HullCoin is a worlds first. It is a unique currency to be used by the people and businesses of Hull, which will reward people who are doing great things for their community by offering discounts in local businesses. To enable this we have developed Hull’s own cryptocurrency which uses the technology behind bitcoin. A web platform to facilitate activities and offers, and a smartphone app for making transactions, will be free to use for everyone in the city. We want to get the people of Hull using HullCoin, experiencing its benefits and setting an example for innovation and community action for the rest of the world. We are raising money to further develop HullCoin and put it into practice. This cannot happen without your support, so make a pledge today and help give your community the credit it deserves! How does it work? 1. Volunteer… 2. Reward… 3. Charities and public bodies dispense coin… 4. …
What we'll deliver:
Why it's a great idea:
HullCoin has the potential to transform the lives of people in Hull. Through harnessing the energy and commitment that organisations and individuals employ everyday to make their communities a better place to live. Here is a short list of how HullCoin will impact upon the lives of the people in the city of Hull: - Economic Benefit Everyone who undertakes an activity that has a positive effect on the lives of others or improves their own circumstances can be issued with a credit that can be exchanged as a form of discount on local goods and services. This provides a unique way of people being able to subsidise their incomes by creating access to affordable products e.g 20% of their weekly shopping bill. - Capturing of outcomes using blockchain technology - Supporting local businesses - Education – A school can encourage and reward parental engagement within school services by recognising participation by issuing HullCoin creating a bala - Environment - Health - Volunteering
Steps to get it done:
HullCoin was established as a piece of social policy research undertaken by Hull City Council. This concluded that by using the technology behing the cryptocurrency Bitcoin it was possible to create a new kind of economic system that rewarded the great often unrecognised acts of kindness that take place in Hull's communities every day. By issuing credits through a network of charities, the Local Authority and local community organisations it is possible to create a new way of people to contribute to HullCoin has generated worldwide attention both in terms of the press coverage it has received but also in other towns and cities wanting to adopt the system. The press coverage has included features in The Guardian, The Financial Times, BBC News, The Big Issue and Tech North. We are also working collaboratively with organisations based in Endhoven, Cardiff, Leeds, Pittsburgh, Barcelona, London, Milan, Abuja and Memphis all presenting a desire to adopt the system we have developed in Hull.
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