We .....................................................................................................[Group Name] (herein called the Founding Member(s)) hereby agree to the Grassroots Economics Commons Agreement and join as a Member. Further we seek to create a Voucher registered on the Sarafu Network Platform as per the Service Agreement with Grassroots Economics Foundation.
All further mention of Vouchers in this agreement will refer to the Founding Member’s unique Voucher with the following properties and constraints:
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Voucher Name: .............................. e.g. Weza Voucher (Minimum 3 and Maximum 32 characters))
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Voucher Symbol: ............................. e.g. WEZA (Minimum 3 and Maximum 6 characters used for display on the Platform)
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Voucher Supply: ............................. e.g. 4,000 Four Thousand Weza Vouchers (Note that this will be the sum of all signed ad audited offerings of Members)
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Unit of Account and Denomination:
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e.g. Bodaboda transport minutes or liters of drinking water.
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Acceptance rate:
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e.g (Items worth an equal amount) 1 Minute of Boda transport or 20 liters of drinking water or equivalent goods or services should be obtained in return for 1 Weza.
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Community Account for Issuance: Created vouchers will be placed into the following account with the specified amount:
Amount .................... Account Phone Number..................
e.g 4,000 [WEZA] +25472865xxxx
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Expiration Rate: The Vouchers expire at a cumulative rate of [2%] per month each minute.
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Community Account for Expiration: All expired Vouchers will be distributed to the following account specified here:
Account Phone Number..................... e.g +25472865xxxx
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Voucher Acceptance: e.g. The Founding Member(s) signing below as official signatories undertake to accept vouchers as payment for goods and/or services as specified under Offering and Value in Voucher.
- Good Faith: The Founding Members enters into this Agreement in good faith and holds harmless other Members of the Grassroots Economics Commons
- Entirety: this agreement represents consent of the Founding Members and anyone using the Member's Voucher
In WITNESS WHEREOF, the Founding Member(s) sign this agreement on the dates indicated below, and agree to abide by the terms of this agreement. (one page printed per Founding Member that will receive Vouchers)
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Title: .......................... e.g. Director
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Full Name: .......................... e.g. John Kamau
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Account Phone Number: .......................... e.g. +254755106255
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On behalf of: .......................... e.g. Kamau Chai Banda (If signing as a duly authorized representative of an association, business or entity)
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Offering and Value:
Offering ................... Worth ...................
Offering ................... Worth ...................
e.g. Chai worth 2,000 Weza Vouchers
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Proof of Identity: .......................... e.g. National ID
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Date of Signing: .......................... e.g. May 7 2021
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Signature: ..........................
- Title: .......................... e.g. Director
- Full Name: .......................... e.g. John Kamau
- Contact Number: .......................... e.g. +254755106255
- On behalf of: .......................... e.g. Kamau Chai Banda (If signing as a duly authorized representative of an association, business or entity)
- Proof of Identity: .......................... e.g. National ID
- Date of Signing: .......................... e.g. May 7 2021
- Signature: ..........................
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