spend on purchasing GLO on a yearly basis
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11			How many verified humans can we support in a year, keeping GLO completely stable at 1%, given the amount of funding in the reserves?
12			X = sell-off rate: what % of airdropped GLO do (non-enthusiast) humans on average sell for USD? This leads to supply / sell pressure.
13			Y = enthusiast conversion rate: what % of verified humans get excited about the mission of Global Income Coin and start actively purchasing it?
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15				sell-off rate
16				20%	30%	40%	50%	60%	70%	80%	90%	100%
17		enthusiast conversion rate	0%	342,466	228,311	171,233	136,986	114,155	97,847	85,616	76,104	68,493
18			2%	618,705	328,183	223,320	169,243	136,249	114,021	98,029	85,971	76,554
19			4%	3,199,386	583,376	320,949	221,368	168,949	136,602	114,650	98,778	86,765
20			6%	inf	2,623,020	570,242	319,894	222,299	170,333	138,060	116,068	100,120
21			8%	inf	inf	2,554,148	576,462	324,895	226,187	173,481	140,696	118,333
22			10%	inf	inf	inf	2,912,056	603,355	336,542	233,350	178,591	144,647
23			12%	inf	inf	inf	inf	4,221,547	657,168	356,318	244,422	186,009
24			14%	inf	inf	inf	inf	inf	13,896,609	753,262	387,123	260,501
25			16%	inf	inf	inf	inf	inf	inf	inf	930,198	434,511
26			18%	inf	inf	inf	inf	inf	inf	inf	inf	1,308,695
27			20%	inf	inf	inf	inf	inf	inf	inf	inf	inf
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29			Green cells: theoretically the number of humans that can be supported here is infinite, since each added human is "net demand positive" on average
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31			Interpretation example
32			In the very worst case, not a single person becomes GLO enthusiast and everyone who receives GLO airdrops sells all of it for USD.
33			Now we can support		68,493	humans, keeping GLO = $1 for a year
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35			Note that in reality, we won't keep GLO = $1, which would mean very agressive interventions without a limit on reserves spending.
36			Instead, we'll put some cap on daily reserve spending (e.g. 1%) and allow the exchange rate of GLO to fall instead if demand is low.
37			This means in reality we'll be able to add more humans to Global Income Coin than this table suggests (or support the indicated number of humans for longer than a year).
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39			Sell-off rate: the sell-off rate will get lower as the GLO ecosystem develops (i.e. more businesses accept GLO for payments, more payment services are built, etc)
40			The reason is that this gives GLO-receiving humans the option to spend their GLO for goods and services rather than sell it. It increases the utility of the currency, so there's less reason to cash out for fiat.
41			We're assuming in the beginnning, about 70% will be sold and 30% will be kept on balances to be spent later.
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43			Value created:
44			If we keep the value of GLO=$1 while airdropping $7 worth of GLO to 114,021 people, we've created 114,021*$365 = $41.6m worth of GLO
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