[PRESS RELEASE – Zug, Switzerland, April 24th, 2023]
UrbanChange Protocol, a dual-token economy model promoting economic and social sustainability in local communities across the globe, is launching on mainnet. In the coming weeks, the protocol and its offerings will be made publicly accessible.
UrbanChange Protocol presents a paradigm shift in how local engagement is measured and incentivized. The protocol empowers community leaders – organizations and individuals alike to maximize the impact of their budgets by promoting local engagement related to sustainability, education, preventive care, diversity, and shopping local.
The upcoming mainnet launch will allow motivated residents and leaders to be among the first to launch UrbanChange in their communities and receive early adopter benefits, including a grant designated to kick-start success.
UrbanChange’s dual-token model enables community leaders to set, track and achieve their goals by motivating residents to participate in community initiatives. Ultimately, this generates a strong, circular local economy that drives increased economic and social prosperity, and gives residents a true sense of ownership.
The protocol’s model utilizes two tokens: LocalCoins and ImpactTokens. These tokens work together to stimulate a continuous cycle of social engagement and economic growth.
The LocalCoin is a local currency. Residents earn LocalCoins for taking actions that support the goals of the community such as recycling, volunteering, and promoting education, and then use their LocalCoins to shop at whitelisted local businesses.
Spending LocalCoins merits ImpactTokens. ImpactTokens offer voting and governance rights to members of the community and provide access to benefits associated with shared ownership. Ultimately, ImpactTokens reflect the prosperity and level of social engagement of urban communities.
Local Hero Program and Grants
The upcoming mainnet launch will allow communities to launch their own LocalCoins and ImpactTokens in order to stimulate a unique cycle of economic growth and social impact. In anticipation of the launch, UrbanChange has opened the floor for community leaders worldwide to receive a grant of the 5,000 UrbanChange Tokens needed to launch their community on UrbanChange Protocol. A total of 10 grants will be distributed to community leaders who join the Local Heroes Program and take the necessary steps to open their UrbanChange Vault.
UrbanChange’s Local Heroes Program is designed to support the leaders of UrbanChange in communities worldwide. The program provides leaders with the resources needed to spread the word and implement UrbanChange successfully in their local communities.
“At UrbanChange we believe that change can start anywhere,” UrbanChange Co-Founder Ortal Tevel wrote, “It doesn’t matter if you are a municipality, a private or non-profit organization, or an individual. If you want to lead change, UrbanChange is designed for you. Nobody is too insignificant. You just need one community leader to drive change and take more and more people with them… In the end, every action counts, and collective action will ultimately create lasting change.”
UrbanChange is now accepting motivated individuals who are interested in driving change in their local communities to join the Local Hero Program through a dedicated Discord group.
About UrbanChange Protocol
UrbanChange Protocol is a dual-token model promoting economic and social sustainability in local communities. The protocol empowers community leaders – organizations and individuals alike – to maximize the impact of their budgets by promoting local engagement through taking positive actions related to sustainability, education, preventive care, diversity and shopping local.
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