PERA Coin : A Social Coin Option So No One Is Left Behind

Primarily, the lack of comprehensive and integrated social services in the Philippines along with limited or selective investment opportunities, have inspired us City Tokeneers to create a digital financial service through PERA Coin ecosystem that can bring together the small but mass players of the society in order to empower them to increase their buying capacity and build equitable wealth sharing amongst them.

Currently, the Philippine Government can only extend “dole outs” to some, particularly to calamity or disaster-stricken groups, excluding the rest of the still increasing population. 

Unfortunately, a devaluated P1,000 (One Thousand Philippine Peso) can only buy a good or service and not much. Only if one has more than P1,000 in his pocket that he can do more. But, not every Juan (Filipino) has the same opportunity to earn more. So, he can forgo his other needs like healthcare or entertainment and just live with what his P1,000 can afford him.

PERA Coin is created for the Philippine Citizenry, specifically, who does not enjoy integrated social services and have limited economic opportunities. It is an ecosystem for collective financial activities of its community members (coin holders) that shall offer a digital platform, which can extend the following opportunities by investing in just 1 or more coins: 

a. Profit-Share from small and big investments e.g. in Agriculture without owning a farm, Movie-making even just as moviegoers, Renewable Energy even without own invention or Infrastructure Development like toll bridges or highways.

b. Automatic Availment of Senior and Student Benefits without the need to present proof of entitlements (I.D. Cards) as respective identities shall be established or collected  at the outset via KYC when availing of PERA Coin.

c. Hospital Admission or Loan Application of Coin Holders shall be guaranteed by the Coin Community accordingly. 

d. Automatic Tax Deduction / Remittance for every business transaction using PERA Coin.

e. Safe and Secured Ownership of PERA Coin as it cannot be technically or digitally stolen. 

g. Only Transferable to designated or legal heir/s as declared during the KYC Process. 

h. Includes Accident & Travel Insurance Coverage [Group Insurance]

i.  Peer To Peer trade and exchange of goods and services using the coin. 

j. A Stable Coin that shall be pegged in gold. 

Initially, 1 Million up to 10 Million PERA Coin Holders who wants to stretch the value of their P1,000, from 18 to 81 years of age, Philippine Residents or not.

PERA Coin shall not discriminate any interested Coin Holders regardless of economic standing, provided they pass the stringent background check (KYC) of the accredited financial institutions already operating in the country. So, they can be:

Students, Elderly, Educated (mildly or fully), Professionals, Single, Married, Male, Female, LGBTQ+, Religious or Not, Individuals or Organizations, Locally or Foreign-based Persons. 

However, as the Philippines now have over 110 Million population and still growing, we hope that PERA Coin can serve nationwide eventually. 

Although, I was born in Washington, Pennsylvania, U.S.A., I was raised here in the Philippines by my Filipina Mother who immersed me in the life situations of the common masses. She wanted me to be “street smart” and develop survival and competitive skills that came handy when I moved to study in New Zealand just by myself. 

However, my strong bond with my High School Classmates with whom I experienced and witnessed social welfare deficiencies here, prompted me to conceptualize with them this digital financial solution, which can improve the lot of many, if not all, Filipinos since more technological breakthroughs are now available to make it happen. 

Together, my fellow City Tokeneers and I came up with PERA Coin idea according to our past individual personal encounters and observations, motivated by our desire to include everyone in the society, provided he or she is a willing and able participant/user/contributor to the ecosystem. 

Inherently, we do not only understand the social and economic needs of this society, rather we do know them by heart since we grew up in them. So with PERA Coin, we aim to help solve them in the most practical and effective way we know and believe in. 

Luckily, we do have Blockchain Advisors who we consult with technically. 

PERA Coin is a type of Social Coin that is a community-based token. However, it is both utility and security token based on its designed functionality.

Now, a Social Coin is already an existing concept in the digital world of Web 3, which has already been adopted elsewhere like in the case of LUGA Coin of Lugano, Switzerland and MIA Coin of Miami, U.S.A., just to name a few. Both Coins are considered City Coins because they were created to serve the mutual needs of the city and its dwellers where they are coined after. 

PERA Coin, on the other hand, is a social coin prototype. It is not a Single City Token as it will be circulated in more cities in the Philippines according to its metropolitan city cluster system i.e. Metro Manila, Metro Cebu and Metro Davao. 

Initially, targeting 1 Million Users in a test community (New Clark City, Pampanga) that has the said number of population as well as infrastructures i.e. international and domestic airports, hotels/resorts, recreational parks, casinos, hospitals, schools, sports and entertainment hubs, already in place.

As a former U.S. Air Base that was converted into a commercial-residential community, it is under the jurisdiction of the Bases Conversion and Development Corporation [BCDA], a Government Owned and Controlled Corporation, which makes it ideal as a test market since Governance of PERA Coin shall be entrusted to the local authorities eventually. 

Then, once successful, the next goal is to reach 10 Million Users/Holders in the metropolis (Metro Manila, Cebu and Davao, governed by their respective Metropolitan Councils of Locally Elected Officials) before putting PERA Coin in the global exchange market that will help increase its intrinsic and economic value as a digital currency for the benefit of all stakeholders. 

Through PERA Coin DFS, we hope to improve the lives of majority of the Filipinos who may only have P1,000 in their pockets.

However, we do need a Start Up Capitalization of US$1 Million to be able to launch and sustain our campaigns that will introduce, educate and entice our target markets to embrace the idea and support it.

We want to invest in technology and cyber security in order to safe keep everyone’s investment in PERA Coin. 

We may also need to convince the Philippine Government to support our endeavor that will help solve its problem in providing better social benefits, creating sustainable economic opportunities and implementing a more efficient tax collection for Filipinos. 

PERA Coin is the first social token to be introduced in the Philippines. 

Currently, there are e-Wallets already in place but, there isn’t any locally created digital money pegged in the local currency available here yet. 

Also, it shall be backed by Gold not only to stabilize its value but more in support of the country’s gold mining industry.

It is likewise our aim to trade it in the global market eventually once PERA Coin has gained a foothold in the local market with at least 10 Million Active and Satisfied Users. 

We have planned out a 5 year Campaign to roll out PERA Coins domestically from 1 Million up to 10 Million Coins based on our Financial Projection.

We are already in talks with a local Blockchain Developer [www.bayanichain.io]. Its CEO/Lead Developer, PAUL SOLIMAN is now looking into designing the most apt blockchain infrastructure for PERA Coin DFS. 

We have a volunteer IT & Promotions Teams on stand-by ready to join the project once we signify the official take off. 

Our test market community is eagerly awaiting for our test launch and will sign up a Memorandum of Agreement with us (City Tokeneers) as soon as our Blockchain design is finalized. 

PERA Coin ecosystem hinges on collective efforts in the tradition of the Philippine Bayanihan (communal unity) and Paluwagan (easing up the hardship) Spirit.

Hence, we can effect a sweeping change in the Philippine Society through a collective empowerment of the Filipinos that will uplift their economic and social situation. 

PERA Coin shall be a decentralized and transparent digital finance service [DFS] in a blockchain system to ensure its sustainability and secured interoperability.

We want it to be simple yet safe for every Coin Holder to use. 

Moreover, we hope to make the platform visible and available for Users i.e. Holders, Traders and Service Providers within the city/community to find.

PERA Coin DFS shall be registered under City Tokeneers DAO, a Decentralized Autonomous Organization for Profit. It may be a first of its kind in the history of Philippines’ Securities and Exchange Commission. 

Then, as required by law, City Tokeneers DAO shall secure a secondary business license from the Banko Sentral ng Pilipinas (BSP) since PERA Coin is a financial service with investment solicitations and currency exchange. 

At the moment, we are open to any interested parties that are willing to devote their time, energy and skills or ideas with us. Anyone who is a team player can join PERA Coin Developmental Stage, be it individuals or groups. It’s the Bayanihan Spirit in us. Certainly, No One Is Left Behind because we will need all the support we can get from our target community

No Age, Gender, Religion or Educational Attainment Restrictions. But, while we are Non-Discriminatory, we are highly Output-oriented. “No Pain is No Gain for us”. Everyone must toil and earn their keep to be bonafide City Tokeneers. 

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PERA Coin Lite Paper is available upon request. 

PERA Coin Distribution Plan is designed to self-generate funds (by selling Coins)

that will finance its economic activities and social programs. 

But more importantly, we will adopt a Mindful Money Management Method from the get go to ensure funds are allocated for wisely because no amount of money will be enough to sustain the business if it is spent wantonly from beginning to end. 

While we have not pitched to any other funders or financiers yet, PERA Coin DFS is designed to attract local and international Digital Currency Investors whose individual or group investments can fund and sustain its operation.

We are likewise eyeing Strategic Partnerships with local and foreign companies that may consider alliance with PERA Coin e.g. Dito Telecommunications, Udenna Corporation, Airlines, Shopping Malls, International Gold Traders, etc. 

However, City Coin Projects elsewhere similar to PERA Coin DFS have received fundings from Coinfund NYC, which is one of our target funders as well along with doing an ICO launch with Unit.Network parachain platform.