Transfers of the new currency will also be carefully monitored with transactions going through a central 'bank' which verifies each deal using the block chain method used to transfer other crypto-currencies such as Bitcoin.
Users will have access to their own wallet which stores the dollars they've earned and will be able to transfer them to others via the app.
"It's a currency that can be earned by anyone regardless of who they are and where they live," says Franky Imbesi.
"For some it will be a free cup of coffee a week perhaps offered by local businesses to encourage people to explore their local shops. For others it could be a game changer, transforming their lives by enabling them to earn and trade in the same way with the rest of the world.
"And all while encouraging us to protect the planet and stay healthy.