The Cooperative Reserve Denom: Redefining the social architecture of a reserve bank digital currency

The Cooperative Philosophy

We believe a sovereign, international, stable monetary currency should not be controlled by private interests but rather by a federated cooperative to ensure its future stays aligned with its founding principle: Universal Access to Reliable Money.

Future Custody of Real-World Assets

For Denom to grow toward its true potential, its reserves should have the ability to hold real-world assets through legally compliant means. This requires appointing representatives who can legally register and manage these assets. Critically, they should be held accountable by the public.

A Performant Autonomous Organisation

While the Denom algorithm works largely on auto-pilot, the on-chain cooperative needs to be able to take up federated responsibility for a variety of functions in the following fields: technical development, business development, branding and marketing, social outreach, governance integrity, treasury & budgeting, and others.

Adoption through Participation

We believe the best way for a new paradigm in currencies to gain adoption is through participation. The cooperative has to foster an open framework catering to all individuals regardless of their socio-economic background and empower them to take up responsibility.