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BIG Foundation

Ended
Ended: Nov 1, 2018

BIG (Basic Income Guarantee) is a concept of unconditional basic income implemented using blockchain technology.

Platform of unconditional basic income implemented using blockchain technology.

BIG (Basic Income Guarantee) is a concept of unconditional basic income implemented using blockchain technology. The goal of BIG is to create a system that provides all participants of the system with unconditional basic income and at the same time allows to produce, buy and sell any goods and services within the system.

The BIG system is based on the theory of unconditional basic income, according to which every user of the system receives income without any conditions (for free). Since the development of the economy depends entirely on the purchasing power of the population, the introduction of basic income is aimed at increasing consumer demand and stimulating the growth of the economy in general.

A concept of unconditional basic income implemented using blockchain technology.

Basic Income Guarantee

Website

big.foundation

Not Verified

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ICO Details

Ticker Symbol:
BIG
Platform
Ethereum (ERC20)
Accepts:
ETH
Soft Cap:
1,000 ETH
Hard Cap:
50,000 ETH or 50,000 ETH
Country:
Russia
Total supply
5,000,000 BIG

Public Crowdsale

Ended
Date Sale:
Oct 12, 2017 — Nov 1, 2018 @ 385 days

Token distribution

Разработка 100.0%

ICO Overview

About BIG Foundation The BIG system is based on the theory of unconditional basic income, according to which every user of the system receives income without any conditions (for free). Since the development of the economy depends entirely on the purchasing power of the population, the introduction of basic income is aimed at increasing consumer demand and stimulating the growth of the economy in general. The issue of BIG tokens is connected with the number of user's wallets and takes place on a daily basis. That is, every day the system issue 1 token per registered wallet. Each new wallet increases daily emissions by 1 token. The emission is distributed among the participants of the system evenly. Any user will be able to sell and purchase goods and services using BIG tokens. At the same time, with each transaction, a commission is charged, which helps to maintain the system. Commission from each transaction (10%, so called consumption tax) pays for the work of miners, and is also distributed among all users of the system in equal shares. This distribution reduces the size of daily emissions. If the volume of commissions from transactions reaches the level of emission, then the wallets of users will be topped up exclusively at the expense of these fees. If the amount of commissions starts to exceed daily payments by wallets, then the surplus will also be distributed among all participants of the system and, thereby, increase the unconditional basic income.

BIG (Basic Income Guarantee) is a concept of unconditional basic income implemented using blockchain technology. The goal of BIG is to create a system that provides all participants of the system with unconditional basic income and at the same time allows to produce, buy and sell any goods and services within the system.

Telegram members

Hype ICO Stats

Team

Eugene Prigornitskiy
Backend Developer, Mobile developer
Aleksandr Vasilev
Data Scientist, Mathematician, Data Analysis Specialist
Vitaliy Mengeshev
COO
Sergey Morozov
Backend Developer
Peter Gashitsky
Designer
Sergey Miheev
System administrator and architect
Sergey Ryabov
CEO
Roman Travnikov
React/Redux Frontend development
Sergei Riabov
CEO, Founder
Dmitriy Bereznitskiy
CTO
Alexander Kholodnykh
Backend developer

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