Why Crom Alternative Currency?

Because it is an incubator of ideas about a better world, sustainability and greater self-sufficiency. Through increased employment and local self-sufficiency, production and consumption of sustainable products and services, and encouragement of future social interactions - everyone benefits from participating in this worldwide network of alternative local cooperative economies, independent from national economies.

The main aspect of our modern world is that money is global and it travels fast. Most of alternative types of money and complementary currencies in the world are the local currencies, limited for use only in a particular area and as such not suitable for building large-scale alternative economy.


Is Crom alternative currency real money?

For anyone who accepts it, yes, crom currency is real money, just like the euro or the dollar. Among other rules that are to be respected, one knows who its owner is at the moment of creation - the whole community. One knows who its owner is in circulation - the bearer. It is known how it enters into circulation - through the Crom Currency Exchange and Crom No Interest Loans. It's known what is currency coverage - products and services within the system. Also, it is known what this monetary system is intended to serve - to allow freedom of the broader population based on monetary sovereignty and financial independence as an essential condition for the development of any kind of democratic civil society.


How much of what is 1 crom worth?

Our view is that in an economy, money by itself is not a value but a measuring instrument for mutually recognized values of goods, products and services.

Is there anything more precious in every human life than time? Those 70-80 years, people will live freely and happily, or oppressed, humiliated and deprived of their rights? Looking from this, the most realistic one of all the real perspectives; is there a better, more efficient and fairer accounting unit than time? Everything can be measured with the time. Is not every product or service the result of energy and skill that we all invest in our work by spending some of our specific time?

Mankind has totally neglected the undeniable economic fact that the true value of money does not derive from the numbers printed on it, but from the effort which lies behind all those things that can be purchased with that money. There are almost 7 billion people in the world - wealth is distributed very unevenly, differences are truly shocking to say the least. Taking into consideration the estimation of the average working hour in the world, which is almost impossible to calculate, a value ratio of 1:1 is established between the euro and the crom currency.

1 crom = 1 hour of invested work. Looking through euros, on a planetary level, roughly equivalent to the average compensation for one hour of work.
This however does not in any way mean that one crom must always be taken as 1 hour, different products and different services in different conditions and different regions have different background costs. Translated, in early stage of development of this system - the best way to set the prices of products and services is to assign them actual values which the market currently recognizes.

In other words, crom is oriented toward a proper understanding of values and reduction of differences to normal and sustainable levels.


Who can activate an account and how?

Citizens, private owners, pensioners, businesses, public institutions, associations, public and private organizations, virtual communities... to all those who accept the terms and conditions of use, account with initial balance of + 10 Croms is automatically activated by the registration into the system.


How much does all this cost?

Enrollment in the Crom Alternative Currency System is free of cost.
Regardless of the number of operations performed on the account which allows all functions of the traditional bank account - sending money, receiving money and changing money, a single fixed price for unlimited use is 5 crom per month.

The price of the member verification is: "Company" 50 euro, "Virtual Community" and "Organization" 30 euro, "Man" 10 euro.


How does the Crom Alternative Currency System function?

Croms need to be earned.
Looking at the whole picture, besides the crucial difference when compared to the official global monetary-financial system, which is that through the different way of issuing and distributing money community does not serve the system, but the system serves the community both at the collective and individual level; everything else is very similar to the everyday use of dollars or euros, even via mobile phones. Moreover, in this system of alternative currency, crom is not the only and compulsory medium of exchange - everyone is free to choose one that fits them best, including barter, or a combination of different percentages of various means of exchange in the a price. Without intermediaries and bureaucratic complications, everyone can do business with anyone. Who does not have enough money, borrows the money under certain conditions, without paying interest. All in all, mechanism is oriented towards the development of cooperative rather than competitive economy.


How can I get croms?

Simply, just start to accept them from other members. You can also take out a Crom Zero Interest Loan, or change euro currency into a crom money.


I have croms, what do I do with them?

Spend them!
Croms are money which you can use to buy everything that is available on the Crom Marketplace.
Of course, the more crom money crom thou trying to spend, where to it have not yet heard, it will offer products and services to be more Crom Marketplace: electronics, food, insurance, jewelry, fuel, accommodation, accounting...

Or if you momentarily do not need anything, keep it, you can always use it later.


How much can I save on costs?

Advertisements and marketing through them are free of cost, and there are no fees for transactions. If as a medium of exchange has been chosen crom currency, then the tax savings are significant and can reach even 100%.

As for customers, it is worth mentioning that through the specific mode of functioning of the Crom Currency Exchange, euros changed into a crom money significantly increases their purchasing power.


How can I increase sales?

The number of members of this community is constantly growing. Other members are motivated to buy from you. In addition, there is a strong likelihood that clients with whom you have been doing business in the usual traditional way, using the advantages of this alternative monetary-financial system, increase the volume of their orders.


What products and services do I have to offer?

Any. You choose what and how much of it you wish to offer.


Who pays delivery costs?

Delivery is a matter of personal agreement between the buyer and the seller.


Do I have to issue receipts for sales made in crom currency?

In general, no. Each transaction is indelible, has its own unique number, and is always available to both the buyer and the seller. However, if the buyer asks you a receipt, you are obliged to print the transaction and on the request put the signature and/or seal.


How many new members does a broker have to register per month?

The work of a broker is stimulated through commission for each newly registered member. As more new participants he associate to this alternative currency system, and the more active his members are in the business sense, the higher is his gain.

A broker is a manager of the local group on the forum. As the communications between him and his members along with the new content and information that he publishes regularly on the forum in his group - enriches the overall value of these web pages, the minimum number of members that broker must register each month is not specified.


Payment of annual dividend - to whom, when and how much?

To whom - to all participants in the system except non verified members.
When - in January of each year.
How much - all that reamins after the operating and development costs are subtracted.


Do I have to pay tax to the state on exchanges made in croms?

No.
When you buy and sell through the so-called "national" currencies behind which in reality stands a private institution, you are using something which is rented to you with interest. Money which is collected through taxes does not serve to raise the overall quality of life and enjoyment of the fruits of your own labor, but for the payment of debt interests to the true owner of that what you keep in your wallet.

Taxes can seem like a delicate question, but in the Crom Alternative Currency System is solved simply in just two words - no taxes.
When you use the crom currency as a medium of exchange, you are using something that no one, no country or institution in the world has the right to interfere with. Even in the smallest part of it, system is not owned by anyone other than the members of this community who have agreed terms and conditions of use; and on the subject of official recognition of the existence of the crom currency or collection of taxes has not been signed any contract with anyone. The exception represents communities regularly registered in the Crom Alternative Currency System which condition the enrollment of its members within this system to something similar.

Collecting taxes would look like as if you, with your own hands, have made a flying solar powered automobile and someone still forces you every morning to buy the fuel at the petrol station, or to pay him pavage or solar energy; or even worse - all three things altogether.

In any case, the issue of paying taxes or not is a matter of personal choice. Whoever wants to pay taxes, even though no valid reason for paying them exists, can pay the taxes to the state in the currency of his choice. Of course, until the crom currency does not appear in paper form, the state can only receive that tax if it is a member of the Crom Alternative Currency System.

If the choice is, however, to still pay taxes, then the sales done within the Crom Alternative Currency System are treated from the fiscal point of view the same way as sales in euros. Your account in the crom currency has the same characteristics as a normal bank account, so the statements can be easily integrated in accounting books of your company. The account will be run as an extra bank account in the financial balance sheet of your company. Depending on the choice and circumstances, the crom can be directly expressed as crom currency or easily converted into any other currency using the established value ratio 1:1 with euro.

Different discounts to customers can also be used as an effective solution for business through this alternative system. For example, a coupon for a discount you can call the Alternative Currency Crom - its percentage of your choice can be as high as 100%. This way, the buying and selling can be done in alternative currency without any problem and according to law.


Is a long-term membership mandatory?

No, members can easily terminate their participation whenever they want, but they are obliged to bring to zero the positive or negative balance of their account within 100 days from the date of application for the termination of membership.