THE
LAO

Black Digital Dollars

Proposal Details

JayFieldNET is a community of entertainers, entrepreneurs, and business enthusiasts with a common purpose to create and exchange value, created through innovation and collaborative thought. The community uses a currency, JayFieldCOIN, to invest in the community as a whole, by exchanging value for select goods on a day to day basis. To incentivize active involvement in the community, we will award JayFieldTOKEN. JayFieldTOKEN is redeemable for select everyday items. Members of the community may also send their JayFieldTOKEN to their favorite small business, who may redeem the JayFieldTOKEN for cash value. The sole purpose of this project is to assign a value to the support of JayField, as a model to demonstrate the growth and use of dollars within a community. Rather than indirectly contribute to the community through traditional funds, or set up an e-fund, we are attempting to create a sustainable community support model that is more direct and flexible than a donation.

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