Goal?
We want to solve a problem, which is the affordability crisis. Our goal is to increase wages and bring a larger amount of people out of poverty in the U.S. and around the world.
How?
We aim to raise the national median income by redistributing donated money to the bottom 50% of income earners in the United States. Using blockchain technology to produce receipts of these cash transfers to each individual's unique cryptocurrency address.
Catch?
We believe the most efficient, scalable and incorruptible way to achieve this goal is via a for profit company. But it is only fair that we establish this company with limits, because most successful businesses tend to chase profits over everything. We will instate 2 rules that the business can not break under any circumstance.
Rule number 1:
Fee cap: We cap our platform fee at 10%, stepping down to 5-1% after $100B processed.
Rule number 2:
Giveback: We allocate 90% of our non-fee business income to users each quarter.
Theory
We believe major economic downturns are often preceded by extreme imbalances in how purchasing power is distributed across an economy. During the Great Depression, approximately 25% of the U.S. labor force was unemployed, equity markets declined nearly 90% from their peak, and public trust in financial institutions deteriorated sharply. While many factors contributed, one of the defining features of the period was a systemic credit expansion. Households increasingly relied on leverage using borrowed money to purchase assets, goods, and housing in order to maintain living standards.
Historical data suggests that economies function most sustainably when consumer demand is supported by income rather than debt. When large portions of the population lack sufficient purchasing power, credit often fills the gap, increasing fragility across the system.