As seen earlier, Fair.Coop has a political framework for management of the commons based on working commissions and councils, as well as spaces for participation and digital direct democracy, in terms of policy decisions.
What remains to be explained is the inner workings of Fair.Coop regarding commons-related revenue and expenses.
To begin to cover expenses the Pool Fund has been created with an initial contribution:
The Ecosystem Council, an unpaid job, is responsible for deciding on the cost of this pool fund and all such decisions are shared in the internal economy group on FairNetwork .
Each commission may need to submit their plans and costs to this Council group and they will receive a transaction from the fund, once approved by the Council.
Each commission will be responsible in turn to make a consensus-based decision on how those funds are to be distributed once the task is done, considering both the needs and involvement of each member.
The Economic Management commission will note all fund transactions on the Economy group, plus each transaction can be traced and verified on the blockchain.
You can see all the movements here.
Sources of income for the Pooled fund
Three forms of revenue for the pooled fund are planned:
Detection of new blocks through minting of the funds donated to be managed by Fair.Coop, generate an amount of faircoin to reward your savings. This new faircoin, before distribution to the fund’s projects starts, can revert 100% in a source of income for Fair.Coop.
As funds are being awarded to projects, but are still in the latency period, half of the faircoin generated from minted blocks will go to the project, and the other half to the Pool Fund (50%).
Finally, from the moment projects pass the savings phase they can keep 100% of the product of the blocks found, or spend it if they wish.
As planned for the FairMarket initiative 0.5% of the faircoin transaction value will be used as a tax to feed the Pool Fund. Those who use fairCredit (once is it is operational) can save this commission.
As explained on the fairCredit page withdrawal of fairCredit out of the system will be disencouraged by applying a tax to it which, once covered for the cash fund, can also go to the Pool Fund.
So, as you can see, the primary source of income would decrease in amount of faircoin, while the next two will tend to grow as long as economic activity grows within Fair.Coop.
The goal then, is for Fair.Coop’s Pool Fund to finance itself so that donation campaigns are intended exclusively for the three funds Fair.Coop gives to the world.