The three central concepts

The economy of Alerta rests on three articulated concepts that should be read together:

• The seed (Article VIII) is the accounting record of verified participation. It has a local redemption floor and lacks a secondary market.
• The Waqf Corpus (Article II) is the inalienable reserve that backs the redemption floor. Its composition is published quarterly.
• Demurrage (Article IX) is the decay rate applied to the seed at rest. It discourages hoarding and maintains circulation.

The articulation of the three concepts produces a self-sustaining circuit. The seed enters circulation when a Vigía receives it through a validated observation. It circulates when the Vigía redeems it at an Aliado. The Aliado receives transfer in fiat currency charged to the redemption reserve. The seed returns to the cycle through future emissions. Demurrage erodes the resting balances, returning that value to the corpus.

The redemption floor

The redemption floor guarantees that a seed preserves real value at the moment of its redemption by an Aliado. The guarantee is backed by the redemption reserve of the Waqf Corpus and is adjusted quarterly in accordance with the treasury protocol. Aliados receive the transfer in fiat currency within the committed timeframe (between 5 and 15 business days depending on the volume and seniority of the Aliado).

The emission of seeds

The emission of seeds responds to one of the following operational conditions:

• A Vigía documents an observation that passes the validation process.
• A Vigía completes a module of their training path.
• A Vigía participates in a counter-observation review process.
• An Experto validates a sequence of complex observations.
• A new Aliado completes their onboarding process.

The exact amounts, the thresholds and the applicable modifiers are detailed in the treasury technical annex.