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$Hugs – Energy Exchange Token
Group to co.create a point system for the Tribes Platform to track the amazing work everyone in... View more
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$Hugs – Phase 1 ???? – Help us design a co.creation tracking economy.
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$Hugs – Phase 1 ???? – Help us design a co.creation tracking economy.
$Hugs co.creation tracking economy
Phase 1 Timebank, Universal Basic Needs, Invoices, Bounties.
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We started by tracking & logging time for core team, collaborators, and ambassadors.
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Compensation is based on supporting your Univeral Basic Needs (UBN*) for 40 hrs of work weekly + Your invoiced price for the work you are offering.
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Compensation can also be set in $Hugs for certain goals.
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UBN* = $700 for accommodation monthly + $400 for food = 1100. We add 11 for good luck.
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$1111 x 12 = $13,332 per year / 2000 = (40 hr week x 50 weeks) = $6.66 USD per $Hugs token
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Your requested price is compared to fair market price and budget is agreed on by voting collective members.
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Bounties are set for tasks by the collective.
Setting a bounty of 5 $Hugs to share a short discussion with us & a write up for how you can see this $Hugs economy working best.
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2 Replies
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Haha love the UBI+$11 ????????
Curious how you justify what constitutes a worthwhile-to-be UBI-ed “40hrs work/week”?
Is it limited to certain tasks that are collectively decided on?
It makes sense to me if one is a ‘RT citizen’ but not really from the perspective of freelancer/sole-prop/business/entrepreneurship. What if someone is hyper-efficient &/or finds a better way to execute? 40 hrs for UBI seems like a way lot of time…
Just a thought! Feel free to not answer or keep it to a private response!
Cheers
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Good point
The tasks will be are assessed for an average time (usually more than enough) so that it’s more connected to activity than time really.For example onboarding a project to the platform by an ambassador is estimated to take 1 hour and if you take 30 minutes because you;re efficent or 2 hours because you’re taking your time – you still get 1 hug
And so for Oscar’s calculation of 40h per week which is a full time job we set goals that respond to expectations for a full time contributor – can be done in 20 and it’s still 40 hugs.
These are all great discussions since we’re brainstorming now how to structure the system so it’s fair and easily trackable – this method requires pre-calculations on estimate time and value of a task.
Sometime we might have a high priority task that we are giving away 2x Hug$ for since it’s of bigger value for the moment.
Very open to make adjustments and additions based on everybody’s opinions and experience with time banking and alternative economy models!
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