Short description
indicated a desire to have students contribute their time to community service
Type
Status
Live
Tags
URL
Blockchain used
Contract address
Governance
ID verification
Location
University of Missouri at Kansas City
Number of users
Team
Created
May 16, 2024 1:34 PM
Follow
Open questions
Pros
As the university accept Buckeroo to pay a yearly ‘tax’ the coin gets a significant value
Cons
Succes
Total supply
Treasury
Sales status
Using Citizen Wallet
It works something like this (with variations by specific class):
- All students are required to submit 20 buckaroos by the end of the semester to get their grades. Buckaroos can be earned by doing designated community service jobs.
- There is no limit to how many buckaroos a student may earn.
- Buckaroos are freely transferable.
The value of the buckaroo has been 'internally stable' from inception, in that one buckaroo has always been able to purchase one hour of student labor.
The UMKC, as well as the students, have failed to identify any public purposes that may be served by having the UMKC pay interest on buckaroo savings, so the zero interest rate policy remains in place.
→ pay interest on money doesnet make sense