The First Cryptocurrency With Unlimited Supply? The Cryptocurrency to Serve The Poor?

This could be one of the most interesting currencies unveiled this year. The South African project was designed to serve a large population as the total supply adjusted with the user count. The mission Project Ubu serves is to provide daily money to all its users daily. How much you ask? The current plan is to provide 5 USD worth of Ubu to each user at no cost. Project Ubu is primarily meant to help serve the people on the bottom of the economic pyramid. The developers see this coin being used to help those in need to buy basic essentials such as food, water, and other goods. From a technical standpoint, Ubu will use a private Ethereum blockchain, however it won't have a limited supply. The reason for not having a maximum supply is to simply insure the people who are in need of money are getting it. In simple terms, it was designed to prevent a small percentage of the user base to have possession of the majority of the currency. Whether you like this idea or not, they will be collecting data about you as you use Ubu which is valuable information to companies. "While this is not a goal of the Ubu Project, but a byproduct, it does offer another significant long-term investor benefit,” they say. This shows that if they plan to collect data over time about their users they are clearly reaching out to the masses. What do you think about this project? If you have any questions or would like to add on to this please feel free to comment below. Please upvote and resteem as it helps a lot. If you haven't already please do follow me as I post cryptocurrency news daily. Thanks and have a good one.

• Yursa

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