What is a Time Co-Op/Bank?
What is a Time Co-Op/Bank?
What is a Time Co-Op/Bank?
Time Co-Ops and Time Banks are cooperative community initiatives where people come together in a community to help one another as needed, free of charge. The time spent helping others is tracked using time credits in order to keep the process fair and balanced.
How Do They Differ?
What is a Time Co-Op/Bank?
What is a Time Co-Op/Bank?
A time co-op differs from a time bank in that; A co-op is generally a smaller group where the members are more heavily invested in one another and work toward a common goal, together. A time bank, on the other hand, may be a larger group with less committed inter-community ties and function more like a volunteer-based community economy.
What is KoinPurse?
What is a Time Co-Op/Bank?
What are Time Credits?
Our innovative time credit management app (or time banking app), called KoinPurse, is an automated timekeeping system that easily tracks your community's volunteer activities in order to maintain a balanced and equitable community.
What are Time Credits?
What are Time Credits?
What are Time Credits?
Time credits are essentially a timekeeping system to ensure equity within a time co-op or time banking community. When someone spends time helping another person, the person receiving the help credits the giver for the time spent - then that person can pass along the time credit to someone who helps them. Time credits are basically "time tokens" that are passed around within a community to ensure that everyone is participating equally.
Free-Form Time Banking
What are Time Credits?
Free-Form Time Banking
Is a decentralized and flexible system of time exchange where participants create, manage, and utilize “time credits” independently within their own groups or networks. Unlike traditional time banking systems with standardized rules and centralized administration, free-form time banking allows communities to develop their own agreements and practices for exchanging and benefiting from time credits based on their unique needs and priorities.
How Do I Do It?
What are Time Credits?
Free-Form Time Banking
1. Find people that you want to co-op or time bank with. Start a Kommunity or search for events on KoinBoard.
2. Start a WhatsApp Group (for example) to coordinate your Kommunity.
3. Use KoinPurse as your Time Credit Management app.
Click HERE to see how it works.
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