Thelo is the native currency of eDemocracy DAO.

Thelo means "intention" or "will" in ancient Greek. This is the primary currency of our token economy, and is used to fund the technology and labour necessary for group decisions.

eDemocracy Network Society, a registered nonprofit society, controls holding and minting of Thelos. It will set the official exchange rate of Thelo to other currencies and undertake exchanges with other organizations. It may also operate a liquidity pool of Thelo.

There will be 1 billion Thelos authorized for issuance at the time of eDemocracy DAO launch.

Partners can acquire Thelos in the following ways:

1. Token swap with eDemocracy Network (likely to be used by Partner DAOs)
2. Purchase for fiat directly from eDemocracy Network
3. Purchase in secondary market liquidity pools (medium to longer term)

eDemocracy DAO may also issue Thelos to reward Members for making other contributions to eDemocracy DAO, such as participating in Guilds, etc.

Members can use Thelos to tip each other and to fund eDemocracy grant proposals.

Holding Thelo is also necessary to access certain forums inside eDemocracy DAO.

·It is expected that Citizens may set up liquidity pools for Thelos on decentralized exchanges and that Thelos may become listed on centralized exchanges. Neither the management team of Ethelo nor the Board of eDemocracy DAO will actively encourage or facilitate such listings.

At the time of DAO launch, 4% of Thelos will be issued to Ethelo

Payment in Thelo Required

To use the eDemocracy Platform, it is necessary to make a deposit of Thelo (Decision Stake). The amount of Thelo that are required for a Decision Stake depends on the tools needed to complete the decision-making process (e.g. the Decision Contract used and related services which may be required).

Clients can acquire Thelo in the following ways:

1. Token swap with eDemocracy Network Society (likely to be used by Partner DAOs)
2. Purchase for fiat directly from the Society