Community Currency
Last updated
Last updated
A community currency is a currency existing in parallel to national fiat currencies, issued by private entities or community organizations for use at local participating businesses. Community currencies are useful to keep the money circulating in local communities, as it encourage spending at local businesses. Community currencies are particularly useful in environments where the national currencies have a low liquidity.
A Kolektivo community currency is an ERC-20 used by the community economy's population for daily exchange. It is presumably pegged to the national fiat currency and collateralised by the Reserve Token in the Mento system.
Minted and kept stable by the Mento instance.
Pegged to the national fiat currency.
Accepted by certain local merchants in the community economy in exchange for goods and services.
Name: Kolektivo Guilder
Ticker: kG
Standard: ERC-20 on Celo
Total supply: Elastic supply
Token address
kGuilder is the community currency of Kolektivo Curaçao, used by the Curacaoan population for daily exchange. kG is pegged to the national fiat currency (Guilder) and collateralized by kCUR in the Mento system. $1 of kG should normally be worth $1 of kCUR.
Minted and kept stable by the Mento instance.
Pegged to the Netherland Antillean Guilder.
Accepted by certain local merchants on the Curaçao island in exchange for goods and services.
