[ANN][AMA] Baza Foundation Token (BAZ) ~ AMA #1 with team ~ 17:30UTC-4 Mar 26th

[puffmushroom]

[ ANNOUNCEMENT ] [ ASK ME ANYTHING ]
Baza Foundation Token (BAZ)
AMA #1 with Team
17:30UTC-4 Mar 26th
2 hour AMA

Mission: Baza Foundation is a digital platform built with the objective of re-imagining a nonprofit organization by adapting the principles of basic income, smart contracts, and secure ledger technology. Because everyone needs a basic foundation.

#1(Speaker) M. Andrew Witham , Founder / CEO
#2(Moderator) Laura J
#3(Team Present)
Prasanta Kakati , Backend Developer
Sharad Kant , Marketing and UI/UX Designer

AMA Topics

• History      
• Mission      
• Platform    
• Pre-ICO      

Pre-ICO Details: Scheduled for March 31st 06:00 ~ April 30th 23:59
Our platform is built to be donor centric. We will be setting a percent of each donation and allocating it to a development fund. The Foundation will then offer some of these funds as buybacks on the exchanges at the pegged Baza ( BAZ ) value. We are launching our Pre-ICO fundraiser of 1.5M USD by offering investors a limited 50% off bonded token sale of BAZ. Tokens sold beyond 1.5M USD amount will be at 35% off until end of sale date at a hard cap of $150M USD. Private sales offerings are an additional 10% bonded for anything over 10k USD.

Before participating we encourage everyone to do the following.

1) Create an account and explore our website features: https://baza.foundation/signup

2) Read our White Paper: https://baza.foundation/dl-whitepaper

3) Watch our introduction video: https://baza.foundation/public/videos/Baza%20Intro.mp4

4) Join us here on bitcointalk: March 26th 17:30UTC-4 for a 2 hour AMA

Note: Any questions leading up to the AMA feel free to inquire on our Baza Foundation Offical Telegram Channel https://t.me/bazafoundation

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[puffmushroom]

AMA has started, please post your questions.

[enlyven]

M. Andrew Witham is a visionary and the founder of the Baza Foundation. He has been involved with the basic income movement since 2012 after discovering the European initiative for basic income.  He is currently a member of the U.S. Basic Income Guarantee movement. Part of his vision is to adapt secure ledger technology combined with principles of basic income to provide a basic foundation for recipients. 
What does Baza Mean?

[puffmushroom]

Baza is Esperanto for the word basic, hence basic foundation. Esperanto is a spoken constructed international auxiliary language created to foster peace and international understanding. The word 'Esperanto' translates to 'one who hopes'.

[puffmushroom]

Anyone is eligible to register for the distribution, we at Baza Foundation believe no matter your social status or income level you are eligible. The only requirement is proof that you are a real person as determined by a verifiable e-mail, phone number and photo document.  As the foundation grows, terms of verification are subject to change

[enlyven]

I was reading on the website that the focus of Baza Foundation was on the Donor? Can you explain what you mean by that?

[puffmushroom]

I was reading on the website that the focus of Baza Foundation was on the Donor? Can you explain what you mean by that?

Good question, Historically past basic income programs focus heavily on recipients. When in today's reality, it is equally important to focus on the Donor. We at Baza Foundation recognize there are many donors who want help society improve, but they are in search for a new secure way to take action. We want to provide a secure method for donors to give directly to recipients in need. With the goal of having less administration costs and overhead so a greater percent of the donation is applied.

[puffmushroom]

How does the distribution work?

When donations reach the amount of 2 USD per recipient, donation plus administration fee + development fund + processor fee, then the distribution will take place. The next distribution is based on the total new recipient signups plus the current ones. Anyone who signs up after will have to wait for the next distribution.

[enlyven]

How does the distribution work?

When donations reach the amount of 2 USD per recipient, donation plus administration fee + development fund + processor fee, then the distribution will take place. The next distribution is based on the total new recipient signups plus the current ones. Anyone who signs up after will have to wait for the next distribution.

Please clarify how much does a recipient actually receive when donations reach the said amount of 2USD? Will it be enough to provide a basic income for an individual in the USA?

[puffmushroom]

Do you plan on targeting specific areas in the world?

We plan to initially target India, as specified in our white paper in addressing world poverty levels. India registered everyone in their Aadhaar national ID system https://en.wikipedia.org/wiki/Aadhaar, which provides a way to verify that a recipient is a real person.

[sharadkant]

question": "Is your platform decentralized?

[puffmushroom]

question": "Is your platform decentralized?

At present it is not, however pending the success of our pre-ico scheduled to start Msrch 31st 2019 this will provide the funding needed to work on completely decentralizing the platform.

[enlyven]

What is your pre-ico fiscal policy?

[puffmushroom]

What is your pre-ico fiscal policy?

We are offering investors a limited 50% off bonded token sale of BAZ for our first fundraiser. Since our platform is built to be donor centric, we will be setting a percent of each donation and allocating it to a development fund. The Foundation will then offer some of these funds as buybacks on the exchanges at the pegged BAZ value. Any unsold soft cap tokens of 15000 BAZ ( 1.5M USD ) will be burned.

[enlyven]

Thank you Andrew for taking the time to respond to our inquiries. This thread will remain open until March 31st, 2019 with intermittent replies.  For more immediate responses please visit the Baza Foundation's official Telegram chat at https://t.me/bazafoundation

[puffmushroom]

M. Andrew Witham is a visionary and the founder of the Baza Foundation. He has been involved with the basic income movement since 2012 after discovering the European initiative for basic income.  He is currently a member of the U.S. Basic Income Guarantee movement. Part of his vision is to adapt secure ledger technology combined with principles of basic income to provide a basic foundation for recipients. 
What does Baza Mean?

Baza is Esperanto for the word basic, hence basic foundation. Esperanto is a spoken constructed international auxiliary language created to foster peace and international understanding. The word 'Esperanto' translates to 'one who hopes'.

[Tohelo101]

Great time to mine some baza low dificult