F A Q

The purpose of our Local Action Rewards program is a) to increase public visibility and participation in regenerative actions, and b) for you and your local Bloom to receive FLO (flowers) tokens for your actions, and proportional funding from rewards pools as we build them.

Guide with Full Instructions

Please read the full instructions for how to participate in the Local Action Rewards Program. Any time you have questions about how to do your report or the "bounty claim" process, use your left sidebar navigation on Bloom to find the Local Action Rewards guide.

Make sure to read the Guide to Writing a Successful Impact Report before getting started - a verification team reads each report to ensure it meets the guidelines.

What is Bloom’s token model?

FLO (Flowers) is a blockchain token used to track the amount of labor hours you contribute to local regenerative actions. When you write impact reports on Bloom about your community actions and what beneficial outcomes they had for your community, you receive FLO. Bloom members receive FLO at a rate of 30 FLO per labor hour. The total FLO you earn during each 3-month period is used to calculate the percentage of the grants pool from the nonprofit that you and your Local Bloom hub receive.

On a quarterly basis, you and your Local Bloom hub receive a portion of the grants pool from the nonprofit, based on how much FLO you earned that year. Yearly, as the Bloom cooperative becomes profitable, you'll additionally receive profit dividends. For more information, see the Bloom Cooperative Guide.

FLO (Flowers) token address on Optimism Mainnet - 0x4Ab1BFC688992e7c6C344d0a31C5CBd6FbD86f33

What regenerative actions are eligible for FLO?

Here is a preliminary list of actions we’d like to reward. Evolving this will be a community process.

Actions must be approved by a validator before FLO is allocated. At first this will be members of Bloom International, but likely a validator or three from your local community will be needed soon; someone who is likely to know you participated in an action and has a high degree of trust from your local Bloom.

What is the rate of FLO I receive for actions?

At first all actions are rewarded at 30 FLO per hour. Later, the community might choose to change the rate for different actions that are creating particularly good outcomes.

What can I use my FLO for?

Based on the percentage of FLO you earned among the total FLO distributed that quarter, you'll receive a proportion of the total grants pool available. At the end of the year, a percentage of our cooperative's profits will be allocated to Bloom members as a cooperative patronage dividend, proportional to FLO earned in that year. Your local Bloom hub will additionally receive 1.2x the amount of FLO, grants, and cooperative dividends. The purpose of that is to incentivize people to collaborate on local projects.

In the future, we would like to develop a way for Bloom members to exchange FLO with one another like a local community currency, to pay for local services and products - the receiver would then get the year-end dividend. The purpose of that is to help circulate what we have in surplus in our communities, that we're not able to exchange with one another because of the extractive economy, i.e., the people who want our products and services not being able to afford them.