Best way to describe SEC is as Proof of Stake. Your Stake in Safe Exchange Coin will earn you from any dividends and allows you to do voting, such as was done on http://vote.safe.exchange
When we are earning from transaction fees, it will be your ownership of SEC that will determine % of earnings from the application.
Our blockchain network called Chille will accept Chi which is spent to put a contract or send a transaction across the Chille Network.
Chille API let’s any developer include their address to receive 5% of the Chi that is spent to put the contract or send the transaction. Chille will have a command line interface, but Safe Exchange Client will be a GUI wallet and exchange platform to utilize the Chille Protocol so that People could interact with Chi and the Chille Marketplace.
Therefore, Safe Exchange Client will receive 5% of the Chi spent using it, and distribute that to the Safe Exchange Coin holders.
For instance if we earned 100,000 Chi in fees for each 21470 you’d get 1 Chi, then depending on the marketprice of Chi would determine the ROI of Safe Exchange Coin.
Your Stake in SEC would allow the programs to determine your ownership of fees. Also then our proposals could include spending of developer allocated funds. There is an address with at least 1% of the SEC and it is for collecting from Fees through Safe Exchange Client and these funds can be spent via a proposal for development and maintenance of fees for the future. The % of SEC will determine your voting influence on how funds are spent and to substantiate proposal that are put forward. Probably presenting a proposal as the developer address could be weighed more for instance. Or if some person identifies themselves as the owner of some % they can represent their stake and help others understand logic and reason for some activities they may be presenting to us all. This is the embodiment of the Decentralized Board of Trade.
This way we can keep moving forward with development especially after launch when things can become autonomous by programming the governance of Safe Exchange Coin into the Safe Exchange Client.