social projects

1. Social Time Currency
“The currency for doing Good,
Blessing for Hong Kong”

2. Millennium Development Goals

3. Millennium Development Goals

4. Time Currency
Time Banking's Core Values:
 Everyone is an asset
 Some work is beyond a monetary price
 Reciprocity in helping
 Social networks are necessary
 A respect for all human beings
 A true blessing

5. Huge Social Impacts

6. Charitable Services

7. Tremendous Civic Resources
The 2001 study issued by the Independent Sector found
that 83.9 million Americans volunteer roughly US$239
billion of time.
“collective efficacy” stems from
a “shared vision, if you will, a
fusion of shared willingness of
residents to intervene and social
trust, a sense of engagement
and ownership of public space.”
Co-Production takes the idea
of building on strengths and
embeds it in the ideas of the
core economy, the need for
partnering between
professionals and clients, and
the new role of clients as co-
producers of outcomes.
Co-Production

8. Good Deeds
Charity and Philanthropy Volunteer Work
Responsible Consumerism Social Activism

9. What is a Social Time Credit ?
• We do good deeds because our
natural kindness like to helps others
• We also believe doing good it brings
us intangible rewards
• West – A good deeds brings BLESSINGS
• India - Positive actions bring KARMA
• Islam - NIYYAH means that a good
deed is rewarded with untapped
treasure and reward
• Chinese - Good deeds contributions
bring FU QHI (福气) which brings good
prosperity for yourself and family
doing good (,祝福 )
• We create a a tangible social value
called Time Credits to reward
individuals for doing good deeds
• Social Time Credits is firstly used as a
display of an individual’s Social Wealth
– a measure of your contribution to
society
• Social Time Credits can be used as
currency of transaction for goods and
services made by Social Enterprises, so
stimulating demand
• Social Enterprises act like banks that can
buy issue and redeem social credits, thus
creating a demand and supply for Social
Credits
Good Deeds Social Time Credits as a reward

10. Circulation of Social Credits
Social
Enterprises
Individuals
Social
Enterprises
Social Time
Credit Bank
REDEEM
Social Enterprises
can sell excess SC
back to the Social
Time Credit Bank
for 5c per 1Sc
REWARD
Social Time Credits to
individuals based on their
contribution level to a
good deed
TRADE
Individuals can choose to
display, trade or spend
their SC (as groupon
discount) on goods sold
by other Social
Enterprises
ISSUE
Social Enterprise
can buy Social
Time Credits at
10c per 1 SC
1. 2.
3.4.

11. 1. Issuing Social Time Credits
Social Time
Credit Bank
(SCB)
Social
Enterprise
(SE)
Social Time Credit Bank
can issue Social Time
Credits only to a Social
Enterprise
Social Enterprise pays SCB
USD0.10 per Social Credit
(nominal issue value)

12. 2. Reward Social Time Credits
Social
Enterprise
Investors
Donators
Organizers
Individual
Promoters
Advocator
Partners
Consumers
Suppliers
Social Enterprises use Social
Time Credits as a reward
system for Individuals that
participate in their business
Each Social Enterprise
sets its own reward
system at their own
market value

13. 3. Trading Social Credits
SAVE
• Show social wealth on
their facebook or
social profile
CONSUME
• Use SC to buy goods
and services
SELL
• Transfer social credits
to other individuals
INDIVIDUALS
Social Time Credits
acts as a measure of
Social Wealth in
society
Social Time Credits
acts as groupon / air
miles for consumption
of goods
Social Time Credits
acts as currency of
value and transfer of
wealth

14. 4. REDEEM Social Credits
Social
Enterprise
Social Time
Credit Bank
Can redeem (sell back)
social credits
Redemption price is
USD0.05 per SC (always
have the nominal issue
price)

15. Mining Social Credits
Organizing
fundraising
Meetup
events
Contributing
donation
consumption
Socializing
Article
contribution
Campaign
awareness
Social Time Credits are created (mined) when individuals do good deeds

16. Examples of Social Time Credits at work
Donation
Charity
offers
donators
1SC per
USD
donated
Volunteer
Work
Social
Enterprise
offers 10SC
per hour
for
volunteer
work
Social
Sharing
Organizer
offers 1SC
per blog
mention to
each
person
who
tweets or
likes their
campaign
Social
Wealth
An
individual
displays his
social time
credit
wallet
value on
facebook
or other
social
media sites
Buying
Individual
uses his
social
credits to
get a
discount
off goods
offered by
a Social
Enterprise

17. Social Wealth enables increase demand
GAMIFICATION of Social Time Credits
Leader Boards
Achievements and Awards
Social Time Credits
stores social wealth
and measures status
Leads to demand
and speculation of
Social Time Credits

18. Individual
Individual
IndividualIndividual
Individual can
provide their experts
and services to
others.
Tutorship, teaching
piano, cooking, etc

19. SME Companies
All win-win
collaboration for
the donors,
volunteers,
beneficiary.
This model saves
a lot of
administrative
works for SME
SME
Fill in SME
Services
Requirement
Social
Credit
Currency
Social Credit Bank will
the driver for all
activities and
coordination
Individual
Volunteers
Volunteers will obtain
positive social credit
Good
and
Services
Sponsorship
Beneficiary

20. A Banking system for Good ?
Social Time
Credit Bank
Social
Enterprise
Individual Consumers Investors
Social
Enterprise
Organizers
Social Enterprise acts
like a bank,
distributing social
time credit currency
to individuals
(organizers,
donators)
Individuals use Social
Time Credits for saving,
display, consuming and
transacting social
goods and services
Social Time Credit
Bank acts like the
treasury for issuing
and redeeming
social credits

21. Social Time Currency
Social Time
Credits
Funding Direct Impact
Consumption
Goods and
Services
Demand for
Social Time
Credits
Awareness
Activists
Volunteers
Evangelists
Social Time Currency is a new currency for social enterprise. The benefits is that
good deeds by individuals are rewarded with social wealth and recognition

22. Formation Plan
Scopes
• Identify services scopes
• Identify stakeholders
• Invite partners like NGO and associations to join
Phases
• Define different implementation phases
• Invite advocators for different services
• Prepare marketing plan and promote Social Time Currency
Founders
and Funding
• Invite limited amount of founders and financial and manpower commitment
• Define the sponsorship packages
• Arrange CSR leadership meeting with prominent chamber/NGO/Association

23. Thank You !

24. References
• THE NON-MONETARY ECONOMY by Edgar S. Cahn
http://timebanks.org/wp-content/uploads/2014/01/Non-MonetaryEconomy.pdf
• The Co-Production Principle and Time Dollars by David Boyle
http://timebanks.org/wp-content/uploads/2014/01/Co-ProductionPrinciple.pdf
• The New Philanthropy by David Boyle
http://timebanks.org/wp-content/uploads/2014/01/NewPhilanthropywcover.pdf
• Equity crowdfunding in Europe
http://www.crowdsourcing.org/editorial/a-cloudy-forecast-equity-crowdfunding-in-europe-part-1/20692
• Building a Virtual Economy
http://www.slideshare.net/mattmcallister/building-a-virtual-economy
• Social Gold
http://www.slideshare.net/socialgold/social-gold-how-to-launch-your-own-currency