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==What is SEEDS?== | ==What is SEEDS?== | ||
[[SEEDS|SEEDS]] is a decentralized financial system based on regenerative values, governed directly by the citizens. It is the collective name for the protocols, accounts and smart contracts that make up this new ecosystem. It is designed to finance a regenerative economy by subsidizing and rewarding regenerative practices (social, environmental, financial and other domains), campaigns, and solutions; aligning business incentives towards regeneration; providing grants for regenerative projects and campaigns; and empowering local and circular economies through subsidizing the transition to regenerative industries. | [[SEEDS|SEEDS]] is a decentralized financial system based on regenerative values, governed directly by the citizens. It is the collective name for the protocols, accounts and smart contracts that make up this new ecosystem. It is designed to finance a regenerative economy by subsidizing and rewarding regenerative practices (social, environmental, financial and other domains), campaigns, and solutions; aligning business incentives towards regeneration; providing grants for regenerative projects and campaigns; and empowering local and circular economies through subsidizing the transition to regenerative industries. | ||
==What is the purpose for SEEDS?== | ==What is the purpose for SEEDS?== | ||
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The SEEDS Constitution's [[SEEDS#Foundation|Foundation]] section explains this well. | The SEEDS Constitution's [[SEEDS#Foundation|Foundation]] section explains this well. | ||
=Societal Questions= | |||
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==How does SEEDS address inequality in itself?== | ==How does SEEDS address inequality in itself?== | ||
How does SEEDS avoid replicating global inequality where the [https://www.trtworld.com/magazine/top-1-percent-of-households-own-43-percent-of-global-wealth-42134 top 1% owns 43% of all personal wealth, while the bottom 50% own only 1%]? What prevents any individual from [https://www.investopedia.com/terms/h/hoarding.asp hoarding] Seeds beyond their needs, something that does not occur in nature? How can SEEDS support a low [https://en.wikipedia.org/wiki/Gini_coefficient Gini coefficient of inequality] among its own members?''' | '''How does SEEDS avoid replicating global inequality where the [https://www.trtworld.com/magazine/top-1-percent-of-households-own-43-percent-of-global-wealth-42134 top 1% owns 43% of all personal wealth, while the bottom 50% own only 1%]? What prevents any individual from [https://www.investopedia.com/terms/h/hoarding.asp hoarding] Seeds beyond their needs, something that does not occur in nature? How can SEEDS support a low [https://en.wikipedia.org/wiki/Gini_coefficient Gini coefficient of inequality] among its own members?''' | ||
There are multiple components to address this, including: | There are multiple components to address this, including: | ||
* Governance - Decision-making influence is based on a scale of 0-99 among the least to the most active participants, with 50 being the average score of all participants. This means SEEDizens with the highest ranking in contribution have no more than twice the decision-making influence of the average SEEDizen. | * Governance - Decision-making influence is based on a scale of 0-99 among the least to the most active participants, with 50 being the average score of all participants. This means SEEDizens with the highest ranking in contribution have no more than twice the decision-making influence of the average SEEDizen. | ||
[[File:Reputationscore rankingcurve.png|600px]] | [[File:Reputationscore rankingcurve.png|600px]] | ||
=Financial Questions= | |||
=Financial= | |||
==How do we know Seeds is going to become a legitimate currency (e.g. be equivalent in worth to the US Dollar)?== | ==How do we know Seeds is going to become a legitimate currency (e.g. be equivalent in worth to the US Dollar)?== | ||
SEEDS has a large exponentially growing global community of over 1000 active participants among 7000, who are dedicated to ensuring Seeds becomes a legitimate currency. | SEEDS has a large exponentially growing global community of over 1000 active participants among 7000, who are dedicated to ensuring Seeds becomes a legitimate currency. | ||
=Developing Countries= | =Developing Countries= | ||
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Just like seeds itself, there is little to no immediate benefit in terms of [https://en.wikipedia.org/wiki/Fiat_money Fiat money] (our default currency). The Seeds currency is a long-term investment in growing a regenerative economy, and are meant to be planted and supported over time. However, especially for the underprivileged like refugee communities, Seeds enables a global bank account on your mobile device, and the ability for people to directly contribute Seeds to that account. This becomes significant as Seeds is expected to increase from $.09 in value to the US dollar in the summer of 2021 to $.80 of the US dollar when it officially enters the world of currencies in a few years. | Just like seeds itself, there is little to no immediate benefit in terms of [https://en.wikipedia.org/wiki/Fiat_money Fiat money] (our default currency). The Seeds currency is a long-term investment in growing a regenerative economy, and are meant to be planted and supported over time. However, especially for the underprivileged like refugee communities, Seeds enables a global bank account on your mobile device, and the ability for people to directly contribute Seeds to that account. This becomes significant as Seeds is expected to increase from $.09 in value to the US dollar in the summer of 2021 to $.80 of the US dollar when it officially enters the world of currencies in a few years. | ||
=Appendix= | =Appendix= | ||
Hosted in [[SEEDS_New_User_Guide#Prototypes.2C_Pilots_and_Experiments|Prototypes, Pilots and Experiments]] of the [[SEEDS_New_User_Guide|SEEDS New User Guide]]. | |||
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