What are Social Credits?

Social Credits are a virtual (read digital) value held in your Vault balance.

The value is appropriated and securitised on an Open Finance Treasury, whose ownership is mathematically vested into Planet Earth’s population, and commerce exchange events on the Open Constitution AI network.

Network’s ownership rights are registered through an Open Constitution license, by subscribing to an encrypted token on a public ledger.

The transaction trail of the Contributor License Contract acts as proof of I.P ownership of the Open Constitution Network Estate, by any voluntary contributor.

The Open Constitution I.P. Estate is an incremental contribution-based, fractional ownership property type.

Quantification of the Property Ownership rights is earmarked for the variable limit - Population Index (in simpler words, the quality of OC license tokens is tied to the Planet’s population.

Quantification of the Property Exclusion rights are earmarked for an incremental creation basis.
In simpler words, when Contributor n+1 joins community and claims ownership rights on the I.P Estate, it influences the Open Treasury standing of n Contributors, for all contributors to be able to exercise the Property Exclusion rights.
The rights are therefore governed by Open Governance Articles of Association of the Open Constitution.

The secondary financial instrument used for accounting and intra-community transactions is a Social Credit.