Local Action Rewards

by Bloom Network, powered by Inverter Network

Round 1, reporting open July 14 through September 30

We’re happy to share that we’ve released the core of Bloom's financial system!

Bloom Network is a full-featured social networking platform that allows people to meet each other and deepen their local relationships, through economic and gift exchanges, sharing skills and knowledge peer-to-peer locally and globally, and much more. In tandem with our newly released financial protocol, we believe we've created a social network that solves "The Social Dilemma" of today's extractive media companies.

Our financial model rewards Local Bloom hubs for their community-led biocultural economic development. Check out the gorgeous reports about what's happening on the ground all over the world. 

The first wave of Local Bloom hubs are communities who have innovated actions that work extremely effectively, are low-cost, and they're ready to scale up their efforts. Because they fall between the cracks of typical NGO and social entrepreneurship accelerators, it's hard for them to find the capital and support they need to do that. So we invented a way to bridge that, that kickstarts a flywheel for bioregional economies. 

These reports are part of our first quarterly grants distribution round for work already completed and documented on our cooperatively owned platform. 

How it works:

💰 We host a grants pool that any individual or entity can contribute to.

📽 We built a full-featured social network reporting system for public visibility and inspiration plus robust peer-to-peer support. (It’s super cute! You should join and tell your friends!)

🌿 We use blockchain with state-of-the-art user experience for non-technical people to distribute funds across international borders with no middlemen at extremely low cost.

The goal in financing this layer of community development is to transition the global economy from extractive to regenerative. As these communities build economic power, they are able to cooperatively invest in local businesses at the lower investor returns that coops need.

FLO (Flowers) is the reputation token we use to record members' contributions to local regenerative actions. FLO issuance is handled by Inverter Network's "bounties" contracts for review and payment. This is the then used to calculate the final grants distribution, proportional to FLO earned during the current period.

Eligibility for Round 1

Here are the eligibility criteria for this round.

- Local Bloom hubs that joined Bloom Network prior to May 31, 2024

- Individual members of qualified Local Bloom hubs that have joined Bloom Network and completed their profile.

- Regenerative actions that took place between January 2023 to September 30 2024. We have a long list of examples here for reference. Here is a guide for writing a successful Impact Report.

How to onboard your Local Members: https://bloomnetwork.earth/learn/faq/localmembers This is a motivation for you to utilize Bloom Network's custom social network that local organizers helped build, to support your local visibility, credibility, growth and success.

New to Bloom? Your community can apply to join Bloom Network during any period, to be eligible for the following period! Our goal is to get into a quarterly rhythm.

I hope you'll follow our journey and participate in the future we're creating together! Over our 16 years of working together as a collective, we know that when community members lead, cultural transformation is long-lasting, and economic opportunities emerge in ways that bring true well-being to people and planet.

- Read the Impact Reports

- Contribute to the Rewards Pool

- How to participate on the ground

If you have questions or are interested in contributing to the grants pool, please get in touch at community@bloomnetwork.earth

With love and solidarity,

Magenta Ceiba, Principal Systems Architect, Bloom Network

Apply to join as a Local Bloom hub