Active
Launched in 2018
Social experiment to bring a basic income to as many Steemit members as possible. Members join by sponsoring others into the program. Steem Basic Income is delivered through providing regular upvotes to member content.
Blockchain
Own Blockchain - the social media blockchain platform, "Steem"
Token economics
- Total weekly vote strength is divided by number of shares to determine the vote weight each share receives
- Each member's weekly upvote weight is distributed to each of their posts, rate determined by posting frequency
- Waterfall of Sustainability - cascasing pools of members, depending on available spots
- Maximum of 100 shares in each pool per member
- Upvoting bonuses, sponsoring and delegation bonus shares
Key people
Ned Scott
Locations
New York
OpenUBI aware
No