The Setúbal City Coin (#STB CC): Building a Sustainable Local Economy
The Setúbal City Coin (#STB CC) is a social token designed to boost Setúbal's local economy, encouraging digital transactions and investments in sustainable projects, particularly eco-friendly housing.
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by Nuno Dores
What is the Setúbal City Coin?
Digital Currency
The #STB CC is a locally-focused cryptocurrency that can be used for various transactions in Setúbal, encouraging digital payments and fostering a cashless society.
Social Token
Beyond its transactional function, the #STB CC serves as a social token, aiming to incentivize citizen participation in Setúbal's sustainable development initiatives, particularly in the realm of eco-friendly housing.
Investment Tool
Investing in the #STB CC allows individuals and businesses to directly contribute to the growth of Setúbal's local economy and share in its future success. This investment supports the development of eco-friendly housing projects and other sustainable initiatives.
Addressing the Housing Crisis through Eco-Friendly Homes
Sustainable Housing
The #STB CC initiative focuses on building energy-efficient homes using sustainable materials.
Affordable Housing
These homes are designed to be affordable for local residents, addressing the housing crisis in Setúbal.
Environmental Impact
Eco-friendly housing reduces the environmental impact, creating a sustainable living environment.
Funding Sustainable Housing Projects with the #STB CC
1
Initial Token Sale
Funds raised from the initial sale of the #STB CC are directly allocated to eco-housing projects.
2
Project Development
These funds are used to build and renovate sustainable homes in Setúbal.
3
Community Benefit
The completed eco-homes provide affordable and sustainable housing options for local residents.
Increasing the Value of Eco-Homes through the #STB CC
1
Sustainable Features
The #STB CC promotes the construction of homes with energy-efficient features, increasing their value.
2
Reduced Energy Costs
Eco-homes are designed to reduce energy consumption, resulting in lower utility bills and increased value.
3
Environmental Appeal
Eco-friendly homes are highly sought after, contributing to their higher market value.
Incentivising Digital Transactions and Local Investment
1
Digital Payments
The #STB CC incentivizes using digital payments within Setúbal, supporting local businesses.
2
Local Investments
Investing in the #STB CC allows individuals to support local projects and contribute to the community.
3
Economic Growth
Increased digital transactions and local investments contribute to the economic growth of Setúbal.
Promoting Sustainable Development in Setúbal
The #STB CC Ecosystem: Connecting Businesses and Citizens
Businesses
The #STB CC creates a platform for local businesses to accept digital payments and engage with the community.
Citizens
The #STB CC allows citizens to actively participate in local development by investing in the token.
Government
The government collaborates with the community to promote sustainable initiatives through the #STB CC.
Ongoing Community Engagement and Governance
1
Open Dialogue
Regular community meetings and forums provide opportunities for discussion and feedback.
2
Transparent Governance
The #STB CC governance structure is transparent, ensuring accountability and community involvement.
3
Community-Driven Decisions
The #STB CC project evolves based on community input and feedback.
The Future of the #STB CC: Scaling the Model Nationally
National Expansion
The successful implementation of the #STB CC in Setúbal paves the way for expanding the model to other Portuguese cities.
Sustainable Future
The #STB CC fosters a more sustainable, inclusive, and vibrant future for Setúbal and beyond.