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.
Unconditional basic income is intended to more equitably allocate resources and provide greater opportunities for development, regardless of social status, age, gender. In its essence, this model allows a person to do what he wants in life, having the necessary and sufficient income for existence.
Token based on ERC20 platform
Attention. There is a risk that unverified members are not actually members of the team
$5 755 995
It is not clear if the project is an ongoing one. Last posts on Facebook and Bitcointalk are from the end of 2017. There is no final version of the White Paper, only a very short draft on GitHub. There is almost no information on the website. Weaknesses: no financial plan/projections, no marketing plan, no social media activity, no advisors, no roadmap, most team members don’t have LinkedIn profiles and many other.
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