JaxCorp DAO

General FAQs

What is UBI?
In simple words, universal basic income (UBI) is a minimum amount of money enough to cover all basic human needs. Learn more about UBI: Watch Video.
Who can receive UBI?
Anyone is allowed to participate in the UBI program.
How to get UBI?
Anyone can register for UBI by following these three simple steps:
1) Connect your Metamask wallet to register
2) Pass KYC verification
3) Claim your UBI.
How can we be sure that the funds are distributed fairly?
The UBI program is a part of the Jax.Money platform, which is fully automated by a smart contract. While people may be seduced by corruption, smart contracts are not. These algorithms automatically distribute all the funds collected for the UBI program fairly between all the participants.
Can I donate funds to the program?
Yes. You can donate funds to the UBI pool by sending money to the UBI donation address: 0xAfa6A1663805C74a718923b828E1B3dEf68A2561
What is JAX?
In Hebrew, JAX means “God is merciful.” However, human beings are not so merciful. Therefore, there is a need for a system that will create equality.
What is the purpose of UBI?
We value people of merit and are determined to do everything possible to make sure they always have time and resources to make this world a slightly better place than it was yesterday. With the increased adoption of our energy-standard monetary system, every user should be able to get UBI high enough for letting him do what he truly loves, whether it’s rocket science or gardening.
Where does UBI come from?
A UBI tax is deducted from every transaction carried out on Jax.Money and every user of this system is welcome to register and get this UBI.
What currency is UBI distributed in?
UBI is distributed in WJAX on a daily basis if the minimum threshold is met.
Can I participate without passing KYC?
No. KYC is mandatory to participate.
Is it safe to upload documents?
Yes. We passed Certik as an audit. Also, we use Veriff for verifying all the documents. Veriff is compliant with CCPA, GDPR, SOC2 type II, ISO 27001 and WCAG Accessibility Guidelines.
What is the age limit for UBI?
UBI has no age limits.
Is there a fee involved in joining this scheme?
There is a small fee charged by the Polygon network, you will need some MATIC in your wallet account (around 0.01 MATIC).