BACKED BY GOLD: EACH CAROLINIUM GOLD TOKEN IS BACKED BY PHYSICAL GOLD, SECURELY STORED IN AUDITED AND INSURED VAULTS WORLDWIDE.
STABLE VALUE: DOLLAR-PEGGED, WITH EACH TOKEN DYNAMICALLY BALANCED TO MAINTAIN A CONSISTENT VALUE.
REDEEMABLE & LIQUID: TOKENS CAN BE REDEEMED FOR GOLD OR SOLD FOR USD OR USDC 1 FOR 1.
USDC ON POLYGON: PURCHASE AND SELL USING USDC ON THE POLYGON NETWORK FOR EFFICIENT, LOW-COST TRANSACTIONS.
INSTANT SETTLEMENT: TRANSACTIONS ARE FREE FROM SETTLEMENT OR CREDIT RISK, OFFERING NEAR-INSTANTANEOUS SETTLEMENT.
ABOUT PARALLEL COMMUNITY CURRENCIES
Parallel Currencies exist to facilitate commerce within local communities and to preserve and restore the local nature of Society, enabling local merchants and Society members to sow the seeds of an independent economic future. Entering a new era, Parallel Currencies are beginning to leverage cryptocurrency’s blockchain technology to create a low cost, local, prosperity creation platform.
The purpose of Parallel Currencies is to function on a local scale the same way that national currencies have functioned on a national scale—but focus on building the local economy by maximizing circulation of trade within a defined region. Widely used in the early 1900s, local currencies are again being recognized as a tool for sustainable economic development. The currency distinguishes the local businesses that accept it from those that do not, building stronger relationships and a greater affinity between the business community and the citizens of a particular place.
The people who choose to use the currency make a conscious commitment to buy local first. They are taking personal responsibility for the health and well-being of their community by laying the foundation of a truly vibrant, thriving local economy.
Our Parallel Currency CAROLINIUM is not intended to replace federal currency. Their use will help strengthen the regional economy, favoring locally owned enterprises, local manufacturing, and local jobs, and reducing the region’s dependence on an unpredictable global economy.
To learn more, there’s no better place to start than with the grandfather of most successful local currencies BERKSHARES berkshares.org
Around the same time that we started building our platform BERKSHARES went digital as well. So we are in good company, however we won’t be directly connected to any banks.