Commocoin is a social local currency developed and tested in a common based community in Milano (IT).
The pilot started in Macao art center and it’s involving others nodes on the metropolitan and national level.
The project is 2 years old, but it’s still in development and in a test phase.
The aim is to design schemes that are transparent and defined by participatory and democratic organizations.
The actual scheme in Macao (now running):
Macao did an air drop of coins to the partecipants of the organizations and to all the collaborators.
With the commoncoins every one can pay:
all the work in the organization,
the rent of the means of production,
the access to the art program of the events.
The central administration wages in commoncoin the functions for the management of the orgnization.
All the autonomous projects in the organization pay their workers, rent the means of production, and book the slots of the program in commoincoin.
In the end of the month all the members of the assembly with active transaction on their wallets share an equal basic income in Euro, generated by the income of the activities of the organization.
Every participant has to participate to an off-line weekly assembly. The minimum required for each membership is 2 meeting a month, otherwise you lose the membership to the governance.
In the assembly we decide the design of the scheme (minimal wage, the costs of the means of production, the cost of the single jobs, the organization chart) through the consensus method.
The more one participates in the off line assembly the more she/he receives commocoin by the central administration.
with the current design the more you work inside the organization and in the single autonomous project based in the organization, the more you have access to the means of production and the art program, and a mutual aid fund.
if you are not participating to the weekly assembly you are out from the economical management of the organization. Designing schemes in an off-line assembly the members choose how to automatize the circulation of value, its redistribution and the social cooperation.
Commoncoin is using:
actually it is using faircoin blockchain (faircoin 2 in development):
we are developing the interface of the schemes in terms of wallet design and on line platform with
freecoin (they are parte of the project since the beginning):
the organization is developing the legal and fiscal status using freedom cooperative.
this is the scheme of the governance and commoncoin in Macao management: