∈dges

Joining the community

To join the community, you must (i) be attending Edge City Lanna, and (ii) deposit $20 USD or equivalent with the community “secretary”. You’ll then get onboarded as a community “member” and receive 100∈.

All community members' $20 deposits are put in a community pool. Any member of the community may ask the secretary to return their initial deposit at any time, which will result in the termination of their membership status.
In fact, any member of the community may ask the secretary to take out up to 5x their initial deposit--however, this is strongly discouraged. If someone takes out more than they put in, that person's membership status will be terminated and the community will be notified.
The purpose of the Community Pool is to establish a condition of "unsecured trust". It is a symbol of each community member's agreement to participate in good faith.

Members may send ∈dges to members or nonmembers (i.e., anyone with an email address). Non-members who hold ∈dges may only send them to members.
Every time you send ∈dges, you must note the purpose of the ∈dges payment.
∈dges payments are untaxed when they are:
- To members; AND in exchange for:
  - Personal services,
  - Perishable goods,
  - Work on listed ∈dges / Edge City Lanna projects.
∈dges payments are “exit taxed” when they are:
- To non-members; OR in exchange for:
  - Non-perishable goods,
  - Work on unlisted private / personally-owned projects.
Exit taxes are 100% and are payable in ∈dges.

Personal Services: Ethereal services that don’t add value to a durable asset.
Perishable Goods: Items intended for immediate consumption.
Listed Projects: Projects listed on the community repo, dedicated to the community good and not privately owned.

Rules may evolve and change over time.
The ∈dges secretary runs meetings for voting on rule changes and may put their role up for election.

Value Creation is a metric that is displayed on the Participants page to represent who is creating value in the community.
Value Creation measures how many ∈dges each participant has received, and how many different people have sent them ∈dges.
- It is calculated by summing all the transactions a participant has received from each sender, taking the square root, and adding up all the results.
  - This means that participants who receive ∈dges from many different senders will score more highly than participants who receive ∈dges from only one sender.
- Each participants' Value Creation score depreciates by 5% every 24 hours.
  - This means that Value Creation represents who is creating the most value recently.