We are working towards a worldwide unconditional basic income (UBI). Many local pilots have demonstrated that unconditional basic income is an effective way to combat poverty. Ending poverty in all its forms everywhere is the first one of all the 17 Sustainable Development Goals SDGs for 2030. It’s the first one because ending poverty will have a huge positive spin-off effect on many of the other SDGs. So it’s time to establish UBI worldwide to reach this goal.
The basic idea is really simple. We need a steady stream of money coming in and a way to distribute it. Realizing this in practice has some challenges. There are a number of initiatives working on parts of this. For now we are exploring possible sources of money and some promising initiatives to distribute it. We hope to bring these together to realise worldwide basic income for everyone.
GoodDollar
GoodDollar uses decentralized technology to financially empower millions around the globe. With the GoodDollar app on your phone you can claim GoodDollars every day. There are thousands of people already claiming their GoodDollars on a daily basis. The value is still very low, but the team is working hard to increase that.
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Glo Dollar
GloDollar is a fully backed stablecoin pegged to the US dollar. Like other stablecoin companies, they earn interest from their reserves. The difference is that they are non-profit: they give that interest away to public goods and charity. One of the main charities they support is GiveDirectly with their basic income program.
You can help generate basic income for people in extreme poverty simply by owning Glo. More Glo adoption means more basic income for more people.
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Circles
Circles proposes to be the blockchain’s native UBI money system. It has its own built-in resistance to fake accounts and anyone can join the network at any time without asking permission from anyone. It has been designed with the expectation that it will be bootstrapped in a completely organic and grassroots fashion. Circles is an entirely new way of looking at the nature of money and what value exchange means in a post-UBI future.
At the moment Circles is undergoing some restructuring and work is being done to create version 2. But don’t wait for that. Just start collecting your own Circles on your phone.
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Basic income lottery
There is a successful basic income lottery in Germany. It is not a basic income for everyone and only for a year. But it is a nice basic income of € 1000 per month. And you too can participate in this lottery for a “Grundeinkommen”, the German term for basic income.
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Do you want to know more about a basic income?
Here you can find more about what a basic income is exactly and why it is such a good idea.
- Read all the basics at Wikipedia.
- Find out more about or maybe even join the Basic Income Earth Network
- View Rutger Bregman’s Ted Talk on Basic Income.