The credex ecosystem is a shared ledger that enables the efficient circulation of value, accumulation of capital, investment of profits, and giving of gifts. Credex is a tool for financial inclusion, financial empowerment, and financial sovereignty.
The credex-core API codebase deployed here at mycredex.app is the portal through which we sidestep the economic distortions and extortions imposed by obsolete and destructive monetary paradigms.
The processes of creating an account, logging in, arranging queries for the API endpoints, and processing query results for human-friendly presentation and interaction is managed by a client apps client apps such as the vimbiso-chatserver provided by VimbisoPay Africa.
The accounting and data management services provided by the credex ecosystem establish a network protocol for financial sovereignty:
Whereas the purpose of the credex ecosystem is to distribute a political architecture based on the entitlements and responsibilities of universal human sovereignty;
And whereas this distributed architecture is designed to open a space for market economies of cooperative wealth creation and value circulation in long-term harmony with our biosphere;
Therefore, desiring to help every sovereign human live in freedom, justice, and prosperity;
And with the aspiration that we grow into our potential as a multi-planetary, multi-dimensional, and spiritually mature human civilization;
We offer the credex ecosystem for the benefit of all beings.
The credex ecosystem actualizes the Credex Principle in the Minute Transaction Queue (MTQ), which tracks payable and receivable invoices for members' accounts, finds loops of value creation, and cancels payable and receivable invoices against each other in credloops in which every debt is reduced by an equal value. This is a GAAP-compliant accounting procedure that anyone and any business can benefit from, anywhere in the world.
In accounting terms, an outstanding credex is a contingent asset for one party and a contingent liability for the other. These asset/liability pairs are automatically strung together into credloops wherever possible across the credex ecosystem. When a credloop is found and cleared, every account in the loop will have an accounts payable invoice cleared against an equivalent accounts receivable invoice.
This behaviour enables members to replace the use of third party money or other debt instruments that are issued by an outside sovereign with accounting entries on a shared ledger that are backed only by the sovereign credit, assets, and value-producing capacities of the transacting members.
The credex ecosystem provides the non-sovereign and non-monetary services of:
These invoice clearing services of the MTQ empower a first layer of distributed financial sovereignty by enabling us to issue our own customizable smart contracts. In so doing, we replace our reliance on the currencies of outside sovereigns and give ourselves options that insulate us from the financial dislocations of inflation and deflation in those currencies.
The credex ecosystem actualizes the Credcoin Principle for participating members in the Daily Credcoin Offering (DCO), in a process which anchors relative exchange rates across the ecosystem. Every 24h, the DCO makes this equation true: one credcoin today equals the number of members participating in the DCO today divided by the value of natural wealth entering the organic economy through the DCO today.
The DCO is a market where those who consume more natural resources purchase the right to do so fairly from those who consume less:
The credex ecosystem uses the flows of value that are created by members participating in the DCO as the anchor point for exchange rates across the ecosystem. These flows, which can be as small as a single member, provide a mathematical peg that anchors financial reality in the credex ecosystem to the reality of underlying natural resource flows.
The multi-denominational mathematical mechanisms of the DCO manage the dynamic balance between:
The credex ecosystem stores all values in credcoin (CXX). In order to natively enable multi-denominational accounting, a CXXmultiplier value is stored alongside every CXX value. Both of these values are updated in every DCO so that all accounting and reporting remains universally true both to the face value in the denomination specified, and to all other values stored in the ecosystem. A contract expresses it's CXX value when it needs a reference vs any other value in the ecosystem. A contract expresses it's face value when it needs a reference vs the original intentions of the counterparties. On-the-fly exchange rate calculations performed on CXX values enable any amount to be viewed or totaled in the current or past value of any denomination at any time.
The credex ecosystem provides the non-sovereign and non-monetary services of:
These credcoin services empower a second layer of distributed financial sovereignty by connecting every member to the underlying resource reality of their financial decisions, and relating every other measure of value across the economy to that underlying reality. In this way we replace our reliance on measures of value that are created and controlled by obsolete monetary paradigms with a measure of value that is structurally locked to the daily flows of real natural resources that sustain us, while still empowering full flexibility for financial innovation and experimentation in the private sector.
The credex ecosystem clears debts against each other. A secured credex balance is no different, but can only be created when a member purchases a secured credex from an Trust account. These secured credexes are accounting entrees just like unsecured credexes. Every credex is a debt contract, fulfilled when credlooped. For secured credexes, cash out always triggers a credloop and debt clearing, thus fulfilling their promise of financial security and 100% backing.
The credex ecosystem does not process currency, hold funds, or come into contact with money in any way. Secured credexes are not produced by the credex ecosystem, they are "produced" when real assets get audit-bound into the ecosystem and they are "destroyed" in equal measure when those assets leave those audited accounts into the direct possession of members. Credex is not money, credex is peer-to-peer accounting.
The credex ecosystem provides the non-sovereign and non-monetary services of:
Our multi-planetary, multi-dimensional, and spiritually mature human civilization possesses incredible wealth, with sustainable economic growth projected as far as the eye can see, in harmony with the biosphere of our Earth.
Our governance and justice systems represent all equally. These systems form our common social bedrock, and they mostly stay out of our way as we live the lives of free, creative, thriving human beings.
Establish, protect and empower a primordially independent power centre that is loyal to the principles of human sovereignty and can exist in long-term harmony with the natural world.
Act from an ethical and morally powerful centre that energizes us and our allies, magnetizes the uncommitted, and brings potential competitors and adversaries into the circle of our purpose. Overcome challenges and adversaries while respecting every human and taking full moral responsibility for our actions.
Operationalize sovereignty into wealth-producing, biosphere-nurturing, freedom-protecting protocols that enable humans to connect in peer-to-peer, counterparty-to-counterparty, citizen-to-citizen, human-to-human relationships.
Cultivate personal loyalty to human sovereignty and the protocols that enable it.
Shape the pursuit of our purpose so as to amplify our spirit, inspiration, and strength, and protect our moral, mental, and physical cohesion. Isolate and solidify challengers and adversaries into fixed positions that can be understood and integrated, or bypassed, as we build momentum towards our purpose. Maintain fluidity and strategic initiative from a place of ethical and moral strength.
Cocreate a global culture of universal sovereignty. Establish patterns that prioritize what matters to humans at a grassroots level, applying systemic moral pressure across a broad front, naturally exposing and undermining adversaries of our purpose, and creating a protected moral space from which to cultivate, enhance, and share our strength.
Demonstrate what is possible. Live it. Share it. Protect it. Nurture it. Celebrate it.
Efficient peer-to-peer economic relationships that build mutual wealth independent of outside sovereigns. Entrepreneurial profit. The accumulation, investment, and growth of capital. The gifting of wealth for charity, culture, nature, education, art, sport, passion, beauty, love, friendship, family, and everything that inspires generosity. Mutually beneficial, cooperative, corporate, wealth-generating structures. Innovative democratic protocols that enable equality of voice and cultivate collective wisdom. Freedom, diversity, and self-determination as the birthright of all humans.
Orient on the essential, observe, and prepare. Align with reality. Engage specific strategic opportunities with intent to transform and capacity to succeed. Meet apparent attacks with openness and understanding, and respond with clarity and commitment, moving into a position of strength. No matter where we find ourselves, sincerely acting out of loyalty to our purpose attracts allies and moves us towards the high ground.
Find resonance with every point of view in order to see deeply into what is. All humans have the sovereign right to question, criticize, oppose, and resist our agenda. Actively expressing this right is cause for respect. We respect ourselves, our tribe, our comrades, our allies, our counterparties, our observers, our critics, our adversaries, our enemies, and those who don't give a shit. Gracious and humble in victory, in defeat, and in ongoing relationship, our respect shows us the landscape of what truly is.
Engage with integrity to initiate patterns that uplift situations towards our purpose. Maintain the tactical initiative from a position of operational strength. Expose and understand challenges.
Risk little to gain much. Risk much to gain everything. Know what matters most, and protect it at all costs.
Protect sovereign humans. Protect our relationships to each other and to our habitat. Weaponize true moral strength and brush away moralism, greenwashing, and virtue-signalling. Expose, utilize, and distribute real power.
Build real wealth for humans. Build sustainable multigenerational prosperity. Support humans to participate in their chosen connections, networks, relationships and structures.
Establish and strengthen relationships and increase shared information, emotions, and ideas. Understand the surface pain and the layered pain. Demonstrate our ability to address crucial issues and overcome challenges. Move fluidly into opportunities. Take what is offered. Add value with empathy, clarity, commitment, and effectiveness. Be open and be decisive.
Establish, protect, and empower a digital ecosystem that enables simple, transparent, secure relationships and lines of communication between sovereign humans. Energize organic structures and processes that support the ecosystem's growth and evolution towards stable symbiotic maturity.