Meta Earth runs an "Unconditional Basic Income" scheme on its own modular L1 (ME Network): every user who completes KYC for a ME ID in the ME Pass wallet receives one permanently staked MEC token that yields daily income at a stated 12.5% APY, plus an automatic 0.01 MEC monthly airdrop. It was unveiled at Token2049 Dubai and launched with ME Network 2.0 in May 2025.
ME Network (Meta Earth's own modular high-throughput L1)
MEC total supply 20 billion; half permanently staked to back UBI, half released on a halving-based staking schedule. Market price free-floating.
Company-led (Meta Earth); additional rewards tied to governance participation.
CAUTION: nearly everything known about this project comes from its own press releases. The "UBI" is yield on holding its own token rather than an income paid to verified people, and no independent figures for recipients or payments were found.
- The "UBI" is yield on a single protocol-gifted staked token rather than a funded transfer, so the real value depends entirely on MEC's price
- Requires KYC, which is weaker Sybil resistance than biometric proof-of-personhood
- All figures come from company communications and press releases; treat adoption claims cautiously