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Hello everybody!
Today I'll present you SwiftDemand!
First, what is SwiftDemand?
"Swift Demand is a basic income attempt, with each registered user receiving 100 Swifts each day. No additional Swift can be created with time or resources. No user can gain any other 'advantage' when it comes to acquiring swifts."
Basically, every day you receive 100 Swifts when you log in (The 100 Swifts accumulate up to 7 days, meaning if you do not log in for 10 days, you can only claim 700 Swifts) . Apart from that, you will have no way of acquiring Swifts - except of course by buying some from people who already have them, or by exchanging them for goods or services. There is also the possibility to sponsor people which is still active, but it will end when 5 million users are on the platform.
And of course, all this is free;)
Why do you need to actively claim your Swifts, and will it always be 100 Swifts by day?
"Actively requiring users to claim swifts lets Swift Demand ensure the user is both alive and wishes to obtain their daily allowance. It also requires users to be actively engaged with Swift Demand and encourages them to use their income regularly."
"The number of Swifts you can claim everyday will very likely stay at 100 for a long time, but eventually it will increase. The rate of increase will eventually be set to a healthy inflation rate that is in line with the concept of basic income."
What is the concept of "basic income"?
"Basic income is a concept where all people in a specific group are given a fixed amount of unconditional income. Ideally basic income should reduce poverty and help decrease the wage gap between the rich and the poor improving the quality of society." It's an universal income, an idea that is starting to make noise, it was even aborded during French elections for example.
And how are Swifts used?
At the start, we couldn't do anything with them, except exchange them with other users, but now the platforme integrate a "store", where you can sell things or buy things. I never actually tried to sell or buy something, but you have for example some stickers with the design you want, some photos, recipes... You can also buy digital portraits of yourself, or logo made specialy for you.
There is more and more products proposed, and that's why I decided to talk about this project.
Is it similar to bitcoin?
"Bitcoin is decentralized Peer to Peer currency. SwiftDemand is centralized currency focused on the concept of basic income as the primary source of the swifts. They are both online currencies, but have different goals and ideals."
So there are two main differences: SwiftDemand is not decentralized, and you get it for free.
So, interested? Ask my referral link if you want to register! ;)
Thanks for reading!
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SwiftDemand presentation [fr + en] | Ecency
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