Community Currency


 

The Earth Dollar will be one of the world’s largest private
community currencies and is the principal currency of the
new alternative Living Economic System. Only members of
the Swiss-Based Earth Dollar Association and the allies
aligned with the Mother Earth Constitution can use the
Earth Dollar. Membership to join the association is free
and anyone can join.

7

 

Community Currency


 

The Earth Dollar will be one of the world’s largest private community currencies and is the principal currency of the new alternative Living Economic System. Only members of the Swiss-Based Earth Dollar Association and the allies aligned with the Mother Earth Constitution can use the Earth Dollar. Membership to join the association is free and anyone can join.

7

INTRODUCING THE EARTH DOLLAR COMMUNITY CURRENCY

 

The Earth Dollar is classified as a Community Currency for socially conscious communities. Community currencies like the Earth Dollar are a sub-group of so-called complementary or alternative currencies – which are so termed because they function complementarily to a major currency, providing an additional money supply. 

Currencies like the Earth Dollar support socially conscious retailers and members to build a sense of community. 

The Earth Dollar is different from Bitcoin, and fiat currencies. Although the Earth Dollar uses decentralized blockchain technology, it is classified as a “community currency” that is private, asset-backed, and carbon-negative.

The Earth Dollar is a community currency that corresponds to a Sponsorship Certificate representing your commitment to living in harmony with the Earth, including protecting, restoring and revitalizing the Earth (including restoring the climate – aka Natural Capital Assets). By simply holding and using the Earth Dollar, you are participating as a socially conscious community member in the Living Economy.

The Earth Dollar can be used in parallel with national currencies to transform and release the socially conscious community’s full potential.

While most community currencies are usually not convertible into another currency, the Earth Dollar will be convertible into other national currencies and cryptocurrencies through currency exchanges.

Private community currencies like the Earth are distinguished by their aim to “support and build more equal, connected and sustainable societies” for a specifically defined group. 

The Earth Dollar’s defined groups of users are socially conscious people and organizations, including charities, non-profit organizations, Cultural Creatives, social activists, climate activists, environmentalists, indigenous peoples, organic food advocates, wildlife protectors, etc.

“The Earth Dollar gives members a chance to ‘earn’ income through good deeds like charity work and plant trees – which will help people flourish in places and at times where many people may be jobless or lack economic opportunity.”

The Earth Dollar is a good way for grassroots people to thrive in times of economic hardships caused by COVID19 lockdowns and the tough austerity measures that were imposed in many of the world’s countries.

 

INTRODUCING THE EARTH DOLLAR COMMUNITY CURRENCY

 

The Earth Dollar is classified as a Community Currency for socially conscious communities. Community currencies like the Earth Dollar are a sub-group of so-called complementary or alternative currencies – which are so termed because they function complementarily to a major currency, providing an additional money supply. 

Currencies like the Earth Dollar support socially conscious retailers and members to build a sense of community. 

The Earth Dollar is different from Bitcoin, and fiat currencies. Although the Earth Dollar uses decentralized blockchain technology, it is classified as a “community currency” that is private, asset-backed, and carbon-negative.

The Earth Dollar is a community currency that corresponds to a Sponsorship Certificate representing your commitment to living in harmony with the Earth, including protecting, restoring and revitalizing the Earth (including restoring the climate – aka Natural Capital Assets). By simply holding and using the Earth Dollar, you are participating as a socially conscious community member in the Living Economy.

The Earth Dollar can be used in parallel with national currencies to transform and release the socially conscious community’s full potential.

While most community currencies are usually not convertible into another currency, the Earth Dollar will be convertible into other national currencies and cryptocurrencies through currency exchanges.

Private community currencies like the Earth are distinguished by their aim to “support and build more equal, connected and sustainable societies” for a specifically defined group. 

The Earth Dollar’s defined groups of users are socially conscious people and organizations, including charities, non-profit organizations, Cultural Creatives, social activists, climate activists, environmentalists, indigenous peoples, organic food advocates, wildlife protectors, etc.

“The Earth Dollar gives members a chance to ‘earn’ income through good deeds like charity work and plant trees – which will help people flourish in places and at times where many people may be jobless or lack economic opportunity.”

The Earth Dollar is a good way for grassroots people to thrive in times of economic hardships caused by COVID19 lockdowns and the tough austerity measures that were imposed in many of the world’s countries.

 

THE IMPORTANCE OF THE EARTH DOLLAR COMMUNITY CURRENCY

 

In modern society, the money supply in circulation serves three functions: unit of account, means of exchange, and store of value. The Earth Dollar has all these features. Here are some more functions and reasons for you to use the Earth Dollar: 

 

  1. The Earth Dollar’s most important function is to introduce and promote a grass-roots movement toward an alternative Living Economy that generates new wealth, prosperity, and abundance by keeping fossil fuels in the ground and by protecting, restoring, and revitalizing the Earth. This movement can help transition the world from an extractive economy to a green, regenerative, and Living Economy that is the opposite of our existing systems.  

     

  2. Another important function of the Earth Dollar is to provide additional funding and liquidity to fulfill the Sustainable Development Goals. The United Nations stated that they need $100 trillion in additional funding to fulfill the Sustainable Development Goals and there is a shortage of funding and liquidity to achieve the SDGs. The Earth Dollar is unleashing up to $5.28 trillion in initial funding to tackle the Enhanced Sustainable Development Goals, including restoring the climate to pre-industrial levels and ending global poverty. The Earth Dollar addresses the limitations of using only debt-based fiat national currencies to fulfill the SDGs. Countries already debt-burdened by the economic impact of COVID19 and higher food/fuel prices cannot ask the taxpayers to take on more debt to fulfill the SDGs.  

     

  3. It rewards people for social good, such as helping volunteer at charities, cleaning up beaches, buying organic foods, helping their neighbors, etc.  

     

  4. It helps to slow down our wealth and energy from being drained out of disadvantaged communities, socially conscious communities, non-profit organizations, and charities into remote banks and multinationals that may be destroying the Earth.  

     

  5. It ensures that money circulates into socially conscious companies like organic food companies, green companies, etc. going to socially conscious people and socially conscious businesses, serving and regenerating the socially conscious community.  

     

  6. It builds connection, support, and trust between people in the socially conscious community, enhancing community spirit – very valuable where the community has been breaking down.  

     

  7. It promotes resilience in the socially conscious community, protecting it against the destructive instability of the global markets and the conventional currency system.  

     

  8. It reduces your ecological footprint by just using the Earth Dollar, as well as supporting socially conscious businesses, which will be more accountable to the community.  

     

  9. It encourages us to think more about our purchases and who the Earth Dollar currency is benefitting so that we can make better economic choices.  

     

  10. It promotes creativity and resourcefulness in the local community, utilizing and developing our untapped skills, enthusiasm, and potential—even when austerity is called for in the national and global economies.  

     

  11. It is fully inclusive of the socially conscious community, enabling people who would otherwise be marginalized or trapped in poverty and unemployment to integrate and participate in the socially conscious Living Economy.

THE IMPORTANCE OF THE EARTH DOLLAR COMMUNITY CURRENCY

 

In modern society, the money supply in circulation serves three functions: unit of account, means of exchange, and store of value. The Earth Dollar has all these features. Here are some more functions and reasons for you to use the Earth Dollar:   

  1. The Earth Dollar’s most important function is to introduce and promote a grass-roots movement toward an alternative Living Economy that generates new wealth, prosperity, and abundance by keeping fossil fuels in the ground and by protecting, restoring, and revitalizing the Earth. This movement can help transition the world from an extractive economy to a green, regenerative, and Living Economy that is the opposite of our existing systems.   
  2. Another important function of the Earth Dollar is to provide additional funding and liquidity to fulfill the Sustainable Development Goals. The United Nations stated that they need $100 trillion in additional funding to fulfill the Sustainable Development Goals and there is a shortage of funding and liquidity to achieve the SDGs. The Earth Dollar is unleashing up to $5.28 trillion in initial funding to tackle the Enhanced Sustainable Development Goals, including restoring the climate to pre-industrial levels and ending global poverty. The Earth Dollar addresses the limitations of using only debt-based fiat national currencies to fulfill the SDGs. Countries already debt-burdened by the economic impact of COVID19 and higher food/fuel prices cannot ask the taxpayers to take on more debt to fulfill the SDGs.   
  3. It rewards people for social good, such as helping volunteer at charities, cleaning up beaches, buying organic foods, helping their neighbors, etc.   
  4. It helps to slow down our wealth and energy from being drained out of disadvantaged communities, socially conscious communities, non-profit organizations, and charities into remote banks and multinationals that may be destroying the Earth.   
  5. It ensures that money circulates into socially conscious companies like organic food companies, green companies, etc. going to socially conscious people and socially conscious businesses, serving and regenerating the socially conscious community.   
  6. It builds connection, support, and trust between people in the socially conscious community, enhancing community spirit – very valuable where the community has been breaking down.   
  7. It promotes resilience in the socially conscious community, protecting it against the destructive instability of the global markets and the conventional currency system.   
  8. It reduces your ecological footprint by just using the Earth Dollar, as well as supporting socially conscious businesses, which will be more accountable to the community.   
  9. It encourages us to think more about our purchases and who the Earth Dollar currency is benefitting so that we can make better economic choices.   
  10. It promotes creativity and resourcefulness in the local community, utilizing and developing our untapped skills, enthusiasm, and potential—even when austerity is called for in the national and global economies.   
  11. It is fully inclusive of the socially conscious community, enabling people who would otherwise be marginalized or trapped in poverty and unemployment to integrate and participate in the socially conscious Living Economy.

THE UTILITY OF THE EARTH DOLLAR

Some of the initial main utility applications are:

  • Living Economic System: the Earth Dollar is used as digital-gas to access DApps, Smart Contracts and the Natural Capital Accounting System of the new alternative Living Economic System which tracks, tokenizes, insures, monetizes and protects Natural Capital Assets and other asset classes.
  • Track Climate Change: the Earth Dollar in conjunction Living Economic System is used to track greenhouse gas emissions worldwide, track climate change and also manage carbon credits. The Earth Dollar rewards weather stations and oracles automatically for participating in tracking climate change.
  • Mother Earth Supercomputer: the Earth Dollar is used to purchase decentralized CPU Power, GPU Power, and storage space on the Mother Earth Supercomputer (& Blockchain) for decentralized real-time gaming, telecommunications, hosting the Metaverse, IoT, video streaming services and more. The Mother Earth Supercomputer (& Blockchain) cannot run without the Earth Dollar.
  • Cross-chain Transactions: the Earth Dollar is used to pay for cross-chain transactions on the Bitcoin Nodes, the Ethereum Nodes, the Dogecoin Nodes and other blockchain nodes without leaving the Earth Dollar Ecosystem.
  • Nifty Token Platform: the Earth Dollar is the principal exchange currency of the Nifty Token Platform and works in conjunction with the Nifty Token. The Earth Dollar can be used to mint, buy, sell, trade and exchange NFTs. The Nifty Token Platform provides an easy-to-use NFT creation platform and marketplace called the Nifty Token Platform for members to fund and promote creativity as a means to help end global poverty, to help starving artists, and to empower creators.
  • The City of Atlantis, LV: the City of Atlantis, LV is a “Decentralized Autonomous City” being built near Las Vegas that runs on the Mother Earth Supercomputer (& Blockchain). The Earth Dollar is the principal currency of the City of Atlantis and is legal tender for business transactions in the city, and for the payment of municipal services and taxes.
  • Project Avalon: the Earth Dollar is the principal exchange currency for a new decentralized socially conscious social network (similar to Facebook) that will run on the Mother Earth Supercomputer (& Blockchain) in which creators own their content and information via NFTs.
  • The Atlantis Metaverse: the Earth Dollar is the principal exchange currency of the Atlantis Metavese and people can use the Earth Dollar to build, buy, sell, trade and develop digital real estate and assets.
  • The World Basic Income Program: the Earth Dollar is the principal currency of the World Basic Income Program, and will be paid to millions of members who support the Mother Earth Constitution.

  • The Atlantis Exchange / The Avalon Exchange: the Earth Dollar is the principal exchange currency for these digital Natural Capital Assets exchanges and commodity exchanges. All transactions conducted inside these exchanges will be in Earth Dollars.
  • VIP Privileges: the Earth Dollar will be used to pay for selected VIP Privileges and experiences like front row seats at concerts and events, art openings, group insurance, group purchase of products, discounts at venues and shops, and more.
  • Projects and Voting: the Earth Dollar used to fund projects for Earth Dollar (staked) members and also allows for voting on projects to be funds. The assets from the projects back the value of the Earth Dollar.
  • The Atlantis Earth Expo: the Earth Dollar is the principal exchange currency of the Atlantis Earth Expo and all transactions conducted inside the Atlantis Earth Expo will be in Earth Dollars.
  • Staking: The Earth Dollar is used for staking on the Master Nodes, Regular Nodes, and Mobile Nodes of the Mother Earth Supercomputer as a way to encourage good behavior and honesty by the validation network. The Mother Earth Supercomputer uses “Proof-of-Utility” for consensus by encouraging members to contribute actively to the network, improving connectivity, data handling, bandwidth, improving network connectivity, being online for an extended period, expanding the number of peer-to-peer connections, and ensuring high data rates, etc., along with staking Earth Dollars (proof-of-stake reduces the difficulty of computing the hash according to the number of Tokens held).
  • Access: The Earth Dollar is the currency of various brick-and-mortar communities and online communities. The Earth Dollar will be the local currency of the City of Atlantis, an upcoming 200,000 population futuristic city built near Las Vegas. The Earth Dollar is also the common exchange currency to access products and services of the following communities, games, and tokens such as the Ascended Community, the Ascendia Community, Ascended XR, New Earth Project (Sacha Stone), Earth Defenders, SheCoin Community, Free Nations, Nifty Token Platform, New Earth Now, EarthUSD, Justice Token, Delphi Village, etc.

THE UTILITY OF THE EARTH DOLLAR

Some of the initial main utility applications are:

  • Living Economic System: the Earth Dollar is used as digital-gas to access DApps, Smart Contracts and the Natural Capital Accounting System of the new alternative Living Economic System which tracks, tokenizes, insures, monetizes and protects Natural Capital Assets and other asset classes.
  • Track Climate Change: the Earth Dollar in conjunction Living Economic System is used to track greenhouse gas emissions worldwide, track climate change and also manage carbon credits. The Earth Dollar rewards weather stations and oracles automatically for participating in tracking climate change.
  • Mother Earth Supercomputer: the Earth Dollar is used to purchase decentralized CPU Power, GPU Power, and storage space on the Mother Earth Supercomputer (& Blockchain) for decentralized real-time gaming, telecommunications, hosting the Metaverse, IoT, video streaming services and more. The Mother Earth Supercomputer (& Blockchain) cannot run without the Earth Dollar.
  • Cross-chain Transactions: the Earth Dollar is used to pay for cross-chain transactions on the Bitcoin Nodes, the Ethereum Nodes, the Dogecoin Nodes and other blockchain nodes without leaving the Earth Dollar Ecosystem.
  • Nifty Token Platform: the Earth Dollar is the principal exchange currency of the Nifty Token Platform and works in conjunction with the Nifty Token. The Earth Dollar can be used to mint, buy, sell, trade and exchange NFTs. The Nifty Token Platform provides an easy-to-use NFT creation platform and marketplace called the Nifty Token Platform for members to fund and promote creativity as a means to help end global poverty, to help starving artists, and to empower creators.
  • The City of Atlantis, LV: the City of Atlantis, LV is a “Decentralized Autonomous City” being built near Las Vegas that runs on the Mother Earth Supercomputer (& Blockchain). The Earth Dollar is the principal currency of the City of Atlantis and is legal tender for business transactions in the city, and for the payment of municipal services and taxes.
  • Project Avalon: the Earth Dollar is the principal exchange currency for a new decentralized socially conscious social network (similar to Facebook) that will run on the Mother Earth Supercomputer (& Blockchain) in which creators own their content and information via NFTs.
  • The Atlantis Metaverse: the Earth Dollar is the principal exchange currency of the Atlantis Metavese and people can use the Earth Dollar to build, buy, sell, trade and develop digital real estate and assets.
  • The World Basic Income Program: the Earth Dollar is the principal currency of the World Basic Income Program, and will be paid to millions of members who support the Mother Earth Constitution.
  • The Atlantis Exchange / The Avalon Exchange: the Earth Dollar is the principal exchange currency for these digital Natural Capital Assets exchanges and commodity exchanges. All transactions conducted inside these exchanges will be in Earth Dollars.
  • VIP Privileges: the Earth Dollar will be used to pay for selected VIP Privileges and experiences like front row seats at concerts and events, art openings, group insurance, group purchase of products, discounts at venues and shops, and more.
  • Projects and Voting: the Earth Dollar used to fund projects for Earth Dollar (staked) members and also allows for voting on projects to be funds. The assets from the projects back the value of the Earth Dollar.
  • The Atlantis Earth Expo: the Earth Dollar is the principal exchange currency of the Atlantis Earth Expo and all transactions conducted inside the Atlantis Earth Expo will be in Earth Dollars.
  • Staking: The Earth Dollar is used for staking on the Master Nodes, Regular Nodes, and Mobile Nodes of the Mother Earth Supercomputer as a way to encourage good behavior and honesty by the validation network. The Mother Earth Supercomputer uses “Proof-of-Utility” for consensus by encouraging members to contribute actively to the network, improving connectivity, data handling, bandwidth, improving network connectivity, being online for an extended period, expanding the number of peer-to-peer connections, and ensuring high data rates, etc., along with staking Earth Dollars (proof-of-stake reduces the difficulty of computing the hash according to the number of Tokens held).
  • Access: The Earth Dollar is the currency of various brick-and-mortar communities and online communities. The Earth Dollar will be the local currency of the City of Atlantis, an upcoming 200,000 population futuristic city built near Las Vegas. The Earth Dollar is also the common exchange currency to access products and services of the following communities, games, and tokens such as the Ascended Community, the Ascendia Community, Ascended XR, New Earth Project (Sacha Stone), Earth Defenders, SheCoin Community, Free Nations, Nifty Token Platform, New Earth Now, EarthUSD, Justice Token, Delphi Village, etc.

FINANCING THE SDGs

 

As stated earlier, the United Nations need $100 trillion in additional funding to fulfill the Sustainable Development Goals and there is a shortage of funding and liquidity to achieve the SDGs.

In a situation, the larger countries can usually borrow money from a central bank, the World Bank, or IMF to give as grants to smaller countries; the borrowing country assumes more debt and passes it onto the taxpayers.

However, as an alternative, using the asset-based Earth Dollar Community Currency may have a stabilizing effect on the money supply. In terms of the equation of exchange, it offers an additional source of money supply M, enlarging the money supply M to:

M = Mn + Mc

where MN is the supply of national currency dedicated to funding the SDGs and Mc is the supply of the Earth Dollar community currency in funding the SDGs. While Mn fluctuates throughout the year, Mc stays constant, stabilizing the overall money supply for the socially conscious community in fulfilling the SDGs.

FINANCING THE SDGs

 

As stated earlier, the United Nations need $100 trillion in additional funding to fulfill the Sustainable Development Goals and there is a shortage of funding and liquidity to achieve the SDGs.

In a situation, the larger countries can usually borrow money from a central bank, the World Bank, or IMF to give as grants to smaller countries; the borrowing country assumes more debt and passes it onto the taxpayers.

However, as an alternative, using the asset-based Earth Dollar Community Currency may have a stabilizing effect on the money supply. In terms of the equation of exchange, it offers an additional source of money supply M, enlarging the money supply M to:

M = Mn + Mc

where MN is the supply of national currency dedicated to funding the SDGs and Mc is the supply of the Earth Dollar community currency in funding the SDGs. While Mn fluctuates throughout the year, Mc stays constant, stabilizing the overall money supply for the socially conscious community in fulfilling the SDGs.

EXAMPLES OF COMMUNITY CURRENCIES

 

Community currencies for example Starbucks Rewards, Disney Dollar, Berkshares, Bristol Pounds, and the WIR, are used in the certain locale at shops or other businesses that have signed up to accept it as an alternative to the official, national currency, to encourage spending in the local economy. There are thousands of community currencies in the world and the concept has been around for decades, and in the past couple of years, they’re becoming more popular as more have become digital.

The Earth Dollar supports the conscious community who are interested in fighting climate change, ending global poverty, encouraging organic food companies, and making the world a better place. 

Furthermore, the Earth Dollar will be the community currency of the City of Atlantis, Atlantis XR, the Atlantis Metverse, Free Nations, and other communities.

Photo shows WIR, a popular community currency in Switzerland

The World Basic Income Program provides a way to end global poverty and also provides a method for people without access to paid employment to earn ‘money’ through charitable or other community work, as well as providing a medium for a specific conscious community to express its identity in a way national currencies do not. 

 

 

 

 

EXAMPLES OF COMMUNITY CURRENCIES

 

Photo shows WIR, a popular community currency in Switzerland

Community currencies for example Starbucks Rewards, Disney Dollar, Berkshares, Bristol Pounds, and the WIR, are used in the certain locale at shops or other businesses that have signed up to accept it as an alternative to the official, national currency, to encourage spending in the local economy. There are thousands of community currencies in the world and the concept has been around for decades, and in the past couple of years, they’re becoming more popular as more have become digital.

The Earth Dollar supports the conscious community who are interested in fighting climate change, ending global poverty, encouraging organic food companies, and making the world a better place. 

Furthermore, the Earth Dollar will be the community currency of the City of Atlantis, Atlantis XR, the Atlantis Metverse, Free Nations, and other communities.

The World Basic Income Program provides a way to end global poverty and also provides a method for people without access to paid employment to earn ‘money’ through charitable or other community work, as well as providing a medium for a specific conscious community to express its identity in a way national currencies do not. 

 

 

 

 

THE HISTORY OF COMMUNITY CURRENCIES

 

Photo shows Berkshares, a popular community currency

The origins of community currencies started as a movement criticizing money in the 1920s. Motivated by Silvio Gesell’s theory of freigeld, which translates freely into “free money”, a movement criticizing money grew stronger in the 1920s. Their focus was on the inherent property of money to keep its value stable while physical investments do not. The movement especially criticized the overly slow circulation of money and aimed to speed it up using a new kind of currency. It had the inherent feature of continually losing its value, which was termed demurrage. Most prominently, the Austrian town of Wörgl introduced a community currency in 1932, during an economic recession. Unemployment rates decreased due to an increase in commercial interactions within the community network; investments and employment were paid for with community currency and could, in consequence, be increased. Demurrage forced the money to circulate more quickly, which led to a social product nine times as efficient as conventional money. However, the central bank stopped the experiment six months after it had started.

The idea fell dormant after the initial experiments in the 1930s but found a revival in the 1990s. Since then, numerous community currencies have been introduced in the Global South and the Global North which vary greatly in their respective implementations.

As of 2012, over 5000 complementary currencies had been established, with 3418 complimentary currencies still active in that year.

The world’s longest-running community currency – Switzerland’s WIR (Wirtschaftsring-Genossenschaft; ‘wir’ also being an abbreviation for ‘we’ in German) – also has its roots in hard times. Created in 1934 as war loomed and Swiss unemployment surged, the WIR today has more than 50,000 members (17% of the total number of Swiss businesses) with annual revenues of €1.5bn. A 2009 study illustrated how the WIR provided extra local economic stability during national recessions – simply put, when individuals found themselves short of Swiss francs, they could continue buying products from businesses that accepted the WIR.

Some cryptocurrencies can be considered community currencies, but their target users are not often defined.

 

THE HISTORY OF COMMUNITY CURRENCIES

 

Photo shows Berkshares, a popular community currency

The origins of community currencies started as a movement criticizing money in the 1920s. Motivated by Silvio Gesell’s theory of freigeld, which translates freely into “free money”, a movement criticizing money grew stronger in the 1920s. Their focus was on the inherent property of money to keep its value stable while physical investments do not. The movement especially criticized the overly slow circulation of money and aimed to speed it up using a new kind of currency. It had the inherent feature of continually losing its value, which was termed demurrage. Most prominently, the Austrian town of Wörgl introduced a community currency in 1932, during an economic recession. Unemployment rates decreased due to an increase in commercial interactions within the community network; investments and employment were paid for with community currency and could, in consequence, be increased. Demurrage forced the money to circulate more quickly, which led to a social product nine times as efficient as conventional money. However, the central bank stopped the experiment six months after it had started.

The idea fell dormant after the initial experiments in the 1930s but found a revival in the 1990s. Since then, numerous community currencies have been introduced in the Global South and the Global North which vary greatly in their respective implementations.

As of 2012, over 5000 complementary currencies had been established, with 3418 complimentary currencies still active in that year.

The world’s longest-running community currency – Switzerland’s WIR (Wirtschaftsring-Genossenschaft; ‘wir’ also being an abbreviation for ‘we’ in German) – also has its roots in hard times. Created in 1934 as war loomed and Swiss unemployment surged, the WIR today has more than 50,000 members (17% of the total number of Swiss businesses) with annual revenues of €1.5bn. A 2009 study illustrated how the WIR provided extra local economic stability during national recessions – simply put, when individuals found themselves short of Swiss francs, they could continue buying products from businesses that accepted the WIR.

Some cryptocurrencies can be considered community currencies, but their target users are not often defined.

 

THE EARTH DOLLAR

 

The Earth Dollar is a currency based on LOVE and backed by the health and wellness of Mother Earth (Natural Capital Assets). The Earth Dollar was created for the love of the Earth and all life that dwells on her. Since love is difficult to quantify, up to $5.28+ trillion in Real Assets, including nature-based land assets called Natural Capital Assets have been pledged on-chain to back the Earth Dollar in order to restore the Earth and the climate, while simultaneously ending global poverty. The Earth Dollar provides liquidity to reinvigorate the global economy ravaged by the impact of the COVID-19 pandemic, climate change, unsustainable cities, the extinction of species, joblessness, poverty, rising cancer, and disease rates, and other crises without putting an extra debt burden on countries and taxpayers.

The initial assets pledged consist of platinum group metals (gold, silver, platinum, palladium, rhodium, carbon credits, spring water, etc.), along with residential properties, and commercial properties, Natural Capital Assets, real estate assets, manufactured assets, and creative assets via NFTs. These are only the initial Assets pledged to back the Earth Dollar; we expect even more assets in the future.

Earth Dollar will be a Carbon-Negative Asset-Backed Private Community Currency of the Earth Dollar Association and Utility Currency to pay for nodes, decentralized CPU Power, decentralized GPU Power and decentralized Storage Space on the Mother Earth Supercomputer (& Blockchain) (aka as the Mother Earth Supercomputer (aka Mother Earth OS)), one of the world’s fastest decentralized supercomputers which can process up to 1 million transactions per second to run the Living Economic System, DApps, real-time games, telecommunications, smart-contracts, IoT and more.

THE EARTH DOLLAR

 

The Earth Dollar is a currency based on LOVE and backed by the health and wellness of Mother Earth (Natural Capital Assets). The Earth Dollar was created for the love of the Earth and all life that dwells on her. Since love is difficult to quantify, up to $5.28+ trillion in Real Assets, including nature-based land assets called Natural Capital Assets have been pledged on-chain to back the Earth Dollar in order to restore the Earth and the climate, while simultaneously ending global poverty. The Earth Dollar provides liquidity to reinvigorate the global economy ravaged by the impact of the COVID-19 pandemic, climate change, unsustainable cities, the extinction of species, joblessness, poverty, rising cancer, and disease rates, and other crises without putting an extra debt burden on countries and taxpayers.

The initial assets pledged consist of platinum group metals (gold, silver, platinum, palladium, rhodium, carbon credits, spring water, etc.), along with residential properties, and commercial properties, Natural Capital Assets, real estate assets, manufactured assets, and creative assets via NFTs. These are only the initial Assets pledged to back the Earth Dollar; we expect even more assets in the future.

Earth Dollar will be a Carbon-Negative Asset-Backed Private Community Currency of the Earth Dollar Association and Utility Currency to pay for nodes, decentralized CPU Power, decentralized GPU Power and decentralized Storage Space on the Mother Earth Supercomputer (& Blockchain) (aka as the Mother Earth Supercomputer (aka Mother Earth OS)), one of the world’s fastest decentralized supercomputers which can process up to 1 million transactions per second to run the Living Economic System, DApps, real-time games, telecommunications, smart-contracts, IoT and more.

The Living Economic System generates wealth, prosperity and abundance by monetizing invisible, dormant, new and unused assets on the blockchain.

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