Disclaimer and Use Policy

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Last updated: [7 Aug 25]

see terms and conditions

Purpose of KoinPurse 

KoinPurse is designed to promote community participation. Whether used as a gesture of recognition—like a challenge coin—or as a fun way to gamify volunteering and engagement, Koins make social responsibility both meaningful and enjoyable.

Nature of Koins

1. Koins are not currency.

2. They have no cash value and cannot be bought, sold, earned, transferred for money, used for compensation, or redeemed for any financial purposes.

3. There is never an obligation to give or receive Koins. Koins are a voluntary acknowledegment of donated time.

4. Koins serve to make more meaningful and gamify the experience of community service. 

5. All donated time is voluntary and is intended for personal, household, or community benefit, not for business or professional purposes.

Monthly Subscription Fee

We charge a modest $3 monthly fee to users to help cover the costs of:

1. App and website development and technical maintenance

2. Hosting and software services

3. Administrative support

4. Other business operations

5. Excess proceeds may be donated to charity

This fee does not grant ownership or purchase of Koins, and is not tied to the value of time donated or anything else. 

Tax and Legal Standing

Participants are held solely responsible if their use of the platform deviates from the intended community-based, volunteer principles.

Transparency and Accountability

Our platform is designed to operate in alignment with the values of community, equity, reciprocity, and volunteer service. We are committed to staying within the IRS’s guidelines for time-based volunteer mutual support systems.

If our model ever changes in a way that might affect its status, we will update this policy immediately.

Questions?

If you have any concerns about how time credits might apply to your specific tax situation, we encourage you to speak with a qualified tax advisor or accountant.