× Discover Full List Submit
ICO List
BIG Foundation ICO list

BIG Foundation

"BIG (Basic Income Guarantee) is a concept of unconditional basic income implemented using blockchain technology."( BIG )
OpenICO Street Rating: 2.4 / 5 Period: 12 October 2017 to 1 November 2018 Duration: 385 DaysEnds in: 163 Days
The BIG system is based on the theory of unconditional basic income, according to which every user of the system receives income without any conditions (for free). Since the development of the economy depends entirely on the purchasing power of the population, the introduction of basic income is aimed at increasing consumer demand and stimulating the growth of the economy in general.

The issue of BIG tokens is connected with the number of user's wallets and takes place on a daily basis. That is, every day the system issue 1 token per registered wallet. Each new wallet increases daily emissions by 1 token. The emission is distributed among the participants of the system evenly.

Any user will be able to sell and purchase goods and services using BIG tokens. At the same time, with each transaction, a commission is charged, which helps to maintain the system. Commission from each transaction (10%, so called consumption tax) pays for the work of miners, and is also distributed among all users of the system in equal shares. This distribution reduces the size of daily emissions. If the volume of commissions from transactions reaches the level of emission, then the wallets of users will be topped up exclusively at the expense of these fees. If the amount of commissions starts to exceed daily payments by wallets, then the surplus will also be distributed among all participants of the system and, thereby, increase the unconditional basic income.

Search trends
Discover more
DataBroker DAO ICO list
4.6DataBroker DAO Global market for local data
Timeline: Mar 19, 2018 to May 26, 2018
Ends in 4 Days
Smoke ICO list
4.6Smoke The first social cannabis DApp created to reward users.
Timeline: Apr 20, 2018 to May 25, 2018
Ends in 3 Days
The 4th Pillar ICO list
Timeline: Apr 5, 2018 to Jun 5, 2018
Ends in 14 Days