As I understand it, coins are continuously minted for each user. And the value of each user’s coins is related to how much people trust them, and how many people trust them. So it seems, effectively, it is a way to translate trust in the real world into a basic income currency that’s being continuously minted for each user, and whose utility is determined by people’s trustworthiness. You don’t have to do anything to earn and use it except be trustworthy. I’m sure this is a bad summary, but that’s my initial take.
RE: How might a basic income cryptocurrency affect governments, states, and citizenship?