Basic Income Crypto Platforms

In this blog post, we delve into a comparative study of six distinct digital currency platforms - Worldcoin, GoodDollar, Proof of Humanity, Circles, SwiftDemand, and Duniter. Each of these platforms shares a common goal of addressing Universal Basic Income (UBI), aiming to democratize financial resources and ensure equal opportunities for all, irrespective of their socio-economic background. The platforms employ unique strategies to achieve this, including the distribution of free tokens, offering daily crypto-based UBI, creating a Sybil-proof human registry, and promoting egalitarian monetary creation.

Worldcoin: Building a Global Economy for Everyone. Worldcoin aims to create a global economy that is accessible to everyone, regardless of their country or background. Worldcoin offers a digital identity, World ID, that proves you are a real and unique person while fully protecting your privacy. The platform is building the world's largest identity and financial network as a public utility, giving ownership to everyone. The World App enables payment, purchases, and transfers globally using the Worldcoin token, digital assets, and traditional currencies. The Worldcoin token is the first token to be globally and freely distributed to people, for both utility and future governance, just for being a unique individual. This approach aligns with the concept of UBI by providing a form of income to all individuals.

Good Dollar: Empowering Billions to Join the Digital Economy. GoodDollar is a non-profit initiative that aims to deliver UBI using blockchain technology. It is a global movement aiming to bring economic opportunity to all through free crypto. The platform offers a daily Universal Basic Income (UBI) in the form of GoodDollars. GoodDollar leverages decentralized finance to align incentives between those with money and those in need, creating more growth and opportunity for everyone. This approach directly addresses UBI by providing a daily income to all users. The project is backed by eToro, a social trading platform, and aims to reduce wealth inequality by providing a basic income to anyone with internet access.

Proof of Humanity UBI token: UBI through a Sybil-Proof List of Humans. The UBI Token is a universal income currency which is accrued by all profiles successfully registered in the Proof of Humanity registry. The Proof of Humanity is a dapp developed with the purpose of creating a Sybil-resistant list of humans. Proof of Humanity combines social verification with video submission to create a Sybil-proof list of humans. This unique approach ensures that each individual has a unique and verifiable digital identity and receives a form of UBI.

Circles: A Universal Basic Income Platform. Circles is a platform that aims to provide a Universal Basic Income (UBI) to its users. Circles is a cryptocurrency-based UBI project that operates on a decentralized and permissionless platform. It issues its own native currency, Circles (CRC), which is distributed to users periodically as a form of basic income. The platform encourages local communities to adopt the Circles currency for transactions, fostering economic activity and creating a more equitable distribution of wealth.

Swift Demand: Daily Universal Basic Income for All. SwiftDemand is an attempt at basic income. It is a UBI project that provides users with a daily income in the form of "Swifts," the platform's native digital currency. Users can spend their Swifts on goods and services offered within the SwiftDemand marketplace or trade them for other cryptocurrencies. Each user who is signed up for the service receives 100 Swifts each day. This approach directly addresses UBI by providing a daily income to all users.

Duniter: Libre Money for All. Duniter is a free software that adopts an egalitarian monetary creation in the form of a daily Universal Dividend defined by a sound monetary theory. This peer-to-peer identification system takes advantage of properties of graph theory to overcome the need for a central autority while maintaining a strong sense of identity. Duniter implements a Web of Trust, an innovative decentralized identification system that serves as the basis for the universal dividend. This approach aligns with the concept of UBI by providing a form of income to all individuals.

In conclusion, each of these platforms offers unique approaches to cryptocurrency and universal basic income. They all aim to democratize access to financial resources and provide a level playing field for all individuals, regardless of their socio-economic status. As these platforms continue to evolve and grow, they hold the potential to significantly impact the global economy and the way we perceive and use money.

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