Freeos

Active

Freeos is a "cooperative community currency" run as a DAO by FreeDAO (New Zealand). Verified participants vote weekly on the system's monetary policy (inflation, fees, distribution) and in return claim an equal share of newly issued points, convertible into FREEOS tokens, as a UBI-like supplementary income.

Blockchain

XPR Network (formerly Proton, EOSIO/Antelope); Internet Computer components; website on Juno

Social identity

- KYC through the Proton/XPR WebAuth wallet (identity.metallicus.com)
- One-person-one-vote
- KYC requirement (passport in many countries) excluded thousands of users

Social mining

- Participants vote weekly on economic parameters and then claim points
- Points convertible to FREEOS (or FREEBY) tokens
- Participants burn FREEOS for annual access to the weekly votes

Token economics

- "Wisdom of the crowd" price stability: participants vote on inflation, fees and distribution instead of an algorithm
- Described by the team as a crypto-UBI (like GoodDollar) combined with a stablecoin (like Dai)
- FREEOS token price fell sharply with XPR in 2023

Governance

DAO (FreeDAO); direct-democracy weekly votes on monetary policy; DAOScape platform intended for governing code changes

Verified users
7,000+ participants at AirClaim launch (per team, 2024); many later blocked by KYC
Key people

J. Kelsey

Locations
New Zealand
Worldwide