FairSpirit is exploring several approaches to launching basic income initiatives. Key elements of these efforts include a bottom-up strategy and the potential for large-scale expansion.
GoodDollar & HelpGhana
Through the GoodDollar system, it is possible to distribute GoodDollars as basic income to specific groups. In collaboration with the HelpGhana foundation, we are investigating the possibilities of starting an initial group in Ghana. We are also seeking partnerships with other development organizations to explore the creation of additional basic income groups.
GoodDollar by Country
GoodDollar enables the distribution of basic income at the country level. Currently, two pilot projects are underway, distributing GoodDollars to women in Nigeria and Colombia, as detailed on the GoodCollective website. The GoodCollective platform allows for the allocation of GoodDollars to targeted groups. We are reaching out to country-based communities that send remittances to friends and families, to assess their interest in sponsoring basic income initiatives in their home countries.
Circles
Circles offers a unique approach to basic income. Users can create their own Circles within the app—one per hour, up to 24 Circles per day. These can be exchanged with trusted contacts and used as a form of payment. Circles is developing a new version of the system that will introduce Groups, making it easier to scale to larger numbers of participants. The upcoming version will also allow Circles to be exchanged for other currencies, supporting broader adoption.
BrightID & AURA
BrightID, combined with AURA verification, allows individuals to anonymously prove their uniqueness, which is essential to prevent multiple claims by the same person. Once AURA is operational, we plan to launch a small-scale basic income round for a group of verified users, with the intention to expand through additional rounds and funding via platforms like Giveth and Gitcoin.
UBI Raffle
Two UBI raffles, UBI4All and Mein Grundeinkommen, are successfully distributing basic income on a regular basis. We aim to establish a similar raffle, focusing on providing a modest basic income to a larger number of people, particularly in low-income countries, to maximize the impact.
UBI Chain
Zidisha utilizes a pay-it-forward model on its microcredit platform. Maybe we can do something comparable for basic income. We could start with one individual receiving basic income for three months, after which they would nominate one or two others to receive income for the next period, continuing the chain as long as funding permits.
UBI Fund
A sustainable approach involves creating a fund that distributes its profits as basic income, similar to the Give for Good model but with a broader charitable focus. There is a small-scale experiment, Ubiquitus, operating in the United States, and we are seeking funding sources for such a fund. Income could come from donations or a share of company profits.
A notable example is the Alaska Permanent Fund, which is financed by oil and mining revenues and uses its returns to pay dividends to all Alaska residents.