Neco is a stable currency for the common good. For our users, 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.
No debt. Funding for good causes.
Universal Basic IncomeReceive monthly basic income. Available for all users unconditionally.
Climate ActionAll users have a vote. Decision-making using collective intelligence.
Equality. Sustainability. Diversity. Sufficiency. Solidarity. Transparency. Stability.
DecentralizedNo hierarchies. Separation of power.
CollectiveAll users have a vote. Decision-making using collective intelligence.
Our values and a strong ethical code are an integral part of our organization. We have taken inspiration from various constitutions, legal frameworks and international agreements and compacted this wisdom into the DNA of our organization. The Neocracy is built upon the democratic cooperative business model rather than the capitalistic shareholder model. Our seven core values are: equality, sustainability, diversity, sufficiency, solidarity, transparency and stability. These values are enshrined in the Neco Constitution and cover all three parts of the triple bottom line (TBL) - ecological, social and economical. It supports the PPP principle for people, planet and profit.
We have designed Neco to overcome the flaws of our existing currency systems (so-called “fiat currencies” like dollars, euros, pounds, pesos) and the growing cryptocurrencies (Bitcoin, Ethereum, Litecoin, etc.). The following comparison highlights some of the main differences between Neco and these other currency systems.
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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) | Negative (since 2018) |
| 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):
