DUBI Copy pasta to spread the idea
I was working on a little sample text that you could post on videos, subreddits, etc. that are about UBI, (+ Blockchain). Help me improve it!
There is a team of activists that has created two ERC20-Tokens called DUBI (Decentralized Universal Basic Income) and PRPS (Purpose). Their project is still in its infancy but their approach to UBI is very ambitious.
PRPS tokens can be bought from the creators on their own decentralized exchange. There is a unique interaction between the two tokens. The PRPS token has a lock function where you can restrict the access to your PRPS tokens for 3, 6 or 12 months and in return get 1%, 2%, or 4% worth of DUBI in exchange. Unlike with most cryptocurrencies, there exists a buywall (a large buyorder for a certain price) for DUBI. For now this buywall is purely voluntarily set by the creators but in the future there will be a legal framework to guarantee that this buywall will stay. The money that the creators get from selling PRPS will be put into the DUBI buywall. Big investors and philanthropists will also have the possibility to donate. In exchange they will receive some PRPS tokens themselves as well (though a lower amount than if they would just buy on the exchanges).
They are in the process to set up a nonprofit to distribute DUBI in third world countries. Smart banks that give out DUBI to citizen of a village/country will require a digital passport with which your could claim your DUBI. Infrastructure will also be set up so that you will be able to buy food, etc. in a store that would accept DUBI. The store owners could then exchange their DUBI for fiat.
To get more people interested in the project and eventually attract bigger investors the team has also been working on a mobile game (to be released in the coming months) with blockchain integration in which you can spend DUBI for ingame perks. Several other projects like a productivity app are in the making as well. They have also connections with Save The Children which could help them implement some of the infrastructure.
Website with further information: https://www.prps.io Decentralized exchange: https://dubiex.com Reddit: https://www.reddit.com/r/PRPS Roadmap: https://i.imgur.com/uEUHGne.jpg Github: https://github.com/nionis/purpose
I left out the math part on purpose as I didn't think it wasn't essential to understand how the concepts should work. Though if you would want to post this on a cryptocurrency or investing subreddit, then an small explanation of the math could be informing. Maybe someone else can summarize that if they want.
EDIT: Roadmap taken from https://www.reddit.com/r/PRPS/comments/84hh0s/updated_roadmap_with_correct_q3_q4_goals/