The core of the Reconomy strategy is a virtuous cycle: Persons anywhere can join our Reconomy Global Timebank for help creating local Reconomy marketplaces that are hosted online free; our local marketplaces offer a significant discount on locally-produced renewable energy when traded for community credits; and this discount in turn creates a demand for the credits, which are continuously spent back into the marketplace to sustainably develop energy and all other human and natural resources, producing prosperous and self-sustaining communities.
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 credits aren't money because they can't be used outside their own trading platforms. But the value of credits within the community platforms is tracked in units equivalent to national currency to help our members use local credits side-by-side with national currency when trading goods and services locally. As with our Global Timebank, community credits are 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 credits, creating a demand for both the energy and the credits that permits its use paying for continuous sustainable development, and empowering and impelling persons and communities to develop and steward all their human and natural resources: water, food, sanitation, education, housing, art, etc - anything and 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 high-tech 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 credits in the contributor's personal or group account. The greater buying power of money in emerging economies multiplies the advantage of Reconomy credits by as much as 500%, thus providing a bonus that helps players profit as entrepreneurs in a "fair trade" manner. And this incentivizes creation of People Power Stations in the poorest regions, where the advantage is greatest and development is needed most.
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.