Where Community Development, Economics, And Blockchain Technology
Converge
PeachCoin
Digital Complementary Currency
PEACHAIN
PEACHAIN (concatenation of PEACH and CHAIN)
is a decentralized digital complementary currency system initiative launched by
Peach State Innovation and Technology , comprising the PeachCoin virtual community network:
the people, businesses, and communities that use and accept
the non-exclusive cryptographic complementary currency
PeachCoin (Symbol: NS21, Smart contract: NewSouth21Token),
a digital complementary currency and medium of exchange.
We Accept PeachCoin
PLEASE NOTE,
AS AN INTIATIVE LAUNCHED BY A U.S. BASED NGO,
PEACHCOIN (NS21) IS A DECENTRALIZED DIGITAL COMPLEMENTARY CURRENCY
AND
NOT RESTRICTED TO DOMESTIC USE.
INTERNATIONAL INDIVIDUALS, BUSINESSES, ORGANIZATIONS, AND COMMUNITIES
ARE ELIGBLE FOR PARTICIPATION IN THE PEACHAIN INITIATIVE,
BARRING JURISDICTIONAL RESTRICTIONS.
To view where the PeachCoin digital complementary currency system is being used in your area,
please click on the state of your respective community.
PeachCoin
PeachCoin
Ethereum Blockchain
Digital Complementary Currency
PeachCoin (Symbol: NS21) is a verified Ethereum ERC-20 cryptographic digital complementary currency and medium of exchange. PeachCoin can be obtained in exchange for US dollars at an exchange rate of 90 US dollars ($90.00) per PeachCoin with PeachCoin having an exchange denomination equivalence
of one US One-Hundred dollar bill ($100.00) per one PeachCoin.
As a complementary currency, PeachCoin can easily be used in fractional transactions, accepted at face value in peer-to-peer purchases and exchanges by individuals, businesses, and municipal city governments.
For instance, 1.2568 PeachCoin can be used and accepted
in an exchange for a $125.68 purchase.
Through the usage of a cryptographic complementary currency, we leverage the security, transparency,
and immutability mechanisms native to
blockchain technology, making the technology ideal for complementary currency and commerce systems implementation by facilitating trade, commerce and records management. Since all transactions occur and are recorded on the blockchain, it allows PeachCoin users to keep track of digital currency transactions without the need for central record keeping.
Through PeachCoin, we seek to facilitate economic stimulus, activity
and community development through the use of a complementary currency deployed upon blockchain technology .
Whether through commercial exchanges or municipal usage to fund or launch new community projects and services, while fortifying general fund fungible resources, the individuals, businesses, and city governments
that choose to use and accept PeachCoin as a complementary currency
are making a responsive commitment to support, enhance, and sustain
their respective community economies.
Using PeachCoin
The utilization of PeachCoin as a complementary currency could facilitate
capital preservation and commercial activity within respective communities,
potentially alleviating the economic disparities that are affecting some communities
while potentially providing economic stimulus in economically
under-performing communities.
Through the PEACHAIN Network, PeachCoin,
and the initiatives of Peach State Innovation and Technology,
we seek to offer a solution to economic stimulus in communities
by promoting economic activity through
a digital complementary currency built on blockchain technology
to connect and maintain communities' goods, services and resource accessibility
and monetizing activities
that facilitate community improvement.
Individuals
Utilize PeachCoin
as a complementary currency
in
Peer-to-Peer (P2P) mutual transactional
exchanges
to pay
for goods
and services between parties.
Utilize PeachCoin
in your respective communities
to pay for goods
and services locally
and virtually from respective participating regional businesses.
Hat tip to the resources at Flaticon for the iconography
Businesses
Utilize PeachCoin as a complementary currency
in mutual transactional
exchanges to pay respective participating businesses and suppliers for the products, support, and services that are operationally essential to your business.
Accept PeachCoin
as a complementary currency for payment
of goods and services provisions regionally and e-commerce.
Municpalities
Utilize PeachCoin as
a complementary currency
in municipal
inter-fund activities and services to pay for activities that provide goods and services to other funds or city departments.
Municipalities can
utilize the PeachCoin complementary currency in their respective communities to fund new programs and
for local procurement and RFP solicitations, giving preferential consideration to accepting businesses and suppliers.
Accept PeachCoin
as a complementary currency for payment of certain municipal fees
and services,
establishing an additional municipal revenue source.
So How Does This PeachCoin Thing Work Now?
Let's Explain...
One may ask, if PeachCoin
is a complementary currency and exchanges
at an equivalence to national currency,
why isn't $100 US dollars exchanged for one PeachCoin? The 10% discount is part of the
US Dollars-to-PeachCoin exchange rate, which is consistent with the pricing structure of
a complementary currency. Nothing is being
earned from the discount.
Complementary currencies, such as PeachCoin,
are designed to facilitate economic activity in
and have transactional exchange equivalence
to a country's legal tender, as this is the nature of
a complementary currency, to supplement
national currency . With the exception of
PeachCoin (NS21) being cryptographic and
its subsequent implicit benefits , our
complementary currency structure is similar to Berkshares, one of the nation's longest and most successful domestic traditional complementary currency models.
For additional clarity, we reference the Berkshares transaction example as we found it exemplary in outlining how a complementary currency transaction flows. We will walk you through a transaction of PeachCoin being utilized for a purchase.
A Simplified Example Transaction
For instance, you decide that you're taking the family out to dinner one evening. You go and view the community hub in which you're located on the PEACHAIN application and select the checkbox for restaurants to identify and highlight on the map, local restaurants in the area that
accept PeachCoin as a local complementary currency.
You acquire one PeachCoin (NS21) at $90 and store it in your digital wallet. The 90 dollars ($90.00) that you exchange acquire one PeachCoin with the complementary currency exchange denominated equivalence of 100 U.S. dollars ($100.00) upon exchange.
When you have dinner at the restaurant , the total cost is $100. The restaurant accepts PeachCoin, so you pay the full dinner cost with one PeachCoin which has the complementary currency exchange equivalence of $100.00, through digital transfer to the local restaurant's digital wallet. At this point you have essentially spent $90.00 dollars and received a $100 meal - an implied 10% discount afforded to the user by PeachCoin. As for the
local restaurant owner, being that PeachCoin
Acquiring PeachCoin
As a digital complementary currency, PeachCoin (NS21) can be acquired in peer-to-peer exchanges. Individuals may also earn PeachCoin (NS21) through the Peach Tech-5K Initiative participation and unconditional income grants afforded to a predetermined number of participating respective community members who participate in The PeachCoin Complementary Currency (PCC) program.
If you are a business, municipality, or non-profit organization interested in acquiring PeachCoin through
participation / enrollment in The PeachCoin Complementary Currency (PCC) program,
or reciprocal smart contract donation exchanges, please feel free to contact us
via email at
or call us at
Additional Information
About The Smart Contract
The smart contract name from which the complementary currency PeachCoin is developed, is the NewSouth21Token smart contract.
A verified Ethereum smart contract, it's name is attributed the region's footprint and growing significance in the establishment, development, and growth of technology and innovation.
Once a primarily agrarian based economy,
the southeastern United States
has become more industrially and economically diversified.
This is evidenced through the presence of technology hubs throughout the region:
Austin, Texas; Huntsville, Alabama;
The Research Triangle in North Carolina;
and Atlanta, Georgia,
to identify a few.
The state of Georgia serves as the headquarters for
several Fortune 500 and 1000 companies
and is home to the
Georgia Institute of Technology, a world renown public research university;
the Atlanta Tech Village, the fourth largest technology start-up incubator in the country;
the Port of Savannah, the second busiest
sea port of entry in the country; and has been chosen by
Site Selection Magazine as the best state in the country for business for the past seven years.
In context of Howey analysis stipulations, as currently designed, the exchange and functionality of PeachCoin (NS21) as a digital complementary currency does not pose a risk of implicating federal securities laws
as complementary currencies are not considered securities.
WHEN ACQUIRING PEACHCOIN, PLEASE VERIFY THE SYMBOL (NS21) AND THAT YOUR DIGITAL WALLET SUPPORTS ERC20 TOKENS. YOU WILL NEED AN ERC20 COMPATIBLE ETHEREUM WALLET. OTHERWISE, YOU RUN THE RISK OF POTENTIALLY LOSING YOUR PEACHCOINS. IF YOU ARE UNSURE OF YOUR WALLET 'S ERC20 COMPATIBILITY, PLEASE GO TO
METAMASK OR MYETHERWALLET AND CREATE AN ETHEREUM WALLET. IF YOU WOULD PREFER ACCESS ON MOBILE DEVICES, PLEASE VISIT METAMASK OR TRUST WALLET
AND
DOWNLOAD THE WALLET APP THAT CORRESPONDS WITH THE OPERATING SYSTEM
OF YOUR MOBILE DEVICE.
FEEL FREE TO CONTACT US IF YOU HAVE QUESTIONS OR NEED ASSISTANCE. WE WILL BE GLAD
TO ASSIST YOU IN THE PROCESS. WE'RE HERE TO HELP!