True Economic Democracy

Pantrypoints implements trisactions in order to create Economy-as-a-Service or EaaS platform to facilitate true True Economic Democracy

Introducing Tri-sactions

Trisactions allow money, moneyless, or metaverse transactions in order to allow the economy to run under any social conditions, allowing true economic freedom

1: Moneyless

Moneyless transactions use stored-value barter measured in points which are pegged to grains. This implements the grain-based valuation in The Wealth of Nations by Adam Smith

2: Money

‘Money points’ allow money to pay for the moneyless transactions via cash or cashless banking apps of the fiat economy

3: Metaverse

The points can be converted to Pantry Coins to allow regulated transactions from the Metaverse via Ethereum. This is useful for cross-border transactions

The Points Economy

Unlike money which is a single kind of store of value, points take various forms for easier points-taxation, points-accounting and analytics.

Loyalty Points

These are points given by businesses to their customers to incentivize repeat purchases. This is used to ’train’ people in the use of points

Social Points

These are points used for donations and relief. We use this primarily to incentivize food rescue and plastic waste collection to realize a moneyless circular economy

Trade Points

These are points for barter transactions. Unlike social points which do not seek something in return, trade points do. This is the foundation of Points-banking