Customizable Basic Income
ICO LIVE NOW ends October 29, 2017
Bitcoin Community,
We are so excited to announce the ICO for a project we've been working on and are looking forward to any feedback you might have.
Primary InfoWebsite:
http://www.customizablebasicincome.comICO Details:
http://www.customizablebasicincome.comTwitter:
https://twitter.com/cbiprojectExplainer Video: https://youtu.be/ai3VgSKInEAWhitepaper:
http://www.customizablebasicincome.com/CBI%20Whitepaper%20(Final).pdfBounty Thread:
HereQuick OverviewToday, social initiatives are highly inefficient to run. It is often the case that a minority of funds used to implement a welfare or relief campaign actually end up serving the intended recipients. In addition to being inefficient, this can create a host of value alignment problems. CBI aims to solve this issue by replacing the bureaucracy associated with these structures with a programmatic, trustless interface.
While campaigns running on CBI serve a wide variety of purposes and be of highly variable scale; they will always follow the same general pattern. Originators will instantiate a new campaign, provide funding to it, set the parameters for recipients to receive money (i.e. If a person can be verified to be in X location and have Y attributes, they should receive Y amount of compensation). This state data will be stored in smart contracts such that when it is confirmed by verifiers (either manually or through computation); funds are automatically released to the intended recipients.
In the future, we can see this being used to implement something as broad-scaled as Universal Basic Income (which inspired our name), but this is generally not our initial focus. The real strength of CBI is in enabling campaigns where the originator is attempting to do one of two things:
1. Target a very specific group of people, for example:
-‐‑ Those impacted by an evacuation order due to calamity
-‐‑ People of a certain age bracket in a given neighborhood
-‐‑ Members of an organization
2. Have the funds in their campaign act as an incentive to motivate some desirable behavior:
-‐‑ Paying citizens to reduce power usage during critical times to avoid brownouts
-‐‑ Rewarding achievements, such as in the case of scholarships which under the current system go
largely unused
-‐‑ Incentivizing the protection of environmentally sensitive areas by adding a cash value to their
preservation
These examples are by no means exhaustive, and the types of initiatives that can be implemented are bounded only by the vision of our users. As the platform matures, the types of conditions that can be applied will continuously evolve.
Crowdfunding OverviewThe Customizable Basic Income (“CBI”) token is a fundamental building block of our ecosystem. Use of the platform will require payment in CBI to execute campaigns and verifiers will receive payment in CBI for their contributions to the ecosystem. CBI will only be created during the crowdfunding period, no other tokens will be created or mined at any point in the future.
The CBI Token is built on Ethereum to commonly accepted standards. It is compatible with commonly used wallet software such as the official Ethereum Wallet.
-‐‑ Maximum number of tokens created during the crowdfunding period:
o Total: 20,000,000 (100%)
o Crowdfunding: 16,000,000 (80%) o CBI Team: 3,500,000 (17.5%)
o CBI Bounty Program (2.5%)
-‐‑ Sending 1 ETH to crowdfunding address will create 1,000 CBI
-‐‑ No other token creation or mining will occur at any time after the crowdfunding period
-‐‑ Tokens are transferable after crowdfunding.
Crowdfunding Address can be found on our website.Thanks so much and look forward to any and all feedback or questions!
James Connolly, Founder
Customizable Basic Income (CBI)
