A LETSystem is a trading network supported by its own internal currency. It is self-regulating and allows its users to manage and issue their own 'money supply' within the boundaries of the network.
The key points include:
* co-operation: no-one owns the network. * self-regulation: the network is controlled by its users. * empowerment: all network users may 'issue' the 'internal currency'. * money: money, as a means of exchange, is an integral feature.