pendosocial marketplaces made simple

20 August 2015

Content

• What is Pendo?

• How does it work?

• What can you use it for?

• Legal implication, technical aspects

Commercial EconomyNational Currency

(Competitive and Scarce)

Individual Agent/Consumer

Commercial transaction

Social Economy

Complementary Currencies (Cooperative and Sufficient)

Friend/Family/Kind-ship group

Community exchanges

Accounting System

Provider Receiver

Every member starts with zero

Accounting

Provider Receiver

debit or negative balance

credit or positive balance

Accounting

debit or negative balance

credit or positive balance

Total amount is always zero

Transaction

Provider Receiver

Transaction

Provider Receiver

Service

Debit request

Transaction

Provider Receiver

Service

Debit request

Consumes

Approves

Pricing & Value

1 Pendo = 1 Euro

It is not allowed to exchange Pendo for Euro

Purchasing Power equals the one in Euro

Dynamics

Providers have no claim to Receivers. Receivers have no obligation to Providers.

Provider Receiver

Dynamics

Provider ReceiverCommunity

positive balance = claim to the community negative balance = obligation to the community

What can you use it for?

• Multilateral exchanges

• Lower costs of living

• Community building

• Learning tool for financial integrity

Bartending Help Cooking & Serving Food Shop for & Install Decorations

Entertain Guests Event Help & Wait Staff

Event Decoration Event Staffing

Event Planning Event Marketing

Research

Shopping Delivery Service

Grocery Shopping Run Errands Wait in Line

Drop Off Donations Pick Up & Delivery

Return Items Wait for Delivery

General Handyman Assemble Furniture

TV Mounting Furniture Shopping & Assembly

Heavy Lifting Pointing

Plumbing Yard Work & Removal

Hang Pictures Shelf Mounting

Light Installation Electrical Work

Carpentry and Construction

General moving help Pack for a Move

Unpack & Organize Heavy Lifting

Rearrange Furniture Remove Furniture

Spinning Lesson Salsa Beginner Lesson

Balroom Dancing Lesson Latin Dance Training

Pilates Lesson Tai Chi Lesson

Yoga Lesson Language Individual Lesson

Specialised Language Course English Group Lesson

English Individual Lesson Walking Lesson

Legal implications• Taxation

• 3000 Pendo/Year Revenue is Tax Free (private persons)

• Individuals do not pay VAT/BTW

• Many services are tax exempt

• Insurance

• Normal insurance does not provide coverage

You can sign up on www.pendo.cc for an account or download an

IOS app

Technical aspects

Thank you!

Further info:

Money and Sustainability 2014 Club of Rome Report NY Times Article: Zombie Factories Stalk the Sputtering Chinese Economy (August 2015)