Community Currencies [KERNEL]
People
Description / What is your motivation?
Imagining a $KERNEL community currency, built open-source and leveraged as an example for communities, creators, and ultimately — the billions of people not using cryptocurrency today.
Team Story
Subtheme
Manager
Track
PoC (Website / Inpso / Deck)
📣 How can KB2 help? Anything goes.
Last updated on
Feb 8, 2021
Primary Track
Project (Yes)
Investable?
Mentor Connection?
My Tag
Stage | Important facts
IDea
Stewards Actions?
Related to KB2 Fellows (Related to Copy of KERNEL Adventures (People) 1)
Stewards Thoughts!
Status
Imagining a $KERNEL community currency, built open-source and leveraged as an example for communities, creators, and ultimately — the billions of people not using cryptocurrency today.
- Using a portion of the KERNEL Reserve ($15,000), mint 60,000 KERNEL — to be used in the context of the KERNEL Community.
- Put the KERNEL Reserve under the control of a 'treasurer' from the KERNEL Community
- The only potential purchasers of these tokens are KERNEL Fellows.
- Tokens are purchased on a bonding curve, parameters set by community (options to be detailed, below)
Open Questions
- (TBD) — what is the shape of the bonding curve?
- Participate in the 'Common Reserve' underlying Grassroot Economics?
- Legal / regulatory — how to think about this in a regulatory framework which makes sense?
- Co-op? Tokens, shares.
- 50 years of guidance on this token models. Not securities, but shares. Co-op membership rights model.
What are our exports?
- Security Audits?
- Tokens created within the ecosystem?
Explicit Goals
- Architecture re-used / $KERNEL tokens accepted in other communities.
- Interoperability with related communities ($PAN, to begin)
- Experimentation, with deep respect for the underlying relationships which underpin KERNEL. Nothing will be attempted here without high confidence it represents the values of KERNEL well.
Resources + Works Cited
- An Introduction To Bonding Curves (Veronica Coutts)
- Proof of Impact: Blockchain Community Currencies in Action (Galia Benartzi, Rebecca Mqamelo)

