The Fundamental Principles
The Libre Currency rests on four essential pillars that set it apart from traditional (FIAT) currencies.
Universal Dividend
Every certified member receives a fair share of the money creation every day.
Web of Trust
A decentralised certification system based on real human relationships.
Free and Sovereign
A currency free of debt, collectively controlled by its users.
Decentralised
No central authority: the blockchain guarantees transparency and security.
How does the Ğ1 work?
The Libre Currency runs on a decentralised blockchain called Duniter. Unlike conventional cryptocurrencies based on mining, the Ğ1 is created through a universal dividend distributed fairly to every certified member of the network.
Every day, all members receive exactly the same amount of newly created money. This mechanism guarantees a fair distribution of money creation, without any concentration of power.
The web of trust is the heart of the certification system. To become a member, you must be certified by at least 5 people who know you in real life. This prevents fake accounts and guarantees that each member is unique.
Transactions are fast, secure and need no intermediary. You can send or receive Ğ1 instantly with any member of the network, anywhere in the world.
Why use the Libre Currency?
The concrete benefits for professionals and citizens
For Professionals
✓ Diversify your payment methods
✓ Join a committed solidarity network
✓ Attract customers who care about alternative values
✓ Reduce transaction fees
✓ Gain visibility in the Pages Junes directory
✓ Take part in a dynamic local economy
For Citizens
✓ Receive a daily basic income
✓ Take part in a fairer economy
✓ Support local shops and services
✓ Take back control of money creation
✓ Trade without a bank in the middle
✓ Contribute to an alternative vision of society
The foundations of the June
A libre currency beyond the control of the banks!
The birth of the June
It all started in 2010 with a question from the engineer Stéphane Laborde:
« How can every individual, wherever and whenever they are born, be made equal to everyone else in front of money creation? »
This question gave birth to the June (written Ğ1, just as we write $) on 8 March 2017.
3-minute video on the Libre Currency
What is the June?
The June is a Libre Currency, that is, a currency with a universal dividend.
“every individual is free to judge what is value and what is not”. S. Laborde
Principle of Relativity, space-time symmetry
- The freedom to choose one’s monetary system
- The freedom to use resources (without harming others)
- The freedom to estimate and produce any economic value
- The freedom to trade, account for and display one’s prices “in the currency”
Learn more
- Book The Relative Theory of Money (Stéphane Laborde)
- The official website of the Libre Currency
- infojune.fr/
- The Libre Currency Forum
- The map of members and events
- The F.A.Q.
FAQ on the Libre Currency
What is the Libre Currency?
The Libre Currency is an economic system based on the principle that every individual should be able to co-create an equal share of money over time. It is based on the Relative Theory of Money (RTM) and aims to guarantee a fair and symmetrical distribution of money creation.
What is the Universal Dividend (UD)?
The Universal Dividend is the amount of money periodically co-created by each member of the community. It ensures that everyone receives an equal share of new money, whatever their economic status.
Once an individual shows that they are active within their community (exchanging goods and services), they will be certified by 5 other members who know them. They will then periodically receive a Universal Dividend (UD), which represents their equal share of money creation.
Members’ activity keeps the money supply in balance.
How do I use the Ğ1?
Buy and sell : Many members offer goods and services in Ğ1.
Take part in or organise events : Local exchanges (markets, fairs, etc.) are often organised to promote the Libre Currency.
Give or exchange : The Ğ1 encourages mutual aid and collaborative practices.
Certify : once you are certified, you can bring new people into the June
How does the Libre Currency work?
The Libre Currency is based on freedom of exchange. This means that the value of objects or services is set by the individual. The currency circulates freely from person to person without going through banks.
What is the June (Ğ1)?
The June (or “Ğ1”) is a cryptocurrency that uses a blockchain to record transactions and guarantee the transparency of the system.
The symbol Ğ1 pronounced June is the equivalent of the symbol $ pronounced Dollar.
How do I join a Libre Currency like the June?
To join a Libre Currency, you need to:
Create an account on a compatible platform (for example through the Cesium software) and exchange services or sell items using the software developed by June users (for example the association Econolibre with Pages Junes or Airbnjune)
After showing that you are active in your exchanges, you can receive a UD by being certified by existing members according to the web of trust principle. This ensures that every account matches a real and unique person.
What are the benefits of the June?
Access to a fair and democratic currency.
Safe and transparent transactions through the blockchain.
The chance to take part in an alternative, local economy.
What is the difference from conventional money?
In conventional systems, money is mainly created by banks in the form of credit, hence debt. This money creation often benefits some players disproportionately. The Libre Currency, on the other hand, democratises money creation by sharing it equally among all individuals. The libre economy favours the integration of the Universal Dividend.
What is the web of trust?
The web of trust is a social and technical mechanism that guarantees that every member of the Libre Currency is a unique person. Members must be certified by other members to join the community.
Why adopt the Libre Currency?
Make things fairer : Everyone benefits equally from money creation.
Reduce inequalities : The Universal Dividend redistributes wealth naturally.
Encourage local exchanges : Local communities can use the Libre Currency to energise their economies.
Are there any limits to the Libre Currency?
Still limited adoption : Few shops accept the Ğ1.
A learning curve : Understanding the RTM and how the tools work.
It depends on an active community to maintain the web of trust.
Where can I find more information?
Official websites : For example, https://monnaie-libre.fr/ or https://econolibre.org
Software : Cesium lets you manage an account and find offers.
Forums and events : Local groups, plus Telegram and Discord groups, share their experiences with the Libre Currency.