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Crypto and basic income

By Vladan Lausevic | CryptoVlad | 26 Jan 2023


Have you ever heard about Manna Base (coin) or Circles? 

Several cryptocurrencies and connected communities already have a basic income system. This is promising since decentralization can be used for welfare and social support without usage or involvement of a government. 

Circles, based in Berlin, Germany, is ETH driven and aims to create a decentralized basic income system where users can earn tokens through various activities, such as content creation, and use them to purchase goods and services. While for example, Ripple-based tokens such as Grantcoin aims to provide a basic income to individuals through a decentralized, blockchain-based system.

The main idea is that cryptocurrencies can fund basic income programs by regularly distributing a certain amount of the cryptocurrency to eligible individuals. This can be done through various methods, such as using smart contracts to automatically distribute funds to recipients' digital wallets, or through a decentralized autonomous organization (DAO) that manages the distribution of funds.

Another method is creating a "crypto dividend," where "hodlers" of a certain cryptocurrency are periodically given a small amount of the currency as a dividend. Also, some projects as Hedge for Humanity are working on providing a basic income to users through cryptocurrency mining or by incentivizing people to perform certain tasks using cryptocurrency

 

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Vladan Lausevic
Vladan Lausevic

Based in Stockholm, Sweden as a social entrepreneur. Working with decentralization of democracy, climate transformation and economy. For more info, please get in touch with me via [email protected]


CryptoVlad
CryptoVlad

Welcome to my blog about crypto in relation to global governance, democracy, climate transformation, media and social progress. For more details, please contact me via [email protected]

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