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1  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Overview of Universal Basic Income Crypto Projects [24 Projects Listed] on: May 18, 2019, 08:40:21 PM
About Manna: "According to the whitepaper, the vast majority of existing monetary base is held by the founders and close associates:

-19% directly by the founders

-36% donated to Mannabase, a company directly controlled by their foundation

-17% paid to "dozens" of developers and technical staff

Another 9% was mined into circulation, and there is a strong probability that the early miners and the founders are one and the same. A grand total of 6% was given away as UBI but they promise to give more away by a complex process that seems very centralized.

It's essentially a UBI-branded premine: if you make us filthy rich we promise to make the world a better place. Certainly a splash of color in a crypto space that seems to be dominated by those who exploit more basic human impulses."

https://news.ycombinator.com/item?id=16515112
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