The world’s first fully fledged decentralised currency that delivers free and guarantee income to all citizens without relying on taxation.
What is Project UBU?
Project UBU offers a fast growing network through a free token distributed to anyone globally who wants to participate. This risk-free token, named UBU (Universal Basic Unit) can be used as payment, or part payment, at all vendors registered as part of the “UBU sphere” and therefore will accept the token as payment. This will make a significant difference on a daily basis for a minimum existence level.
The unique approach is that Project UBU offers these tokens for free upfront on a daily basis without any obligations or commitments for the users. These tokens will represent a value at the registered vendors as terms of payments for goods and services.
Based on Metcalfe’s law this will result in a fast growing network globally and is the core business idea of Project UBU.
Both users and the vendors will benefit from the network. The users will benefit from receiving a value token free upfront and the vendors will benefit from more customers into their stores, reduced marketing expenses and more precise and direct online communication with their customers.
Based on Metcalfe’s law It is very likely that the value of one UBU will increase over time as the user base is increasing and hence the competition between the vendors is increasing. Please see the White Paper (https://ubx.projectubu.com/pdf/ProjectUBU_WhitePaper.pdf) for further details
- Blockchain technology delivering Universal Basic Income through a mobile phone application, without relying on taxation
- Free to download to anyone in the world (“Citizens”) via the App Store / Google Play
- Vendors join the ecosystem (the “UBU Sphere”) at no cost, allowing them to promote products/services to Citizens
- Citizens use UBUs as full or part-payment against
Why Project UBU?
Poverty Can be Solved
The world’s population is divided into two groups:
those with access to the economy and those with none.
The invisible barrier dividing them is access to economic participation – the capacity for people to sustain themselves by means of economic activity. Every person has economic value, yet almost 3 billion are excluded from economic participation.
While global poverty has been on a sharp decline by all measures for 200 years, the World Bank estimates 766 million people (10.7 percent of the world’s population) were living in extreme poverty (1) in 2013. This is forecast to drop to 9,6% by 2015.
1 The World Bank definition of extreme poverty is people living on <$1,90 international/day by 2011 PPP (purchasing power parity).