Allodium backs an abundance-based monetary system. As every member of Allodium knows, each member of the Cooperative generates one Appreciation Token (@) every day, which is automatically added to their account.
Tokens can be used for transactions (market is developing) and for re-investing in Allodium OG Creds (Ø). 1000@ can be exchanged to the OG Foundation Reserve in order to generate 1 OG Cred (Ø), which represents a stake in Allodium, rewarding an additional 10@/week, as well as other benefits/responsibilities. More info about Ø available here: http://ogfoundation.com/allodium/og-creds-o/
Appreciation Tokens (@) and Ø are accounted for on the Allodium Exchange Ledger, which forms a blockchain out of weekly blocks of transactions (simply means that each weekly block of transactions can be viewed at any time along the chain of blocks, for transparency and accountability).
The Allodium Exchange Ledger can be viewed in full here: https://docs.google.com/spreadsheets/d/1Py5dJTLGr-lLzPxBEzFf2ji94nRjpRwJSkeknNidbYc/edit?usp=sharing
In order to exchange 1000@ to generate one OG Cred (Ø), @ must be on the Allodium Exchange Ledger, and members must accede to the Affirmation of Truth, Rights, and Responsibility, in order to become a stakeholder in the Sovereign Cooperative. Affirmation available here: http://ogfoundation.com/members/affirmation/
Allodium Appreciation Tokens (@) also trade on the Waves Decentralized Exchange, under the ticker: "Allodium AT".
The Allodium Appreciation Tokens (@) can be transferred from the Allodium Exchange Ledger to the Waves Decentralized Exchange (and vice-versa) manually, once a week, and they exchange at a 1:1 ratio.
How to Use the Waves Decentralized Exchange:
Step 1. Download the Waves platform here https://wavesplatform.com/
Step 2. Set up an account (Write down your Seed Words in a secure place and do not lose them!)
Step 2a. Appreciation Tokens (@) can now be transferred from the Allodium Exchange to Allodium AT on the Waves Exchange. Contact Naan and provide Waves Exchange address and amount of @ to transfer to facilitate this process (no more than one request per week).
Step 3. Purchase Waves Coins - this can be done via shapeshift.io or directly on the Exchange, by transferring cryptocurrency onto the exchange and then exchanging them for Waves coins.
Step 3a. Small amounts of Waves coins (enough for a few dozen transactions) can be acquired for 5@ on the Allodium Exchange Ledger, by contacting Naan, who will deduct the 5@ and send the .1 Waves to the address of the member's Waves account.
Step 4. On the Waves Platform, under the trading section (not the token generation section), in the "add token" search field, search for "Allodium AT" and add that coin to your list (delete unnecessary coins on list for clarity). Once that is selected, you will see the market for Allodium AT, including the chart, buy, and sell orders.
Step 5. Place order(s) to buy Allodium AT using available Waves Coins, and once Allodium AT are in your portfolio, you can also make sell orders to sell Allodium AT for Waves coins.
Step 6. Allodium AT can be transferred back to the Allodium Exchange Ledger by sending them to the address 3PLsA17FVpNozzKMD8bUeemnoMHtS2iLEme which is the OG Foundation reserve address. Include member's name and OG# in the comment section when sending the tokens, and the member's account will reflect the additional @ on the next Block, published on the next Tuesday Allodium Exchange Ledger Report. If member has 1000@ and would like to exchange them for an OG Cred (Ø), contact Naan with the request; assuming the member has acceded to the Affirmation and a majority of Ø approve, the member will receive the generated Ø and the 1000@ will be transferred to the OG Foundation Reserve account.
*Allodium AT in the OG Foundation Reserve address are accounted for on the Allodium Exchange Ledger and are used to add liquidity and balance to the market with buy/sell orders.
*A total of 1,000,000 Allodium AT were generated, but they remain in the Allodium Reserve account, and only enter into circulation as @ are transferred from the Allodium Exchange to the Waves Exchange. The total in the Allodium Reserve account and outstanding Allodium AT are accounted for on the Allodium Exchange Ledger.