A. Carrot-WebCoins are a form of digital money just like physical coins but WebCoins exist only on the Internet. Just like physical coins, WebCoins are anonymous and may be used to quickly and simply buy products and services on the Web as well as transferred to people you know. WebCoins are denominated in a range of currencies and in various values and are issued by Carrot.org and its licensees and are backed 100% by real bank deposits in the currency of denomination.

WebCoins are normally stored in a digital purse and may be freely transferred at any time with anyone without the intervention or knowledge of a central authority. Carrot-WebCoins may be exchanged for goods and services from a growing number of Web merchants or sent through e-mail or during an on-line Chat session (e.g. Skype or MSN).

WebCoins may be purchased on-line in small blocks (typically US$ 10 - 50 or equivalent), using a regular Credit Card, Debit card, Internet banking or PayPal account. Top-up using game cards or with cash will also be available in the future.