A Digital Currency System Designed for Community Economies
Each Community Manager gains control over their own, custom-named digital currency, which we call Energy Coin. Each community Energy Coin is operationally and programmatically tied to the MUZE Token. Energy Coin is a digital currency system that operates within the Muze Network ecosystem, and in ways under each Community Manager’s control.
Community Energy Page lists all community Energy Coin, funding pool (community capitalization), pending Energy Rewards, and more.
Energy Coin is a digital currency system designed for creators and all community economy builders.
Earn Energy Coin
As fans and followers purchase and spend a community’s Energy Coin, community managers earn it. Energy Coin can be spent in a wide variety of ways that community managers create and manage using the Community Platform built-in tools.
Ongoing Support - Earn Energy Coin Rewards
Each month Muze Network distributes rewards to Community Managers in the form of additional amounts of their Energy Coin. These rewards are based on community activity and engagement measures. The more active your community, the more rewards you earn.
Guaranteed Community Economy Stability
We back 100% of all community Energy Coin in circulation with MUZE Token. In this way, we guarantee the liquidity of many small community economies that would struggle to stand alone. All holders of Energy Coin can exchange it for MUZE tokens. We also ensure the value of each community Energy Coin pool by establishing programmatic measures that protect against deflation, as a result of drops in the price of MUZE Token.
Seed Grant Funding
We invest in every community that finds a home within Muze Network. Each Community Manager receives a seed grant of 50,000 of their Energy Coin to use as they see fit. It’s backed by and exchangeable for MUZE tokens according to a vesting schedule that applies to all community managers.
Exchange Energy Coin For MUZE Tokens
Holders of any Energy Coin can exchange desired amounts for MUZE tokens, which can, in turn, be exchanged for other cryptocurrency or dollars. The price of each community Energy Coin is pegged to the price of MUZE Token.
Exchange Energy Coin For US Dollars
Holders of any Energy Coin can exchange desired amounts for US Dollars. The price of each community Energy Coin is pegged to the price of MUZE Token.
Send Energy Coin
All members of the Muze Network (community managers and regular members) can send Energy Coin they own to any other member in the network, instantly, with no gas or transaction fees, ever.
A Digital Currency System Designed for Creators
From their Energy Wallet, each member can manage their Energy Coin holdings. Track their balance, the total value for each (pegged to the price of MUZE), send an Energy Coin to any other member of the Muze Network, make purchases, and exchange any Energy Coin for MUZE tokens. It’s a complete and incredibly easy-to-use digital currency system.