Spread is a financial term for a gap – usually between the bid (buy) and ask (sell) price where a profit can be made by trading the difference. In a social framing a spread is a gap between two positions that provides an opportunity to maneuver to make a gain, which can be also political, environmental, cultural, aesthetic. Our wager is that a clear spread will open between what the old and the new economic space make possible – there is a clear difference in their expressive capacity, accessibility, stability, adaptability, scalability, privacy, functional equality and programmability. ECSA is a question: On which side of the spread do you want to be when more and more people start to realize how much more expressive the postcapitalist economic network is? The ECSA capital market facing token is a performance derivative designed to capture a share of the spread: it is a mechanism that rewards early participation and through which contributors can participate in the generation of the network. In other words, it offers tokenized exposure to the economic performance of the postcapitalist economic network, not ownership of the network infrastructure which is open and free to use. See Big put. See Living in the spread. See ECSA token.

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