Asgardia currency

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Currencies contest

Your opinion is very important to determine and analyze the possible system of Solar conversion in open currency markets and its ratio to the main fully convertible currencies chosen by Asgardians for this purpose.

Voteloader
Jun 24, 01 / Jun 13, 17 09:29 UTC
Take this as a ***long term*** task but, as a sovereign nation, I think we should have our own currency too. Ministry of Finance will sure agree we'll must have exchange rates to other world's currencies. Even if it may sound strange, having an internal currency which is related to external ("normal") ones is not so hard task: someone did it even if not being a nation (look at SecondLife's "***Linden dollar***", ***L$***, which is having exchange rates with USD and, thus, all other currencies in the world. No need to say what we can do, with our currency: I'm not an economist but you may figure it easily. I'll propose some ***names*** even: 1. ***Asgardia's crown***: coming from Norse's actual currency, adapted to our Nation's name: the "***crown***". 2. ***Asgardia's Credit***: a fair used Sci-Fi currency, the "***credit***". 3. ***Asgard***: same as before but more compact name. 4. ***Solar***: with **XSL** as currency symbol. *@petrv* proposal. Currency code ISO-4217: **XAS** ( ) which is currently free to use. All of this will hopefully be useful to develop ***internal commerce*** (eBanking) and finance.
Jun 24, 01 / Jun 13, 17 09:29 UTC
Rare pepe trading cards
Jun 24, 01 / Jun 13, 17 09:29 UTC
I like the simplicity of "Credit", but considering the amount the planet Earth owes (to....ummm someone), it may be better to call it "Debt" tokens. Which leads to EyeRs' trading cards idea maybe being a good option in the long run.
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Jun 24, 01 / Jun 13, 17 09:29 UTC
Although they are a "legitimate form of currency", the submission of "rare pepe trading cards" wasn't intended to be taken seriously. Like the concept of "internal currency" itself, surely?
Jun 24, 01 / Jun 13, 17 09:29 UTC
Pushing ***@petrv*** proposal one step forward: **Sol** ;-) Now, ***@petrv***, you've to find a viable acronym, as XAS fits for Asgard but not for Solar or Sol. ;-)
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Jun 24, 01 / Jun 13, 17 09:29 UTC
Updated! :-)
Jun 24, 01 / Jun 13, 17 09:29 UTC
I like Asgardia's Credit, but I think it's fairly long. Maybe do a combination of the second and third suggestion and name it Asgard Credit? I don't like the first and fourth as they make reference to existing currencies, I think the currency should be named uniquely. I don't care ...
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Jun 24, 01 / Jun 13, 17 09:29 UTC
I think the marketplace for currency is already incredibly overcrowded. I also think that an "internal currency" is going to be of no use in the short term. Whilst we generally exist on Earth, in other countries, the local currecny is a far more sensible solution. Trade almost always takes ...
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Jun 24, 01 / Jun 13, 17 09:29 UTC
Yeah, this would be pretty much a long-term solution. I agree that using local currencies is more feasible and practical.
Jun 24, 01 / Jun 13, 17 09:29 UTC
***@petrv*** Sol rolled back to Solar :-) ***@Mutyumu*** It's not that difficult to set-up an internal currency: just to take a name (let's we say "asgard", XAS, for simplicity?) and let's say "*you make the (useful) software application ABC, place it into Asgardia's MarketPlace (MP from now forward) and other ...
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Jun 24, 01 / Jun 13, 17 09:29 UTC
@petrv 'currency name need not to be unique - there´s lot of different dollars, crowns etc.' While I agree with you in the sense that is not a requirement, I would rather it to be different and I think 'credit' or 'Asgard' fits in perfectly but that's just my opinion, ...
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Jun 24, 01 / Jun 13, 17 09:29 UTC

@petrv
I´d say to set some kind of A sgardian N ational B ank instead of ASE...

Maybe we'll need both ones, I hope, at least. ;-)

@Mutyumu
I'm pretty sure things ...

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Jun 24, 01 / Jun 13, 17 09:29 UTC

We do not need any currency, we are gonna build a new society and we could be free from the error made in past. We could adopt a new kind of currency, the social points. Every work you make you will earn social pints to spend for your needs. ...

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Jun 24, 01 / Jun 13, 17 09:29 UTC

Hi Dario,

as I've told before, speaking of " points ", " credits ", " asgards ", or " solars " is, at last, the same , as " 1 ...

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Jun 24, 01 / Jun 13, 17 09:29 UTC

Definition of currency

plural currencies

  1. 1 a : circulation as a medium of exchange
    b ...
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Jun 24, 01 / Jun 13, 17 09:29 UTC

Looking forward to read your document, @Phicksur . :-)

GLG