Contents:
- Rationale for Primary Issuance
- Illustrative Case Examples
- Aggregation and Exchange
- All-Encompassing BP Monetary System
- BP Money is a Commodities-Based Monetary System
- Related Articles
- External Weblinks
Rationale for Primary Issuance
Primary Issuance is invoked when the nature of a firm's product or service inherently generates or is intrinsically associated with qualifying final-products that are of a byproducts nature. This issuance acts as an incentive, similar to bonus or loyalty points, encouraging consumers to continue participating in the ByProducts Economy by purchasing more byproducts-related goods and services.
Illustrative Examples
- A company producing bamboo furniture is authorized to issue BP Money that consumers can use to purchase other bamboo-based products such as kitchenware or textiles.
- An aluminum manufacturer is accredited to issue BP money redeemable for recycled aluminum products like cans or foil.
- A timber company is authorized to issue BP Money credits for purchasing sustainable wood products or supporting reforestation efforts.
- A tea tree oil producer is qualified to provide BP Money points for buying other tea tree-based personal care or cleaning products.
At a broader economic level, the universe of byproducts and their BP Money tokens and/or coins coalesce into the overarching BP Money system. Consumers can use their accumulated BP Money to purchase other by-products related products and services within the ByProducts Economy, further promoting circularity and sustainability.
For flexibility and convenience, consumers are entitled to exchange their BP Money for sovereign fiat currency on the open market, directly within their digital wallets. This provides liquidity and ensures that BP Money retains value and can be utilized even outside the ByProducts Economy.
All-Encompassing BP Monetary System
All-Encompassing BP Monetary System
- Qualifying By-Products: Businesses whose operations generate byproducts that meet specific criteria set by the governing body are eligible for primary issuance. These byproducts might be recyclable materials, reusable components, or waste streams that can be repurposed or upcycled.
- By-Products Multiplier: A byproducts multiplier is established to determine the amount of BP Money a business can issue per unit of qualifying byproduct generated or associated with its product/service. This multiplier is likely determined based on the estimated environmental and economic value of the byproduct.
- Point of Sale (POS) Choice: At the point of sale, consumers are presented with the option to either:
(a) Offset the Transaction: Use the accumulated byproduct credits (BP Money) to partially or fully pay for their purchase, effectively reducing the total cost.(b) Accumulate in BP Money Wallet: Store the BP Money in their digital wallet for future use within the ByProducts Economy or exchange for sovereign fiat.
BP Money is a Commodities-Based Monetary System
Primary issuance of BPM by businesses is a key mechanism for promoting the By-Products Economy and incentivizing sustainable consumption. By rewarding consumers with BPM tokens or coins for choosing products and services that generate or utilize by-products, the system fosters a circular economy where waste is minimized and resources are valued. The participation of large corporations is crucial for driving the adoption of BP Money and setting standards for sustainable business practices. The ability to exchange BP Money for fiat currency provides flexibility and further strengthens its viability within the broader economic landscape.
Related Articles
External Weblinks
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