The Dignity (DGNT) token is a proof-of-concept for how to fund a Universal Basic Income (UBI) using monetary rather than fiscal policy.

There are still a number of obstacles to UBI that need to be addressed before we have a system that's both universal and sustainable.

Design Choices

This section explains how DGNT demonstrates a universal and sustainable way to develop a UBI.

Initial Supply

The initial supply is set to X, which correlates with the number of unique addresses on the Ethereum blockchain at the launch of the token. In production, a UBI distributed using cryptocurrency would need a spam filter to identify unique individuals and prevent people from "multi-claiming."

For discussion on how this might work, check out the issue.

Initial claim of 100 tokens

An important part of figuring out how to scale UBI will be having a conversation about whether "basic" income means providing a minimal amount of purchasing power relative to a person's native currency or a The monetary policy of cryptocurrency can be designed to algorithmically adjust relative to the decisions of a DAO controlling its governance.

Weekly claim of 50 tokens

Schemes for providing UBI vary in the amount of time between distributions of funds, but most seem to agree that regular distributions are preferable to receiving a lump-sum.

Minting 1% of supply per month