Imagination ThΓ©o Bondolfi, formalized with AI assistance. This page awaits more human validation.
Miles Credits at a Glance
SymbolπŸ”—
Convertible to CHFNo
Usable forServices in ecosystem
Earned viaFunding, contribution
Value driverSupply & demand
Usage scopeRings of Trust
Coefficient1–10
See alsoMiles Market
See alsoRings of Trust

Miles Credits are a type of WikiDeal Credit exchangeable for services and goods within the WikiDeal ecosystem β€” specifically within Rings of Trust. Unlike Cash Credits, Miles Credits are not convertible to CHF. Instead, they enable a functional complementary economy where housing, transport, food, tutoring, and many other services can be accessed directly.

Miles Credits are the currency of the WikiDeal community economy β€” not speculative, not financial, but immediately useful.

What Are Miles Credits?

Miles Credits represent access to services. When you earn Miles Credits β€” through funding WikiDeal, contributing to a programme, or participating in community activities β€” you can spend them on services offered by other WikiDeal members within Rings of Trust.

How Miles Credits Work

  1. Earning β€” Miles Credits are earned through funding contributions (as P1 reward), volunteering, programme participation, or as a small welcome amount.
  2. Spending β€” Miles Credits can be exchanged for services offered within Rings of Trust (agreements between β‰₯2 User Groups).
  3. Value determination β€” The Miles Market algorithm sets Miles value based on supply and demand within each Ring. More service providers β†’ lower Miles value per service. Fewer providers β†’ higher value.
  4. Usage coefficients β€” Each Ring applies a usage coefficient from 1 (restricted access) to 10 (widely accepted across many Rings). Higher coefficient = more versatile Miles.

The Double Indicator

Miles Credits carry a double indicator that reflects two dimensions of value:

A Miles Credit for rare services in a small Ring is worth more per unit than Miles in a saturated Ring with many providers offering the same service.

Supply and Demand Dynamics

Miles Credits follow community supply and demand:

This is not speculation β€” it is a transparent reflection of real economic activity within the community.

No Self-Generation

Miles Credits cannot be self-generated by a User Group or individual. The only exception is a small welcome amount granted to new members to facilitate their first interactions in the ecosystem. This prevents inflation and ensures Miles remain tied to real contribution or funding.

Needs Addressed

Miles Credits address the need for a functional internal economy within WikiDeal β€” one that does not depend on CHF, does not create financial risk, and enables community members to exchange value directly. This is the "complementary currency" dimension of WikiDeal: not a substitute for money, but a supplement that enables cooperation.

See also: Cash Credits Credits Explained Miles Market Rings of Trust 12 Programmes Balance Boost

πŸ’‘ Improve this concept β€” submit a proposal via Open Call