Manna is free money; a universal basic income. Simply use this link and sign up to start receiving Manna coins. It only requires an email and a cell phone number to sign up.

https://www.mannabase.com/?ref=4de9a77183

By using this link and my referral code you'll get 50% more Manna coin for a year and I'll get 100% more Manna coins for a year. You'll also get your own referral code and can offer other people the same deal.

Application	Decentralization	Inflation	Speed	Community
A+	D-	A+	C	C

Total Score: B-

Application A+

Manna doesn't get an A+ rating because it is a technical revelation like Ethereum, Steem, or EOS. It's basically just a slightly upgraded Bitcoin clone. The thing that makes Manna incredible is that their "business" model is to make money by giving it away for free to anyone that wants it. This concept is extremely hard for me to wrap my brain around, but in the end it makes sense.

What is money? When it comes down to the nitty-gritty, money could be anything that people are willing to accept as money. The crazy thing is: Manna is already worth over a penny per coin and hardly anyone has it. Can you imagine what it will be worth if all goes well and there are millions (if not billions) of people using it? Their strategy is to give money away for free, so the chances of this coin going viral are extremely high. This is especially true when considering their aggressive referral program.

Manna claims to have systems in place that stop users from abusing the system by gaining multiple accounts. Their estimate for duplicate accounts is 5% or less. If this statistic is correct I find it extremely impressive considering they only ask for an email and phone number.

Decentralization D-

Manna is EXTREMELY centralized. The foundation controls everything; billions of pre-mined coins. I wanted to give this category an F, but they have destroyed quite a few coins and claim to have plans that will encourage future decentralization. In addition, because all inflation is distributed to everyone equally this promotes decentralization by a huge factor.

Inflation/Distribution A+

Whitepaper:

The People’s Currency Foundation has set
the annual rate of increase of the Manna
money supply through basic income distributions
at 3.5% of the current supply of
Manna in circulation. This is close to the
historical average annual inflation rate of the
U.S. dollar, one of the world’s most successful
currencies, and results in an approximate
doubling of the money supply every 20
years.

Another 2 to
3% per year is currently being added
through referral bonuses. The referral bonus
program will be phased out after ten years

All inflation pool rewards get distributed to each person evenly. This makes for a near perfect distribution rating if you don't count duplicate accounts. Manna is also a tax-exempt 501(c)(3) charity under United States law. This means a lot of people HODLing the coin aren't exactly worried about their investment losing money due to inflation. Expecting to profit off a charity isn't exactly something one can justify easily. However, chances are that inflation doesn't matter at all in this regard because the "network effect".

Whitepaper:

The “network effect” – the value of a tool for
communications or transactions increases
as the number of participants in its network
increases – has easily overcome price inflation
due to expansion of the [Manna] money supply.

The network effect claims that the more people have Manna and accept it as currency, the more it will be worth. I tend to agree. Considering there are currently only thousands of accounts I can only imagine how much more it will be worth when there are millions. Also, Manna is currently difficult to buy/sell because it's listed on very obscure exchanges. Once it becomes accepted at a more mainstream exchange the value will go way up.

You can also earn a little Manna from mining, but not much.
10 per block... soon to be 5.
Mining Manna is basically donating at this point and maybe forevermore.

Speed/Scalability C

Most transactions are confirmed in 1 to 2 minutes. Fees are extremely low, only a fraction of a U.S. cent.

Manna isn't fast, but it's also not slow. Considering what the foundation is trying to accomplish it doesn't matter much that a transaction takes a few minutes. This isn't exactly a micro-payment type of coin.

Honestly, it's much more important that they can scale up to accommodate the millions of people that are going to want free money. On that front they are almost certainly going to be constantly bottle-necked by growing pains. At the same time, they know the challenges ahead of them and they are getting ready for expansion. Sign up now before they are overrun with signup requests.

Community

At this point the community for Manna is very tiny, but could soon include everyone with a provable online identity. This is a pretty big deal. Manna could easily overtake every blockchain when it comes to number of people using their coin. There is even a chance Manna can legitimize cryptocurrency as a whole.

The average person does not understand or trust cryptocurrency. It's fake worthless ponzi scheme money to them. If Manna puts money into average Joe's wallet I can guarantee you he will change his tune real fast. What kind of ponzi scheme gives away money and expects nothing in return? Once people realize Manna isn't a scam they will realize there are many other trusted blockchains. Manna's philosophy could have groundbreaking results for every blockchain.

Manna has an interesting team developing it. The name Manna and the people running it seem somewhat religious. I don't necessarily trust religion to not be corrupt. Check out their fearless leader Eric Stetson.

First impression? This guy looks like a cult leader megalomaniac. I did a little research on him and he's done work for solar coin and other charitable causes. Honestly, there is no reason for the leadership of this project to cut and run. The potential of this blockchain is huge. We only have to worry when the coin starts gaining value but remains centralized.

Conclusion

An overall grade of a B- seems a bit high. There are many ways Manna could fail.

• The Manna Foundation dumps all their coins onto the market and takes what they can after abandoning the project.
• The value of Manna goes up but the value of mining stays low. This would encourage a 51% attack on the blockchain, making it completely unstable and untrustworthy.
• The Manna Foundation can't scale up fast enough to accommodate viral acceptance.
• Abusers find ways to exploit the foundation by owning multiple accounts.
  • This would be exceptionally devastating if governments/corporations tried to game the system.

The stakes are very high with Manna. Although there are a myriad of ways it would fail, success for this blockchain could mean great things for the whole world.

• Extreme poverty will be eliminated; starting with the poorest countries first.
• It will be easy for the world to send monetary relief to natural disaster victims or literally anyone else in need.
• Every blockchain will gain some legitimacy in the eyes of the general public.
• Great strides will be made in verifying online identity without official documents.

I personally wouldn't invest more than $50 in Manna because of the risks. However, there is no risk in signing up for an account and getting free currency. Also, get even more of the currency by signing up friends and family.

Imagine it: a groups of friends start to accept Manna coin as payment in their circle. You go out to lunch and one person buys. No worries, you can pay your buddy back with some of that free Manna coin that you all have. Once these inner circles of friends start to accept the currency from other circles, the value of this coin will skyrocket due to the network effect.

I believe this is where Manna needs to concentrate it's marketing strategy first: Getting small circles to accept it and then getting vendors that sell low priced goods (like meals) to accept it. The good news is that with their incredibly aggressive referral program they are already going to get small circles using it. I for one am going to try to get everyone I know to sign up. I am one of many.

The fact that this cryptocurrency was able to procure 501(c)(3) tax exempt status is amazing. Look at all the ways they can lose it. The biggest bullet point there is private benefit/inurement. This foundation is going to be inspected with a microscope to make sure it's not a scam. Investing in Manna is still a big risk but that risk has high reward and is for a good cause.

In a world where more and more people are out of a job because of factory automation, Universal Basic Income is something that the world desperately needs. Put in the form of a blockchain accessible worldwide, Manna could turn out to be one of the future's most important assets in the quest for "abundance for everyone" and eliminating artificial scarcity.