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Opportunity for investorsThe digital economy has seen online monopolies dominate the marketplace. Through their consolidation of profit, they have been able to control local commerce and community connection. DigitalTown is uniquely positioned to lead the emerging cooperative commerce movement representing the global response by city stakeholders seeking greater economic prosperity. Our global operating framework is led by a seasoned leadership team, a growing global advocate network and is rooted in a modern blockchain technology layer, with distribution channels that generate responsible growth and impactful returns to investors.
The future of local economiesBringing the power of decentralized and distributed economic prosperity to communities will be this era’s greatest opportunity for responsible growth and purpose. Our network already has participating cities led by municipal and grassroots community stakeholders together with more than 20 channel partners. We will continue to invest in this distribution framework alongside awareness campaigns and operational execution.
You probably didn’t realize it when you clicked on the button, but here is what happens after some typical transactions:
Why?Around the world, local merchants are closing at an unprecedented rate and communities are becoming increasingly disconnected. The root cause of the issue is that we have allowed specific verticals to be dominated by a small number of large corporations at the cost of the economic well-being of our local economies. Cities were historically groups of economies and social beings that contributed to each other’s well-being. At DigitalTown we believe there is a way to achieve economic growth, but not at the expense of human prosperity in an effort to return cities to their original intention. When communities keep money local, greater opportunities are created, and the economic value of communities increases. When communities win in the Digital Age, everyone can win given their inclusive nature.
How?The DigitalTown solution consists of four key pillars:
- The city as the brand
- Verified online identities
- Secure payment peer-to-peer and with local merchants
- Rewarding civic engagement
What?DigitalTown helps people search, connect, and transact with local merchants and with one another to ensure funds remain in circulation on a local level.
Who?Our channel partners around the globe include municipalities, chambers of commerce, destination marketing organizations, local businesses, community leaders, foundations, NGOs, philanthropists, blockchain and crypto enthusiasts, and various civic minded people. All or any of these stakeholders can lead their local movement.
We provide each user with a free SmartWallet that hosts:
- Blockchain enabled Verified Digital Identity
- Reputation cataloguing civic participation
- Supports fiat and crypto currencies
As users search for products or services in their city, local merchants and independents appear first in the search results. Online commissions represent a significant reduction for local merchants working with Big Internet. Initial percentages will be as follows:
- Lodging: 12% on all reservations
- Retail: 8% on all purchases
- Dining: 8% on all delivery orders
- Services: Referral fee based on vertical
We charge no transaction fees peer-to-peer and just 1% consumer to merchant. We are able to lower online commissions as we achieve economies of scale creating further incentive for adoption. It’s the promise of the sharing economy delivered responsibly to communities around the world with enormous potential to retool how we approach local economic development.