UBI is not a new idea. It’s already happening in Finland and the Canadian province of Ontario, while other states and cities across the world are considering the idea. The city of Stockton is committing to an experiment with a Universal Basic Income in 2018. The city will supplement low-income Stockton families’ budgets to the tune of $500/month and then monitor the results.[1]
Manna is the first publicly traded, blockchain-based currency to be distributed as a Universal Basic Income subsidy to anyone in the world who applies and is verified as a unique human being. Manna, originally called Grantcoin, is also the first cryptocurrency to be managed and distributed by a U.S.-based tax-exempt nonprofit organization, and to be value-backed not only by investors, but also by tax-deductible donations which are used to buy back the token on markets where it trades. If sufficiently capitalized in the future, Manna will also be backed by profits from a capital reserve fund, similar to the Alaska Permanent Fund which pays an annual dividend to all citizens of the U.S. state of Alaska and is the longest-lasting and most successful UBI subsidy program in the world.
On January 29, 2018, The People's Currency Foundation (a U.S.-based 501(c)(3) nonprofit) published their whitepaper for Manna, a relaunching of the basic income cryptocurrency formerly known as Grantcoin, which was the first publicly traded blockchain currency to be distributed universally to all those verified as unique applicants. Its first distribution occurred on June 30, 2016. Four more disbursements occurred on October 1, 2016, January 31, 2017, June 17, 2017, and August 9, 2017.[4]
This program has been growing steadily...
[1]https://sf.curbed.com/2018/2/1/16959714/stockton-universal-income-economy-families
[2]http://fortune.com/2017/09/03/universal-basic-income-economy-study/
[3]https://www.mannabase.com/static/documents/whitepaper.pdf
[4]http://www.scottsantens.com/manna-universal-basic-income-cryptocurrency-whitepaper-news
