Does the LETS scheme still run on a token scheme – leaves for example for charging for or spending on skills wanted or offered? How does the scheme work these days?

No tokens involved (or ever used on Falmouth LETS) as LETS “currency” is a unit of measurement rather than a commodity in its own right. On Falmouth LETS the unit of account is the Palm. Up to now we have, like virtually all other LETS, used LETS cheques, but with the new system launched in December 2008 it is now possible for Falmouth LETS members to record transactions online – see http://falmouthlets.org.uk.


Category: LETS

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