Halcyon Payments

All internal company transactions are via HLCN

  • Incoming funds split into appropriate investment systems.
  • HLCN value is proportionate to that value.
  • Technically a half-inflationary internal currency coin system.
  • HLCN is only generated when incoming fiat transaction occurs.
  • When HLCN is cashed out of the system, coin is destroyed.
  • Person-to-Person payments
    • no fees on transactions
    • requires monthly membership/account upkeep fees
  • can register a business entity, but requires all participants to be verified users
    • essentially a verified group for profit-share distribution
    • (ensures that businesses using network compensate employees fairly and legally)
  • Customers can “cash out” HLCN accounts at will
    • If held for less than 1 year, there are penalties with regard to appropriate short term capital gains tax based on withdrawal amount
    • Incentivized for long term investment with lesser penalties when held for 1 year+
      • in accordance with long term capital gain tax values proportionate to withdrawal amount
  • For example: $11.50 incoming transaction results in $1.50 off the top and 1 HLCN provision to customer account.
    • Customer can transact fractional HLCN internally for Halcyon services without penalty.
    • Customer can transfer fractional HLCN to another customer internally without penalty.
    • 1 HLCN = $10 value (if held for 1 year+ before cashout)
  • As the services and ecosystem grow more broad, HLCN covers more needs, etc.
  • This keeps funding internal to the system while providing customer services at cost (plus 15%).
  • Basically community and locality focused self-funding facilitated by various Halcyon services.
  • There will always be the option to cashout, but if we do our jobs right, there won’t be a need/desire.