Where Community Development, Economics, And Blockchain Technology
Digital Complementary Currency
PEACHAIN (concatenation of PEACH and CHAIN) is a progressive web application (PWA)
incorporating Ethereum blockchain technology through Infura
developed by Peach State Innovation and Technology.
PEACHAIN is a scalable, decentralized portal for
the PeachCoin virtual community: the individuals, community businesses, and municipalities
that use and accept the non-exclusive cryptographic complementary currency
We Accept PeachCoin
To view where the PeachCoin digital complementary currency system is being used in your area,
please click on the state of your respective community.
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.
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 municipal projects, services, and facilitate inter-fund transfers,
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.
The utilization of PeachCoin as a complementary currency could facilitate
capital preservation and commercial activity within respective local communities,
potentially alleviating the economic disparities that are affecting some communities
while potentially providing economic stimulus in economically
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.
Utilize PeachCoin as a complementary currency
in Peer-to-Peer (P2P) mutual transactional
exchanges to pay for
goods and services
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
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.
as a complementary currency for payment
of goods and services provisions regionally and e-commerce.
Utilize PeachCoin as
a complementary currency
inter-fund activities and services to pay for activities that provide goods and services to other funds or city departments.
utilize the PeachCoin complementary currency in their respective communities
for local procurement and RFP solicitations, giving preferential consideration to accepting businesses and suppliers.
as a complementary currency for payment of certain municipal fees
establishing an additional municipal revenue source.
So How Does This PeachCoin Thing Work Now?
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
is a complementary currency, it is treated as ordinary income by the IRS in terms of taxation and can be utilized by the restaurant owner to pay employees partially with PeachCoin or acquire goods or services from other local, regional, domestic, or virtual community merchants, professionals, and businesses that accept PeachCoin.
As a digital complementary currency, PeachCoin (NS21) can be acquired in peer-to-peer exchanges. Individuals may also earn PeachCoin (NS21) through the Georgia-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 organization interested in acquiring PeachCoin through
participation / enrollment in The PeachCoin Complementary Currency (PCC) program,
peer -to-peer exchanges or if you have other inquiries, please feel free to contact us
via email at
or call us at
About The Smart Contract
The smart contract name from which the complementary currency PeachCoin is developed, is the NewSouth21Token smart contract.
The name is attributed to our base,
the region's footprint and growing significance in the establishment,
development, and proliferation
of technology and innovation.
Once a primarily agrarian based economy, the southeastern United States has become more industrially diversified and 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
and is home to the
Georgia Institute of Technology, a leading public research university; the Atlanta Tech Village, the fourth largest technology start-up incubator in the country; the second busiest sea port of entry in the country; and has been chosen by Site Selection Magazine as
In context of Howey analysis stipulations, as currently designed, the exchange and functionality of PeachCoin (NS21) as a 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!