Frequently Asked Questions

We have a Kusama parachain running which will serve as our production platform. A test-flight is currently performed with a few dozen participants on our Testnet Gesell.

The first communities will onboard throughout 2022.

Don’t expect to get rich with encointer. Its money supply follows adoption. encointer aims at a more egalitarian economy and has no intent of rewarding early adopters – apart from the honor of seeing the next big thing first.

Then don’t. Ceremonies can be interpreted as a proof of need. If you don’t need the basic income, buy tokens from people who do and enjoy discounts from various businesses. After all, we expect Encointer to become a source of universal basic income for people in underdeveloped regions of our world, where the need might be sufficient to attend ceremonies.

Moreover, some people might attend not because of the basic income but to obtain a self-sovereign identity with proof of personhood.

True, you need a smartphone running the encointer app in order to participate. As GSMA research shows, 5 Bn people had mobile phones in 2017, 3.8 Bn of which had mobile internet. That still leaves out many. We can only go step by step. There are plans to support USSD for people who have no smartphone.

According to the worldbank, 1.1 Bn people do not have an ID. This also means they can’t open a bank account. According to the Global Findex Database, 1.7 Bn adults are unbankedtwo thirds of which own a mobile phone. It might therefore be easier to obtain a mobile phone than an official ID and a bank account.

But let’s look at the developed world too: The Swiss government decided to leave digital identity systems to the private sector, which is highly concerning for individual privacy and freedom as proposed services like SwissID systematically get more information than they actually need (like who is logging in on which site at what times). decentralized identity can solve this – if done right.

For all the latest news and updates:

Subscribe to our Newsletter

Drop us a line!

Contact us about your ideas and projects

© 2022 All Rights Reserved