Community Asset Vouchers (CAVs) are tradable vouchers, their rules set by the issuing party or parties on the Celo Blockchain. This guide will help you design and release your own CAV or one for an association you represent.
The essence of a CAV is to offer a contractual promise, redeemable either by you or an association.
The CAV's ultimate aim is community improvement. When planning it, listening to everyone and refining concepts are crucial. Setting a timeline and defining the CAV's application in projects is also vital. Think of this planning as creating a social enterprise business plan, but with community involvement.
Here's what we'll discuss:
- Issuer Details: Who's creating the CAV?
- Naming & Purpose: What's your CAV's name and what can it be exchanged for?
- Valuation & Amount: How much is the CAV worth and in what terms (e.g., USD or Eggs)? How many CAVs will you produce and what's their total worth?
- Expiry: When do CAVs expire, and where are they renewed?
- Customization: Any special features for your CAV?
- Finalization: Here, you'll seal the deal and release your CAV on the blockchain.
Warning
This walkthrough and lessons learned described here are based on practical experience in villages in Kenya. This does not constitute financial advice. Use at your own risk. Also note that by issuing a voucher you are obligated to redeem the voucher as specified in this process.
Grassroots Economics Foundation has no liability or obligation toward the usage of access to your voucher. You are publishing your voucher on the CELO blockchain which is public and all transactions and usage of your voucher will be transparent to the public. All information you enter on this website / tool should be considered public. Do not enter private information. This information is crucial for people to know necessary about your CAV and how to contact you.
If you are considering issuing or using a voucher, it is important to weigh the risks and benefits carefully. Here are some additional things to keep in mind about vouchers:
- They are not necessarily regulated by all governments, which means that there is no state guarantee of their safety or stability. Please check within your jurisdiction the local regulations.
- They may only be accepted by the issuer (you or your association) and may not be accepted by other businesses or individuals.
- They may be difficult to redeem for cash or other currencies.