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1-10 employees
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Financial Services
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IOU CHARTER
PRINCIPLES OF TRADE : Declaration of free exchange
1) Everyone has the same rights.
No one has any more or fewer rights than anyone else.
2) All parties are free to exchange their goods and services, on a voluntary
basis, in good faith, where one receives only that which they gives in
exchange as per mutual agreement.
3) Tokenized promissory notes can be issued by any party, anytime,
anywhere and as per agreement be used as payment and exchange of
value. Issuers can create their own IOU, tokenized promissory notes,
backed by value; goods or services.
4) Tokenized promissory notes, IOU, will include the full legal name of
issuer, date of issuance, serial number, detailed description of what the
collateral is, location, and other pertinent information unique to said
exchange.
5) IOUs do not charge interest and have no specified payback date.
6) IOUs act as a debt-free value-backed currency giving anyone who holds
the promissory note the right to trade or redeem it for value; the
agreed upon goods and services.
7) Issued IOU, promissory notes, are solely under the control of the issuer
and holder of said instrument.
8) Issurer is unequivically obligated to expeditiously, as per terms of note,
execute IOU.
9) Issuers performance is rated by the IOU holders. These ratings are
available and visible for the community to use for future transactions.
10) The IOU Charter may be ammended for the betterment and protection
of the community.
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IOU Ecosystem Email Formats | Example Email Formats | Percentage |
---|---|---|
{f}{last} | [email protected] |
75.00%
|
The widely used IOU Ecosystem email format is {f}{last} (e.g. [email protected]) with 75.00% adoption across the company.
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