Meta Earth UBI: Income for Every ME ID - Meta Earth - Medium
July 22nd, 2024

In 2020, Alex Blania and Sam Altman discussed the idea, “What if there was a way to distribute shares of digital tokens for free to everyone on Earth?” Under this concept, Worldcoin was born with the idea of “UBI.” In the crypto industry, which inherently values “freedom and equality,” it is not just Worldcoin working alone. Meta Earth, aimed at enhancing human happiness and promoting ecological sustainability, also carries its vision to deliver inclusive finance to every corner of the globe, ensuring income for every ME ID.

UBI in the Real World

Before understanding Meta Earth, it’s essential to grasp what UBI is. UBI stands for Unconditional Basic Income, which, simply put, is the practice of distributing money to the population regularly without discrimination to address social and economic issues such as the wealth gap and inflation. Unlike private charity and common welfare policies, which provide varying amounts of financial assistance to certain “needy individuals” and often target families, UBI’s distinctive feature is that it does not differentiate among people. It is centered on individuals, with everyone regularly receiving the same amount of money for free.

Let’s briefly discuss some of the advantages of UBI.

1.Providing Basic Security for the Public

UBI can offer the public basic living security, which not only helps eliminate poverty but also indirectly grants individuals the power to make autonomous choices about their work, life, and overall existence.

2.Increasing Purchasing Power and Triggering a Series of Positive Effects

The implementation of UBI means that the public will have more disposable income, which can stimulate demand, enhance purchasing power, and in turn, increase supply. Increased supply can create more job opportunities and reduce unemployment rates.

3.Improving Financial Market Liquidity

With UBI as a safety net, individuals will be more willing to engage in financial market investments and financial management, thereby enhancing the liquidity of currency and the overall financial market.

While UBI appears promising, it also presents several challenges: governments or organizations need to bear high costs, it is often constrained by nationality and cannot be implemented globally, and it may foster a culture of unearned income.

What is Meta Earth UBI?

Meta Earth UBI is a basic income provided by Meta Earth to ME ID users to enhance human happiness. Through the trusted, fair, and transparent economic credit system built on the ME (Meta Earth) Network, the economic benefits generated by Meta Earth are extended to everyone globally.

So how can ordinary people obtain Meta Earth UBI?

Everyone can join Meta Earth and receive UBI. First, you need to register for an ME Pass and submit the required information to complete KYC (Know Your Customer). After that, you can mint an ME ID, which serves as your identity credential in the Meta Earth world. Although KYC is required, there’s no need to worry — Meta Earth cannot access user privacy data like traditional institutions. It pre-encrypts all KYC data, significantly protecting user privacy.

Once you have your ME ID, you will receive the following UBI:

  1. Permanent MEC Stake: The ME (Meta Earth) Network will reward you with one permanently staked MEC, providing you with a continuous, unconditional basic income on the blockchain. The first-year yield is as high as 25%, and you can receive MEC daily.

  2. Monthly Distribution During Public Testing: During public testing (2024/4/17–2025/4/16), you will receive 0.1 MEC from the Node Treasury every month.

  3. Check-In Rewards: Additionally, during the public beta period, you can earn 0.1 MEC by checking in for 25 days each month.

Of course, UBI is just a part of Meta Earth’s welfare system. You can explore more on ME Pass and participate in other activities to earn more MEC rewards. For instance, you can join on-chain node communities to earn MEC and participate in node incentive programs offered by various node communities. By authorizing through ME Pass, you can qualify to join and easily earn node MEC rewards worth thousands or even tens of thousands of USD each month.

The Great Value Potential of MEC: The Earlier You Participate, the Greater the Benefits

Although the amount of MEC rewards may seem small, its underlying and potential value is enormous.

Meta Earth’s native token, MEC, has no pre-mined supply and no pre-sale MEC. All circulating MEC can only be obtained through staking or related activities, 100% generated by node community users. The more users grow, the more circulating MEC will be produced, which is the fundamental consensus to ensure MEC’s value stability. Additionally, MEC production adopts an annual halving deflationary mechanism, causing the circulation growth rate to slow down over time.

Moreover, MEC has a wide range of applications, including staking for validation nodes on ME Hub, executing transaction Gas, and data storage fees. As the ME (Meta Earth) Network ecosystem develops in the future, various Rollup Sequencer staking and transaction Gas fees will rapidly increase the demand for MEC.

Simultaneously, the free on-chain UBI not only leads to explosive growth in Meta Earth’s user base but also, with the deflationary production mechanism, results in decreasing MEC output year by year. As ecological applications on the ME (Meta Earth) Network continue to expand, the demand for MEC usage will also grow explosively. This increase in demand and decrease in supply will create infinite possibilities for MEC’s value growth. Therefore, joining Meta Earth will bring you benefits beyond your imagination.

Conclusion:In the early days, people often referred to Bitcoin as a “social experiment,” a decentralized, borderless competitive currency that challenged traditional centralized government-issued currencies. Compared to Bitcoin, Meta Earth UBI is a bolder and more meaningful social experiment, providing more practical living security for the broader population and creating a world geared toward a “better future life.”

About Meta Earth

Meta Earth (ME) is based on a modular, high-performance, infinitely scalable multi-dimensional fusion underlying value network — ME Network, which supports the high-concurrency big data processing needs of traditional industrial applications.

And through an encrypted DID (Decentralized Identifier) system — ME ID & ME Pass which can effectively protect user privacy data, and a co-construction & co-governance mechanism which can fully reflect personal sovereignty and equality for all, as well as an economic model which can guarantee UBI (Unconditional Basic Income) without any distinction, Meta Earth is fully dedicated to enhancing happiness for a better life and maintaining ecological balance to promote sustainability.

If you want to receive more airdrops or rewards, please download the ME Pass and complete the KYC. See the details in the image.

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