BioMatrix introduces PoY, World’s 1st UBI token with 60yrs Issuance Dedication

BioMatrix, an L1 blockchain wealth distribution platform geared toward offering a globally accessible UBI to everybody, is ready to launch the PoY token, marking a major milestone within the pursuit of common monetary inclusion. This launch aligns with the Beta unveiling of the BioMatrix platform at Token2049 in Dubai on April 17, 2024.

A Leap In direction of Common Fundamental Revenue with Blockchain

In an period of accelerating monetary inequality, BioMatrix introduces PoY (Proof of You), a revolutionary token that intertwines customers’ organic id with blockchain expertise, setting a brand new benchmark for Common Fundamental Revenue (UBI).

With PoY, BioMatrix isn’t simply launching a token; it’s a dedication by BioMatrix to leverage the potential of blockchain and AI applied sciences for the better good, selling a extra inclusive digital economic system the place everybody, wherever, can partake in safe wealth era.

The Essence of PoY

On the coronary heart of BioMatrix, PoY stands as a testomony to individuality and empowerment. Every PoY token is a novel illustration of the consumer, created from their BioID.

This course of not solely champions true decentralization but additionally ensures that the advantages of UBI (Common Fundamental Revenue) are straight and pretty distributed amongst customers. By means of the progressive use of AI and ML, BioMatrix simplifies the authentication course of, enabling customers to seamlessly obtain PoY tokens and take part in a broader financial ecosystem, addressing gaping inequalities in at present’s society.

Empowering Customers via UBI
BioMatrix commits to a 60-year issuance plan for the PoY tokens, fostering long-term engagement and steady ecosystem development. This sustainable strategy helps customers in academic pursuits, entrepreneurial ventures, and group initiatives, reinforcing the platform’s position in enhancing customers’ lives.

This units a precedent in sustainable UBI applications, encouraging early adoption and participation, and rewarding customers progressively.

Constructed on Sturdy Expertise

The PoY Chain, a proprietary Layer 1 blockchain developed by BioMatrix, exemplifies BioMatrix’s dedication to delivering high-speed, safe, and cost-effective digital transactions.  By integrating superior cryptography, akin to Zero-Information Proofs (ZKP) for enhanced safety, it ensures the privateness of consumer information with out compromising transaction validity.

This pivotal expertise not solely underpins equitable wealth distribution but additionally scales the Common Fundamental Revenue (UBI) idea, broadening its impression throughout numerous digital and real-world purposes. In doing so, it maintains a robust give attention to consumer privateness, marking a major stride in the direction of a extra inclusive and safe digital economic system.

Revolutionary Consensus Mechanism

BioMatrix units itself aside via the progressive Delegated Proof of Credit score (DPOC) consensus mechanism, rewarding members within the community for his or her contributions by assigning a “good credit score rating.” This strategy redefines and units a brand new normal within the blockchain panorama, providing a novel various to standard fashions like Ethereum’s Proof of Stake, and establishing a brand new benchmark for blockchain effectivity and equity.

Tokenomics: A Future-Proof Design

With a most provide of 21 billion PoY tokens, BioMatrix introduces a tokenomics mannequin designed for sustainability and development. This provide is strategically allotted as follows: 1 billion tokens are completely reserved for consumer sign-up bonuses, which intention to spice up preliminary engagement and participation within the ecosystem. Of the remaining 20 billion tokens, 80% (16 billion) are distributed on to customers, supporting the platform’s core initiatives and fostering energetic participation, whereas the remaining 20% (4 billion) are allotted to assist different sides of the ecosystem, akin to operational prices and developmental initiatives. First-stage early adopters stand to profit considerably from this allocation technique, receiving the best benefits via early entry incentives and a bigger share of the allotted sign-up bonuses. This ensures that their essential position within the platform’s early section is each acknowledged and adequately rewarded.

PoY is deliberate to be listed on a number of exchanges within the coming months main as much as the official itemizing in September. 

A Person-Centric Strategy

BioMatrix’s distinctive unlocking mechanism, the place consumer participation straight influences the supply of operational and reserve tokens, exemplifies a user-first philosophy.

This strategy not solely democratizes entry to blockchain and AI applied sciences but additionally aligns with BioMatrix’s imaginative and prescient of a extra equitable digital future.

BioMatrix and PoY are main the cost in mixing tech innovation with social duty, striving for a world the place expertise serves humanity.

Whitepaper and Extra Data:

About BioMatrix:
Based by Silicon Valley specialists, BioMatrix is devoted to reshaping monetary inclusion by way of the PoY token and Common Fundamental Revenue, utilizing biometric scans for safe, feeless crypto transactions. We intention to bridge monetary gaps and revolutionize wealth distribution globally. Our expertise stands on the intersection of Web2 and Web3, broadening the utility of cryptocurrencies.

Be part of us in our mission to democratize monetary entry, embodying our mantra: Construct your ID, Make investments your future, Personal your value.

BioMatrix is having an enormous giveaway now on their twitter, with 600 USDC up for grabs!
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