Twollars

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Revision as of 04:58, 15 March 2009 by PlegerG (talk | contribs) (related concepts: Joytopia Dankpunkte, Tweuro)
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= currency for usage in Twitter


URL = http://twollars.com/


Description

"The Twollars idea was conceived by Internet entrepreneurs Eiso Kant and Mac Taylor. They noticed that there was an enormous amount of 'social energy' on Twitter that goes unmeasured. They realised that if this energy could be converted into a symbolic standard, it could then be passed around like a currency.

They came up with Twollars as that standard. Twollars passes all the tests. It is positive. It is social. It is a measure of energy that can be exchanged like money.

It's a way to convert your 'good deed', your knowledge, your energy, your generosity it into a new form of money. By converting your Tweet into Twollars you can now pass that value on to others. You can reward others for their Tweet. And they can do the same. And soon you have new way of valuing and rewarding all the people you like, admire, and appreciate.

Twitter is a perfect platform for Twollars. Just by tweeting something like: Give 2 Twollars @macwind because he gave me great advice or, by creating a special Twollar Retweet like this: RT 3 [email protected] because of his great Tweet. You can get Twollars moving around the Twitter community. Do something of value for someone and receive a simple, symbolic recognition. A Twollar. Write a great Tweet, give a Twitter friend a useful tip, and receive Twollars in return." (http://twollars.com/aboutus)


Status

"Today, Eiso Kant, the co-founder of Twollars announced that he had been working lately on a multi-currency version of Twollars, and that “soon everyone can start their own currency on Twitter”. This could be an interesting development for Twollars, which have so far acted as a multiplier and allocator of the generosity of the sponsors US dollars donations: Twollars are backed by commitment of sponsors to donate real US dollars to the charity of the donator’s choice (the first $1,000 was sponsored by Eisomac Ltd, the creator of Twollars themselves, and it seems they are now looking for a new sponsor for the next $10,000)." (http://lebleu.org/blog/2009/03/11/thoughts-on-a-twitter-time-bank-with-multi-currency-support/)

Related Concepts and Projects

The concept of a "Thank You Currency" is alreada implemented in the German project Joytopia, coordinated by Bernd Hückstädt. Joytopia Dankpunkte (="thanks points") are already used by 1000+ users with their Dankpunkte online accounts. (http://www.joytopia.net in German)

For the European context there are ideas to take the concept of Twollars to a first version of a Tweuro (Twitter communication on Tweuro)