Rules

• Exit tax: 100%
• Operator: Tao
• System Designers: Tao, Muindi

Joining the community

• To be onboarded to ɖears, you must (i) be a member of the After School community, (ii) come to a ɖears meeting, and (iii) agree to begin their membership by offering a service or non-perishable good to the community, to be posted on the listings board. All new members receive 100ɖ upon joining.

Sending ɖears & “Exit Taxes”

• Members may send ɖears to members or nonmembers (i.e., anyone with an email address). Non-members who hold ɖears may only send them to members.
• Every time you send ɖears, you must note the nature and purpose of the transaction.
• ɖears transfers are untaxed when they are:
  • To members; AND in exchange for:
    • Personal services,
    • Perishable goods,
    • Work on listed ɖears / CAD+SR projects
• ɖears transfers are “exit taxed” when they are:
  • To non-members; OR in exchange for:
    • Non-perishable goods
• Exit taxes are 100% and are payable in ɖears.

Definitions

• Personal Services: Ethereal services that don’t add value to a durable asset.
• Perishable Goods: Items intended for immediate consumption.
• Listed Projects: Projects listed on the community repo by ɖears members, which contribute to common good. Select CAD+SR / ɖears projects will be listed by the Commons Fund.

Rule & Role Changes

• Rules may evolve and change over time.
• The ɖears operators and system designers run meetings for voting on rule changes, official selection of Commons Fund projects, and may put their role up for election.

Demurrage

• All ɖears account balances will depreciate by 5% every 24 hours. This rule is intended to encourage circulation of ɖears.