The Future of Community Economics

Native is a framework for community economics. It enables decentralized communities, known as Tribes, to generate their own currencies, raise capital and support projects they care about.

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Native Network

Native is a collective of users and Tribes. Joining Tribes that resonate with each user enables a higher degree of sovereignty in relation to where money goes, while it remains backed by the Reserve.

Native Reserve

The Native Reserve is a liquidity pool of ETH (Ether) and BNT (Bancor Network Token) that provides liquidity and convertibility. The Reserve’s value grows with each user who joins Native. The supply and price point of Native Token is also partially determined by platform activity which, unlike traditional economics systems, means your money is backed by you and your Tribe.

Tribe Token

Each Tribe has a local currency known as a Tribe Token. When a Contributor finds a Tribe, they stake Native Tokens to become a member, or earn them through completing tasks. Tribe Tokens are generated at an algorithmically calculated market price. The Native Tokens are split between the Local Reserve for that Tribe and the Tribe’s Development fund. The market cap of a Tribe Token is the value of the Tribe.

Development Fund

Funds not allocated to the Local Reserve are sent the to the Tribe’s Development Fund. The Tribe can lend and spend to execute goals. The amount of NT in the Development Fund represents one component of the Tribe’s value.

Native Token

Native Token is the base currency of Native. It is the entry point for membership to Tribes, and encapsulates the network’s value. Native Token holders are liquidity providers and support the network through its continued growth and contributions from Tribes.

Find your Tribe or start your own…

Curators

Curators are the founders of Tribes. They oversee and guide the Tribe as it grows. Initially curators define and facilitate the execution of goals through the allocation of funds and conducting capital raises on behalf of projects that have interests aligned with the Tribe. Curators can create proposals that are voted on by the Tribe to approve, and approve proposals from Contributors. In future versions of Native we will distribute this power directly to the Contributors.



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Contributors

Contributors join Tribes to participate in an economy that resonates with their interests and goals. Their contributions can be used within the Tribe or lent to members. Contributors can also utilize Native to plug their own projects into Tribes through making a proposal. The proposal can request funding or a loan from the vault, a request for external funding or active support from Tribe members.
Festival Tribe
Launch Tribe
Local Community Tribe

Festival

Jamal, an entertainment producer, is promoting his organization's second annual music festival. He creates a Tribe called The Festival and uses the mailing list from last year’s attendees to invite users to join. As the Tribes curator, Jamal launches The Festival token and sets a deadline date to raise 10,000 NT which will cover the festival’s performance costs. Jamal incentivizes users by offering them free festival tickets if they buy a certain amount, and the ability to stake interest in specific artists Contributors want to see at the event. If a performer receives the amount of tokens needed to cover their performance cost, then Jamal selects them for the festival. By the end of the campaign, 1,100 people received free festival tickets and 16 performers received enough tokens to perform.

  • 1 Collectively fund projects upfront to collect support and mitigate risk
  • 2 Use Tribe Token to stake votes for specific proposals
  • 3 Access member only features through token ownership

Launch Tribe

Thelonious has been involved in cryptocurrency for a few years. He receives requests from individuals who want an expert to guide them through the cryptocurrency space. Thelonious has access to unique opportunities and insight in the blockchain industry through his knowledge and connections. He wants to extend some these opportunities to his network, but coordinating all of the necessary parties for each opportunity is time-consuming and inefficient. He has a lot to gain from making these connections happen, because his network is willing to compensate him for his efforts. After discovering Native, Thelonious becomes a Curator and stakes NT to start his Tribe. Once he brings his network onto the platform, Thelonious can efficiently present opportunities to a network of people that trust him and are aligned with his vision. He never has to store or distribute funds because all transfers occur through smart contracts, which enables the secure management of project tokens.

  • 1 Present promising upcoming token launches to your tribe
  • 2 Work together to fund projects and gather support
  • 3 Efficient token distribution to contributors

Local Community

Ilse has a community of over 250 people in her local town in Vermont who are all interested in creating a sustainable farming movement that won’t rely on imported goods from outside of the economy. The group has been successful in setting up three farms that can grow 60% of the desired food. Essentially it functions as a co-op, but they need a method to expand the organization and have better tools to allocate funds. Ilse creates a Tribe which she calls Vermonters for Sustainability and requests that the community join the Tribe. The minimum amount to join is the equivalent of $100, but each member can store as much of their wealth in the Tribe that they would like. Over $55,000 is raised through the Native Token and the VST (Vermonters for Sustainability Token) starts to become the local currency for the group. It represents the ability to redeem funds for share of produce as well as partial ownership of the VS Development Fund, which earns revenue and lends funds to relevant sustainability projects.

  • 1 Represent your community on Ethereum with a local currency
  • 2 Connect into a Network of liquidity through the Native Token
  • 3 Raise funding to accomplish community goals while keeping everything local

Roadmap

Core Team

Jake Vartanian

Founder

Kirstyn McMullan

Co-Founder

Dean Eigenmann

Blockchain & Smart Contract Developer

Amith Nirgunarthy

Content Marketing

Simone Imbrescia

Development

Garrett MacDonald

Blockchain Architect

Tiero

Blockchain Architect

Sacha Bekkevold

Community Manager

Advisors

Valerio Versace

Security/Cloud Advisor

Matt McKibbin

Chief Decentralizer

Evan Caron

Markets Advisor

Micah Spruill

Token Advisor

Brad Mills

FOMOnomic Advisor

Partners