The Alternative Exchange Network Free Economy is a community that has been created by the Athens-based, non-profit organisation “Alternative Network”, which was established in March 2012. Greece is a country which has very skilled human capital, although the illequidity in the marketplace has prompted the creation of non-monetary, community-based sytems such as the Alternative Exchange Network Free Economy. Through this network and the free-economy.gr Web site, individuals and businesses are given the opportunity to exchange goods and services with each other and, at the same time, collectively and actively get involved in their communities through voluntary, grassroots, solidarity initiatives.
If you are know Greek, please watch the following video:
Probably the basic difference between the two is that the Euro (like every conventional currency) bases its reliability on the peoples’ trust in the financial system, while the reliability of the “Enallaktika” is based on the trust in the network and the people that make it.
You can also use a keyword for searching in the search field found at the top right corner of each page in the website. This field makes a search through the contents of all listed advertisements.
For your own safety there is a second step: As soon as a transaction is entered in the form, a confirmation e-mail message is sent to the E-mail address of the paying member. The member will have to click on a link contained in this e-mail message in order to confirm approval of the transaction. When this is done, the “Enallaktika” are transferred from one account to the other and both users are informed by e-mail that the transaction has been completed.
If you are familiar to Greek, please watch the following video:
Regarding payments: For users simply registered with the website who pay in Euros, payments are made through PayPal (which accepts credit cards too). Transactions in “Enallaktika” between the network members are performed after confirmation at their e-mail address.
So, even if someone could guess the password you use for logging-in in the website, he/she would also have to access your e-mail address to complete the transaction. (For obvious reasons, you should choose passwords which are hard to be guessed by thirds).
1) daily backups of the whole website are saved in two independent servers, and
2) two additional backup copies of each transaction are kept after every transaction (also in two independent servers).
Add to this, that an annual audit of transactions is performed by a three-member committee elected by the full members. This committee can access the necessary information about all transactions in order to check accounts for eventual irregularities. Also, every network member can at any time request a non-scheduled audit. The audits’ findings are uploaded in the website. Please see Article Z7 of the Network’s Rules of Procedure.
The main differences between them are:
Assistant members: They are not entitled to a credit account, which means that they cannot receive more than what they have already offered to the community. At the moment of registration their account is credited with 100 “Enallaktika”, which they can use to receive services or products by any network member of their choice. Since they are not entitled to a credit, assistant members must have offered these 100 “Enallaktika” to the community in some way or another. This is done through their registration fee, which (in the case of assistant members) costs 100 €. This amount is used for the operating cost of the network. The reason why the registration fee for assistant members is not lower, e.g. EUR 20 (which means a credit of 20 “Enallaktika” in their account), is that this could result in an en masse registration of assistant members which would then lower the average liquidity in the network to 30-40 “Enallaktika” and finally hinder transactions.
Probation members and Full members: They are entitled to a credit account. Registration for probation members and full members costs EUR 20 and brings a credit of 20 “Enallaktika” to their account. They also receive a credit limit of 250 “Enallaktika”, which means that upon registration they can ask for services worth a total of 20+250=270 “Enallaktika” and of course they are bound to offer their services when asked. Additionally, the more active they become by offering their services, the higher the credit limit they are given (which can climb to 2000 “Enallaktika”).
In order to become a probation member or a full member, you need to get two full members as guarantors, according to the graphic.
Full members: They enjoy additional benefits like acting as guarantors for new members, voting for change of rules etc.
For more details, consult the Network’s Rules of Procedure.
• What happens if a member asks for services, receives credit (i.e. owes the network community) and then fails to offer services or products in return for his/her received services?
If the member refuses to repay this amount, he/she is expelled from the network for ever and each half of the amount owed is transferred to the account of each of the two members who acted as guarantors for his/her registration. (See more in Articles D and E of the network’s Rules of Procedure).
Please note that the network has yet one more safety valve: You can contact us to lodge a complaint against this event. If five full members conclude that a member is unreliable, they can request the member’s definitive expulsion from the network, according to Article E2 of the Network’s Rules of Procedure.
• The service I offer is in great demand but I can’t find many services or products that I need in the network. What is the point of having a high available reserve in my account if I can’t spend it?
A) Don’t provide more services through the network than you can spend.
B) Persuade other people to become members. The greater the number of network members, the higher the chances to find services you need.
• I live in an area of Greece where there are no network members yet. Is there any point in registering?
Another suggestion is to propose the organization of a local ‘nucleus’ of members to your friends, who can join the network and make transactions through it. In that case, you can contact Mr. Dimitris Mouroulis on +30 210 671 1510 or +30 697 320 5032 to assist you in this organisation.
For information, please contact us:
+30 210 671 1510 and +30 697 320 5032 (Mr. Dimitris Mouroulis)
+30 210 721 3015 and +30 694 255 9399 (Ms Charalambia Boleti)
Registered office: 7, Platonos Street, Neo Psychiko, GR-154 51 Athens, Greece.