In investigating some of the smaller coins I stumbled upon Grantcoin. In market cap it is tiny and it hides in the 647th place on the list with a price of $0.001365. However, price development has been positive (10x in the last 1.5 year) and I find it interesting as it is an experiment in Universal Basic Income. Universal basic income is a new idea that deals with the increasing robotization of our society. In is by far not unrealistic that robots will be able to do many of our jobs better and even faster and this is predicted to happen within the next 10-20 years, but at an increasing rate for certain jobs such as warehouse personnel, drivers, accountants etc.
When so many people would become unemployed the wheels of the economy still needs to keep moving and that's why certain countries have started experimenting with a free income for every citizen. The Grantcoin foundation started an initiative by depositing free coins in your account, that can be exchanged for money.
If you create an account they will deposit an amount of Grantcoin every quarter in your account and that's it. There is a small, low funded team behind this, united in the Grantcoin foundation. Detailed information can be found on their website: www.grantcoin.org
If you create an account make sure to use my referral code: ok7jp99g0b
Cheers!
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