Many ask what Manna is?
The quick and dirty answer is that it is a cryptocurrency that was designed to be given to people as a basic income. The goal is to eliminate/reduce global poverty.
However, like many blockchain projects, there is a lot more going on than just that.
Let us start by looking at the goals of the project.
Implement an economically impactful basic income on the blockchain, especially to help some of the world's poorest people, children, and developing nations.
Enable targeted direct giving for highly efficient, effective altruism, utilizing the technological benefits of cryptocurrency and smart contracts.
Build a global network of socially conscious businesses, nonprofit organizations, and their customers and supporters, using the Manna currency as a tool to create a more equitable economy for a better future.
This is from the Manna White Paper.
To my knowledge, Manna is the only token that is designed for the purpose of basic income that is operational on a blockchain and issuing publicly traded currency. This is a remarkable achievement and the start of completion of number 1. The blockchain already passed 1M blocks which is a rather large blockchain at this point.
A great deal of the success of any cryptocurrency is kicking off the "network effect"as summarized under Metcalfe's Law. Essentially, the more users (nodes), the more the value of a system is.
This applies to STEEM, Bitcoin, and every other cryptocurrency. The advantage about developing the Manna ecosystem is that it is a token that is given to people on a weekly basis. Other than signing up and adhering to the KYC rules, there is nothing else for one to do outside of referring people. The utility in the token is simple breathing. I like to call it the "Proof of Breathing" concept. Prove you are a unique human and you will get the tokens.
One of the reasons I am certain that the Manna project will be successful is because of a simple premise when it comes to money. People use whatever currency they have. The reason why the people in the U.S utilize the dollar is because that is what is deposited into their accounts. No American sat down to weigh the benefits of the USD versus the Euro and concluded that the dollar was better. It is simply a matter of spending what one has. The situation is the opposite in Germany. There, people are paid in Euros, so that is what they spend.
As the cryptocurrency market moves from the infancy stage, we will see more commerce done in tokens. This is where Manna is setting itself up to be in an ideal position. There is no limit to the number of people who are eligible for this project. With the number of wallets growing each week, we are seeing steps towards the setting the network effect into action.
With a goal is to create an ecosystem where individuals and organizations come together to help out each other and humanity. It is through giving that the human race moves ahead. Individuals in the world need the basic necessities and Manna is designed to help people get that. However, there are also fields of research, disaster relief, and other needs which financial resources are required. Bringing people together for such causes is another aim.
Finally, one of the most intriguing aspects of this program is the children's wallets that are going to be set up. For those old enough to remember, Gary Coleman made a lot of money as a child actor on Diff'rent Strokes. Even though the money was set up in trust, his parents burned through $8M leaving him broke. The wallet program from Manna is going to establish a weekly distribution to children. This is done so that when they reach adulthood, they will have some resources for things such as schooling. The advantage is that the blockchain will have programmed into it that the funds are not to be released until a certain date (the age of majority I imagine). This protects anyone trying to get at the tokens.
This is slated to go operational later in 2018. The nice part about this from an currency standpoint is that it does take tokens out of circulation for long periods of time. This means that all other tokens issued should appreciate in value compared to other currencies. While this looks like it will help those who invest in Manna, it really helps those most in need, the ones who are depending upon these tokens to help provide for some of the basic necessities. In the West, an extra dollar or two a week means nothing. Yet in some third world nations, this could be a couple of meals for a family.
I hope seeing some of the expanded view of what Manna is looking to achieve helps. It is a project I felt comfortable throwing my weight behind. It is a lot more than just providing a basic income to people. We are looking at an organization that is set on working towards uplifting all of humanity.
A bold initiative? Certainly. However in only three weeks of distribution, there were over 28K people who received tokens.
Let us all do our part to help it keep growing.
For those who have not signed up, there is a referral link below which will get you an additional tokens for the first year by using it. Also, if you are signed up, pass around your referral link. Together we can make this grow into a successful project.
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To receive the free basic income tokens you are entitled to and help end world wide poverty, please click the following: