UBI demonstration model by World Liberty Financial (WLFI)

General
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UBI demonstration model by World Liberty Financial (WLFI)

Summary
  1. Summary

World Liberty Financial (WLFI) is an advanced financial project designed as a demonstration model for Universal Basic Income (UBI) using blockchain technology. This project aims to realize direct benefits to individuals, stabilize value, and ensure transparency by combining government bond tokens and stable coins.

  1. Basic concept

• UBI government bond token: Digitize the concept of government-issued government bonds and tokenize them on the blockchain. Guarantee the transparency and reliability of the funding supply.

• Stablecoin (USD1): A digital currency distributed directly to personal wallets by an institution equivalent to a central bank. Backed by the US dollar, ensuring the stability of the value.

• Burn (incineration) mechanism: By burning tokens after UBI benefits, inflation is suppressed due to oversupply and the value of stable coins is protected.

  1. Technical foundation

• Blockchain: A distributed ledger ensures the transparency and fraud prevention of all transactions.

• Smart Contract: Programming the automatic execution of UBI benefits and burns. Eliminate centralized management and realize efficient capital circulation.

• Wallet management: Through a wallet that individuals can directly control, it enables immediate benefits and money management.

  1. Social significance

• Poverty reduction: Poverty and financial exclusion are eliminated by directly obtaining a livelihood for everyone.

• Improved transparency: Visualize all financial management and benefit status on the blockchain.

• Pre-institution implementation: As a private-led demonstration model, it will serve as a reference for future UBI institutionalization at the national level.

  1. Future outlook

• Cooperation with countries and international organizations: Contributed to the introduction of UBI by each government and the construction of an international basic income network as a success story.

• Impact on the economy and society: Reducing poverty and inequality, promoting financial inclusion, and supporting the fair distribution of resources and wealth.

• Sustainable capital circulation: The circulation of token supply, burn, and benefits forms a sustainable digital economic foundation.

  1. Conclusion

As a demonstration model of UBI, WLFI simultaneously realizes direct benefits, value stabilization, and transparency security using crypto asset technology. This project can be an advanced testing ground for aiming for a future society without poverty, discrimination, and financial exclusion.

The FRB receives government-issued UBI stablecoins, the government receives FRB-issued currency and distributes UBI.

The government issues government bonds within the government, and the government issues stable coins.

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