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A social token is a type of cryptocurrency used to monetize a brand. [1] They can be personal (or creator tokens) or community tokens. [ 2 ] The value of a social token revolves around the brand issuing it, [ 3 ] and are used by holders as a way to feel belonging to a certain group.
A local exchange trading system (also local employment and trading system or local energy transfer system; abbreviated LETS) is a locally initiated, democratically organised, not-for-profit community enterprise that provides a community information service and records transactions of members exchanging goods and services by using locally created currency. [1]
Columbia Community Exchange, Columbia County Gorge Local Currency Cooperative, Hood River Jefferson Rounds, Coos , Curry , Douglas , Klamath , Lake , Jackson , and Josephine counties
A regional currency is a form of local currency encompassing a larger geographical area, while a community currency might be local or be used for exchange within an online community. A local currency acts as a complementary currency to a national currency, rather than replacing it, [1] and aims to encourage spending within a local community ...
An aspect of "localizing economics," CED is a community-centered process that blends social and economic development to foster the economic, social, ecological, and cultural well-being of communities. For example, neighborhood business organizations target growth in specific commercial areas by lobbying government authorities for special tax ...
A local community has been defined as a group of interacting people living in a common location. The word is often used to refer to a group that is organized around common values and is attributed with social cohesion within a shared geographical location, generally in social units larger than a household.
Local Farmer's Market "Buy local" or local purchasing is the most visible face of fiscal localism. There are more complex institutions (both new and well established) that contribute to a community's ability to flourish.
Token money is similar to fiat money which also has little intrinsic value, however they differ in that token money is a limited legal tender. [5] The adoption of token money has improved transaction efficiency, as the practicalty of transacting with sums of gold poses a larger security risk.