The primary goal of Zingwaldo is to provide tools (the Zingwaldo Apps) that aim to reduce poverty while stimulating pervasive abundance.

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Visit Zingwaldo at Google+ to learn how you can get a headstart accumulating ZTUs before we release the Zingwaldo Apps.

Pre-release ZTU Accumulation Spreadsheet

Zingwaldo on a Phone


The concept is very simple.

For every 6 minutes that a person is alive, 1 Zingwaldo Trading Unit (ZTU) will be added to that person's Zingwaldo account.

No More, No Less

You can't buy extra ZTUs from Zingwaldo. All you get is all you get.

1 ZTU every 6 minutes.

240 ZTUs per day.

87,660 ZTUs per average year.

Should Be Enough

7,000,000,000+ people are on this planet.

If they all had Zingwaldo accounts, each year would see 613,620,000,000,000 new ZTUs put into circulation.

613 Trillion with a T.

There might not be enough money to get everything done that needs to get done, but there should be enough ZTUs.


First....One Zingwaldo account per living person.

Second....You need to be invited by a number of existing Zingwaldo account holders in order to get your ZTU account.

Third....If you try to cheat, you'll lose all your ZTUs and never get a ZTU again.

Fourth....All transactions of ZTUs from one entity to another MUST take place through the Zingwaldo system.

There will be others....mostly for keeping things fair for everyone.

Social Verification

Zingwaldo is putting together a system to ensure that a Zingwaldo account holder is a real, living person.

Zingwaldo account holders will all be connected as a network. The number of verifiable nodes in this network will help to determine whether or not a Zingwaldo account holder is real.

Inviting someone to become a Zingwaldo account holder comes with some responsibility.

If you invite someone that is not a real person, you could lose all your ZTUs, for now and always.

As well, Zingwaldo will reward those who detect fradulent Zingwaldo accounts, whether Personal or Merchant.

Zingwaldo will also integrate other methods of verification into the system. It's very important that Zingwaldo users trust the Zingwaldo system.


There will be special accounts for Merchants. Merchants will be able to accept ZTUs from Zingwaldo account holders.

Merchants will also be able to transfer ZTUs to other Zingwaldo account holders.

Merchants do not receive 1 ZTU every 6 minutes. They can only accept ZTUs voluntarily from Zingwaldo account holders.

Merchants will need to be verified as to their bonifides by Zingwaldo account holders. This is an extension of the social verification system.

ZTU Expiration

Each Zingwaldo Trading Unit will be numbered and tracked as it moves from person to person, person to merchant, merchant to merchant and merchant to person.

If a ZTU remains stagnant in a Zingwaldo account for a certain period of time, it will expire.

This is to ensure that ZTUs are used, not hoarded. They are Trading Units, not Saving Units.

The elapsed time before a ZTU expires has yet to be determined. Some simulations will need to be performed before this duration is chosen. It is also possible that expiration dates will be flexible to adapt with the health of the Zingwaldo system.

ZTUs need to keep circulating in order to benefit individuals.

ZTU Distance Depreciation

Note: This is a component that is currently under consideration. It may or may not end up being a Zingwaldo policy

Local currencies find advantages in that they are used locally. That local use has the effect of re-circulating the currency multiple times in the local community. The result is that the local economy gains in value since the currency can normally only be used within a geographic area.

To help achieve this same result, Zingwaldo may put Distance Depreciation factors into ZTUs. For instance, when a ZTU is used to trade between a Zingwaldo account holder and a Zingwaldo merchant that is less than 100 kms away, the ZTU will retain 100 percent of its value.

But, if the distance between the buyer and seller is between 101 kms and 500 kms, the ZTU will be reduced in value by 10%.

If the distance rises to between 501 and 1000 kms, the reduction in value would be 20%.

Reduction in value of a ZTU would increase to 30% for distances between 1001 and 5000 kms.

Reduction in value of a ZTU would increase to 40% for distances above 5001 kms.

This would encourage traders to trade with local merchants. This would help to keep the local ZTUs local. It would help to strengthen every local economy that uses ZTUs for trade.

Since the ZTUs have a location field built into their design, this should be relatively easy to implement. The farther away a ZTU gets from the location of the person where the ZTU originated, the lower in value it becomes.

Merchant ZTU expiration

ZTUs that are acquired by Merchants will have a much shorter expiration period than personal Zingwaldo account holders.

This is to ensure that Merchants either trade with other Merchants or distribute their ZTUs to their owners/shareholders instead of hoarding ZTUs.

Zingwaldo Fees

Zingwaldo cannot create ZTUs for itself. There is only one way ZTUs are created, and that's by adding 1 ZTU to a real person's Zingwaldo account for every 6 minutes they are alive.

Eventually, it is hoped that Zingwaldo will be able to fund most of its operations by earning ZTUs that come from delivering services to the Zingwaldo membership. In order to do that, a ZTU based set of fees are applied by Zingwaldo to use the system.

Zingwaldo will charge ZTU based fees to Merchants and Zingwaldo account holders for trades/transactions.

The price of this fee has yet to be determined, but is expected to be very low.

ZTU Growth

The rate at which ZTUs enter the ZTU supply is limited by the number of living Zingwaldo account holders and the ticking of the clock.

If there are 100 Zingwaldo accounts, there will be an additional 24,000 ZTUs created every day.

If there are 10,000,000 Zingwaldo accounts, there will be an additional 2,400,000,000 ZTUs created every day.

Can you get more than 1 ZTU every 6 minutes?


If someone wants to give you some of their ZTUs, there's nothing stopping them. You both simply use the Zingwaldo App to transfer their ZTUs from their account to your Zingwaldo account.

Of course, most Zingwaldo account holders will want something in exchange for their ZTUs, but that part of the transaction is between you and them.

When will this start?

As soon as possible.

The people at Zingwaldo need to make sure that the Zingwaldo Apps are secure.

We also need to be sure that the database that will track accounts and ZTUs will be bulletproof.

It might take 2 months, 6 months, 8 months or longer.

We'll keep you updated.

The Market

As soon as the Zingwaldo Personal App, Zingwaldo Merchant App and Zingwaldo databases are ready for public consumption, Zingwaldo will begin to create a Zingwaldo Market App.

Some of the features of the Market App could perform the following tasks:

-Search for ZTU accepting Merchants

-Search for ZTU accepting Merchants that are nearby

-Search for items available that can be traded with ZTUs

-Search for services that can be traded with ZTUs

-List your ZTU valued items

-List your ZTU valued services

The Co-op

The business structure of Zingwaldo will be a Co-op. Initially, Zingwaldo will operate outside the Co-op structure, but as soon as all the items necessary to become a Co-op are in place, the ownership structure of Zingwaldo will be transformed into a Co-op.

This means that everyone that wants to belong to the business part of Zingwaldo will have that opportunity to be come a Zingwaldo Co-op member.

The Co-op model is based on individuals owning only one (1) share and having one (1) vote. No one person can have more than one share or one vote.

Co-op shareholders vote on how the business will be conducted. Co-op shareholders will vote on how Zingwaldo will be operated. They will most likely do this by voting for the Board of Directors.

The Board of Directors will choose a management team. The management team will carry out the duties of Zingwaldo according to the Zingwaldo Co-op Charter.

The Zingwaldo Co-op Charter will be created to ensure that Zingwaldo operates within a well defined set of parameters. These parameters will ensure stability, fairness, openness, equality, and financial security for Zingwaldo and Zingwaldo's member/shareholders.

To learn more about Co-ops, visit the International Co-operatives Alliance.

Why a Co-op?

Transitioning into a Co-op will raise the trust level of Zingwaldo. If Zingwaldo was run as a private company, or a public corporation, the goals of the company would be to maximize profits for the shareholders. To do that, Zingwaldo would need to extract as much value as possible out of each Zingwaldo Account holder.

The Zingwaldo Account holder would become the target for value extraction. Zingwaldo would be selling access to Zingwaldo Account holders to those who would be willing to pay for that access.

Instead, as a Co-op, the agenda of Zingwaldo would be to serve its Zingwaldo Account holders as efficiently as possible, extracting just enough value to keep the Zingwaldo system up and running.

If Zingwaldo were to be run as a private company or public corporation, there would always be the chance that it would end up being sold to a bigger company. That might be a good thing, but more likely than not, it would just end up changing the way Zingwaldo works. Those changes would probably be only for the benefit of the new owners and to the detriment of the Zingwaldo Account holders.

Zingwaldo Account holders might not trust a private owner, or the shareholders of a public corporation to maintain the integrity of the system. The databases that will be filled with information might get sold to the highest bidder. The fees might change to satisfy a quarterly profit target. The surplus revenues might get funnelled into ridiculous executive compensation packages. Long term strategies might be put in peril to satisfy quarterly goals made to make executives look good so they can receive higher compensation.

Zingwaldo needs to be built as a trusted entity. A Co-op that is operated by rules set out in a strong, sensible Charter might have slower initial growth, but it will stand the best chance to be a long term, successful, trusted entity.

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