Challenge: How to involve residents in a community savings supporting social initiatives?

CoTown BV – CoTown Kasmoni Community Exchange: Empowering Amsterdam’s Shared Prosperity

The CoTown Kasmoni Community Exchange App, is an initiative aimed at empowering Amsterdam’s neighbourhoods through shared prosperity and community investment. In collaboration with CoTown, this innovative platform revolutionizes local economies by integrating CoTown’s digital currency system, enabling users to create a local fund. Residents and entrepreneurs will be able to exchange euros for Kasmoni or earn Kasmoni by engaging in neighbourhood work. Kasmoni, earned or exchanged, fuels local payments and investments between entrepreneurs, driving economic growth and shared ownership. By fostering shared ownership, supporting community initiatives, and promoting economic growth, the app seeks to reduce inequalities and shape a more inclusive, prosperous future for Amsterdam.