The Special Features and Design of the 1,000 JobCoin™ Note

Posted by Lee Lorenzen on

The 1,000 JobCoin Note

The 1,000 JobCoin Note is the world's first Influence Token.

It was created to help organizers/supporters/advertisers achieve community-, cause- and commerce-related goals by providing rewards for a global network of individuals who have volunteered to review and respond to JobCoin-denominated offers.

In addition, the 1,000 JobCoin Notes themselves can be collected as part of an online game providing rewards to those who complete collections (aka "Stacks") of Notes with JobCoin-approved portraits honoring individuals in different domains.

The Special Features of the 1,000 JobCoin Note

It has been designed in a manner suitable for printing or sharing electronically with the “front” of each bill having the following form (i.e., with this example being one that was originally purchased/earned/owned by Lee Lorenzen, who personalized it with his portrait and then transferred it to Jennifer Olson who became the current owner):

Lee Lorenzen

As you can see, the printed rendering of the 1,000 JobCoin Note above looks somewhat like real currency with the following exceptions (which are important to both the operation of JobCoins and to ensuring that any printed versions of the bills are not confused with actual US currency):

  1. Top Banner – this is a JobCoin Investor Note (vs. Federal Reserve Note)
  2. Left Seal – this shows “The WorldShop LLC Bank of Monterey” seal with the letter A (vs. the Seal of the "Federal Reserve Bank of Atlanta, Georgia" with the letter F)
  3. Right Seal – this shows “My ShopO Circle” in Latin in a RED ink and surrounding the JobCoin Logo in RED and GREEN ink.  The seal being in RED indicates that the Serial # of the bill is one of the first 1,000,000 in the A series
  4. Left Signature – this shows “Lee Jay Lorenzen” as WorldShop’s President, CEO
  5. Right Signature – this shows “Jennifer Olson” as WorldShop’s CFO
  6. Bottom Banner – this shows “WorldShop” as the entity that will pay 1,000 JobCoins (vs. the USA paying $1,000 USD)
  7. Left and Right Series of 2017 – under each of these is the country flag of the Original Owner rendered in color ink.
  8. Sponsor Logo – this shows “ShopO Circles” as the app sponsoring the issuance of this 1,000 JobCoin Note with the logo rendered in black ink. The right to sponsor a series of serial numbers is an advertising opportunity available for companies that purchase at least 1,000,000 JobCoins (i.e., currently $10,000 USD as of June 1, 2017)
  9. Bottom Left Serial Number Area – underneath this number is the date on which this 1,000 JobCoin Note was issued from the “JobCoin Mint” with the name showing the “Original Owner” of the Note. This is remembered for the life of the bill and in certain cases the Original Owner will receive an “early adopter” bonus payment when/if WorldShop reaches a certain valuation and liquidity level.
  10. Top Right Serial Number Area – underneath this number is the date on which this 1,000 JobCoin Note was last transferred from a prior owner to the “Current Owner” whose name is shown next to the date. Each Current Owner of a bill is remembered for the life of the bill and in certain cases the most recent Current Owner will receive an “current supporter” bonus payment when/if WorldShop reaches a certain valuation and liquidity level.
  11. Bill Portrait Image – this portion of the bill can contain any WorldShop LLC, ShopO LLC or JobCoin LLC approved image which will typically be printed in full-color as a way of distinguishing the look of the bill and of honoring the individual shown in the picture.  No illicit images of any kind will be approved and providing them will result in a forfeiture of the Note's serial number
  12. Bill Portrait Label – this is either a short or long name banner that will typically show the last name of the person pictured, although it is also appropriate to show the first name when privacy is an issue (e.g., Kiva borrowers, children, etc.) 
  13. Bill Usage Statement – this shows WorldShop’s mantra that:

                            Everyone on the planet is worth
                          investing in because 
    investments in
                          people pay everlasting dividends.

                              Who will you invest in today?

  14. Bill Denomination – this shows 1,000 JobCoins vs. 1,000 Dollars which avoids confusion because 1,000 Dollar Bills haven’t been in circulation since 1928.
  15. Bill Size – the default printed size of the bills (8" x 3.5") is larger than traditional US currency (6" x 2.5") to avoid any possibility of confusion with actual US currency (see the "Is this legal?" section below)

The First Seven Collection Stacks of 1,000 JobCoin Notes

In addition to the 1,000 JobCoin Notes created for individuals, there are also JobCoin Notes that are part of Collection Stacks.  The current Stacks are as follows:

  1. ShopO Leaders – this collection honors the first 1,000 employees, investors, consultants, supporters, Circle Leaders, Zone Trustees, City Managers, Country Managers and others who contributed to the launch and sustained success of ShopO
  2. Kiva.org Borrowers – this collection honors at least one Kiva.org entrepreneur from each of the 90+ countries in which Kiva operates who borrowed money in support of her/his business and also some of the key employees, investors, consultants and supporters who contributed to the launch and sustained success of Kiva.
  3. Worldreader Authors – this collection honors some of the most popular authors of the 47,000+ books available in Worldreader's Personal Library app that are available in 37+ languages and also some of the key employees, investors, consultants and supporters who contributed to the launch and sustained success of Worldreader.
  4. The Giving Pledgers – this collection honors 169+ of the world's wealthiest individuals and families who have made the written commitment at www.TheGivingPledge.org  to dedicate the majority of their wealth to giving back to the world that has rewarded their lives' efforts so handsomely
  5. Twitter Celebrities – this collection honors the 100+ most popular Twitter celebrities based on numbers of followers
  6. US Presidents – this collection honors America's 45 Presidents
  7. World Leaders – this collection honors the 234+ world leaders on a country-by-country basis who are designated by Wikipedia as the current leader of their country with their portrait/name updating automatically whenever a new leader is recognized 

For example, Stack Collection #5 will contain up to 1,000 unique 1,000 JobCoin Notes (available for collection at different levels of scarcity) that honor many of the top Twitter Celebrities.  

Here is the the Oprah Winfrey 1,000 JobCoin Note from the Twitter Celebrities Collection:

As you can see, in the hi-res rendering of the 1,000 JobCoin Note above for a collectible version of a note there are a few additional features:

  1. Stack # – in the upper left hand corner of the note underneath and slightly below and to the left of the "1" is a letter "S" followed by either nothing if this is not a collectible note or by the number of the collection in which it is a part.  In this case, the value is S5 which stands for Stack #5: Twitter Celebrities Collection
  2. Note # – in the lower right hand corner of the note underneath and slightly above and to the right of the "1" is a letter "N" followed by either nothing if this is not a collectible note or by the number of the note in the standard ordering of collectible Notes in the Stack.  In this case, the value is N001 which  stands for the #001 note (or card).  

For each unique collectible Stack the N000 note contains a special portrait image that honors the entire collectible stack.  Here is what this looks like for the Twitter Celebrities collectible note (i.e., S5-N001):

Twitter

While the initial collectible stacks will be created by JobCoin, the plan is that we will ultimately have a procedure where collectible stacks can be created by the individuals and if approved by the JobCoin community added to the approved set of Stack Collections.

All of the special features and design elements described above of the 1,000 JobCoin Note including those that distinguish it from a US Currency Note are © 2017 WorldShop LLC and/or © 2017 JobCoin LLC and are the proprietary intellectual property of their respective companies.

What do JobCoins represent?

JobCoins are tokens intended for use as part of the ShopO Suite of Apps which run on ShopO's Influence Operating System – a new Blockchain-based platform linking purpose-driven people together into a Decentralized Autonomous Organization (DAO) for the purpose of achieving community-, cause- and commerce-related goals. In addition to being used as rewards for individuals who respond to offers, the JobCoin Notes themselves can be collected as part of an online game providing rewards to those who complete collections of JobCoin-approved Stacks of Notes.

Ownership of a JobCoin carries no rights other than the right to use that JobCoin as a means to obtain services on the ShopO platform, and to enable usage of and interaction with the ShopO platform and the ShopO Apps that are developed by WorldShop LLC, ShopO LLC, JobCoin LLC and/or 3rd parties. JobCoin do not represent or confer any ownership right or stake, share or security or equivalent rights, or any right to receive future revenue shares, intellectual property rights or any other form of participation in or relating to the ShopO platform, and/or WorldShop LLC, ShopO LLC, JobCoin LLC and its affiliates.  JobCoin are not refundable and are not intended to be a digital currency, security, commodity or any other kind of financial instrument.

Additional information regarding the utility of JobCoin on the ShopO platform will be available in our token sale terms and conditions (pending).

Is this legal?

Counterfeiting US Currency is illegal and therefore some people have asked if it is legal for JobCoin to create a 1,000 JobCoin Note that is formatted in a manner that resembles US Currency from previous eras (e.g., the Series1928 Grover Cleveland 1,000 US Dollar Note). The answer is: Yes, it is legal because the novelty 1,000 JobCoin bill that you see above has been specifically designed to avoid any possibility of confusion with someone who receives either an electronic or paper version of the note. If you take the time to print out the 1,000 JobCoin Note and compare it to print-out of the 100 Dollar Bill, you will see that they are quite distinct from one another.

The following article contains an excellent description of why these JobCoin notes are legal for us to create and you to own and aren't in violation of any US laws or Secret Service regulations.

https://graphicdesign.stackexchange.com/questions/39109/how-can-i-legally-design-something-which-looks-like-us-currency-notes

While fairly detailed, the summary of this post is that these notes are legal because they are not printed on both sides, are not the same color or denomination as US currency, are of substantially different size when printed at their natural resolution and are therefore unlikely to confuse anyone that they are receiving actual US currency.

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This post is © 2017 WorldShop LLC, © 2017 ShopO LLC and/or © 2017 JobCoin LLC. All Rights Reserved.


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