BioMatrix, an L1 blockchain wealth distribution platform that goals to supply a globally accessible UBI for everybody, is ready to launch a PoY token, marking a big milestone within the pursuit of common monetary inclusion. This launch coincides with the beta unveiling of the BioMatrix platform at Token2049 in Dubai on April 17, 2024.
Leap in the direction of common primary revenue with blockchain
In an period of rising monetary inequality, BioMatrix represents PoY (Proof of You), a revolutionary token that connects customers' organic id with blockchain know-how and units a brand new benchmark for Common Primary Earnings (UBI).
With PoY BioMatrix is not only a token launch; it’s BioMatrix's dedication to harness the potential of blockchain and synthetic intelligence applied sciences for the higher and assist a extra inclusive digital financial system the place anybody, anyplace can take part in creating safe wealth.
The essence of PoY
On the coronary heart of BioMatrix, PoY stands as proof of individuality and empowerment. Every PoY token is a singular illustration of a person created from their BioID.
This course of not solely promotes true decentralization but in addition ensures advantages UBI (Common Primary Earnings) are immediately and pretty distributed amongst customers. By the modern use of AI and ML, BioMatrix simplifies the verification course of and allows customers to seamlessly obtain PoY tokens and interact in a broader financial ecosystem that addresses the stark inequalities in at this time's society.
Empowering customers by means of UBI
BioMatrix commits to a 60-year PoY token issuance plan, supporting long-term engagement and steady development of the ecosystem. This sustainable strategy helps customers in academic actions, entrepreneurial ventures and group tasks and strengthens the position of the platform in bettering the lives of customers.
This units a precedent sustainable UBI applications that encourage early adoption and participation and steadily reward customers.
Constructed on sturdy know-how
PoY Chain, a proprietary Layer 1 blockchain developed by BioMatrix, exemplifies BioMatrix's dedication to offering high-speed, safe and cost-effective digital transactions. By integrating superior cryptography comparable to Zero-Information Proofs (ZKP) for higher safety, it ensures privateness of person knowledge with out compromising transaction validity.
This key know-how not solely helps the equitable distribution of wealth, but in addition expands the idea of Common Primary Earnings (UBI) and extends its influence to varied digital and real-world purposes. In doing so, it has a powerful deal with person privateness and represents a big step in the direction of a extra inclusive and safe digital financial system.
A revolutionary consensus mechanism
BioMatrix is distinguished by its modern Delegated Proof of Credit score (DPOC) consensus mechanism, which rewards community individuals for his or her contributions by assigning a “good credit score rating”. This strategy redefines and units a brand new customary within the blockchain area, presents a brand new different to standard fashions comparable to Ethereum's Proof of Stake, and units a brand new benchmark for blockchain effectivity and equity.
Tokenomics: Future-Proof Design
With a most provide of 21 billion PoY tokens, BioMatrix represents a tokenomic mannequin designed for sustainability and development. This provide is strategically allotted as follows: 1 billion tokens are reserved solely for person sign-up bonuses designed to spice up preliminary engagement and participation within the ecosystem. Of the remaining 20 billion tokens, 80% (16 billion) are distributed on to customers, supporting the platform's core initiatives and inspiring energetic participation, whereas the remaining 20% (4 billion) are allotted to assist different points of the ecosystem, comparable to operational prices and growth tasks. Section 1 customers will profit considerably from this allocation technique as they may obtain the best advantages by means of early entry incentives and a bigger share of signup bonus allocations. This ensures that their key position within the early stage of the platform is acknowledged and adequately rewarded.
PoY is deliberate to be listed on a number of exchanges within the coming months, resulting in an official itemizing in September.
A user-centric strategy
BioMatrix's distinctive unlocking mechanism, the place person participation immediately impacts the provision of operational and reserve tokens, exemplifies the user-first philosophy.
This strategy not solely democratizes entry to blockchain and AI applied sciences, but in addition aligns with BioMatrix's imaginative and prescient of a fairer digital future.
BioMatrix and PoY are a number one drive in mixing technological innovation with social duty, striving for a world the place know-how serves humanity.
White paper and different info:
About BioMatrix:
Based by Silicon Valley specialists, BioMatrix is devoted to reshaping monetary inclusion by means of the PoY token and Common Primary Earnings utilizing biometric scans for safe and bribe-free crypto transactions. Our aim is to bridge monetary gaps and revolutionize the distribution of wealth around the globe. Our know-how stands on the intersection of Web2 and Web3 and expands the utility of cryptocurrencies.
Be a part of us in our mission to democratize monetary entry, embodying our mantra: Construct Your ID, Make investments Your Future, Personal Your Worth.
BioMatrix has an enormous giveaway on their twitter proper now 600 USD out there!
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