FAQ on the new system

What currencies do you support?

Right now we can accept funds from US bank accounts, Bitcoin and Ether. Bitcoin and Ether are not restricted by jurisdictions, meaning that anyone with these can pay us from anywhere.

How do I get Robyns, the Coop assets?

Log in to your account, and visit the order page by clicking Buy More Robyns. Choose what currency, choose one of the prepopulated offers, or type in how many Robyns you want to buy. Click place order and follow the payment instructions.

How do I buy BTC (bitcoin)?

From any of the existing Bitcoin exchanges. A list here. 

How do I buy ETH (ether)?

From any of the existing ETH exchanges. A list here. 

How do I transfer USD?

Through an AHC bank transfer.

What is SUSD?

SUSD stands for Stable United States Dollar. It is a cryptocurrency that works in our system as a unit of account: one SUSD corresponds to one USD. Your wallet does not hold US dollars, but SUSD.

Is there a minimum amount of Robyns I have to get?

No. But there is a statutory minimum contribution when becoming a member, amounting to 30 euros.

Is there a maximum amount of Robyns I can get?


How do I access my assets, Robyns, etc?

Log in to your account at http://members.robinhoodcoop.org and you will see your assets it in your wallet. If you have any problems to log in, please contact support@robinhoodcoop.org ATTENTION: we are still in a Beta phase of RobinHood 2.0 and being quite experimental.

What is a “wallet”?

A wallet stores the information necessary to transact cryptotokens (in our case Robyns) and cryptocurrencies (in our case, ETH). While wallets are often described as a place to hold or store cryptotokens, due to the nature of the system, tokens are inseparable from the blockchain transaction ledger. A better way to describe a wallet is something that “stores the digital credentials for your token holdings” and allows you to access them.
The Ethereum blockchain uses public-key cryptography, in which two cryptographic keys, one public and one private, are generated. At its most basic, a wallet is a collection of these keys.
As a member of Robin Hood Coop, you get a member wallet, accessible through http://members.robinhoodcoop.org The keys to the wallet can be (re)generated with the list of the 12 words you get when registering. Keep them safe!

How can I trade my Robyns?

Access your member page and on your dashboard on the bar the left side of your wallet you will find the MarketPlace.

How do I sell my Robyns?

To be added…

What is a blockchain?

A blockchain is a distributed open ledger, basically a database that can be utilised and seen by many users without a centralizing server source of control. It is a cryptographic system in which all transaction and interactions stay registered in blocks, among many computers everywhere, which function as a distributed server. Each block of information gets compiled, another block is created every certain period of time, including the information of the previous one, which can always be unfolded. That is why the database is called blockchain, because it is a chain of blocks of information, that are always open and accessible. This way, the blockchain, besides of guaranteeing security, also grants the highest level of transparency.

It has many other neat features, too. [LINK https://en.wikipedia.org/wiki/Blockchain_(database)] The technology was developed for the Bitcoin cryptocurrency, and has since seen rapid development for a great many purposes. As this technology matures, more complex forms of interaction than moving value from one place to another start to be possible. For example decision making systems are now viable there. With obvious advantages for the Finance sector, there is plenty more embedded promises on this technology that may represent as big paradigm shift as the web was for most in the 90’s, and that is why we must operate there – to keep its possibilities at our service, and not only for the elites.

What is Ethereum?

Ethereum is an ambitious blockchain project that describes itself as “a decentralized platform for applications that run exactly as programmed without any chance of fraud, censorship or third-party interference.”

How can I see my Robyns directly on the Ethereum blockchain?

To be added…

How can I transfer my Robyns directly on the Ethereum blockchain?

To be added…

How can I make additional contributions to the Coop directly on the Ethereum blockchain?

To be added…