How it works

The Sharing Economy (SE) is developed and concretely implemented, through what we define SE splits. 

Each action carried out by a Ulyfe user in our system generates a SE split.
A percentage of the transaction’s value is converted into credits and stored inside digital wallets.

The chart shows the flow of the SE Split, generated by the action of a Ulyfe user.

Credits are split among Wallets, while Points are added to the user’s LifeBar.

The split, that allows the redistribution within the Sharing Economy logic, is based on each user commitment measured thought the Points accrued inside the LifeBar.

The assignment follows rules of fairness and proportionality.

Each user, will receive a share of the Shared wallet, by considering how their activities was important, if compared to the activities of the entire Community.