Money with a shelf life.
Spend it, or it flows back to the town.
Wörgl is a token on NEAR. Its coins lose 1% on a fixed schedule, and what melts goes into a pot the community spends again.
Free. Runs on NEAR testnet. No wallet needed to try the simulation.
A sample note that started at 100 coins when you opened the page. Drag it sideways, or use the controls, to jump ahead.
In the town pot
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In people's hands
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Can be paid out today
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Two speeds
The demo is fast so you can watch it happen. A real DAO would use the slow setting. A month here means 30 days.
This demo
1% every hour
100 coins become 78.57 after a day, and 18.48 after a week.
Real setting
1% every month
100 coins become 99.00 after a month, and 88.49 after 365 days.
How it works
- The town pot pays people. A governor, usually a DAO, approves the payouts.
- People spend and trade. Holding costs a little, so coins are made to be used.
- Everything melts back. Each balance loses 1% on a schedule, and the loss returns to the pot.
The governor decides who gets paid. The contract decides how much can be paid.
What it is for
Coins that expire suit money that is meant to be used. Both examples use the real setting, 1% a month.
Grants that come back if unspent
A fund sends a team 5,000 coins. If they sit untouched for three months, 4,851.50 are left and 148.50 are back in the pot for the next grant.
Community and event credits
Hand out 20 credits for a street festival. A month later 19.80 are left, and after six months 18.83, so they are worth using soon.
Check it yourself
Everything on this page is read from the contract on NEAR. Your browser recomputes the key numbers with its own copy of the maths.
- …Reading the contract
Contract worgl-token.testnet, governed by devworgl-dao.sputnikv2.testnet. The code is on GitHub.
Try it in 60 seconds
Claim some test coins, send a few to a friend, and watch the pot grow. No wallet needed.