Free Swift Demand Tokens -Income experiment-Cool idea I wanted to share.steemCreated with Sketch.

in #bitcoin7 years ago

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What is Swift Demand?

Swift Demand is a basic income experiment. Each user who is signed up for the service receives 100 coins each day. No additional coins can be created with time or resources. No user can gain any other 'advantage' when it comes to acquiring coins.

How Else Can I Get Coins?

Additional coins can temporarily be generated through referrals and confirming information. After 5,000,000 users have been reached these bonuses will disappear and income generation will be the sole source of new coins.

What Is Basic Income?

Basic income is a concept where all people in a specific group are given a fixed amount of unconditional income. Ideally basic income should reduce poverty and help decrease the wage gap between the rich and the poor improving the quality of society.

Is This Similar To Bitcoin?

Bitcoin is decentralized Peer to Peer currency. SwiftDemand is centralized currency focused on the concept of basic income as the primary source of the coins. They are both online currencies, but have different goals and ideals.

How Do I Send Coins?

Coins can be sent by going to your account page and typing in the Swift ID of the person or business you wish to send coins to as well as the amount of coins you wish to send. Simple click 'Send' and the transaction will be complete.

Are There Any Costs Associated With Sending Coins?

Each transaction has a 3% fee as well as a 2 coin fee. The fee is used to support the development of Swift Demand, pay for the costs associated with hosting and supporting the service, and allow us to provide protection for users or businesses that were deceived during a transaction.

Will Everyone Always Get 100 Coins?

The number will very likely stay at 100 for a long time, but eventually it will increase. The rate of increase will eventually be set to a healthy inflation rate that is in line with the concept of basic income.

Why Do I Need To Actively Claim My Coins?

Actively requiring users to claim coins lets Swift Demand ensure the user is both alive and wishes to obtain their daily allowance. It also requires users to be actively engaged with Swift Demand and encourages them to use their income regularly.

Is There A Limit To How Many Unclaimed Coins I Can Have?

Yes, the current limit to unclaimed coins is 7x the daily allowance of 100 Coins. This means that if you can't go over 700 unclaimed coins and will be unable to gain more unclaimed coins until those are claimed.

What Is The Current Bonus Structure?

We expect to discontinue the bonus program when the service reaches around 5 million users. Anyone who refers a friend will receive 500 bonus coins in their account. Email Confirmation, Phone Confirmation, etc… also give you bonus coins (Currently set to 100 bonus coins). These offers will eventually expire, but warning will be given before expiration occurs.

Are Coins Tied To Real World Currency?

No, Coins are not tied to real world currency in any way and do not represent a specific amount of currency or value of any form. Coins are only worth as much as someone else is willing to pay for them.

You can sign up here-https://www.swiftdemand.com/users/sign_up?referred_by_name=ebark954

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This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond

That's right everyone should join because they wont be giving away free coins for long and who knows what the initial value could be.

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