1: Tokens
[Establish] token exchange systems. Other Information:
Token Exchange System. Tokens are a local electronic currency. Their volume and circulation rate are managed so as to maintain
a steady purchasing power over time—tokens are designed to be free of deflation and inflation. The token system generates
interest-free loans for local businesses, as well as donations for local schools, nonprofits, and public services. Both loans
and donations occur through a mandatory crowdfunding operation. Members must use a certain percentage of incoming tokens as
interest-free loans and as donations to support the organizations of their choosing. Further, a negative interest rate is
applied to tokens that are stored too long in a member’s account. This encourages members to spend tokens on goods and services,
or to store them in loan portfolios. A trading system allows retrieval of tokens from loan portfolios when additional tokens
are needed.
Indicator(s):
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