Gov/en/Portal:Economy/Miles-Credits
💡 In simple words: 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.
⚠️ Not yet approved. This page describes a proposal that is still under community review. It is documented here so it can be discussed, improved and endorsed.
Wiki Core · Concept
Miles Credits
Miles Credits at a Glance
| Symbol | 🔗 |
| Convertible to CHF | No |
| Usable for | Services in ecosystem |
| Earned via | Funding, contribution |
| Value driver | Supply & demand |
| Usage scope | Rings of Trust |
| Coefficient | 1–10 |
| See also | Miles Market |
| See also | Rings of Trust |
Miles Credits are a type of WikiDeal Credit exchangeable for services and goods within the WikiDeal ecosystem — specifically within Rings of Trust. Unlike 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 User Groups).
- Value determination — The 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 "complementary currency" dimension of WikiDeal: not a substitute for money, but a supplement that enables cooperation.
See also: Cash Rewards Rewards Explained Miles Market Rings of Trust 12 Programmes Balance Boost
💡 Improve this concept — submit a proposal via Open Call