Universal Basic Income UBI price:

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Universal Basic Income (UBI), represented by the symbol UBI, is a cryptocurrency project associated with Proof of Humanity, aiming to explore and implement concepts related to universal basic income through blockchain technology. Proof of Humanity is a system that combines social verification with cryptographic tools to establish that registered individuals are unique and living human beings. The UBI token is intended to be distributed to verified humans within the Proof of Humanity ecosystem. This distribution mechanism attempts to provide a basic income stream to participants, aligning with the broader concept of UBI which seeks to provide a regular, unconditional income to all citizens. The project leverages Ethereum's blockchain to ensure transparency and immutability in its processes. By establishing a registry of verified humans, the project attempts to address challenges like sybil attacks, where a single entity creates multiple fake identities to gain an unfair advantage. The UBI token’s distribution model is designed to incentivize participation and verification within the Proof of Humanity network, fostering a community-driven approach to identity verification and income distribution. The project's success hinges on the continued growth and integrity of the Proof of Humanity registry and its ability to attract and retain users. The UBI cryptocurrency represents an innovative approach to social and economic challenges, exploring the potential of blockchain technology to facilitate universal basic income and secure digital identities. It is part of a broader movement to create more inclusive and equitable economic systems using decentralized technologies.

Universal Basic Income is a token and it means it is a cryptocurrency, which based its activities on the blockchain of other cryptocurrencies such as Ethereum Blockchain or EOS Blockchain. Examples of Tokens: Chainlink, OmiseGo, 0x.

What is the value of Universal Basic Income coin?

1 Universal Basic Income is worth $0.000136.

To get price and historical data for Universal Basic Income coin, use API ID: ubi-universal-basic-income for endpoints at http://api.coinpaprika.com.