Have you ever heard of the concept of Universal Basic Income? This a concept in which people receive a basic income which will be enough for their survival independently on if they are working or not. If you decide to work, you can receive even more money and, therefore, a better life.
The company that we will review today is trying to use the blockchain technology to give Universal Basic Income to people. The name of the company is Mannabase. Are you curious? Check our review.
What Is Mannabase?
The idea that drives Mannabase is to give free cryptocurrency to every person in the world. The company was founded because its creators believed in a more equitable and sustainable economic system which would have the capability of really being respectful to people and inclusive. From this, was born the idea to use cryptocurrency and the blockchain technology to turn into a reality.
Today, wealth disparity is on the rise. The wealthiest 1% owns more than half of the wealth in the whole world while a lot of people are basically starving and nobody is able to help them. Also, corruption and other factors make it impossible for the governments to solve these problems alone.
Finally, there is the growing problem of automation. Studies have predicted that over the next 20 years a huge share of jobs will risk being lost due to the automation of labor. This number can reach even 85% of the jobs on the poorest nations of the world from half the jobs of the developed nations. The numbers are tragic and this company is compromised in doing something about it.
Because of all these problems, the founders of the company, Eric Stetson, Jon Frechin and Brandon Venetta decided to use the blockchain technology to start a system which will, one step at the time, be able to solve this issue.
How Mannabase Crypto Blockchain Universal Basic Income Works
Mannabase will be both a cryptocurrency and a blockchain platform. It will be managed and distributed by a United States based charity organization (recognized by the government) and all the money created on the platform will be distributed evenly among the participants of the network.
They will be able to store this money in a personalized cryptocurrency wallet and to fast, transparent and secure transactions anywhere in the world to any other place. The transactions made on Mannabase platform will be borderless. By using P2P technology, the company will eliminate the profits of the middlemen like financial institutions and be able to give more money to its users.
This company was fully launched at the beginning of 2018 and it intends to keep distributing money and improving its platform to be constantly better and help its users to have a better life.
How To Invest In Mannabase MANNA?
As you might have guessed, there is no way to “invest” in Mannabase, as the tokens are “free” and you only need to register on the platform to receive them without any problem, as they are part of the Universal Basic Income system created by the company.
The way to make more money using Mannabase is by getting referrals. Every person that you refer will make you earn a certain bonus.
Should you invest in Mannabase or it would be better to not even bother? That is a hard question because it is difficult to predict how well this company will do in the future and this is a very important point if you want to know if taking your time to apply for tokens is a good idea or a complete waste of your precious time.
While the idea of the company is very interesting, it does not really sell anything or gets a lot of money, so there is a great possibility that the tokens of this company will not be really valuable after some time, which makes it way less interesting for you to “invest” in Mannabase. On the other hand, by registering you are basically earning free money, so why not?
The decision is yours. Our verdict is that there are not many chances that this company will be one of the greatest cryptocurrency players of the future, but if you like free tokens (Even if they are not worth a lot of money), then it can be a good idea to register in the site.