What is a Contributor Credit (C²)?
A way to pay your collaborators before you have money or even a business.
Each Contributor Credit, written "C²", is a promise to pay $1 the future, when the project or business has cash.
If an project pays 300 C², then it must pay the holder of those C² $300 when it either reaches a trigger (like a
round of investment) or begins earning revenue. If the project fails to bring in money, then it doesn't have to
pay.
When do I use C²?
When you have a cool idea and collaborators to help you build it.
Most businesses start out as projects, experiments to see whether a product or service is useful and valuable.
These projects often don't have much funding, and often aren't even part of a registered business. In these cases,
the people who contribute to the project need a secure and transparent way to share in its success if goes on to
become a valuable business.
Can I trust C²?
Yup. This is why we built it on the Ethereum blockchain.
Remember that C² are essentially promises. By using the blockchain for C² transactions, we are making sure those
promises are public, permanent, and impossible to erase. It doesn't even matter if Cooperativ disappears. Your C²
are still there in your wallet, and the contract the payor signed is still valid.