Parties
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1. The name of this contract is the Vote Market II.
2. The Brokor is a role. Its holder must issue reports as if it were an office. Its holder is responsible for maintaining the Vote Market.
Initially the Brokor is coppro, it may subsequently be changed by announcement without objection from any party to this contract.
3. The Brokor's monthly report shall contain a record of every change in VP in the last 90 days. The Brokor's weekly report shall contain the status of every Buy or Sell Ticket for which the status has changed since the previous report, the report he is required to issue as recordkeepor of VP, and the identity of the Bank.
4. Vote Points (VP) are a currency used in the Vote Market II. A party CANNOT take an action that would cause the VP of any entity to be reduced below zero. The Broker is the recordkeeper of VP.
5. At any time a party CAN post a Sell Ticket by announcement. A Sell Ticket must include:
- A description of an action that the party is able to take.
- A cost in one or more currencies (typically VP), which may be conditional or variable as long as it can be determined with certainty when that ticket is filled.
- Optionally a set of target parties. If not specified, this defaults to the set of all parties to the Vote Market II. Only parties designated as targets may fill a ticket.
A Buy Ticket expires and ceases to exist if it becomes impossible for any party to perform the specified action.
If it becomes impossible for the party to perform the specified action, the Sell Ticket expires and ceases to exist.
6. Any party other than the ticket's poster CAN fill an existing Sell Ticket by announcement. When e does so, a number of the specified
currency or currencies equal to that Sell Ticket's specified cost is transferred to the party who posted the Sell Ticket.The party who posted
the Sell Ticket is then obligated to take the action described in the Sell Ticket as soon as possible. However, if for any reason during the
48 hours following the filling of a Sell Ticket it becomes impossible for the party who posted the Sell Ticket to perform the specified action
then e is released from such obligation. When a Sell Ticket is filled, it expires and ceases to exist.
7. At any time a party CAN post a Buy Ticket by announcement. A Buy Ticket must include:
- A description of an action
- A cost in one or more currencies (typically VP), which may be conditional or variable as long as it can be determined with certainty when that ticket is filled
- Optionally a set of target parties. If not specified, this defaults to the set of all parties to the Vote Market II. Only parties designated as targets may fill a ticket.
A Buy Ticket expires and ceases to exist if it becomes impossible for any party to perform the specified action.
8. Any party other than the ticket's poster CAN fill an existing Buy Ticket by announcement. When e does so a number of the specified currency or currencies equal to that Buy Ticket's specified cost is transferred to the filling party. The filling party is then obligated to take the action specified by the Buy Ticket as soon as possible. A Buy Ticket that has been filled expires and ceases to exist unless otherwise specified by its poster.
9. Any player may join the Vote Market II by announcement. Upon a first-class player joining the Vote Market II, 50 VP are created in the possession of that player.
10. Any party with 50 or more VP may cease to be bound by the Vote Market II by announcement. Upon such an announcement 50 VP help by that entity are destroyed; the remainder are transferred to the Bank. A party CANNOT cease to be party to this agreement by any other means. Regardless of the above, no party may cease to be bound by this agreement if that party has an unfulfilled obligation imposed upon them by this agreement.
11. Any party may amend this contract without three objections or without party objection. Any party may act on behalf of this contract without three objections or without party objection.
12. The Grace Period is a number of days determined by a person's status within the contract Airstrip One and is determined as follows:
Marine - 45 days
Pilot - 75 days
Captain - 90 days
Other or undetermined - 60 days
When the average VP of a first-class party is less than 50 over the course of the most recent period of days equal to their Grace Period they are Indebted. An Indebted active player MUST for each distribution of proposals vote SELL (2VP) on at least half of those proposals. Such an average must only track each change in VP with an accuracy of plus or minus 12 hours.
13. For the purposes of Buy and Sell Tickets, if the specified action is to vote in a certain manner on an Agoran decision, a party only fills eir obligation to take the specified action if eir valid votes at the end of that decision's voting period are in the manner described in the ticket. In particular, the number of such votes shall equal eir voting limit on that decision, unless both parties agree on a lower limit no later than the time the ticket is filled.
14. As it's cost a Buy or Sell Ticket may specify the word "AUCTION". At any time, a target party may place a bid on a Ticket with a cost of AUCTION by announcement. Such a bid should specify an amount of currency (or currencies). At any time the poster of a Ticket with a cost of AUCTION may accept any bid on that Ticket which has not been retracted. The currency (or currencies) specified in that bid become the Cost of the Ticket, and the party who placed that bid becomes the filler of that ticket.
15. SELL (X - Y), when used instead in place of a vote on an Agoran Decision, means that the poster creates a Sell Ticket with a cost of X. The filler of the ticket may act on behalf of the poster to vote on the decision; any set of votes issued by the filler on behalf of the poster satisfy section 12. SELL(X) is shorthand for SELL(X - PRESENT).
16. A player may terminate an open Buy or Sell Ticket e posted by announcement.
17. The Bank is an entity specified by this contract. Any party may change the identity of the Bank without member objection. If the Bank ceases to be either a player or a contract whose basis contains at least one player, or there would otherwise be no Bank, or the Bank becomes a party to this contract, this contract becomes the Bank. When the Bank is changed, all VP owned by the old Bank are transferred to the new one, less 50 if the Bank was changed by virtue of it becoming a party to this contract.
