Universal Basic Income (UBI) Project Analysis

1. Research Comment

UBI is a charitable project, aiming to  allow every human being to get a basic income. It is a big and developing vision, and obtains great attention from Vitalik Buterin who have performed the video KYC of it months ago and bought 50-ETH of UBI this morning.

2. Recent Flashpoint

Ethereum founder Vitalik Buterin bought 50--ETH UBI and burned it.

3. Project Introduction

Proof of Humanity is DAO that introduces human argument, a registry system that uses social verification, and a truly one-person-one-vote governance system. UBI is the token of Proof of Humanity.

4. Token Roles

• Participating in DAO governance
• Getting liquidity mining rewards

5. Token Allocation

Total: 10,000,000

• 20% to early contributors of HOUR (known as UBI now) token of Democracy HOUR;
• 40% to UBI initial liquidity mining;
• 40% to UBI community treasury, used as the treasury reserve for future UBI DAO proposal implementation.
• Liquidity mining: 1 year, UBI-ETH and UBI-DAI, 2 million pieces respectively.
• Verified people have 1 UBI every hour = 720 UBI every month. 

Universal Basic Income (UBI) Basic Information

Token name: UBI

Project website: https://www.proofofhumanity.id/

Block query:

https://etherscan.io/token/0xdd1ad9a21ce722c151a836373babe42c868ce9a4

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October 20, 2021