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FOTONICA 2017

MACAO: Commoncoin

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MACAO: Commoncoin
The Macao Center has released its own community cryptocurrency, the Commocoin, which has been built on the Faircoin blockchain, developed in collaboration with dyne.org's Freecoin.

After an initial airdrop (a free "injection" of currency in which community members received a sum to spend), participants experienced the use of crypto currency to pay for everything in the center, routine maintenance, democratic participation , and the possibility to activate buying groups in the euro system. The governance of the Commocoin project is decided by the consent of a general assembly. At the end of each month, all members of the Center's Assembly receive a basic Euro Income generated by the income of the organization's activities.

Macau along with Faircoop Dyne.org and many others have recently launched Bank of the Commons, a real financial cooperative that offers multi currency banking services to all its members. It is the first bank in which every user can independently manage their own Fair Coin wallet (a worldwide cryptomoneta conceived for global production and solidarity), but also portfolios in Euro, Bitcoin and all the most well-known coins.

Duration (minutes)

120

What is needed

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  • Lecture
Emanuele Braga
Emanuele Braga

United Kingdom

Events

FOTONICA 2017
FOTONICA 2017
Friday, 01 December 2017