693 B
693 B
Subscription fee, $250/yr.
Get a credit card with $500 local bucks, (good for one year?). Also get to allocate $500 in local initiative (e.g. fix potholes, clean beach, youth club)
Transaction fee of 0.5% to cover network infrastructure costs, including addition of incoming funds to increase reserve.
User enters into continuous hatch with subscription fee. After paying the subscription (e.g. participating in the hatch), she can buy & sell local bucks $1 for $1 in limited quantities.
Local bucks are accepted at businesses, by local entrepreneurs, for municipal and land tax payments.
1 year pilot. Tokens expire after to limit scope for pilot (optional, or can rebase at the of year)