Neco is the currency for the common good. For our members, we generate profits, provide universal basic income and protect the climate. Our vision is to build a sustainable financial system that serves the people and the planet.
We have launched the Neco project to address global challenges like debt, poverty and climate change. Our objective is to create a better future for all living beings on Earth. We believe that the major issues of our times are either caused by the financial system, or could be solved by a better one. Instead of trying to fix the existing system, we have designed a new, sustainable system that supports the PPP principle - people, planet and profit. We have created a stable currency to provide the funding for global solutions to our ecological, social and economic problems. This new and improved system is managed democratically by a decentralized collective organization.
No inflation. Low volatility.
SecureBacked by a reserve. Protected against bankruptcy.
FreeNo banking fees. No interest.
Unconditional monthly income. Social services.
PlanetCarbon offset. Afforestation.
ProfitQuarterly earnings. Positive money without debt.
Equality. Sustainability. Diversity. Sufficiency. Solidarity. Transparency. Stability.
DecentralizedNo hierarchies. Separation of power.
CollectiveAll users have a vote. Decision-making using collective intelligence.
We have kept our promise! Since its launch, the Neco price has been increasing steadily without ever losing value. This chart shows the stable upwards trend of the Neco price since March 2019.
The Neco price is updated every quarter in a collective referendum, the Neco regulation. Unlike traditional currencies, the value of the Neco is determined by our members, not by demand and supply. These two major differentiators increase Neco’s stability, decrease its volatility and simplify accounting processes.
Neco runs on Stackchain. Stackchain is a crypto platform for decentralization and tokenization - a faster, more efficient and more secure version of Blockchain technology. Stackchain is a climate-neutral Distributed Ledger Technology (DLT) that stores information in distributed databases and supports GDPR requirements.
We have designed Neco to overcome the flaws of traditional currencies (so-called “fiat currencies” like EUR, GBP, USD, etc.) and legacy cryptocurrencies (Bitcoin, Ethereum, Litecoin, etc.). The following comparison highlights the main differences between Neco and these other currencies.
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|---|---|---|---|
Currency |
NecoStablecoin |
EuroFiat Currency |
BitcoinCryptocurrency |
| Fees & costs | Free of charge | Banking fees | Transaction fees |
| Long-term value | Increases | Decreases | Fluctuates |
| Stability | Stable | Inflationary | Speculative |
| Volatility | Low | Medium | High |
| Reserves | Fractional reserve | No reserves | No reserves |
| Acceptance | Global | Eurozone only | Global |
| Money creation | Collective (decentralized) | Banks, Central banks (centralized) | Miners (decentralized) |
| Type of money | Positive money (credit) | Negative money (debt) | Neutral |
| Financial bottom line (profit) | Positive (no debt, no fees) | Negative (debt, fees) | Inconsistent |
| Social bottom line (people) | Positive (universal basic income) | Negative (poverty, inequality) | Rather negative (inequality) |
| Ecological bottom line (planet) | Positive (reforestation, recycling) | Negative (environmental destruction, waste) | Negative (massive carbon footprint) |
| Decision-making | Collective (user community) & direct democratic | Centralized (council) & non-democratic | Decentralized (miners & developers) & democratic |
| Organization structure | Non-hierarchical | Hierarchical | Non-hierarchical |
| Separation of power | Yes (executive, legislative, judicial) | No | No |
| Values | Equality, Sustainability, Diversity, Sufficiency, Solidarity, Transparency, Stability |
Stability | None |
| Type of organization | Decentralized collective organization | Independent government authority | Decentralized autonomous organization |
Building a sustainable financial system takes time. The Neco project is currently in the prototype phase. During this phase, private crowdfunding is used to finance the initial development of the Neco platform, consisting of the Neco app and our Stackchain technology. For our private sales investors and prototype users, we offer basic features through our prototype platform.
Neco will go public in 2021. During the rollout phase, the project will be financed through multiple series of public crowdfunding, primarily through three Initial Coin Offerings (ICO):
