MetaPay - A Circulating Basic Income Model with Digital Currency

:small_blue_diamond: Overview

MetaPay is a programmable, circulating basic income system that distributes funds through digital wallets and recollects a fixed percentage to ensure sustainability β€” without raising taxes or relying on additional government budgets.

:small_blue_diamond: Problem

Most basic income proposals fail due to unrealistic funding models. They often depend on higher taxation, increasing national debt, or complex redistribution mechanisms that generate political resistance and economic inefficiencies.

:small_blue_diamond: Our Solution

MetaPay operates on a simple yet powerful loop:

  • An initial fund of 250 trillion KRW
  • Distributed over 10 months (25 trillion KRW/month)
  • Starting from month 10, 10% of each wallet’s remaining balance is recollected at the end of each month
  • The recollected funds are used to fund the next cycle

This creates a self-sustaining system with zero net government burden and maximum benefit for citizens.

:small_blue_diamond: Key Features

  • All payments and recollections are processed exclusively via digital currency
  • Wallets automatically split payments: 50% MetaPay + 50% cash or card
  • No restrictions on how the income is used
  • Higher-income users contribute more through greater spending, while lower-income users retain more
  • All collections occur only from the previously distributed MetaPay balance β€” never from user assets or cash
  • Transparent and automated through blockchain smart contracts

:small_blue_diamond: Additional Note

This model does not replace existing welfare systems. It provides an additional economic circulation loop that enhances fairness, reduces inequality, and encourages citizen engagement by ensuring everyone has a basic financial safety net.

:small_blue_diamond: Bonus Track: Alith AI Agent Integration

MetaPay also proposes an AI-based policy feedback module as part of the Bonus Track.

While the core MetaPay system is designed around programmable digital currency circulation,
we envision an optional Alith-powered AI agent that could analyze transaction trends and citizen behavior to enhance policy effectiveness.

This agent would use on-chain spending data to evaluate:

  • Whether 10% recollection timing or rate can be optimized in future cycles
  • Which demographics benefit most and where redistribution may be enhanced
  • Whether temporary economic shocks require adjustments in basic income flow logic

We plan to simulate this logic on Hyperion Testnet using Alith SDK or a compatible programmable agent framework. The AI agent will not control funds but may inform future iterations of the MetaPay model based on transparent data analysis.

5 Likes

Hello @metapay_gyuha

What happens if spending slows down and not enough MetaPay gets recollected, can the system still fund the next cycle?

3 Likes

This section clearly explains the sustainability and smart circulation model behind MetaPay.
My question is: How does the recollection mechanism ensure fairness for lower-income users? Since everyone is subject to the 10% recollection, how is the impact balanced across income levels