The essence of a CAV is to develop a contractual promise that can be offered and exchanged.
For example, if you create a CAV called COUCH, you could specify that 1 COUCH is redeemable as payment for 1 hour of your coaching. Another CAV called WAVE could be redeemable as payment for $10 USD worth of your vegetables.
Some CAV issuers will sell their CAVs, while others will give them as gifts, loyalty points, or exchange them in-kind. Note that anyone holding your CAV has the right to trade them to someone else or redeem them as payment for your goods or services depending on how you design them in this guide.
The CAV's ultimate aim is community improvement. When planning it, listen to everyone who may be effected by it.
The CAV's ultimate aim is community improvement. When planning it, listen to everyone who may be effected by it.
Here's the process for creating a CAV:
- About you: Who's the Issuer creating and publishing the CAV?
- Naming & Purpose: What's your CAV's name and what can it be redeemed for?
- Valuation & Amount: How many CAVs will you produce and what's their total worth?
- Expiry: When do CAVs expire, and where are they renewed?
- Customization: Any special features for your CAV?
- Finalization: Here, you'll sign and publish your CAV on the Celo ledger.
Warning
This guide and lessons learned described in our documentation here are based on practical experience in Kenya. This does not constitute financial advice, and there are no warranties implied. Use at your own risk. Also note that by issuing a voucher, you are obligated to redeem the voucher as specified in this process.
Grassroots Economics Foundation has no liability or obligation in relation to the usage or access to your voucher. You are publishing your voucher on the CELO ledger, which is public, and all transactions and usage of your voucher will be transparent to the public. All information you enter on this website/tool should be considered public. Do not enter private or confidential information. Only enter information that is crucial for people to know about your CAV and how to contact you.
If you are considering issuing or using a CAV, it is important to weigh the risks and benefits carefully. Here are some additional things to keep in mind about CAVs:
- Please check within your legal jurisdiction for local regulations.
- CAVs are only guarenteed to be accepted by the issuer (you or your association) and may not be accepted by other businesses or individuals.
You will need a Wallet like Valora to complete this process.