My crew, the 3rd Strategic Institute is testing and simulating an economic model aggregating hundreds of small cryptocurrency providers into a real-time exchange to create a local fiscalism solution. We are basically blown away at our findings and the possibilities of radically creating local fiscalism empowerment with just the local merchants and local consumers. This article will cover how cryptonomics changes the landscape of how the unit of value can be non-monetary but make a tremendous economic impact by extracting intrinsic value from new transactional paradigms. Instead of one entity create a cryptocurrency unit like Bitcoin or Ethereum or Dash and attempt to make it a viable unit of value by the critical mass, what if multiple people in a local hood create their own cryptocurrency and aggregate it into a market exchange for local fiscalism trading? What if Brianna the socialite who throw parties and have her own fashion line and conferences created her own cryptocurrency with just $430? What if the Corner Cleaners created their own cryptocurrency in the hood with 7500 tokens? Then we create a mobile wallet that let people in the community trade Corner Cleaners tokens for Brianna tokens? Or sell hair salon tokens to get tokens for the funeral home? This allow local businesses to have their own marketplace and value to offer on an exchange for a local consumer base. Now, the question someone might ask is if this is a money service business and the answer is no. The tokens in question are prepaid closed-loop units of value and will likely fall under the volume threshold. Unlike gift cards which are now obsolete by the crypto-token paradigm, digital crypto-tokens can be fractional and do not expire and have constant trading value on a market exchange. This allow individuals to trade on the exchange their remaining fractional balance versus gift cards that expire remaining balances too small to spend anything on. Let’s talk about how the whole process will work. A hood business like Devonne Dental or a hood socialite like Brianna Johnson can create their own crypto-tokens and offer it to the public to buy one token for $1 that can be applied to their business models. They don’t need to have a lot of money; it can be $200 for example or up to $10,000 to make sure prepaid closed-loop volume do not exceed 10,000/day. Cats in the hood buy these tokens to support their local business and have it as a unit of volume to either spend for the service or trade with someone else. This is where the magic comes in. If a lot of businesses are creating their own crypto-tokens and list it on an exchange, then cats can offer their remaining token balance from Junior Fried Shack to buy tokens for Yoga Universe. As an incentive for buying into the tokens, perks can be offered to introduce the new token holder to the service – many publicly traded stocks offer perks like this to shareholders. So let’s say Club Ecstasy got a major act performing tonight and people want to get in the club badly, a surge in demand will lead to an increase of the token value and can be sold at a profit. Let’s say a business get raided by the IRS, that token will decrease in value so these tokens can increase and decrease in value due to market fluctuations. Now if someone want to make a purchase or offer a plumber tokens for their service, the mobile wallet can combine all of their fractional remaining tokens and set the market price to give to the plumber who can keep them or trade them for tokens to buy supplies at the local hardware store in the hood who have their crypto-tokens listed also. So what we can see a new paradigm of local fiscalism transactions and trading to keep doing business with each other in the hood. As more local businesses, local organizations and local people offer their crypto-token for services and allow trading on an exchange that can be parsed by bots in real-time to exchange value in real-time between parties, the local hood community can create transactions and wealth generation really fast with no external inputs or dependency outside of their community except for those coming in to spend and contribute to the local economy. If someone come in from China and spends crypto-tokens and leave the country with a balance and abandon it, the crypto-token provider can reclaim the funds after a certain period of time. Many people will ask “why can’t they just use the US dollar instead of the crypto-tokens” and the answer is simple – the crypto-tokens are smart, augmented units of value. You can establish metrics and data points and track what the tokens does and how effective the token is in demand by the community in almost real-time and adjust business models around strong demand or lack of demand. Second, tokens are cheaper than paper money where paper money is expensive to handle by money carriers like armor trucks and also tokens are safer to store and retain versus robbers looking to hit a store up for cash. The tokens are backed by the US dollar to retain value so if they go under $1, the token provider can "buyback" at a discount, reset their business and offer the tokens again at a profit. The perks also have an advantage over cash by creating value that is not realized by regular money - this is better than coupons where an individual will feel obligated to local businesses and see they get perks for taking a stake in tokens to spend at that local business. The Global Urban Collective have already been briefed on this concept and our findings so far. We believe the best approach is to identify a community to test pilot and keep in mind that community may be some place like Puerto Rico or somewhere in Africa like Ghana or Nigeria for example. But we got massive worldwide connections to test this model even in South London or South Africa for example. USA candidates would be Chicago or Boston or Philadelphia or Houston and Dallas but we have not made it this far to reach conclusions on test pilot markets. What we do know is we can definitely have local people invest in crypto-tokens to spend at local businesses and that chain of transactions can be tracked and traded in a real-time exchange that use bots to buy and sell at rapid pace. In case you didn't know or just new to this blog, Dream and Hustle already created the code to make all of this happen and we provided it here months ago. We showed how to use the blockchain to track transactions in the hood and make a cryptocurrency and provided code. We also created DBEXX that was for binary options and we are simply using the same engine that would trade binary options to trade the crypto-tokens in our concept modeling. This is a very promising concept and we will follow up on any progress on our efforts.