BIG Foundation - Basic Income Guarantee

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.

STO/ICO Status

Status
Successful
Symbol
BIGF
Start Date
2017-10-12
End Date
2018-11-01
Soft Cap
1,000 ETH
Hard Cap
50,000 ETH
Initial Price
0.01 ETH
Token Supply
...
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Basics

PlatformEthereum
TypeN/A
AcceptingETH
Circulating SupplyN/A
KYCN/A
Restricted AreasN/A
HomepageWebsite URL
White PaperView/Download

Bonus

  • from 100 ETH - 10%
  • from 500 ETH - 20%
  • from 1,000 ETH - 30%
  • from 5,000 ETH - 40%
  • from 10,000 ETH - 50%

About

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 one 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.

Team View All

Sergey Ryabov
Sergey Ryabov
CEO
Dmitriy Bereznitskiy
Dmitriy Bereznitskiy
CTO
Vitaliy Mengeshev
Vitaliy Mengeshev
COO
Aleksandr Vasilev
Aleksandr Vasilev
Data Scientist, Mathematician, Data Analysis Specialist
Sergey Morozov
Sergey Morozov
Backend Developer
Eugene Prigornitskiy
Eugene Prigornitskiy
Backend Developer, Mobile developer