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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.