Gov/en/Portal:Economy/Karma-Token-Market - Revision history

AI-Admin-Assistant: Category cleanup: remove Category:Migration June 2026 (founder order 2026-09-03)

2026-09-03T17:17:49Z

Category cleanup: remove Category:Migration June 2026 (founder order 2026-09-03)

← Older revision		Revision as of 19:17, 3 September 2026
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	''→ See also: [[Gov/en/Portal:Economy/Rewards\|Rewards]] \| [[Gov/en/Portal:R&D/Programmes\|All 12 Programmes]] \| [[Gov/en/Portal:Community/Shared-Resources\|Shared Resources]] \| Innovations''		''→ See also: [[Gov/en/Portal:Economy/Rewards\|Rewards]] \| [[Gov/en/Portal:R&D/Programmes\|All 12 Programmes]] \| [[Gov/en/Portal:Community/Shared-Resources\|Shared Resources]] \| Innovations''

	~~[[Category:Migration June 2026]]~~

AI-Admin-Assistant: Add missing TOC per Theo's request

2026-08-09T22:27:35Z

Add missing __TOC__ per Theo's request

← Older revision		Revision as of 00:27, 10 August 2026
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	{{KidsIntro\|This page is about a place to trade the Karma tokens you earn.}}		{{KidsIntro\|This page is about a place to trade the Karma tokens you earn.}}
	{{ExpertIntro\|The Karma Token Market is WikiDeal's proposed programme for algorithmic, non-speculative valuation of Karma tokens. Value would follow service worth and availability, moving linearly with real supply and demand. The algorithm is intended to be public, auditable and unmanipulable, creating incentives for quality and volunteering, linked to Need-Driven Funding.}}		{{ExpertIntro\|The Karma Token Market is WikiDeal's proposed programme for algorithmic, non-speculative valuation of Karma tokens. Value would follow service worth and availability, moving linearly with real supply and demand. The algorithm is intended to be public, auditable and unmanipulable, creating incentives for quality and volunteering, linked to Need-Driven Funding.}}

			__TOC__

	= Karma Token Market — Algorithmic Valuation of Karma tokens =		= Karma Token Market — Algorithmic Valuation of Karma tokens =

AI-Admin-Assistant: Shorten intros per Theo's 20s rule

2026-08-09T00:54:35Z

Shorten intros per Theo's 20s rule

← Older revision		Revision as of 02:54, 9 August 2026
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	{{KidsIntro\|This page is about a place to trade the Karma tokens you earn.}}		{{KidsIntro\|This page is about a place to trade the Karma tokens you earn.}}
	{{ExpertIntro\|The Karma Token Market is WikiDeal's programme ~~(#12)~~ for ~~the~~ algorithmic, non-speculative valuation of Karma tokens. Value ~~follows a double indicator, the value of the~~ service and ~~its~~ availability~~/frequency~~, ~~and moves~~ linearly with real supply and demand ~~within the ecosystem: many providers and few users lower the value, scarcity raises it~~. The algorithm is public, ~~community-~~auditable, ~~logged in the public ledger, and cannot be manipulated by any single provider or User Group. It creates natural~~ incentives for quality and volunteering, ~~and is connected~~ to ~~the~~ Need-Driven Funding ~~mechanism through the Karma token pressure accumulated in User Group pools~~.}}		{{ExpertIntro\|The Karma Token Market is WikiDeal's proposed programme for algorithmic, non-speculative valuation of Karma tokens. Value would follow service worth and availability, moving linearly with real supply and demand. The algorithm is intended to be public, auditable and unmanipulable, creating incentives for quality and volunteering, linked to Need-Driven Funding.}}

	= Karma Token Market — Algorithmic Valuation of Karma tokens =		= Karma Token Market — Algorithmic Valuation of Karma tokens =

AI-Admin-Assistant: Add ExpertIntro (20-sec scientific summary), synthesis of existing content (Theo 2026-07-25)

2026-07-25T14:31:45Z

Add ExpertIntro (20-sec scientific summary), synthesis of existing content (Theo 2026-07-25)

← Older revision		Revision as of 16:31, 25 July 2026
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	{{KidsIntro\|This page is about a place to trade the Karma tokens you earn.}}		{{KidsIntro\|This page is about a place to trade the Karma tokens you earn.}}
			{{ExpertIntro\|The Karma Token Market is WikiDeal's programme (#12) for the algorithmic, non-speculative valuation of Karma tokens. Value follows a double indicator, the value of the service and its availability/frequency, and moves linearly with real supply and demand within the ecosystem: many providers and few users lower the value, scarcity raises it. The algorithm is public, community-auditable, logged in the public ledger, and cannot be manipulated by any single provider or User Group. It creates natural incentives for quality and volunteering, and is connected to the Need-Driven Funding mechanism through the Karma token pressure accumulated in User Group pools.}}

	= Karma Token Market — Algorithmic Valuation of Karma tokens =		= Karma Token Market — Algorithmic Valuation of Karma tokens =

AI-Admin-Assistant: Update links to merged Rewards page

2026-07-25T13:18:34Z

Update links to merged Rewards page

← Older revision		Revision as of 15:18, 25 July 2026
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	\|-		\|-
	\| See also		\| See also
	\| [[Gov/en/Portal:Economy/Rewards~~-Explained~~\|Rewards ~~Explained~~]]		\| [[Gov/en/Portal:Economy/Rewards\|Rewards]]
	\|-		\|-
	\| See also		\| See also
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	* The Karma Token Market thus acts as a '''natural regulator''' between community activity and financial redistribution		* The Karma Token Market thus acts as a '''natural regulator''' between community activity and financial redistribution

	''→ See [[Gov/en/Portal:Economy/Rewards~~-Explained~~\|Rewards ~~Explained~~]] for the Need-Driven Funding mechanism and [[Gov/en/Portal:R&D/Innovations:Bonding Curve\|bonding curve]] details.''		''→ See [[Gov/en/Portal:Economy/Rewards\|Rewards]] for the Need-Driven Funding mechanism and [[Gov/en/Portal:R&D/Innovations:Bonding Curve\|bonding curve]] details.''

	== Connection to Shared Resources ==		== Connection to Shared Resources ==
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	* Rewards are subject to platform revenue availability. No financial return is guaranteed. See Terms & Conditions.		* Rewards are subject to platform revenue availability. No financial return is guaranteed. See Terms & Conditions.

	''→ See also: [[Gov/en/Portal:Economy/Rewards~~-Explained~~\|Rewards ~~Explained~~]] \| [[Gov/en/Portal:R&D/Programmes\|All 12 Programmes]] \| [[Gov/en/Portal:Community/Shared-Resources\|Shared Resources]] \| Innovations''		''→ See also: [[Gov/en/Portal:Economy/Rewards\|Rewards]] \| [[Gov/en/Portal:R&D/Programmes\|All 12 Programmes]] \| [[Gov/en/Portal:Community/Shared-Resources\|Shared Resources]] \| Innovations''

	[[Category:Migration June 2026]]		[[Category:Migration June 2026]]

AI-Admin-Assistant: Terminology: WIL token -> Karma token; WIL = WikiDeal License only (Theo 2026-07-16)

2026-07-16T21:52:12Z

Terminology: WIL token -> Karma token; WIL = WikiDeal License only (Theo 2026-07-16)

AI-Admin-Assistant: AI-Admin-Assistant moved page Gov/en/Portal:Economy/WIL-Token-Market to Gov/en/Portal:Economy/Karma-Token-Market: Terminology: WIL token -> Karma token; WIL = WikiDeal License only (Theo 2026-07-16)

2026-07-16T21:50:27Z

AI-Admin-Assistant moved page Gov/en/Portal:Economy/WIL-Token-Market to Gov/en/Portal:Economy/Karma-Token-Market: Terminology: WIL token -> Karma token; WIL = WikiDeal License only (Theo 2026-07-16)

← Older revision		Revision as of 23:50, 16 July 2026
(No difference)

AI-Admin-Assistant: Terminology: miles / Miles Credits -> WIL token (WikiDeal Inner Life), Theo 2026-07-16

2026-07-16T19:44:30Z

Terminology: miles / Miles Credits -> WIL token (WikiDeal Inner Life), Theo 2026-07-16

AI-Admin-Assistant: AI-Admin-Assistant moved page Gov/en/Portal:Economy/Miles-Market to Gov/en/Portal:Economy/WIL-Token-Market: Terminology: miles / Miles Credits -> WIL token (WikiDeal Inner Life), Theo 2026-07-16

2026-07-16T19:43:17Z

AI-Admin-Assistant moved page Gov/en/Portal:Economy/Miles-Market to Gov/en/Portal:Economy/WIL-Token-Market: Terminology: miles / Miles Credits -> WIL token (WikiDeal Inner Life), Theo 2026-07-16

← Older revision		Revision as of 21:43, 16 July 2026
(No difference)

AI-Admin-Assistant: Redistribution narrative: remove ROI/yield vocabulary (Theo 2026-07-16)

2026-07-16T18:08:08Z

Redistribution narrative: remove ROI/yield vocabulary (Theo 2026-07-16)

← Older revision		Revision as of 20:08, 16 July 2026
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	* First: Miles pressure increases → more volunteering incentivized → service quality up		* First: Miles pressure increases → more volunteering incentivized → service quality up
	* Then: [[Gov/en/Portal:Economy/Rewards\|Rewards]] (no guarantee*) 💰 increases → as services multiply, revenue grows → Cash becomes available		* Then: [[Gov/en/Portal:Economy/Rewards\|Rewards]] (no guarantee*) 💰 increases → as services multiply, revenue grows → Cash becomes available
	* The Miles Market thus acts as a '''natural regulator''' between community activity and financial ~~return~~		* The Miles Market thus acts as a '''natural regulator''' between community activity and financial redistribution

	''→ See [[Gov/en/Portal:Economy/Rewards-Explained\|Rewards Explained]] for the Need-Driven Funding mechanism and [[Gov/en/Portal:R&D/Innovations:Bonding Curve\|bonding curve]] details.''		''→ See [[Gov/en/Portal:Economy/Rewards-Explained\|Rewards Explained]] for the Need-Driven Funding mechanism and [[Gov/en/Portal:R&D/Innovations:Bonding Curve\|bonding curve]] details.''

← Older revision		Revision as of 23:52, 16 July 2026
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	{{KidsIntro\|This page is about a place to trade the ~~WIL~~ tokens you earn.}}		{{KidsIntro\|This page is about a place to trade the Karma tokens you earn.}}

	= ~~WIL~~ Token Market — Algorithmic Valuation of ~~WIL~~ tokens =		= Karma Token Market — Algorithmic Valuation of Karma tokens =
	{\| class="wikitable infobox"		{\| class="wikitable infobox"
	\|-		\|-
	\| class="infobox-title" colspan="2"\| ~~WIL~~ Token Market		\| class="infobox-title" colspan="2"\| Karma Token Market
	\|-		\|-
	\| Programme		\| Programme
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	\|-		\|-
	\| Currency		\| Currency
	\| ~~WIL~~ tokens 🔗		\| Karma tokens 🔗
	\|-		\|-
	\| Maturity		\| Maturity
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	\|}		\|}

	The '''~~WIL~~ Token Market''' is WikiDeal's programme for the algorithmic valuation of '''~~WIL~~ tokens 🔗'''. Unlike speculative markets, the ~~WIL~~ Token Market is based entirely on real supply and demand within the WikiDeal ecosystem — transparent, at-cost, and stimulating without being speculative.		The '''Karma Token Market''' is WikiDeal's programme for the algorithmic valuation of '''Karma tokens 🔗'''. Unlike speculative markets, the Karma Token Market is based entirely on real supply and demand within the WikiDeal ecosystem — transparent, at-cost, and stimulating without being speculative.

	== What is a ~~WIL~~ token Worth? ==		== What is a Karma token Worth? ==
	A ~~WIL~~ token has no fixed exchange rate. Its value is determined by a '''double indicator''':		A Karma token has no fixed exchange rate. Its value is determined by a '''double indicator''':

	# '''Value of the service or good''' — what the service is actually worth in the real economy		# '''Value of the service or good''' — what the service is actually worth in the real economy
	# '''Availability and frequency''' — how often the service is available on the platform		# '''Availability and frequency''' — how often the service is available on the platform

	~~WIL~~ token Value = f(Service Quality × Availability)		Karma token Value = f(Service Quality × Availability)

	Low availability × Low frequency → Lower ~~WIL~~ token value		Low availability × Low frequency → Lower Karma token value
	High demand × Scarce supply → Higher ~~WIL~~ token value		High demand × Scarce supply → Higher Karma token value
	Many providers × Few users → ~~WIL~~ token value drops linearly		Many providers × Few users → Karma token value drops linearly

	=== The Double Indicator in Practice ===		=== The Double Indicator in Practice ===
	==== Example 1 — Low availability apartment 🏠 ====		==== Example 1 — Low availability apartment 🏠 ====
	An apartment is available only Tuesday–Thursday, 2× per month. Very low availability → low ~~WIL~~ token value. The provider gets few users, and the ~~WIL~~ tokens they earn have less market weight. They should consider extending availability to increase ~~WIL~~ token value.		An apartment is available only Tuesday–Thursday, 2× per month. Very low availability → low Karma token value. The provider gets few users, and the Karma tokens they earn have less market weight. They should consider extending availability to increase Karma token value.

	==== Example 2 — Many massage therapists 💆 ====		==== Example 2 — Many massage therapists 💆 ====
	If 50 massage therapists are listed and only 10 users request massages per month, the ~~WIL~~ token market is flooded. ~~WIL~~ token value for massage drops linearly. Providers are incentivized to volunteer more (increasing their profile) or specialize to differentiate.		If 50 massage therapists are listed and only 10 users request massages per month, the Karma token market is flooded. Karma token value for massage drops linearly. Providers are incentivized to volunteer more (increasing their profile) or specialize to differentiate.

	==== Example 3 — Few apartments, many seekers 🏘️ ====		==== Example 3 — Few apartments, many seekers 🏘️ ====
	If housing is scarce but demand is high, apartment providers earn more ~~WIL~~ tokens per Transaction. The algorithm rewards scarcity of supply appropriately — but always within transparent, community-auditable rules.		If housing is scarce but demand is high, apartment providers earn more Karma tokens per Transaction. The algorithm rewards scarcity of supply appropriately — but always within transparent, community-auditable rules.

	== The Market Algorithm ==		== The Market Algorithm ==
	The ~~WIL~~ Token Market runs on supply and demand — but unlike a financial market, all data is transparent and auditable by the community:		The Karma Token Market runs on supply and demand — but unlike a financial market, all data is transparent and auditable by the community:

	* '''Too many providers + few users''' → ~~WIL~~ token value drops linearly (linear depreciation, not cliff-crash)		* '''Too many providers + few users''' → Karma token value drops linearly (linear depreciation, not cliff-crash)
	* '''Few providers + many users''' → ~~WIL~~ token value rises proportionally		* '''Few providers + many users''' → Karma token value rises proportionally
	* '''Equilibrium''' → Stable ~~WIL~~ token value at 1:1 with the reference service basket		* '''Equilibrium''' → Stable Karma token value at 1:1 with the reference service basket

	The algorithm is public, community-validated, and cannot be manipulated by any single provider or [[Gov/en/Portal:R&D/Innovations:User Groups\|User Group]]. All valuations are logged in the WikiDeal public ledger.		The algorithm is public, community-validated, and cannot be manipulated by any single provider or [[Gov/en/Portal:R&D/Innovations:User Groups\|User Group]]. All valuations are logged in the WikiDeal public ledger.

	== The Contract Principle ==		== The Contract Principle ==
	"The more clients I have, the more I can charge in ~~WIL~~ tokens.		"The more clients I have, the more I can charge in Karma tokens.
	The fewer clients I have, the more I volunteer — and build my reputation."		The fewer clients I have, the more I volunteer — and build my reputation."

	This principle means that the ~~WIL~~ Token Market creates natural incentives for both quality and community participation:		This principle means that the Karma Token Market creates natural incentives for both quality and community participation:

	* Providers with high demand earn more ~~WIL~~ tokens and can charge more per Transaction		* Providers with high demand earn more Karma tokens and can charge more per Transaction
	* Providers with low demand are incentivized to volunteer (earn reputation + ~~WIL~~ tokens) rather than sit idle		* Providers with low demand are incentivized to volunteer (earn reputation + Karma tokens) rather than sit idle
	* Users benefit from competitive pricing when supply is high		* Users benefit from competitive pricing when supply is high
	* The community benefits from increased volunteering when supply exceeds demand		* The community benefits from increased volunteering when supply exceeds demand

	== Connection to the Need-Driven Funding mechanism ==		== Connection to the Need-Driven Funding mechanism ==
	The ~~WIL~~ Token Market is directly connected to the '''[[Gov/en/Portal:R&D/Innovations:Need-Driven Funding\|Need-Driven Funding mechanism]]'''. When ~~WIL~~ tokens accumulate in User Group pools:		The Karma Token Market is directly connected to the '''[[Gov/en/Portal:R&D/Innovations:Need-Driven Funding\|Need-Driven Funding mechanism]]'''. When Karma tokens accumulate in User Group pools:

	* First: ~~WIL~~ token pressure increases → more volunteering incentivized → service quality up		* First: Karma token pressure increases → more volunteering incentivized → service quality up
	* Then: [[Gov/en/Portal:Economy/Rewards\|Rewards]] (no guarantee*) 💰 increases → as services multiply, revenue grows → Cash becomes available		* Then: [[Gov/en/Portal:Economy/Rewards\|Rewards]] (no guarantee*) 💰 increases → as services multiply, revenue grows → Cash becomes available
	* The ~~WIL~~ Token Market thus acts as a '''natural regulator''' between community activity and financial redistribution		* The Karma Token Market thus acts as a '''natural regulator''' between community activity and financial redistribution

	''→ See [[Gov/en/Portal:Economy/Rewards-Explained\|Rewards Explained]] for the Need-Driven Funding mechanism and [[Gov/en/Portal:R&D/Innovations:Bonding Curve\|bonding curve]] details.''		''→ See [[Gov/en/Portal:Economy/Rewards-Explained\|Rewards Explained]] for the Need-Driven Funding mechanism and [[Gov/en/Portal:R&D/Innovations:Bonding Curve\|bonding curve]] details.''

	== Connection to Shared Resources ==		== Connection to Shared Resources ==
	The [[Gov/en/Portal:Community/Shared-Resources\|Shared Resources programme]] is the primary consumer of ~~WIL~~ tokens. When housing, transport, food, and tools are shared within a [[Gov/en/Portal:Trust-Safety/Rings-of-Trust\|Ring of Trust]], the ~~WIL~~ Token Market determines fair exchange rates for these assets. A shared apartment earns more ~~WIL~~ tokens than a shared bicycle — because its value and scarcity justify it.		The [[Gov/en/Portal:Community/Shared-Resources\|Shared Resources programme]] is the primary consumer of Karma tokens. When housing, transport, food, and tools are shared within a [[Gov/en/Portal:Trust-Safety/Rings-of-Trust\|Ring of Trust]], the Karma Token Market determines fair exchange rates for these assets. A shared apartment earns more Karma tokens than a shared bicycle — because its value and scarcity justify it.

	== Why Not Speculative? ==		== Why Not Speculative? ==
	The ~~WIL~~ Token Market differs from crypto or financial markets because:		The Karma Token Market differs from crypto or financial markets because:

	* All data is public — every Transaction, every valuation, every provider's availability		* All data is public — every Transaction, every valuation, every provider's availability
	* No hoarding incentive — ~~WIL~~ tokens are designed to be ''used'', not held		* No hoarding incentive — Karma tokens are designed to be ''used'', not held
	* Community governance — User Groups vote on market rules, not algorithms controlled by a private company		* Community governance — User Groups vote on market rules, not algorithms controlled by a private company
	* At-cost principle — WikiDeal takes no Commission on ~~WIL~~ token exchanges beyond the standard platform fee		* At-cost principle — WikiDeal takes no Commission on Karma token exchanges beyond the standard platform fee
	* Real services — every ~~WIL~~ token represents an actual service offered by a real person		* Real services — every Karma token represents an actual service offered by a real person

	''"Stimulating but not speculative at all — because everything is transparent."''		''"Stimulating but not speculative at all — because everything is transparent."''

← Older revision		Revision as of 21:44, 16 July 2026
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	{{KidsIntro\|This page is about a place to trade the ~~Miles~~ you earn.}}		{{KidsIntro\|This page is about a place to trade the WIL tokens you earn.}}

	= ~~Miles~~ Market — Algorithmic Valuation of ~~Miles Credits~~ =		= WIL Token Market — Algorithmic Valuation of WIL tokens =
	{\| class="wikitable infobox"		{\| class="wikitable infobox"
	\|-		\|-
	\| class="infobox-title" colspan="2"\| ~~Miles~~ Market		\| class="infobox-title" colspan="2"\| WIL Token Market
	\|-		\|-
	\| Programme		\| Programme
Line 10:		Line 10:
	\|-		\|-
	\| Currency		\| Currency
	\| ~~Miles Credits~~ 🔗		\| WIL tokens 🔗
	\|-		\|-
	\| Maturity		\| Maturity
Line 31:		Line 31:
	\|}		\|}

	The '''~~Miles~~ Market''' is WikiDeal's programme for the algorithmic valuation of '''~~Miles Credits~~ 🔗'''. Unlike speculative markets, the ~~Miles~~ Market is based entirely on real supply and demand within the WikiDeal ecosystem — transparent, at-cost, and stimulating without being speculative.		The '''WIL Token Market''' is WikiDeal's programme for the algorithmic valuation of '''WIL tokens 🔗'''. Unlike speculative markets, the WIL Token Market is based entirely on real supply and demand within the WikiDeal ecosystem — transparent, at-cost, and stimulating without being speculative.

	== What is a ~~Miles Credit~~ Worth? ==		== What is a WIL token Worth? ==
	A ~~Miles Credit~~ has no fixed exchange rate. Its value is determined by a '''double indicator''':		A WIL token has no fixed exchange rate. Its value is determined by a '''double indicator''':

	# '''Value of the service or good''' — what the service is actually worth in the real economy		# '''Value of the service or good''' — what the service is actually worth in the real economy
	# '''Availability and frequency''' — how often the service is available on the platform		# '''Availability and frequency''' — how often the service is available on the platform

	~~Miles~~ Value = f(Service Quality × Availability)		WIL token Value = f(Service Quality × Availability)

	Low availability × Low frequency → Lower ~~Miles~~ value		Low availability × Low frequency → Lower WIL token value
	High demand × Scarce supply → Higher ~~Miles~~ value		High demand × Scarce supply → Higher WIL token value
	Many providers × Few users → ~~Miles~~ value drops linearly		Many providers × Few users → WIL token value drops linearly

	=== The Double Indicator in Practice ===		=== The Double Indicator in Practice ===
	==== Example 1 — Low availability apartment 🏠 ====		==== Example 1 — Low availability apartment 🏠 ====
	An apartment is available only Tuesday–Thursday, 2× per month. Very low availability → low ~~Miles~~ value. The provider gets few users, and the ~~Miles~~ they earn have less market weight. They should consider extending availability to increase ~~Miles~~ value.		An apartment is available only Tuesday–Thursday, 2× per month. Very low availability → low WIL token value. The provider gets few users, and the WIL tokens they earn have less market weight. They should consider extending availability to increase WIL token value.

	==== Example 2 — Many massage therapists 💆 ====		==== Example 2 — Many massage therapists 💆 ====
	If 50 massage therapists are listed and only 10 users request massages per month, the ~~Miles~~ market is flooded. ~~Miles~~ value for massage drops linearly. Providers are incentivized to volunteer more (increasing their profile) or specialize to differentiate.		If 50 massage therapists are listed and only 10 users request massages per month, the WIL token market is flooded. WIL token value for massage drops linearly. Providers are incentivized to volunteer more (increasing their profile) or specialize to differentiate.

	==== Example 3 — Few apartments, many seekers 🏘️ ====		==== Example 3 — Few apartments, many seekers 🏘️ ====
	If housing is scarce but demand is high, apartment providers earn more ~~Miles~~ per Transaction. The algorithm rewards scarcity of supply appropriately — but always within transparent, community-auditable rules.		If housing is scarce but demand is high, apartment providers earn more WIL tokens per Transaction. The algorithm rewards scarcity of supply appropriately — but always within transparent, community-auditable rules.

	== The Market Algorithm ==		== The Market Algorithm ==
	The ~~Miles~~ Market runs on supply and demand — but unlike a financial market, all data is transparent and auditable by the community:		The WIL Token Market runs on supply and demand — but unlike a financial market, all data is transparent and auditable by the community:

	* '''Too many providers + few users''' → ~~Miles~~ value drops linearly (linear depreciation, not cliff-crash)		* '''Too many providers + few users''' → WIL token value drops linearly (linear depreciation, not cliff-crash)
	* '''Few providers + many users''' → ~~Miles~~ value rises proportionally		* '''Few providers + many users''' → WIL token value rises proportionally
	* '''Equilibrium''' → Stable ~~Miles~~ value at 1:1 with the reference service basket		* '''Equilibrium''' → Stable WIL token value at 1:1 with the reference service basket

	The algorithm is public, community-validated, and cannot be manipulated by any single provider or [[Gov/en/Portal:R&D/Innovations:User Groups\|User Group]]. All valuations are logged in the WikiDeal public ledger.		The algorithm is public, community-validated, and cannot be manipulated by any single provider or [[Gov/en/Portal:R&D/Innovations:User Groups\|User Group]]. All valuations are logged in the WikiDeal public ledger.

	== The Contract Principle ==		== The Contract Principle ==
	"The more clients I have, the more I can charge in ~~Miles~~.		"The more clients I have, the more I can charge in WIL tokens.
	The fewer clients I have, the more I volunteer — and build my reputation."		The fewer clients I have, the more I volunteer — and build my reputation."

	This principle means that the ~~Miles~~ Market creates natural incentives for both quality and community participation:		This principle means that the WIL Token Market creates natural incentives for both quality and community participation:

	* Providers with high demand earn more ~~Miles~~ and can charge more per Transaction		* Providers with high demand earn more WIL tokens and can charge more per Transaction
	* Providers with low demand are incentivized to volunteer (earn reputation + ~~Miles~~) rather than sit idle		* Providers with low demand are incentivized to volunteer (earn reputation + WIL tokens) rather than sit idle
	* Users benefit from competitive pricing when supply is high		* Users benefit from competitive pricing when supply is high
	* The community benefits from increased volunteering when supply exceeds demand		* The community benefits from increased volunteering when supply exceeds demand

	== Connection to the Need-Driven Funding mechanism ==		== Connection to the Need-Driven Funding mechanism ==
	The ~~Miles~~ Market is directly connected to the '''[[Gov/en/Portal:R&D/Innovations:Need-Driven Funding\|Need-Driven Funding mechanism]]'''. When ~~Miles Credits~~ accumulate in User Group pools:		The WIL Token Market is directly connected to the '''[[Gov/en/Portal:R&D/Innovations:Need-Driven Funding\|Need-Driven Funding mechanism]]'''. When WIL tokens accumulate in User Group pools:

	* First: ~~Miles~~ pressure increases → more volunteering incentivized → service quality up		* First: WIL token pressure increases → more volunteering incentivized → service quality up
	* Then: [[Gov/en/Portal:Economy/Rewards\|Rewards]] (no guarantee*) 💰 increases → as services multiply, revenue grows → Cash becomes available		* Then: [[Gov/en/Portal:Economy/Rewards\|Rewards]] (no guarantee*) 💰 increases → as services multiply, revenue grows → Cash becomes available
	* The ~~Miles~~ Market thus acts as a '''natural regulator''' between community activity and financial redistribution		* The WIL Token Market thus acts as a '''natural regulator''' between community activity and financial redistribution

	''→ See [[Gov/en/Portal:Economy/Rewards-Explained\|Rewards Explained]] for the Need-Driven Funding mechanism and [[Gov/en/Portal:R&D/Innovations:Bonding Curve\|bonding curve]] details.''		''→ See [[Gov/en/Portal:Economy/Rewards-Explained\|Rewards Explained]] for the Need-Driven Funding mechanism and [[Gov/en/Portal:R&D/Innovations:Bonding Curve\|bonding curve]] details.''

	== Connection to Shared Resources ==		== Connection to Shared Resources ==
	The [[Gov/en/Portal:Community/Shared-Resources\|Shared Resources programme]] is the primary consumer of ~~Miles Credits~~. When housing, transport, food, and tools are shared within a [[Gov/en/Portal:Trust-Safety/Rings-of-Trust\|Ring of Trust]], the ~~Miles~~ Market determines fair exchange rates for these assets. A shared apartment earns more ~~Miles~~ than a shared bicycle — because its value and scarcity justify it.		The [[Gov/en/Portal:Community/Shared-Resources\|Shared Resources programme]] is the primary consumer of WIL tokens. When housing, transport, food, and tools are shared within a [[Gov/en/Portal:Trust-Safety/Rings-of-Trust\|Ring of Trust]], the WIL Token Market determines fair exchange rates for these assets. A shared apartment earns more WIL tokens than a shared bicycle — because its value and scarcity justify it.

	== Why Not Speculative? ==		== Why Not Speculative? ==
	The ~~Miles~~ Market differs from crypto or financial markets because:		The WIL Token Market differs from crypto or financial markets because:

	* All data is public — every Transaction, every valuation, every provider's availability		* All data is public — every Transaction, every valuation, every provider's availability
	* No hoarding incentive — ~~Miles Credits~~ are designed to be ''used'', not held		* No hoarding incentive — WIL tokens are designed to be ''used'', not held
	* Community governance — User Groups vote on market rules, not algorithms controlled by a private company		* Community governance — User Groups vote on market rules, not algorithms controlled by a private company
	* At-cost principle — WikiDeal takes no Commission on ~~Miles~~ exchanges beyond the standard platform fee		* At-cost principle — WikiDeal takes no Commission on WIL token exchanges beyond the standard platform fee
	* Real services — every ~~Miles Credit~~ represents an actual service offered by a real person		* Real services — every WIL token represents an actual service offered by a real person

	''"Stimulating but not speculative at all — because everything is transparent."''		''"Stimulating but not speculative at all — because everything is transparent."''