From Verus discord #pbaas-development
miketout04/14/2019
The general flow is this:
1. The initiator of the PBaaS chain can define a chain and currently defines a billing period for notarization as well as an initial payment for notarization as well as all parameters, schedules, etc. for the chain to run.
2. There is a period, not yet implemented, after that and before the starting block of the chain, where people can fund the chain through a transaction that will do one of two things... a) go to the chain initiation address in exchange for a pre-sale, which can be converted on the chain after it starts, or b) go into a chain reserve (this is the feature I have not spoken much about) and be used as a reserve for a Bancor-style fractional reserve currency, exchangeable on the PBaaS chain itself for Verus and vice versa. Reserve currency support will be added after the test chains are running and where the first step will allow people to offer currency for sale as part of the premine/presale, the reserve su