How we

manage

Freedom Coop

To become a member of Freedom Coop you have to make a non-recurring membership contribution by underwriting at least 1 share as an individual (or at least 2 for group memberships) at a nominal value of 30€ (50 FAIR) each. With this membership contribution you help Freedom Coop build the financial resources it needs. The shares do not bear any interest and can be recovered (linked to the Euro value contribution) upon termination of membership.

For the ongoing administrative and technical costs, a periodical membership fee only for self-employed members should be payable every three months. The amount depends dynamically on the periodical profits of each member, according to the invoices of incomes and expenses of the member.

If you have a low or no income at the beginning of your economic activity, the fees will stay at a minimum level. Compared to many state taxation systems this is fair. By doing so we all can avoid entering a debt spiral, which would work in favor of the states and banks.

If members without a self-employment project need to do sporadic invoicing, the fee will be 8% of the face value of each invoice.

For members with their own legal form, who are using Freedom Coop in benefit of the circular economy, the fee for each invoice will be 5% in general and 2% in case of goods with reduced VAT in their country.

By paying these fees you will directly contribute to the alternative economy infrastructure in your region as a re-distributed takes place as explained in “Local Nodes“.

IMPORTANT

All the membership contributions and membership fees are going to be paid in Faircoins. Therefore, all members will automatically be equipped with an individual FairCoin Wallet in our Open Collaborative Platform (OCP).
On getfaircoin.net you can exchange Euros to Faircoins and receive the amount needed in your personal OCP Faircoin address. These Faircoins you can use for all economic activities on the platform, including the fee payment. The current exchange rate is 1€ = 1.67 FAIR

If you want to run a wallet outside of Freedom Coop and OCP and have problems of any kind with it please ask for support at your Local Node, or on fair.coop in the FairNetwork.

Table of membership fees

The table below follows a progressive fee criteria and is based on individual quarterly profits. In case profits are bigger than 10000 Euros the progression will stop at 24.7% and does not rise further. If a member has income from more than one project the fee will be based on the sum of all profits from this member.

FROM – TO BASELINE QUARTERLY quarterly fee € quarterly fee Fair % min. % max
0€ – 300€ 0 0 0 0
301€ – 500€ 15 25.05 3% 5%
501€ – 750€ 30 50.10 4.0% 6.0%
751€ – 1000€ 50 83.50 5.0% 6.65%
1001€ – 1250€ 70 116.90 5.6% 7.0%
1251€ – 1500€ 95 150.30 6.3% 7.6%
1501€ – 1750€ 120 200.40 6.8% 8.0%
1700€ – 2000€ 150 250.50 7.5% 8.8%
2001€ – 2250€ 180 300.60 8.0% 9.0%
2251€ – 2500€ 215 359.05 8.6% 9.5%
2501€ – 2750€ 250 417.50 9.0% 10.0%
2751€ – 3000€ 290 484.30 9.7% 10.5%
3001€ – 3250€ 335 559.45 10.3% 11.2%
3251€ – 3500€ 380 634.60 10.8% 11.7%
3501€ – 3750€ 430 718.10 11.5% 12.3%
3751€ – 4000€ 480 801.60 12.0% 12.8%
4001€ – 4250€ 535 893.45 12.6% 13.4%
4251€ – 4500€ 590 985.30 13.1% 13.9%
4501€ – 4750€ 650 1085.50 13.7% 14.4%
4751€ – 5000€ 710 1185.70 14.2% 14.9%
5001€ – 5250€ 775 1294.25 14.8% 15.5%
5251€ – 5500€ 845 1411.15 15.4% 16.1%
5501€ – 5750€ 920 1536.40 16.0% 16.7%
5751€ – 6000€ 995 1661.65 16.6% 17.3%
6251€ – 6500€ 1075 1795.25 16.5% 17.2%
6501€ – 6750€ 1160 1937.20 17.2% 17.8%
6751€ – 7000€ 1245 2079.15 17.8% 18.4%
7001€ – 7250€ 1330 2221.10 18.3% 19.0%
7251€ – 7500€ 1415 2363.05 18.9% 19.5%
7501€ – 7750€ 1505 2513.35 19.4% 20.1%
7751€ – 8000€ 1595 2663.65 19.9% 20.6%
8001€ – 8250€ 1685 3813.95 20.4% 21.0%
8251€ – 8500€ 1780 2972.60 20.9% 21.6%
8501€ – 8750€ 1880 3139.60 21.5% 22.1%
8751€ – 9000€ 1980 3306.60 22.0% 22.6%
9001€ – 9250€ 2085 3481.95 22.5% 23.2%
9251€ – 9500€ 2190 3657.30 23.0% 23.7%
9501€ – 9750€ 2300 3841 23.6% 24.2%
9751€ – 10000€ 2410 4024.70 24.1% 24.7%