Imagination Théo Bondolfi, formalized with AI assistance.

Credits Explained — Cash Credits & Miles Credits

Credits at a Glance
Types	Cash Credits 💰 + Miles Credits 🔗
Gift	Separate, voluntary (see below)
Basis	Bonding Curve (real expenses)
Speculation?	❌ None — transparent
FINMA	Sandbox / utility token
See also	Miles Market
See also	Terms & Conditions

WikiDeal generates two types of Credits when you back the project or participate in its programmes. Understanding these Credits is key to understanding how WikiDeal works.

The Two Types of Credits

💰 Cash Credits (no guarantee*)

Cash Credits are convertible to CHF — but without guarantee. Their availability depends on the financial health of the platform: how much revenue is generated by monthly subscriptions, how many users are active, and whether the budget covers costs. Cash Credits are honest: if the platform doesn't generate enough revenue, Cash Credits are not distributed that month. They represent a conditional claim on future subscription revenue, not a debt.

Convertible to CHF when funds allow
Subject to 5% annual value increase (defined algorithm)
Held in your personal account (Priority 2)
Tax applies at cash-out

* No financial return is guaranteed. See Terms & Conditions and FINMA sandbox rules.

🔗 Miles Credits

Miles Credits are exchangeable for services and goods within the WikiDeal ecosystem — within Rings of Trust (agreements between ≥2 User Groups). Miles Credits are not convertible to CHF, but they have real value: housing, transport, food, tutoring, and many other services can be accessed with Miles Credits. Their value is determined by the Miles Market algorithm.

Exchangeable for services within Rings of Trust
Value determined algorithmically (supply & demand)
Not convertible to CHF directly
Earned through volunteering, programme participation
Usage coefficients: 1 (restricted) to 10 (widely accepted)

Gift — A Separate, Voluntary Concept

What is a Gift?

A Gift is a voluntary Donation from a funder or participant to the WikiDeal community pool. It is NOT a type of Credit — it is a separate act. The amount of Gifts available depends on the pressure degree:

Less pressure from funders = more Gifts by default (community benefit maximized)
More pressure for personal return = fewer Gifts (deducted from the bonding curve)
Gift WIL is dedicated to community-benefit purposes: subsidized memberships, User Group grants, common pool

Gifts appear in FAQ and T&C pages, not in the main user flow. When you back WikiDeal, you choose between Cash Credits and Miles Credits — Gift is an optional, voluntary layer.

The Mathematical Relationship — Bonding Curve

All Credits are generated by the Bonding Curve — a mathematical formula that determines how many Credits you receive per CHF contributed:

Available Credits = Bonding Curve − Gifts

Where:
Bonding Curve = f(CHF contributed, position in curve)
Gifts = f(Miles pressure + Miles in common pot not consumed)

Cash Credits depend on: financial budget security
Miles Credits depend on: community activity + Ring capacity

Key properties of this formula:

Gifts depend on: combined Miles pressure + Miles in the common pot not yet consumed
Cash Credits depend on: the platform's financial budget security
Everything moves based on real expenses — no speculation, no invented values
Early funders get more Credits per CHF (bonding curve rewards early commitment)

"Stimulating but not speculative at all — because everything is transparent."

The Boost Mechanism

The Boost mechanism is the auto-regulator between Cash Credits and Miles Credits:

Phase 1 — Miles first: When the platform is growing, Miles Credits increase first. More services are available → community activity grows → Miles value rises.
Phase 2 — Cash follows: As the service economy grows, subscription revenue grows → Cash Credits (no guarantee*) become available → funders can convert to CHF.

The Boost ratio changes based on the platform's NEEDS — not based on speculation or market sentiment. When the platform needs more community activity, Miles ratio increases. When revenue is secure, Cash ratio increases.

Boost Ratio = f(Active funders / Platform funding needs)

Early stage: 70% Cash Credits / 30% Gift
Growth stage: 40% Cash Credits / 60% Gift (more community benefit)
Mature stage: Equilibrium based on real subscription revenue

The Currency Name — The WIL Hypothesis

The name WIL (WikiDeal Investment Licence) is a hypothesis — not a final decision. The WikiDeal community may evolve this name as the project grows. What matters is not the name, but the concept:

1 WIL = 1 month of platform usage = CHF 1 nominal value
WIL exists in two main forms for users: Cash Credits (no guarantee*) and Miles Credits
Gift is a voluntary layer, not a type of WIL per se
The 5% annual value increase is defined by algorithm, not subject to vote

The community may propose alternative names via the Open Call process. The underlying mathematics and principles are immutable; the label is not.

Transparency and Honest Accounting

WikiDeal's credit system is built on a principle of radical transparency:

At-cost: All Commissions are charged at cost — no profit extracted by the platform beyond operating expenses
Real expenses only: Credits are only distributed when real revenue exists to back them
Public ledger: All Credits generated, distributed, and redeemed are logged publicly
No hidden fees: The bonding curve formula is published and immutable
FINMA sandbox: WikiDeal operates under Swiss FINMA sandbox rules for experimental financial mechanisms

* Cash Credits are subject to platform revenue availability. No financial return is guaranteed.

Replicable Model: Every User Group Can Launch Its Own Funding

One of WikiDeal's most innovative features: every User Group can launch its own funding campaign using the exact same methodology as WikiDeal Core. The same bonding curve, the same Cash Credits and Miles Credits, the same Gift mechanism operating in the background.

This means:

The Babysitting User Group can run its own bonding curve to fund local deployment
The Street Fundraising User Group can attract funders specifically for NGO fundraising Infrastructure
Any new User Group can bootstrap itself using a proven, transparent funding model

The model is fractal: WikiDeal Core funds the platform. User Groups fund their specific marketplaces. The same machine operates at every level — transparent, at-cost, non-speculative, governed by the Boost mechanism.