Powering Your Communities
The Problem: All major crypto-currencies today are global. They require global consensus about every transaction made. They have one global currency that all participants must use. They do not adapt the needs of local communities.
How Blockchain Works: All transactions in the world. With global consensus, transaction volume is capped by what the global network can handle. The currency and smart contract platform is one-size- fi ts-all.
The Solution: Intercoin is architected like the internet. It enables local networks to control their own platform. Fiat Crypto Communities Micropayments
How Intercoin Works: Detroit Bucks Community CASH IN CASH OUT Berk Shares Community Local transactions do not need to be included in an ever-growing global ledger. Allows local currencies to circulate locally. People use intercoin to make global payments between communities.
Intercoin aims to bring about real social change by empowering communities of all kinds to better serve the needs of their members. Harvard Coins Detroit Coins Navajo Coins IBM Coins ChessClub Coins Dollars Bitcoins Euros
How Intercoin Helps We help communities run their own social apps and issue their own currency as easily as running a blog on Wordpress. Intercoin then provides the liquidity between any currency pairs, enabling seamless global payments across communities.
The Mac brought user-friendly computing to people and organizations, with a GUI, fonts, mouse, laser printer, desktop publishing, and great new apps built on top of it.
Intercoin brings user-friendly crypto to people and organizations, with Governance, Local CPI, Basic Income, Fundraising, and great new apps built on top of it.
Local CPI, Governance and Basic Income Merchants tag their transactions 100% Provability with categories such as “food". Random Poll: 50% Percentage of Medium Spend Every day, the local network 0% calculates the median amount X spent on each category and 30 Consumer Price presents a report. Index Report: 20 Percentage of Medium Spend 10 Members are randomly polled Shortage as to what level of Basic Income should be issued as a fraction 16 New Coins Issued to of X. all Community 9 members for “food” 2 Other examples of community decision making are possible.
People can manage their identity across communities, and choose who to share their id and data with. New York Columbia University University John Smith User ID: User ID: #c7931245 #a12z395 Friends IDs: Friends IDs: #c215123 #ab127937 #23abc52 #532abcd9 #23qbcz5 People store private keys on their own devices. No passwords needed.
Communities can never run out of their own currency. Restaurant Publisher Detroit New York Community Community Barbershop Tutor Chef Writer Barber Hair Salon Tutor Hair Salon It circulates within the community, until redeemed for Intercoin during global payments.
Sound money. Individual choice. True democracy. Issue Money Cash Out Detroit John Liz Bob Bob James Jane Harvard Moving Money z z Intercoin Reserves Intercoin Reserves Between Communities Exchanges / Market Makers Intercoin allows communities to make truly democratic decisions about their own monetary and fi scal policies. To ensure that anyone can always cash out, Intercoin is kept on reserve to back the community's currency. Decisions to cash in or out to any external currency are made on an individual level and fetch the best possible rate.
Powering all kinds of communities Towns Universities Cruises Companies Nonpro fi ts Many more apps are possible. Far beyond smart contracts. Intercoin is growing a platform for local fi ntech innovation inside entire communities. Its market cap is the size of all the community economies that are created backed by Intercoin.
For detailed info, feel free to view our white paper here. or visit intercoin.org
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