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The Swift Protocol is an implementation of a Decentralized Autonomous Organization (DAO) that provides Universal Basic Income. The Swift currency is designed to be used as a transactional currency. It has been designed for low transaction latency, the ability to scale to thousands of transactions per second, low transaction fees, and dispute resolution for transactions. Income is distributed on a daily basis to all participants and represents a UBI. This paper is written to give a clear understanding of how the Swift Protocol works.
