# Use Case

Based on the platform provided by PEACE COIN project can be used as evaluation criteria or approval action for the behavior which was hard to be valued in terms of money. This can be introduced in a wide range of communities, from home to companies.

Furthermore, in a larger framework, it is expected to contribute to local creation once introduced to local communities.

Generally, PEACE COIN token will be introduced, but in case of companies and local communities, sub- tokens can be issued if necessary, and applied different operational conditions from the main PEACE COIN token.

The followings are use cases in various scales.

※ 3 use cases are introduced in this Chapter, and other possible use cases are described in Appendix 1.

**Use Case 1 Utilization as Remuneration for Housework**

Housework is difficult to be evaluated even though it is economically valuable services (Unpaid Work). If you pay PEACE COIN for those housework such as cooking, laundry, cleaning, childcare, caregiving etc. with appreciation, it will create a small economy. Furthermore, housekeepers and neighbors can pay PEACE COIN to each other when others support or help them, which will create more and more economies.

Visualization of Unpaid Work will be promoted by purchasing localized PEACE COIN token and evaluating housework between couples and families. We will promote development of applications and collaboration with platform companies.

**Use Case 2 Utilization in Corporate Personnel System**

A company pays PEACE COIN to their employees as a part of their salary and remuneration. And employees can pay PEACE COIN to each other as an evaluation. This can be free evaluation which is not bound by the evaluation standard of the company. Employees who are not easily evaluated in the existing system will be spotlighted, such as employees who are doing their best but not yet achieved results, employees who are keen to work hard, or back office employees who are unlikely to be evaluated by results.

We will introduce the implementation of PEACE COIN remittance function to chat application such as Slack, or partnership with SaaS companies, etc. to the companies that are trying to promote employees' engagement, to visualize qualitative results, and to revitalize internal communication.

**Use Case 3 Utilization as Community Currency**

PEACE COIN has two aspects; it strengthens the connection of communities by circulating the incremented money with "ARIGATO CREATION" to the values not being visualized (LETS\*) and it accelerates the currency's circulation speed by decrement function (Stamp Money\*). In addition, for usual banknote type Community Currency, security costs such as countermeasures against free riders will be expensive as the value of Community Currency increases, but fraud is extremely difficult with PEACE COIN as it is based on Blockchain.

Upon introducing Community Currency, the increment/decrement rate suitable for each region will be set by algorithm so that each Community Currency can be exchanged at a constant rate. As regions with high population have more opportunities to use Community Currencies, we can set the increment rate low, which will increase the value of the currency. On the other hand, regions with low population have less opportunities to use Community Currencies, we can set the increment rate high so that the amount of the currency will easily increase (but the value of the currency decreases).

Connecting the global PCE with Localized Tokens for local communities will enable users to exchange currencies throughout the PEACE COIN platform. Thus PCE liquidity will be ensured not only within the region but also across a widespread area.

| Currency Type | Characteristics                                                                                                                                                                                                                                                | Control System                                      | Advantage                                                                                                                                                                     | Disadvantage                                                                 |
| ------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------- |
| Fiat Currency | <p>Banknote Ty pe.</p><p>Central Bank is the issuing entity.</p><p>Money is created by Credit Creation.</p>                                                                                                                                                    | <p>Centralized</p><p>Control System</p>             | <p>Savings available.</p><p>Widely distributed.</p>                                                                                                                           | <p>Limited in scope of target value.</p><p>Widening disparity in wealth.</p> |
| LETS\*        | <p>Bankbook Ty pe.</p><p>Initial account</p><p>balance of a user is</p><p>0. "-" is marked in your account when you receive service, and "+" is marked when you provide service.</p><p>It aims to revitalize community by</p><p>people helping each other.</p> | <p>Mutual Credit Issuance</p><p>System</p>          | <p>Enhancing community relationship.</p><p>Transactions can be done between Individuals without intervention of Value Issuer.</p>                                             | <p>Troublesome transactions with recording.</p><p>Free Rider problem.</p>    |
| Stamp Money\* | <p>Banknote Ty pe.</p><p>A system to</p><p>decrease the value of money as time passes, by buying a stamp of a certain</p><p>%</p><p>of the face value and paste it on the back of the bill periodically.</p>                                                   | <p>Centralized</p><p>Control System</p>             | <p>Promoting Economic Revitalization.</p><p>Easy to issue.</p>                                                                                                                | High risk of Forgery                                                         |
| PEACE COIN    | <p>Electronic Currency. It increments when paid to a value</p><p>provider, and</p><p>decrements when stored and not in use.</p>                                                                                                                                | <p>Decentralized</p><p>+ Mutual Issuance System</p> | <p>Various Values</p><p>can be measured.</p><p>High Fluidity.</p><p>Impossible to</p><p>forge. Enhancing community</p><p>relationship. Promoting Economic Revitalization.</p> | Not suitable for Savings.                                                    |

※Please refer to Appendix 2 "Comparison of Community Currencies " for details.


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