You hold and send **CC**. **CC** is transferable and spendable among **participants** in the **circuit**. Balances are charged **demurrage** while you hold them.
What you do
- Receive **CC** from others in the **circuit**.
- Send **CC** to others, including **property owners** who need it for the **levy**.
- Bear **demurrage** on **CC** you hold.
Worked example
The gravel **payable** (**F** = 1,000 **USD**, **demurrage** $r$ = 4.16%/year (1-year Treasury), term 90 days, **CC₀** ≈ 1,010.30) is how **CC** entered the **circuit**. Use Send CC to pass units along.
Open the demonstrationUsername participant · password cc-demo
What you do not do
You have no **conversion option** at **T**; that is the original **creditor**’s. You tender tax only if you are also a **property owner**.