How do I sign up?
1. Go to alpha.valueinstrument.org
2. Enter your preferred name at the bottom of the page
3. Click or press “Join”
I lost my unique phrase.
1. Go to valueinstrument.org/contact
2. Write us a message including the name you chose when joining
What can I do with this Alpha Version?
In our current alpha tests, we have coded the conceptual idea of the Value Instrument into an “online banking app”, that works in any browser. In the cryptocurrency-world this is also known as a “web wallet”. We combined the wallet with a chat functionality, which allows you to “send” funds via chat, and we included a map for you to place a service, job or place on and find others as well, who accept Value.
The main functionality of these installs is, that you receive Value on a regular basis and that you can use this value as you wish and transfer it to other members in the community for any reason.
What do I get !?
You will receive an amount of Value per day, each payout has a validity, which we call the “lifetime”.
How does the chat work in this version?
This alpha resembles more of an online-banking app and marketplace, than a chat app.
Currently, the chat functionality is limited to sending messages to all members in the community channel. It is currently not possible to send private messages between members.
We are debating how far our chat functionality should go, given the available apps and software. It is possible to connect the Telegram App to our software, so you can “remote-control” your account.
How do I send value to others?
Use “send” at the start of your message to trigger a transaction.
Then start entering a recipient’s name and choose from the suggestions.
Finally enter the amount you wish to send.
Your message looks something like this now: “send Mary #2121 15”. This can now be sent and will trigger a transaction.
Include a Reference
You can specify e.g. “for guitar lessons” at the very end of the message to include a reference.
Other ways to send and advanced features
The shortest way to send Value is to enter “+15 Mary #2121”.
“+15 5 20 Mary #2121 Peter #2121” will add the numbers and send to both, resulting in 40 being send to Mary and Peter.
How do I find people to exchange Value with?
Check out the marketplace we integrated in form of a map. You can find things like jobs, skills and places. You can also find “pools” which resemble crowd funding campaigns.
It is possible to post an offer into the community channel of the alpha app too.
What is this purple circle?
The purple circle is a visualisation of the days your current amount of Value in your account is going to be valid. We call this the “lifetime”.
Since you always get new Value, in reality this can never go below a certain time frame.
If you rarely or never use your Value, your account will just swing back to a basic amount and timeframe and remain there indefinitely.
What does “Spendable” mean?
Because of the transaction fee, which protects the network from users doing ping-pong-transactions, the balance you have according to the ledger is different from the balance you are able to spend.
What you are able to spend depends on three factors:
1. Your stored ledger balance
2. The time passed since your account was last active
3. The amount you burned since being active last.
All of the above is considered in the moment you wish to make a transfer. Sound complicated, but it is not really.
The app calculates the “Spendable” amount automatically for you. It updates with every login and periodically whilst being logged in.
This is a virtual calculation and it does NOT write anything into the ledger, essentially asking “what would happen to the ledger balance, if something was transferred right now”.
We have integrated a nice overview over all transactions you received and made, just like a bank account.
You find it by clicking on the purple circle and the number shown within.
We integrated a marketplace that is easy to use. You can place your offer using the plus-button and you can find others by browsing the map or filtering the list.