To make it more attractive to become a Nation3 passport holder, we can introduce a type of Universal Basic Income (UBI) for Nation3 citizens.
This is a proposal to spend 0.086% of the total
$NATION supply on building a Basic Income for Nation3 Citizens (“N3BI” for short).
The proposal builds upon the thoughts already published in UBI as a public good - or unleashing human creativity
- All 420
GENESISpassport holders will be eligible to receive Basic Income for Nation3 Citizens, even if their citizen activity is zero (a perk for being an early supporter).
- For the
STANDARDpassports (ID > 420) however, only active citizens will be eligible to receive Basic Income for Nation3 Citizens.
- The income token used in the smart contract will be
$WETH, and will initially be funded by fee revenue from the Nation3 Court system.
Metric: Number of active citizens.
Current metric: 16 citizens voted in the last Snapshot proposal (N3GOV-17).
Goal: Grow to 50 active citizens by the end of Q4 2022.
Implementation of this proposal will produce an incentive for citizens with
STANDARD passports to be active, so that they can become eligible to receive the basic income.
- Code smart contract and UI where Nation3 citizens can view and claim their basic income.
- Code smart contract for getting a citizen’s activity (NationCred rank).
- By end-October:
- Deploy N3BI smart contract on Goerli.
- Deploy version 1 of the NationCred smart contract on Goerli.
- Start user testing of UI.
- By end-November:
- Update UI to visualize stats like total number of citizens receiving basic income, etc.
- Deploy version 2 of the NationCred smart contract on Goerli.
- By end-December:
- Deploy N3BI smart contract on Mainnet.
- Deploy version 3 of the NationCred smart contract on Mainnet.
Note: The NationCred smart contract can be updated/replaced in the future. This means that we can continue to tweak what it means to be an active citizen, even beyond the completion of this 3-month project.
Q4 2022 (October, November, December). Start date: October 1st.
$NATION tokens (0.086% of the total supply).
$NATION tokens per month
$NATION tokens per week
Who will implement this quixotic idea?
Should Nation3 fund this proposal to introduce a Basic Income for Nation3 Citizens?