Labor-value Token LVT
When coming thinking of crypto-economics and economical theory, some participants in the fintech cooperative ecosystem discussed about supposed fair means of payment for tasks and jobs. The Labor Value Theory argues that the value for a good or service came from the time invested in its production. How all Old Paradigm’s theories, this can be understood like a limited perception in the question of economics and value/price, and now is a disproved theory; but anyways it contributed to the historical development of abstract thinking and understanding of Economy. For a lot of people which only property is their only own working time, what Marx’s called proletariaat*, like most of us in a lot of periods of our live, it can sound fair and equitable. And for sure it is fairest than fiat currency from nation-states and plus-value stealing from bourgeoisie… Just assign a value for your labor time you trade with others.
Like tribute to the classic Political Economy we launched the Labor Value Token, first like a testing of a debt tool for accounting internal jobs of development and design teams. Like experiment, we show how any other entity will be able to emit its own Labor Value Token or its own debt token, and any other financial token instrument and confederate its value with other cooperative entities and ecosystems using the Confoederatio Decentralized Trade platform, an DEX exchange over the counter market and smart contract creation dapp.
This token inaugurates a series of token-financial instruments issued by the cooperative fintech ecosystem for educational, utility, crowdfunding and mutual credit purposses only.
Cryptoeconomic characteristics of a Labor-value Token:
Debt instrument: The LVT is issued in form of debt by an entity and accepted only by participants in trust.
Bond: The LVT can be hold in form of bond. The emiting entity will pay an interest (coupon) at year, that can be paid semiannually half its coupon. Bond tokens and other asset backed tokens can be used for avoiding inflationary effects of fiat currencies and volatility of cryptocurrencies, bringing liquidity to social and cooperative projects.
ABT Asset Backed Token: The LVT smart contract is backed by asset value. Any entity can use the ABT smart contract model for issuing its own debt backed by trust, a NAV price (net asset value) or any property, shares, commoditties or promises.
Contract: 0x221939c77cb3f3400f32082a78c846917b908fc2
Type: LCX_ABT Asset Backed Token. ERC-20 Ethereum.
Ecofintech Coop’s Labor-value Token:
Total supply: 500 LVT
uint256 tokePrice = 3 (1 LVT= 3 hours’ labor, in ether = 60€)
Interest coupon: 5% per year (since received transaction)
Asset backed: Ecofintech Coop has commercial white label license fees for Confoederatio DTRADE dapp in concept of admin, that will be re-distributed to Ama-gi Income Smart Contract token holders. LVT is backed by shares of the commercial activity of the DAO coop. LVT tokens will count like cryptocapital participations and can be redeemed by Ama-gi Token fractions in form of capital participations in Ecofintech Coop’s shares during the Initial Entry Offering (an alternative to ICO).
Confederation:
Federated entities and cooperatives can emit their own debt token and its value will be endorsed by all other federated participants. Federated addresses will be certificated using blockchain signature. (possible BCA Blockchain Certification Authority). If you are interested in issuing your own debt token and participate in the confederation of cooperatives, contact us.
Federated debt tokens can be used for trade between others in form of currency.
ERC-20 standar: Any debt token can be traded globally in Confoederatio DTRADE decentralized exchange and listed in any other cryptocurrency exchange.
Acquire Labor Value Tokens and support Ecofintech Coop early development:
Send ether to: 0x943434ea4fd11920cfe810ba1e1a9a48a13e073c
Remember to send ether only from an ERC-20 compatible Ethereum wallet (Confoederatio DTRADE, Lescovex DEX, Myetherwallet.com, Metamask, Walleth android, etc). NEVER FROM AN EXCHANGE.