Cryptocurrencies are usually an investment game. There are few exceptions like Steem and earning bounties like SmartCash via Steemit. But there is one coin that is designed to be distributed to everybody for free: Manna.
The Universal Basic Income
The idea of the UBI is not new. Receiving a monthly basic income to cover your basic needs is circling through political discussions all over the world. Cryptocurrency has now made that available to everyone. All you need to do is register yourself with your mobile phone number and email address to start receiving weekly Manna payouts. They use a certain algorithm to minify the double identity problem for people who use multiple Sim cards to create new accounts.
Manna is the rebranded Grantcoin which was founded in 2015 as a case study. In March 2018 it started to issue Manna to the public. Every seven days there are new Manna distributed to all registered people. Currently there is a mobile wallet on Mannabase without a send or receive function yet as well as a release candidate wallet for Windows and Linux. The platform is still heavily under development but you can already earn your free weekly Manna and promote it to others with your referral link.
If you sign up with a referral link, YOU will get 50% bonus in addition to your basic income distribution. Me as the referral is getting a multiplication for each new signup. This is a huge win-win for both parties.
Read the Manna Whitepaper for more details.
In my first week I have received 16 Manna. The current market price is $0.015 USD per Manna so that is about 24 cents a week or one Dollar a month. Not much at the moment but the project is still very young and growing. Since January the market cap has grown over 50% already. With the clever referral system the ecosystem will grow organically and allow many people to get a foot into the crypto world even without any own investment in form of money or time.
There are 43 Million Manna supply with a current market cap of 683 Thousand USD. This is still very low capital compared to other coins and we have yet to see how the constant selling pressure will influence the growth of Manna when the transactions are finally possible.
What do you think about Manna and what possibilities do you see for its and our future?