The Global Currency Project
A project to create a global currency in a manner that is democratic, market-based and egalitarian. All aspects of the project are governed by holders of the GRP currency, so they are subject to change, but the current vision is as follows: GRP will be sold in a daily auction until most other currency has been taken out of circulation. The proceeds of these sales will be held and managed by a non-profit entity. A portion of the funds raised in the auctions will be held and eventually “burned.” The remaining funds will be spent on developing GRP for use as a global currency, including marketing and technology development. The project may also distribute the GRP for free on a global basis to promote adoption and create value for social projects. The project will work closely with national governments to promote economic growth and stability using the new currency, while maintaining a core objective of decentralization.