Regenerative Community Action Network
RegenCAN
FD+ Token
Cycle
The Food plus (FD+) token cycle is dynamic and continuous. For explanatory reasons, the processes are simplified as per the 7 steps below.
Step 1
Donor funds are paid into a local RegenCAN Exchange bank account and the money remains in the bank account until the first cycle is complete.
Step 2
FD+ tokens are issued to approved projects by a local RegenCAN Chapter on a first-come-first-served basis at a rate of 100% of donor funds in the bank account. In other words, as a guarantee, FD+ tokens issued to projects or in the accounts of members never exceed the donor funds in a local RegenCAN Chapter’s bank account plus up to a maximum of 50% of the value of all in-kind donations.
Note: At the same time as a local RegenCAN Chapter is raising funds the RegenCAN FD+ outlets (charity shops) are collecting donated food, goods and services from local citizens, businesses and government.
Step 3
Projects carry out the work approved by the local RegenCAN Chapter and projects pay their workers using the FD+ tokens that are allocated to the project.
Note: Although projects are audited by random in-depth audits, most of the work done by projects is initiated and validated by project managers (volunteers).
Step 4
Workers use FD+ tokens to shop at local (A) RegenCAN Charity Shops, RegenCAN FD+ Markets, Independent FD+ Fundraisers, or (B) Community Food Gardens or RegenCAN Market Gardens, or (C) other NPO Charity Shops
Note 1: An independent Fundraiser may for example be a citizen that bakes cakes and sells them to FD+ Compact members or an electrician that donates 10 hours of work per month to FD+ Compact members using FD+ tokens for payment. Some Independent Fundraisers also sell at RegenCAN FD+ Markets. All FD+ tokens received by Independent Fundraisers are paid to the RegenCAN System.
Note 2: other NPO Charity Shops are Charity Shops belonging to registered charities / NPOs that are working with a local RegenCAN Chapter. FD+ Compact members can purchase goods using FD+ tokens for payment.
Step 5
Outlets transfer all the FD+ tokens they have received to the local RegenCAN Exchange. Step 5 marks the end of the first cycle.
Note: (B) Community Food Gardens, RegenCAN Market Gardens, and (C) other NPO Charity Shops are paid out in Rands in exchange for FD+ tokens. See information below.
Step 6
Using funds from:
RegenCAN FD+ Charity Shops
RegenCAN FD+ Markets
Independent FD+ Fundraisers
A local RegenCAN Exchange uses Rands from the bank account to pay for building materials in bulk. Most of the building materials are sold exclusively online to FD+ Compact members and distributed from a warehouse. Smaller more consumer orientated building materials are distributed to and sold via the RegenCAN Charity Shops. Step 6 marks the beginning of the building material cycle — the second cycle.
Note: Step 6 only applies to (A) RegenCAN Charity Shops
Step 7
Using funds from:
RegenCAN FD+ Charity Shops
RegenCAN FD+ Markets
Independent FD+ Fundraisers
FD+ Charity Shops transfer all the FD+ tokens they have received to the local RegenCAN Exchange. Step 7 marks the end of the building material cycle — the second cycle.
Note 1: Step 7 only applies to (A) RegenCAN Charity Shops
Note 2: The monetary value of the building materials cycle is in many ways determined by the value of the in-kind donations sold by the outlets. In other words, a higher value of in-kind donations means that more of the ZAR donations can go to the building materials cycle.
Non-Building Materials Cycle ZAR Payouts
Even though the Community Food Gardens and RegenCAN Market Gardens are paid out in Rands, and there is thus no building material cycle, the net effect on community upliftment is still significant. Notably, the FD+ tokens have been paid out for environmental work before being paid to the Community Food Gardens and RegenCAN Market Gardens. Furthermore, the RegenCAN Market Garden System is a key regenerative development component of the Rescue Earth System.
The NPO Charity Shops are also paid out directly with the financial benefits going to the NPOs work in the community. Likewise, the FD+ tokens have been paid out for environmental work before being paid to the NPO Charity Shop. So, essentially, the RegenCAN System benefits have already been realised.
