The local currency for Zurich
What exactly is Leu ?
"We at Encointer have launched the Leu as a new, digital local currency for the city of Zurich. You can pay with Leu for local products, second-hand goods and services at selected locations, send Leu to your friends and have them send it to you."
There are basically many things that the leu now covers, but there are only two things that you really need to know.
How to get Leu
You can buy leu from someone or work for it just like other money. But there is another way: the leu is designed as a community income that you receive regularly if you are part of the leu community.
Points of acceptance
Acceptance points are places where you can spend the leu. There are now more than 20 points of acceptance in Zurich where you can use all or part of the leu as a means of payment - and currently 1-3 new ones are being added every month.
44 Leu every ten days
Unconditional communal income
With the Leu, we are pursuing the goal of strengthening the local economy in Zurich and launching an equal-opportunity money system. It is equal opportunity because all community members regularly receive the same amount of Leu, regardless of how much Swiss francs they have. So your socio-economic status doesn't matter with the Leu, because everyone is equal and deserves to have the same opportunities.
This community income is drawn at so-called gatherings or cycles. There, the community meets at a place that is allocated by app to receive 44 leu (equivalent to 44 CHF) every 10 days.
How to get started with the app
Next, choose your user name. You can change it later in the app settings at any time.
Select a PIN that you need for transactions and adding new accounts.
Remember that you cannot recover the PIN until you have made a backup copy. So remember it or write it down and keep it safe.
Choose a community currency on the map. You can change it later. In your case, this currency will be Leu.
That's it, the setup is complete! Now your home screen opens, showing your account balance and the date of the next meeting.
Your default balance is zero. To register for the first ceremony, you need to request some money from a person of the community.
To make a request, click on the profile icon at the bottom right of the app screen. Once you are in your profile, select your account icon at the top of the screen.
Our app, as well as our community, has some basic features that are important to understand if you want to be part of the assemblies.
From 5 September, we will be launching the Leu-Feierabend format, to which we would like to invite you from 6pm at the L200. The event is open to all, regardless of whether you have been a Leu community member for a long time, are new to it or are not yet part of the community.
Beer and/or other drinks can be bought with Leu. Furthermore, we want you to take something away from the evenings and the exchange of knowledge in the community to grow a bit. We are therefore planning to have a short talk by a community member each time.
Reputation & Endorsement
Leu contains one or two technical keywords. On the one hand, Leu users have a reputation that indicates how well the system already knows the account. On the other hand, in connection with the reputation, there is the possibility to endorse fellow human beings, so that people who are new to the project are recognised by the system and can participate in a secure way. It is like a small Leu dictionary of its own, more detailed information can be found on the page dedicated to this topic.
FAQ (Frequently Asked Questions)
If you are looking for a well-organised and clear explanation of the most important questions about Leu, you will certainly find an answer in our FAQ. However, if you still have questions, please use the contact form here.
Cycles and gatherings
You want to trade with Leu too?
We bring the leu to you
Our acceptance points team is always open for you and your questions if you and your company also want to trade with Leu.