What is Purpose?
Purpose is a token built on the ERC-20 Token Standard that allows people to contribute to its altruistic objectives by holding it. Its primary feature is its ability to generate a second token called DUBI (Decentralized Universal Basic Income) that is supported by a large community of activists as well as an independent group of volunteer developers who work together towards increasing DUBI’s value, in preparation for eventually gradually distributing it among in developing regions first and, in the best case scenario, the world’s population. Distribution is to be facilitated on-chain with an allowance contract that grants each beneficiary DUBI at a specific rate, a process that also incorporates optional automated taxation for government compliance.
Purpose was initially only distributed for donations not towards its creator but towards charity and/or the above-mentioned volunteers who are collaborating on initiatives that support Purpose. The initial limited fundraising was conducted through our Twitch.tv livestream where, at Athene’s discretion, tokens were reserved for donors who support the project. While both Purpose and DUBI were launched as utility tokens and have no initial intrinsic value, non-charity donations may end up being partially allocated to a voluntarily maintained buy-wall that maintains and supports DUBI's value on exchanges.
