The core of the Reconomy strategy is an energy-credit value loop: Communities anywhere can create local credit systems that offer a discount on locally-produced renewable energy when traded for this credit, which in turn creates a demand for the local credit that enables its use paying local persons to develop renewable energy and all local human and natural resources.
Reconomy engages us in a massively-multiplayer, collaborative quest to build global sustainable prosperity by developing renewable energy resources to grow self-sustaining, prosperous communities everywhere.
This begins at our Global Timebank , where our player-makers trade knowledge and services within a living library, hour-for-hour. This time-credit is also awarded for helping grow, administer and scale this global trading platform to local communities. And each community platform can be uniquely configured. The result is a self-managing, self-scaling, open-source tool that gives each member the opportunity to pursue their personal vision of the world of the future.
Reconomy credit isn't money, so it can't be extracted for use outside the trading platforms. But credit value within the community platforms is tracked in units equivalent to national currency to help our members use local credit side-by-side with national currency when trading goods and services locally. As with our Global Timebank, this community-credit is awarded for growing membership and helping others use our network, and additionally for helping build and manage People Power Stations (PPS) , which are our community-based makerspaces, where renewable energy and other local resources are developed and traded.
Each PPS significantly discounts the renewable energy it generates when traded for Reconomy's community credit, creating a demand for both the energy and the credit that impels and empowers persons and communities to develop and steward all their human and natural resources: water, food, sanitation, education, housing, art, etc - everything that can be accomplished when people and communities have continuous access to energy, credit, and a global network of mutual support.
To acquire the technology and other tools that might not be possible to produce locally, such as mobiles and small-energy systems, our members can individually or collaboratively purchase these with national currency through our global platform. Because imported tech and tools become part of their local public commons, the equivalent value of all contributions is recorded as community credit in the contributor's personal or group account within their targeted community platform. Purchase power parity (PPP) multiplies the buying power of this credit in emerging nations by as much as 500%, thus providing a bonus that helps reconomists afford to play by profiting as entrepreneurs in a "fair trade" manner. And this further incentivizes creation of People Power Stations where they're needed most - in the poorest regions, where the PPP bonus is greatest.
In addition to using personal resources to acquire global tools, each member has the option of joining the Reconomy Crowdfund, where small contributions from all members are pooled and awarded to projects voted best by the Crowdfund membership.
Players win by building prosperous, self-sustaining communities. And a world filled with prosperous and sustainable communities will be a prosperous and sustainable world for everyone.
Reconomy is free to join and play.
Join us here.