[MetaPay] A Circulating Basic Income Model with Digital Currency

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Title:
:counterclockwise_arrows_button: Exploring the Potential for a Circulating Basic Income Pilot in the Metis DAO Ecosystem

Content:

Hi Metis Community,

I’ve been developing a smart contract-based model for a Circulating Basic Income (CBI) —
a system where income is distributed, used within a community, partially recollected over time,
and redistributed again to sustain a continuous economic cycle.

Unlike traditional basic income models that rely on government budgets or taxation,
this system is designed to operate through smart contracts and a DAO-driven circular mechanism,
allowing economic value to flow and sustain itself without relying on external funding.

Originally, I conceptualized this model as a national policy initiative —
with the idea of proposing pilot programs in smaller countries, particularly in Europe,
where population size makes it feasible for such experiments to be conducted on a manageable scale.

However, the more I explored its structure,
the more I realized that DAO ecosystems — especially Metis, with its strong DAO-centric vision —
could serve as the perfect environment to test this model in the digital world.

Since Metis is dedicated to empowering DAOs as self-sustaining economic communities,
I believe this kind of circulating income pilot naturally fits with Metis’ long-term vision of a decentralized economy.

So, I’d like to propose this for open discussion:

:white_check_mark: What if we tried a DAO-to-DAO circulating basic income pilot within the Metis ecosystem?

  • Tokens would be distributed to DAO members
  • Members would be encouraged to use them within DAO activities and the broader community
  • After a set period, a portion of unused tokens would be automatically recollected by smart contracts
  • The cycle would repeat through redistribution

DAOs already operate as community-driven micro-economies.
If this circulating income model proves viable within Metis,
it could become a significant step toward advancing DAO-based economic systems both online and in real-world applications.

I’m genuinely curious to hear your thoughts —
and I’d love to connect with anyone interested in exploring this idea further.

Let’s push the boundaries of DAO economics together!

:pushpin: Just to add —
The latest version of my project is now fully operational.
:white_check_mark: It supports fund distribution, P2P transactions, company-related transactions, and recollection between national wallets, individual wallets, and company wallets.

If you’re interested in testing it out,
please feel free to DM me or send an email.

I’d be happy to share the private keys of the test wallets (national, individual, and company accounts)
so you can try it firsthand.
Your feedback would be greatly appreciated!

Thank you!

#DAO #BasicIncome #MetisDAO #CirculatingEconomy #SmartContracts #Web3Governance #DAOExperiment #MetisCommunity**

3 Likes
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Hello @metapay_gyuha,

I’ve created a dedicated topic for all active campaigns. Whenever your campaign goes live for the community, please feel free to post it in this specific topic.

Thanks!

3 Likes
44

Hi,

I’ve been testing the MetaPay Basic Income Simulator using the test user wallets and company wallets provided by the project team.

During testing, I noticed the following:

  • MetaPay transfers work as expected — the amount is deducted from the sender and correctly credited to the receiver.
  • However, when transferring MetaPay, the cash balance only decreases from the sender’s wallet but does not increase on the receiver’s side.

Since I understand the simulator is designed to move both MetaPay and cash together in P2P transactions,
I wanted to check if this is the intended behavior or if it might need a review.

Just sharing my testing feedback — would appreciate your clarification!

1 Like
45

Hi,

I’ve been testing the MetaPay Basic Income Simulator using the test accounts provided by the project team.

During testing, I noticed the following:

  • MetaPay transfers work as expected — the amount is deducted from the sender and credited to the receiver.
  • However, when transferring MetaPay, the sender’s cash balance decreases, but the receiver’s cash balance does not increase.

Since I understand this is a simulation designed for testing both MetaPay and cash transactions, I wanted to check if this is the intended behavior.

Just sharing some feedback — I would appreciate your clarification!

2 Likes
46

Hi freelabx,

Thank you so much for your precise testing and valuable feedback!
You are right — in the initial version, cash was not moving together with MetaPay during transfers, which was not the intended behavior.

:white_check_mark: We have recognized this issue and fixed it in the latest update.
Now, whenever MetaPay is transferred — whether between users, between companies, or user-to-company — the same amount of cash moves together with MetaPay as designed.

:dollar_banknote: Additionally, for simulation and demo purposes, we’ve also added a separate “Send Cash Only” button on the frontend.
This allows testers to create flexible scenarios and test various cases as they wish.

Thanks to your feedback, we were able to improve the system quickly.
Please feel free to share any further insights or results from your testing — we really appreciate it!

— The MetaPay Project Team

2 Likes
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Just tested the updated MetaPay system as part of the community feedback round — it works great now!

:white_check_mark: MetaPay and cash now move together as intended
:money_with_wings: The “Send Cash Only” option is also helpful for demo scenarios
:bullseye: Everything feels smooth and stable

Thanks for the quick fix and continuous updates — excited to keep exploring!

1 Like
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Hi, could you pls send to me in DM or here your deployed contracts on testnet network? Thanks in advance :mechanical_arm:

2 Likes
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Hi Vladimir, just sent you a DM with full testnet info and contract details. Let me know if you need anything else! :rocket:

2 Likes
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:brain: Final Update: MetaPay Basic Income Simulation with AI Analysis

Hi everyone,

This is the final official update for the MetaPayP2P-Clean project — now live both on GitHub and Vercel:

:globe_showing_europe_africa: What is MetaPay?

MetaPay is a smart contract-based simulation of a circulating basic income (UBI) model, designed to answer a critical question:

Can we guarantee everyone a minimum income without permanently increasing taxes or printing endless money?

:puzzle_piece: Key Mechanics

  • Citizens receive 500 units/month for 10 months → Total 5,000 units per person.
  • The initial fund of 50,000 units is provided via national bonds, which can be repaid through additional tax revenue generated by increased economic activity.
  • After the 10th round, 10% of every wallet’s balance is automatically recollected each month.
  • These recollected funds are used for the next distribution, creating a closed, self-sustaining cycle.
  • The system runs fully on-chain, simulating citizen ↔ company ↔ national wallet interactions.

:brain: Why Alith AI?

With the latest update, MetaPay integrates Alith AI to analyze wallet flows and surface key insights like:

  • Who’s holding the most? Who’s falling behind?
  • Are any companies hoarding wealth?
  • Are there suspicious or zero-value transactions?
  • Are subsidies becoming monopolized?

Sample AI Insight:

“User10 has the highest balance. Four out of five companies have zero. Company1 may be monopolizing the inflow. There are repeated 500-unit transfers from the national wallet, suggesting automation or policy-driven flows.”

:bar_chart: These insights help simulate how a real government — or DAO — might monitor fairness or adjust policy dynamically.

:test_tube: Try the Simulator

:computer_mouse: Live Demo (Vercel)

You can:

  • Connect a wallet
  • Distribute income
  • Send P2P payments
  • Analyze the system with AI

Developers can also explore:
:open_file_folder: GitHub Repo

:bullseye: Who Should Care?

  • :classical_building: Policymakers testing basic income mechanisms
  • :technologist: Web3 builders designing DAO economies
  • :brain: Economists & researchers modeling sustainable systems
  • :globe_showing_europe_africa: Citizens who believe economic freedom leads to real freedom

:rocket: Why It Matters

“Time = Money = Freedom.”

MetaPay isn’t just about code.
It’s about proving that a small, well-designed system can guarantee economic dignity — without collapse.

With AI + Web3, we can simulate, monitor, and improve economic flows before real-world deployment.

:link: From Twitter/X?

If you’re visiting from Twitter:
This is the final, complete version of the MetaPay demo.
Whether you’re curious or building — welcome!

Thanks for following the journey.
Let’s build a freer, smarter economy together. :light_bulb:

— Gyuha Yoon (@metapay_creator)

3 Likes
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:brain: AI Analysis Now Available in MetaPay Simulator!

MetaPay Simulator now supports real-time AI transaction insights powered by OpenAI API.

In the screenshot below, the AI automatically analyzes P2P and company transfers, detects top recipients, and highlights behavior patterns.

Try it here :backhand_index_pointing_right: https://meta-pay-p2-p-clean-7aig.vercel.app

Feedback welcome!

metapay_ai_result
metapay_ai_result1920×1080 197 KB

2 Likes
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Hi,
I was testing the MetaPay simulation and noticed a small issue.
Everything works fine — distribution and collection are processed correctly.
But after collection, the alert message says the expected amount is 50000,
even though it should be 5000 based on 10 wallets × 500 each.

Seems like just a display issue, not affecting the actual logic.
Just wanted to share it in case it’s helpful!

1 Like
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Hi @andromeda,
Thank you for catching that and taking the time to report it! :folded_hands:

You’re right — the expected amount in the alert message after collection was showing as 50000 instead of the correct 5000 (based on 10 wallets × 500).
This was purely a display bug and didn’t affect the actual contract logic or balances.
I’ve now fixed the message so it shows the correct expected amount.

:light_bulb: New improvement:
While working on this, I also added a quality-of-life feature — now, when you click on any User Box or Company Box in the simulator, the wallet address will be automatically inserted into the recipient field for P2P transfers.
This makes sending MetaPay or cash between wallets much faster during testing.

:round_pushpin: Contract Info (Andromeda Mainnet)

  • Contract Address: 0xAaA0548C20677e24c1c9D68b1b8fA916666Bd40C
  • Network: Metis Andromeda Mainnet (Chain ID: 1088)

Frontend: Mainnet version is currently being prepared for Vercel deployment.

Thanks again for helping make the MetaPay Simulator better! :rocket:

1 Like
54

Title

Real-Time Large-Scale Payment Simulation – Testing Processing Speed & Scalability

Body

Recently, I conducted a large-scale on-chain payment simulation within a closed economic environment.
The structure is simple, yet from the perspective of scalability and speed optimization, it turned out to be a very meaningful experiment.
This was not just a few transaction tests — it simulated a scenario where an entire economic zone executes payments simultaneously.

:hammer_and_wrench: Simulation Overview

  • Total Circulating Supply: Fixed at 50,000
  • Participants: 1 Owner Wallet + 10 User Wallets
  • Transaction Flow:
    • Distribute → Send funds to all 10 users simultaneously
    • Collect → Retrieve a fixed percentage from all user balances
    • Repeat in cycles
  • Economic Nature: No external capital inflow/outflow, total supply always maintained at 50,000

:speech_balloon: [Added Point]
What makes this model unique is that it measures large-scale transaction load within a fixed-supply environment.
Unlike traditional blockchain stress tests, all transactions circulate within the system, creating a long-term stable transaction pattern.

:bar_chart: Test Results

Executing Distribute once → Average completion time ~15 seconds for all transfers.

Comparison: Traditional card payments take <1 second to approve.

  • Card systems: Separate “approval” and “settlement” to minimize perceived delay
  • Blockchain: Must verify & record all transactions before finality → inevitable delay

:light_bulb: Improvement Idea – Approve → Settle Model

In a closed economy with fixed supply, an approve-first, settle-later approach could be far more efficient.

Example Workflow:

  1. Transaction request → Instantly verify total supply & balance (microseconds)
  2. Immediate approval response (perceived speed <1 sec)
  3. On-chain settlement processed in the background (within ~15 sec)
  4. Real-time total supply monitoring (maintaining 50,000 ± 0) for security

:speech_balloon: [Added Point]
In my current simulation, a real-time total supply monitoring algorithm already operates,
tracking total balances at microsecond intervals to ensure they never deviate from 50,000.

:globe_showing_europe_africa: Potential for Pilot Deployment

This structure can be applied immediately in small-scale economies of 50k–100k participants.

  • Pilot Stage: Instant large-scale payment load testing
  • If Successful: Expand to other cities or economic zones
  • Final Stage: Establish a continental-scale payment infrastructure reference

:speech_balloon: [Added Point]
Beyond basic payments, it can simulate peer-to-peer asset movement patterns,
providing data that closely resembles real-world operating environments.

:magnifying_glass_tilted_left: Meaning for Platform Providers

  • TPS Limit Testing: Can it handle thousands–tens of thousands of transactions per second reliably?
  • Finality Speed Optimization: Can the 15 seconds be significantly reduced?
  • Hybrid Payment Proof: Demonstrates practical feasibility of the approve-then-settle structure

If adopted as a community-scale payment infrastructure,
this could become the first real-world example of stable, large-scale on-chain payments.

:red_question_mark: Key Questions

  • Which platform today can truly handle tens of thousands of payments per second?
  • What happens to performance and user experience if we apply approve-then-settle?
  • If this model is implemented on another chain first, what would be the outcome?

:speech_balloon: [Added Point]
Soon, I will release both live demo videos and stress test result data.
After seeing it, your perspective on “the limits of large-scale blockchain transactions” may change.
Could your platform handle this kind of load?

:pushpin: Summary
This experiment goes beyond a technical demo —
it is a real attempt to test scalability, speed, and security of large-scale payment infrastructure.
It starts small, but missing it could mean missing a rare opportunity.
The model runs within a closed, safe experimental environment,
yet recreates one of the most demanding real-world payment scenarios possible.

1 Like
55

Thanks for the metapay vision
Really inspiring and can’t wait for it to be implemented

1 Like
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Live Transaction Records

The following are real transactions executed on the Metis Andromeda Mainnet.
All records are permanently stored on the blockchain and can be publicly verified.

Explorer Link:

Key Transaction Screenshot:
Example of live transactions on the Metis Andromeda Mainnet

해시
해시1920×1080 204 KB

✤ Technical Info

  • Network: Metis Andromeda Mainnet
  • Contract: 0xAaA0548C20677e241c9D68b1b8fA916666Bd40C
  • Language: Solidity
  • Functions: distribute, collect, transfer, resetAll, checkAllBalances

:speech_balloon: Feedback and suggestions are welcome.
The MetaPayP2P project aims to become a global pilot program.
We welcome proposals related to technology, policy, and marketing.