SEEDS Currency
URL = https://joinseeds.earth/
Description
Mammouth.AI:
“Chuck Harris's SEEDS Currency is a blockchain-based complementary currency designed to foster sustainability, community collaboration, and regenerative economics. It operates on a Bancor-like system, allowing for dynamic exchange rates between different community currencies while maintaining liquidity.”
Characteristics
Key Features of SEEDS Currency
Complementary Currency System
SEEDS is not meant to replace fiat money but to work alongside it, encouraging local and sustainable economic activity. It is built on a proof-of-stake (PoS) blockchain (initially on EOS, later transitioning to its own blockchain).
Bancor-Inspired Liquidity Mechanism
Inspired by Keynes’ Bancor (a proposed supranational currency) and modern automated market makers (AMMs), SEEDS uses a reserve-based system to maintain liquidity.
Users can exchange SEEDS with other community currencies (or tokens) without traditional order books, using smart contracts to balance supply and demand.
Regenerative Economics & Sustainability Focus
SEEDS is designed to fund ecological and social projects through its "Harvest" mechanism, where a portion of transaction fees goes toward sustainability initiatives.
It encourages circular economies by rewarding users for contributing to regenerative practices (e.g., permaculture, renewable energy, local food systems.
Decentralized Governance (DAO Structure)
SEEDS operates as a Decentralized Autonomous Organization (DAO), where token holders vote on proposals and governance decisions.
The SEEDS Foundation helps guide the ecosystem but does not control it centrally.
Mutual Credit & Community Currencies
SEEDS supports the creation of local mutual credit systems, where communities can issue their own currencies backed by trust and reciprocity.”
These currencies can be exchanged via the Bancor-like liquidity pools, ensuring interoperability.