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Revised Universal Basic Income (UBI) Framework

Objective:
The Universal Basic Income (UBI) initiative will start by providing financial support to 30,000 families, creating a transformative impact on their lives while maintaining a sustainable and focused approach.

Key Details:

  1. Funding Source:

    • Allocation from Bitcoin Mining Facility Profits:
      $123 million USD will be dedicated annually to UBI. This allocation will be sufficient to support 30,000 families sustainably.

  2. Eligibility Criteria:

    • Families with no stable source of income.

    • Priority given to communities in regions near the Karoo mining facility and other identified underserved areas.

  3. Distribution Model:

    • Monthly payments of $300 USD per family beneficiary.

    • Secure transfers through digital wallets or bank accounts to ensure efficient and transparent disbursement.

  4. Beneficiary Count:

    • Total 30,000 families will benefit.

Impact Projection for 30,000 Beneficiaries:

Annual Financial Commitment:

Annual Allocation for UBI=30,000 families×300 USD/month×12 months\text{Annual Allocation for UBI} = 30,000 \, \text{families} \times 300 \, \text{USD/month} \times 12 \, \text{months}Annual Allocation for UBI=30,000families×300USD/month×12months Annual Allocation for UBI=108,000,000 USD\text{Annual Allocation for UBI} = 108,000,000 \, \text{USD}Annual Allocation for UBI=108,000,000USD

This allocation ensures a sustainable rollout while leaving room for additional operational flexibility.

Impact on Beneficiaries:

  • Improved Quality of Life: Families will be able to afford essential needs such as food, healthcare, and education.

  • Community Development: Increased household spending will stimulate local businesses and services.

Why Start with 30,000 Beneficiaries?

  1. Focused Impact: Ensures the program has a measurable and meaningful effect on targeted communities.

  2. Sustainability: Allows the initiative to remain financially viable while scaling up operations.

  3. Scalable Framework: Provides a model to expand the program as profits and operational capacity grow.

Future Vision:

  • Gradual increase in beneficiaries as the mining facility scales and generates higher profits.

  • Collaboration with stakeholders to extend the reach and impact of UBI in other regions.

  • Supporting recipients with additional programs for education, training, and economic independence.

This structured rollout demonstrates a balanced approach, ensuring financial sustainability while maximizing social impact for the initial 30,000 families.

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