The Economy is composed of a community of people, a collection of agreements, and a ledger of exchanges.

Community

People in the community are called 📝Citizens. We get to know each other at various 📝One Gatherings.

People become Citizens by filling out an 📝0=1 Visa, which is an agreement between the individual and the cooperative. You can obtain your O=1 Visa by entering your email on the inc.one website.
Citizens can then create a 📝Resonance Share Agreement (RSA), which is an [expression of states] between the citizen and all other citizen and potential co creators. ***** Brian can you define this better? ***

Cooperation

Citizens Cooperate under 📝Co-Creator Agreements (CCAs) which are📝Stories of the Cooperative. Some stories are art projects some are 📝Virtual Corporations. All cooperation, collaboration and co-creation sit atop 📝One Governance which includes the terms of service and certain 📝Traditional Legal Agreements.

Contribution

Each 📝Virtual Corporation states that they will contribute a minimum of 11% of equity in the virtual corporation and 11% of co-creator pay.

📝One Ledger

Contributions of all 📝Types of Capital are recorded on the 📝One Ledger

The Business of the Cooperative

One Inc Cooperative, is the member owned, member controlled organization that oversees the Economy of One and makes space for new connections and cooperation between citizens. Financial Contributions to the cooperative:

Fund the operations of the cooperative according to the 📝Cooperative's Budget
Build a sufficient capital base to fund the operations and investments of the cooperative
Are distributed as Resonance Dollar Dividends to Citizens. (Traditionally this is called a 📝Patronage Dividend, to the 📝Worker-Members of the Cooperative.

Distribution

Unless otherwise agreed to by the Citizens, Resonance Dollar Dividends are distributed

89% equitably across the stories of the cooperative according to the capital contributions generated by the stories to the cooperative. Within each story the capital is distributed according to the Co-Creation Agreements between the co-creators and then back to all of those who have contributed to the story as recorded on the One Ledger.
11% across all other contributors to the cooperative according to an algorithm designed by the community, organized by the executive team, approved by the board and then voted on by the Citizens.

Resonance Dollar Exchange

We expect that Citizens will be able to buy and sell their Resonance Dollars on the 📝Resonance Dollar Exchange - ResX. With buyers who believe in the stories and in the potential future distributions from the story and sellers seeking financial capital today.

The Resonance Dollar Exchange and the One Ledger are public ledgers enabling investors and contributors to value the stories of the cooperative in real time.

Origin

Sat, 8/15 6:57PM • Summarized/Edited conversation between 📝Brian Swichkow, 📝Chantle Edillor and John Zdanowski as recorded and transcribed on Otter

SUMMARY KEYWORDS

cooperative, gut, felt, agreements, story, planet, bacteria, create, ledger, system, revenue, economy, collaboration, energy, regenerative, human, resonance, microbiome, understand, contributions

Brian's memo on One Economy