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en:local_nodes:point_of_exchange_poe_guide:start [2018/08/04 11:49]
biopablo_cloud.fair.coop
en:local_nodes:point_of_exchange_poe_guide:start [2018/08/26 20:58] (current)
sporros_cloud.fair.coop
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 +[(Transferred from https://​board.net/​p/​PoE_Guide)](https://​board.net/​p/​PoE_Guide)
 #Point of Exchange (PoE) Guide #Point of Exchange (PoE) Guide
  
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 Furthermore,​ every LN (usually in collaboration with other LNs that are using the same fiat currency) should initially set a **commonly agreed rate** to exchange between FAIR and local fiat. That agreement should be explicitly discussed and verified in a global [Local Nodes Assembly](https://​board.net/​p/​FCLocalNodesAssemblies) before going into the next steps as described below. Furthermore,​ every LN (usually in collaboration with other LNs that are using the same fiat currency) should initially set a **commonly agreed rate** to exchange between FAIR and local fiat. That agreement should be explicitly discussed and verified in a global [Local Nodes Assembly](https://​board.net/​p/​FCLocalNodesAssemblies) before going into the next steps as described below.
 +
 +If you have any doubts or need some extra help you can ask at the [PoE chat group](https://​t.me/​joinchat/​D6STRA3tH6mrbrvAddB7Dg) or write to **admin@getfaircoin.net**.
  
 ##Setting up a PoE ##Setting up a PoE
-###E-mail +###Email 
-The first thing the PoE needs is an e-mail ​account under the domain @getfaircoin.net which will be used for contacting FairCoop or the users. Apply for one by providing the desired username (usually that of the LN) to sysadmin@fair.coop or in the [PoE chat group](https://​t.me/​joinchat/​D6STRA3tH6mrbrvAddB7Dg). If there is only one PoE operating under a specific LN you may use the LN'​s ​e-mail account as well (under the domain ​ @fair.coop).+The first thing the PoE needs is an email account under the domain @getfaircoin.net which will be used for contacting FairCoop or the users. Apply for one by providing the desired username (usually that of the LN) to sysadmin@fair.coop or in the [PoE chat group](https://​t.me/​joinchat/​D6STRA3tH6mrbrvAddB7Dg). If there is only one PoE operating under a specific LN you may use the LN'​s ​email address ​(under the domain ​ @fair.coop).
  
-That e-mail ​then should be used in the rest of the procedure below, to set-up the PoE's account in OCP and GetFaircoin platform.+That email then should be used in the rest of the procedure below, to set-up the PoE's account in OCP and GetFaircoin platform.
  
 ###Wallet ###Wallet
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   * Create a [FairPay](http://​fairpay.fair.coop/​) account and [wallet](https://​wallet.bankofthecommons.coop/​login/​fairpay).   * Create a [FairPay](http://​fairpay.fair.coop/​) account and [wallet](https://​wallet.bankofthecommons.coop/​login/​fairpay).
  
-###GetFaircoin +###getFaircoin 
-The next step is to register the local PoE at GetFaircoin platform by providing the necessary details to the administrators at admin@getfaircoin.net or contact directly @Michalis_K ​in Telegram chat app.+The next step is to register the local PoE at GetFaircoin platform by providing the necessary details to the administrators at admin@getfaircoin.net or contact directly @Michalis_K ​on Telegram chat app.
   * Location address   * Location address
   * Opening hours   * Opening hours
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 Last step is to register in [useFairCoin](https://​use.fair-coin.org/​) directory where all places that accept FairCoin are listed. This way people may easily find a place to exchange their FairCoin in cash. If you use or manage such NFC cards you may also add your PoE in the FairPay category. Last step is to register in [useFairCoin](https://​use.fair-coin.org/​) directory where all places that accept FairCoin are listed. This way people may easily find a place to exchange their FairCoin in cash. If you use or manage such NFC cards you may also add your PoE in the FairPay category.
  
-##​Exchanging ​Faircoins +##​Exchanging ​FairCoin 
-The FairCoins ​and fiat money (cash) that are in the PoE **belong to our common FairCoop funds**, so we should take care of them in the best interest of the entire ecosystem, meaning we should follow the common arrangements ​and decisions ​agreed in FairCoop assemblies. The limits for buying fiat (cash-out) are described for each case [here](https://​board.net/p/​changetoeuroscriterias).+The FAIR and fiat money (cash) that are in the PoE **belong to our common FairCoop funds**, so we should take care of them in the best interest of the entire ecosystem, meaning we should follow the common arrangements agreed in FairCoop assemblies. The **limits** for buying fiat (cash-out) are described for each case [here](https://​wiki.fair.coop/en:​change_to_euro_criterias:​start).
  
-Additionally,​ in order to keep things organised and transparent to all members, ​we should be logging each exchange ​transaction ​on this [PoE's ethercalc](https://​ethercalc.org/​localnodesPOE),​ updating it with the necessary information and balance after each transaction.+In order to keep things organised and transparent to all members, ​please log exchange ​transactions ​on this [PoE's ethercalc](https://​ethercalc.org/​localnodesPOE),​ updating it with the necessary information and balance after each transaction.
  
 Although the **LN has autonomy** to decide about the amounts exchanged, there should be a way to determine and **evaluate the type and needs** of each user. There are two types of users: Although the **LN has autonomy** to decide about the amounts exchanged, there should be a way to determine and **evaluate the type and needs** of each user. There are two types of users:
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 ###Cash-in: buying fiat cash ###Cash-in: buying fiat cash
-  1.Go through [GetFaircoin platform](https://​getfaircoin.net/​) and choose the option 'Cash at Local Nodes'​. +  1. Go through [GetFaircoin platform](https://​getfaircoin.net/​) and choose the option 'Cash at Local Nodes'​. 
-  2.Provide some necessary information of the user, like name, e-mail, etc. What is most important is a user's valid FAIR address where the coins will be sent. +  2. Provide some necessary information of the user, like name, e-mail, etc. What is most important is a user's valid FAIR address where the coins will be sent. 
-  3.As soon as you get the cash from the user, you may then send the equivalent amount in FAIR from the PoE's wallet. +  3. As soon as you get the cash from the user, you may then send the equivalent amount in FAIR from the PoE's wallet. 
-  4.You may send an extra 1% of the total amount exchanged in FAIR to the Local Node's account. This part is optional and rests on the decision of each LN. +  4. You may send an extra 1% of the total amount exchanged in FAIR to the Local Node's account. This part is optional and rests on the decision of each LN. 
-  5.Update the balance (either ​in Faircoins ​or fiat) of the PoE's accounts in the [ethercalc](https://​ethercalc.org/​localnodesPOE) so that is visible ​and transparent ​to all FairCoop participants.+  5. Update the balance (in FAIR or fiat) of the PoE's accounts in the [ethercalc](https://​ethercalc.org/​localnodesPOE) so that is visible to all FairCoop participants.
  
 ''​Some of these steps may be already done by the user beforehand on line. In such case you should receive a notification to the PoE's e-mail inbox.''​ ''​Some of these steps may be already done by the user beforehand on line. In such case you should receive a notification to the PoE's e-mail inbox.''​
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 ####​FairSaving option ####​FairSaving option
 If the user asks for a 'cold storage'​ (FairSaving account) for their FAIR, the PoE should complete these additional steps: If the user asks for a 'cold storage'​ (FairSaving account) for their FAIR, the PoE should complete these additional steps:
-  6.Inform admin@getfaircoin.net about the need and request a FairSaving account. +  6. Inform admin@getfaircoin.net about the need and request a FairSaving account. 
-  7.As soon as the account is created it will be sent to the PoE, so then the amount of FairCoin purchased by the user should be transfered there. +  7. As soon as the account is created it will be sent to the PoE, so then the amount of FairCoin purchased by the user should be transfered there. 
-  8.The PoE then informs the user, providing the FairSaving account'​s address and a link to the blockchain (https://​chain.fair.to/​ ) that confirms the transfer. +  8. The PoE then informs the user, providing the FairSaving account'​s address and a link to the blockchain (https://​chain.fair.to/​) that confirms the transfer. 
-  9.Update the balance (either ​in Faircoins ​or fiat) of the PoE's accounts in the ethercalchttps://​ethercalc.org/​localnodesPOE so that is visible ​and transparent ​to all FairCoop participants.+  9. Update the balance (in FAIR or fiat) of the PoE's accounts in the [ethercalc](https://​ethercalc.org/​localnodesPOEso that is visible to all FairCoop participants.
  
 ###​Cash-out:​ selling fiat cash ###​Cash-out:​ selling fiat cash
-Some more detailed criteria and cash-out limits are explained [here](https://​board.net/p/changetoeuroscriterias).+Some more detailed criteria and cash-out limits are explained [here](https://​wiki.fair.coop/en:​change_to_euro_criterias:​start).
  
 ''​We are working on a new form to register cash-out exchanges through GetFaircoin. Meanwhile you may report any need to the LNs group.''​ ''​We are working on a new form to register cash-out exchanges through GetFaircoin. Meanwhile you may report any need to the LNs group.''​
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 Merchants who are registered on UseFaircoin or FairMarket are entitled to cash-out additional monthly amounts than ordinary users. They may exchange the total amount received for trading, BUT up to the amount in euros valued at the day of the transaction. Merchants who are registered on UseFaircoin or FairMarket are entitled to cash-out additional monthly amounts than ordinary users. They may exchange the total amount received for trading, BUT up to the amount in euros valued at the day of the transaction.
  
-**Example**:​ A merchant sells goods for a value of €1000 when Faircoin assembly price was €0.05, thus receiving 20K FAIR, and later requires to cash-out that amount when Faircoin price is €0.90. In that case FairCoop´s commitment is to exchange up to the amount of €1000 as that was the original fiat value of the goods traded. So the merchant should give 1,111.11 FAIR to the PoE, plus 2% as a cash-out fee.+**Example**:​ A merchant sells goods for a value of €1000 when Faircoin assembly price was €0.05, thus receiving 20K FAIR, and later requires to cash-out that amount when Faircoin price is €0.90. In that case FairCoop´s commitment is to exchange up to the amount of €1000 as that was the original fiat value of the goods traded. So the merchant should give 1,111.11 FAIR to the PoE, plus 1% as a cash-out fee.
  
 More info [here](http://​api.fairplayground.info/​rawdata/​faircoin_prices.csv). More info [here](http://​api.fairplayground.info/​rawdata/​faircoin_prices.csv).
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   5. PoE informs BotC that operation has been done.   5. PoE informs BotC that operation has been done.
   6. Update the balance (fiat) of the PoE's account in the ethercalc: https://​ethercalc.org/​localnodesPOE so that is visible and transparent to all FairCoop participants.   6. Update the balance (fiat) of the PoE's account in the ethercalc: https://​ethercalc.org/​localnodesPOE so that is visible and transparent to all FairCoop participants.
- 
-If you have any doubts or need some extra help  you can always ask at the [PoE chat group](https://​t.me/​joinchat/​D6STRA3tH6mrbrvAddB7Dg ) or write to admin@getfaircoin.net. 
-