BIG is the acronym for Basic Income Guarantee which hovers around the concept of providing social security to all citizens. It is a blockchain based on Ethereum and its founded in Russia. The BIG blockchain technology focuses on providing basic income to all the participants of the system and an opportunity to produce, buy or sell any goods and services within the system. Today the value of BIG token is 1 BIG=0.01 ETH.
Big is an open system that curtails several problems like migration, distribution of funds among population, etc. This system discourages the bureaucratic costs and cost of implementation which otherwise is inevitable when funds are drawn from state. Altogether, the concern is to provide better life to people without imposing any condition. The BIG system is based on the same theory and to implement this, everyday the system issues 1 BIG Token per registered user’s wallet. Each new wallet increases daily emissions by 1 BIG token. Then, these emissions are evenly distributed to the participants of the system. With these tokens, users can also buy and sell goods and services and 10% is commissioned for the same. The commission earned is distributed among miners and other participants of the system equally which reduces the size of daily emissions.
|There are two stages to implement BIG: