What are the differences between the memberships?

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Investor or Co-founder Member*: 1000 (or more) eur = 1000 shares

  • Participate in assemblies and decision-making processes
  • Store – move FairCoin
  • Hold savings in euros
  • Send money via bank transfer
  • Receive bank transfers
  • Exchange from euro to physical cash if this service is available in your country
  • Exchange from euro to FairCoin and vice versa
  • Invest in cooperatives and receive profit if they share it

Individual Full Member: 100€ = 100 shares

  • Participate in assemblies and decision-making processes
  • Store – move FairCoin
  • Hold savings in euros
  • Send money via bank transfer
  • Receive bank transfers
  • Exchange from euro to physical cash if this service is available in your country
  • Exchange from euro to FairCoin and vice versa
  • Invest in cooperatives

Collective Full Member: 200eur = 200 shares

  • Participate in assemblies and decision-making process
  • Store – move FairCoin
  • Have savings in euros
  • Make bank transfers
  • Receive bank transfers
  • Exchange from euros to physical cash if this service is available in your country
  • Exchange from euros to FairCoin and vice versa
  • Invest in cooperatives

Limited Member: 1eur = 1 share

(Available in the last quarter of 2017)

  • Participate in assemblies and decision-making processes
  • Can store-move FairCoin
  • Can hold savings in euros, with a maximum limit
  • Can send money via bank transfer to other members of BotC or to your account in another bank
  • Can receive bank transfers from other members of BotC or from your account in another bank
  • Exchange from euros to physical cash if this service is available in your country, with a 1% fee
  • Exchange from euros to FairCoin and vice versa with 1% fee
*The application period to become a co-founder closed in July 15th. From this date onwards, people who invest the same amount (1.000€) will be given an investor membership. The difference between investor membership and full membership is not decided yet. Eventually, through the Coopshares, one of the objectives of Bank of the Commons is to invest in cooperative projects in the future via shares. How much shares a member has could be a point of reference to distribute the profit generated from such an investments. All the decisions related to these issues will be made in future BotC open assemblies. What type of membership you obtain doesn’t affect your vote, as every member of anykind has one vote.

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