Manna: Universal Basic Income via Crypto Currency
I've done a bit of digging on this and find it promising. Manna is a crypto currency that works along and through social networks to help supply a universal basic income to every account holder. Each person is allowed only one account, though, so your network is important to build. How it works is each person gets a weekly payout of change. Last I checked the exchange rate was 1 Manna= .0088 USD (.0073 EUR, and 0.00000097 BTC), so it's not much. A Reddit poster said they got their first payout at 29 Manna, which was around $0.27 or so. I ran some quick numbers and assumed a weekly payout of $0.25, which would net $13.00 annually. Again, not much. So what's the trick? If you network and get referrals, then each referral is a multiplier to your payout. Have a referral? Then you are x2. Two referrals? x3. etc. to infinity (as far as I know). So if you were to say, get 3,846 referrals, then you could be claiming around $50k annual payout (-ish). (Disclaimer: assuming I do, in fact, understand all this properly).
On top of all that, if you sign up with a referral, then you get a 50% bump to your payout. So you automatically start off at 1.5x instead of 1x like me. Then you just start promoting Manna to your social network and get things pumped up!
I'm into it until I can learn it's not what I think it is. I hope you will be too. Check it out!
Check out Manna, a #UniversalBasicIncome #cryptocurrency that anyone can receive for free: https://www.mannabase.com/?ref=783b8517ba
Sorry but
An honest analysis of Manna from someone obviously more knowledgeable than I:
https://steemit.com/manna/@edicted/manna-coin-b
Ok In theory I could potentially cashout whatever I receive with that obscure argentinian exchange.
Has anyone done it and provide proof?
@melooo182, I'm not sure you understand. I just found this. I did some research on it to assure myself it wasn't a scam, and then I tried it.
I just got my first payout today. I'm not overwhelmed in any way, and I'm certainly not in any way an expert. I'm testing this to see what it is and how it works. I'd be happy to hear what you find out in your investigation of it if you are truly curious.
Yeah I get that, I'm not accusing you of trying to scam people either 😉
Is just that whenever I see "FREE MONEY WOO!!!" I raise my eyebrow and start playing the devil's advocate...
I did register and setup everything, with your referral link...since it carries 0 cost from my part.
And got 6.57 manna for free, says I'll get another payment in 6days from now
Tried to bring 2 other friends but like me they're sceptical and want proof of cashout.
Let me know if you can manage to change the manna to BTC or whatever and send it elsewhere than that argentinian exchange.
Respect. I'm skeptical too. Just not overly familiar with finance in general, let alone cryptocurrency. It's all new to me.
As for how the test is going so far? I got 19.735731 Manna with 3 verified referrals and 5 total referred. That's my first pay out. They are supposed to happen weekly. I want to let some build before I try a cash out, but I'll keep you posted.
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