I wrote a post last week about a cryptocurrency that wants to tackle universal basic income, called Mannabase. But now I actually have some more info to provide.
Mannabase is providing free, weekly distributions of its native cryptocurrency to all of its members, simply for making an account. When I wrote my last article, they had not yet made their first distributions, so nobody actually knew how much each payout was going to be worth.
After creating an account you MUST click the "Click Here" on the green banner to sign up for UBI. If you have not yet entered a code that you received via text message, then you are not done.
Well, now Mannabase is live and making weekly distributions. The second one went out this morning
As I understand it, the total amount distributed each week is a factor of the total circulating supply divided by the number of activated accounts. That is because inflation is set at a specific amount (I think 3%/year, but I don’t have the whitepaper in front me right now). If new accounts outpace inflation, then the number of coins each person receives will likely decrease. For the first week, each user received 43 Manna. The second distribution just went live and coin/account was about half that of last week—21 new Manna each.
With each coin valued at only $0.02, $0.42/week may not be much to get excited about just yet.
But there are things TO get excited about.
First, passive income is passive income.
Let’s not get to uptight about free money here folks.
Second, like all things, the price of Manna COULD go up. \While it is only currently trading on an exchange called SouthXchange (I’ve never heard of it either), future development may bring this coin to more mainstream exchanges that allow for positive growth. Who knows.
Third, one of the goals that the Mannabase team has set out to implement is the ability to create accounts for your children.
Even if the price of Manna doesn’t increase at all (of course, it may also decrease further), at $0.42/week, that kid will have about $400USD when he or she turns 18. Depending on where you live, that is significant! At zero expense and effort, I think that is a decent deal.
Fourth, you can increase your weekly distributions through referrals.
The title mentions that I get 190 Manna last week. That is almost $4 on current value. For week two, I got another 90 Manna. I don’t think it will halve every week, but the amount per person will likely continue to decrease until new accounts slow down. I am able to get over 4x a regular account each week with JUST FIVE REFERRALS.
Let’s take that last point a little further.
If you are able to get 25 people to sign up for free money with your link, you’re looking at $468/year at current value and distribution amount ($8,424 after 18 years). Everybody should know 25 people that they can convince to spend 2 minutes to sign up for free money.
Hell, you could even ask for their phone and just do it for them.
If you like this idea, then I invite you to check it out for yourself. And if you feel that my post provided any value, please consider using my Mannabase referral link. After using my link, you then can use your own referral link to tell all of your friends. Or you could send them my link; I wouldn’t complain about that. ;)
Get that free money, y'all.
Until next time, be blessed.
~Sam
Image Source: Mannabase
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