View source for Gov/en/Portal:Economy/Miles-Credits

{{KidsIntro|Miles credits are like points you collect on the platform. You earn them by taking part, and you can use them later for rewards or services, a bit like airline miles.}}

Wiki Core · Concept

== Miles Credits ==

Miles Credits at a Glance

{| class="wikitable"
|-
| Symbol
| 🔗
|-
| Convertible to CHF
| No
|-
| Usable for
| Services in ecosystem
|-
| Earned via
| Funding, contribution
|-
| Value driver
| Supply &amp; demand
|-
| Usage scope
| [[Gov/en/Portal:R&D/Innovations:Rings Of Trust|Rings of Trust]]
|-
| Coefficient
| 1–10
|-
| See also
| [[Gov/en/Portal:Economy/Miles-Credits|Miles Market]]
|-
| See also
| [[Gov/en/Portal:R&D/Innovations:Rings Of Trust|Rings of Trust]]
|}

Miles Credits are a type of WikiDeal Credit exchangeable for services and goods within the WikiDeal ecosystem — specifically within [[Gov/en/Portal:R&D/Innovations:Rings Of Trust|Rings of Trust]]. Unlike [[Gov/en/Portal:Economy/Cash-Rewards|Cash Rewards]], Miles Credits are not convertible to CHF. Instead, they enable a functional complementary economy where housing, transport, food, tutoring, and many other services can be accessed directly.

Miles Credits are the currency of the WikiDeal community economy — not speculative, not financial, but immediately useful.

=== What Are Miles Credits? ===

Miles Credits represent access to services. When you earn Miles Credits — through funding WikiDeal, contributing to a programme, or participating in community activities — you can spend them on services offered by other WikiDeal members within Rings of Trust.

=== How Miles Credits Work ===

# '''Earning''' — Miles Credits are earned through funding contributions (as P1 reward), volunteering, programme participation, or as a small welcome amount.
# '''Spending''' — Miles Credits can be exchanged for services offered within Rings of Trust (agreements between ≥2 [[Gov/en/Portal:R&D/Innovations:User Groups|User Groups]]).
# '''Value determination''' — The [[Gov/en/Portal:Economy/Miles-Credits|Miles Market]] algorithm sets Miles value based on supply and demand within each Ring. More service providers → lower Miles value per service. Fewer providers → higher value.
# '''Usage coefficients''' — Each Ring applies a usage coefficient from 1 (restricted access) to 10 (widely accepted across many Rings). Higher coefficient = more versatile Miles.

=== The Double Indicator ===

Miles Credits carry a double indicator that reflects two dimensions of value:

* '''Value of service''' — What the Miles can be exchanged for (what service, what quality)
* '''Availability / frequency''' — How often that service is available and how many providers offer it

A Miles Credit for rare services in a small Ring is worth more per unit than Miles in a saturated Ring with many providers offering the same service.

=== Supply and Demand Dynamics ===

Miles Credits follow community supply and demand:

* More service providers → more Miles in circulation → lower Miles value per service
* Fewer providers → Miles become more valuable per unit
* High-demand services → Miles value rises for those services

This is not speculation — it is a transparent reflection of real economic activity within the community.

=== No Self-Generation ===

Miles Credits cannot be self-generated by a User Group or individual. The only exception is a small welcome amount granted to new members to facilitate their first interactions in the ecosystem. This prevents inflation and ensures Miles remain tied to real contribution or funding.

=== Needs Addressed ===

Miles Credits address the need for a functional internal economy within WikiDeal — one that does not depend on CHF, does not create financial risk, and enables community members to exchange value directly. This is the &quot;complementary currency&quot; dimension of WikiDeal: not a substitute for money, but a supplement that enables cooperation.

'''See also:''' [[Gov/en/Portal:Economy/Cash-Rewards|Cash Rewards]] [[Gov/en/Portal:Economy/Cash-Rewards|Rewards Explained]] [[Gov/en/Portal:Economy/Miles-Credits|Miles Market]] [[Gov/en/Portal:R&D/Innovations:Rings Of Trust|Rings of Trust]] [[Gov/en/Portal:R&D/Main|12 Programmes]] [[Gov/en/Portal:R&D/Innovations:Funding Stabilizer|Balance Boost]]

💡 '''Improve this concept''' — submit a proposal via [[Gov/en/Portal:R&D/Open-Call:Main|Open Call]]
[[Category:Migration June 2026]]
<!-- visible -->