Project 1 Overview: World Citizen Fund

by coinewzealand

The World Citizen Fund (WCF) is a basic income program for which anyone in the world is eligible. The program is simply a Bitcoin wallet combined with an automated payment system. An applicant enters a wallet address, runs through a brief test to ensure they’re a human, and receive a weekly balance of Bitcoins. The total sum issued by the WCF in fiat currency would likely be small, and likely last for a period between one and two years, but could help those living in countries were $2 a day is a luxury to have. The fund itself would have a balance of Bitcoins that would run until all are expended, but donors would be able to contribute Bitcoins to renew this balance. However, the current site for the WCF is a work in progress. We’ll keep you posted.