For the first time in history, blockchain provides you with a basic daily income for life. Think about it, multiple services paying basic income in cryptocurrency every day. This is huge right?
Basic Income in Cryptocurrency is making huge steps against poverty by transforming our economy into a more democratic way through decentralization. Governments are playing the role of legal thieves by collecting insane taxes (see Greece), every single one of them has failed to provide a basic income for their residents, proven unreliable over the years and driving economy inflation to an all-time high.
What is SwiftDemand
SwiftDemand is an experimental platform I am using for some months now without any issue. The concept is straightforward, basic income, or – passive income as I like to call it.
Each user received 100 Tokens per day or up to 3100 Tokens per Month. The amount is fixed and it won’t change. In the long run, SwiftDemand is creating a democratized community of wealth by bringing down the gap between wages.
Swift Tokens has no value at the moment outside the SwiftDemand Ecosystem.
Swift Demand Features Review:
Swift Demand is meant to be used as a currency that will bring us the first working basic income project. Below I am highlighting some of the main SwiftDemand Ecosystem Features.
- Identity Providers. SwiftDemand citizenship is generating using the blockchain.
- Universal & unique account for all of the ecosystem services.
- Delegated Nodes as elected officials who are in charge of creating new blocks and maintaining the network.
- Voting functionality and complete transparency in SwiftDemand Network.
- Marketplace to buy and sell services using Swift Tokens
How Swift Demand Basic Income Project Works
Every platform user has to complete basic KYC requirements including verification of mobile number. Government ID is not mandatory.
As I stated earlier, each user gets 100 Tokens per day, you only have to log in once a week and collect the week’s payment. If you don’t log in within a week, you are losing money, the amount of total Tokens received at once is 700. In other words, if you haven’t claimed your tokens for 2 weeks, you will still receive 700.
Supply is endless, I don’t believe that this is good, since crypto supply is a big deal for price increase but SwiftDemand plays a different card here. There are plans to deny new users registration once the platform reaches 5 Million Users and the only way to receive new tokens will be using their system. (No reward for referrals as of that day)
Conclusion on SwiftDemand Project
The concept of basic income is getting more and more popular as the time goes by. Eventually millions of people will support this type of projects to change their daily life and bring value to society. SwiftDemands, even as an experimental project seems legit and progress is being made every day since I first used the platform. Maybe the experiment will fail, maybe it will get so popular that those 100 Tokens a day will worth much more than you can imagine. Time will tell, I’m optimistic about this one.