We believe Galt.io - The Network will be a very powerful force for change and a lot of fun in the process. We are “Makers not Takers”. We believe that the fruits of our labor, talent or effort is for our gain and it is up to each of us to decide when, where and with whom it is shared. It also means that we aren’t simply satisfied playing for fun, we want to play to win. In order to win, there needs to be a way to keep score. Galtcoins are a virtual currency which allows the community to be more than just a game, rather it becomes a measure of value contribution, influence, power and status. We, the members of Galt.io, will create a virtual economy that rewards members who contribute the most to the community through their actions and talent. The best part is that we all get to do this together and the more Galtcoins any one of us has, the more power we have to shape the community. We do this by choosing the people we allow in, the causes we focus on, and the causes we support which in turn creates a new virtual world of Makers not Takers.
We aren’t going to kid anyone, this is no small task and we’ve only just begun with this crowdfunding of Galt.io. Where this goes, what can be done with Galtcoins and where it ends up will be fascinating to watch unfold. What's exciting is that once members start joining Galt.io, the network will have the ability to move in directions and evolve into a force that right now can't fully be defined. To keep the lawyers happy, however, WE RESERVE THE RIGHT TO CHANGE EVERYTHING BEFORE GALT.IO - THE NETWORK GOES LIVE. After that, the ongoing decisions are up to you.
Based on the amount of your pledge, here are some of the activities you will be able to do on the day the network opens - but remember you must be a Founding Member of Galt.io (by pledging now) to do any of the following:
Inviting New Members to Galt.io:
Support a Cause:
- Send Invite(-1G per invite)
- Invite Accepted (+2Gs)
Create a Cause:
- Support another Member’s Cause (+1G)
- Local Cause (-100Gs) | (+1G per Supporter)
- Statewide Cause (-1,000Gs) | (+1G per Supporter)
- Nationwide Cause (-10,000Gs) | (+1G per Supporter)
The above examples are a small sample of possible activities and transactions. More number-crunching will be necessary before anything is set in stone, but we will provide more information and get your feedback as we approach the launch of Galt.io - The Network. This structure awards more Galtcoins to the most successful members thereby allowing them to create more causes and invite even more people into the community - while at the same time providing sufficient risk in backing frivolous causes.
Before our model is finalized, no doubt there will be other factors to consider. Consequently, we reserve the right to make policy changes.