Encointer

Active
Testnet Gesell is live

Grassroots local currencies can be bootstrapped by anyone, anywhere. A mobile phone is enough.

Blockchain

Polkadot (substrate)

Social identity

physical key signing meetups in randomized groups within the same local community. All meetups happen as a global ceremony every 41 days at the same local time so that no one can attend more than one meetup

Social mining

A UBI of 1 UNIT is issued in local cryptocurrency for every attended ceremony (providing proof-of-location + proof-of-personhood). Local means village up to metropolitan area

Token economics

local currencies feature demurrage to maintain a money supply bound to the size of the population. The valuation comes - as for any money - from the belief in its value.

Governance

NPoS (Polkadot relay chain) / Encointer Association will build a consortium for parachain governance / democracy (one person one vote) for everything concerning local currency parameters (meetup locations, demurrage rate ...) every community decides for themselves

Key people

Alain Brenzikofer

Locations
Zurich
OpenUBI aware
No
Notes

Privacy-by design and scalability with Trusted Execution Environments (trusted off-chain computing with SubstraTEE)