Grantcoin - Universal Income Grants
Recently I've learned about Grantcoin which is very soon rebranding as Manna.
WHAT IS GRANTCOIN
Grantcoin is the first cryptocurrency that is distributed into circulation primarily as a universal income grants to anyone that participates.
10 billion Grantcoin have been created which is over 95.5% of all Grantcoin that has been created.
The remainder is being created through mining to reward users maintaining the Grantcoin public ledger.
Anyone can apply for the Grantcoin basic income grant which 80% of all Grantcoin or 8 billion which is to provide a basic income to anyone that participates. This is to be released quarterly over the next 50 years.
Each year they plan to release 3.5% into circulation through these grants.
These grants are released quarterly and the next grant is to be issued sometime in autumn 2017.
Grantcoin is currently priced at $0.001 it's not much but with more participation Grantcoin will rise in price and participation is free.
You can sign up for a Grantcoin here Grantcoin universal income
What have you got to lose?
The only problem is they are rather slow to grant approval. I'm still waiting with a week and a half now, maybe because they are busy with the rebranding.
Note: an exciting recent development in Grantcoin is the ability to use it to purchase shelf-stable food online. It's called GRT Mart.
I didn't know about that, thanks
You're welcome. Also, you might want to edit this post to change "loose" to "lose". ;)
Thanks haha
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I'm painfully skeptical. So, applying...
Good to see this post about Grantcoin. I'm a recipient of payouts from Grantcoin, and am following the project with great interest. There's immense potential in Grantcoin, and I look forward to seeing more discussion about it on Steemit.