Anatha: Creating a Regenerative UBI
Anatha is an ethos driven decentralized technology company dedicated to designing, building, and deploying economic systems that put human needs first. On October 1, 2020, we proudly led the launch of Project Anatha, a DeFi ecosystem that feeds rewards in the form of a native cryptocurrency to participants every day, creating a regenerative universal basic income. Our goal is to end global poverty by elevating everyone in our network above $1.90 a day.
At Anatha, we begin with a claim that doesn’t seem contentious: the existing global financial system is at once wildly inefficient and cruel (those are not distinct attributes: its inefficiencies are a form of violence — that three day wait for a check may be the difference between paying rent and being homeless). And with a belief that we hope isn’t actually that radical: that economic systems should serve everyone.
Today, thanks to the rise of distributed systems and decentralized technology — such as blockchain —, it’s possible to create new economic systems that are efficient, smart, inclusive. One way to look at cryptocurrency is as programmable money. If you could program money to behave any way you wanted, what would you build?
We use decentralized technology to create economic systems that are inclusive, generous, and regenerative. While it may sound naively idealistic, we are working to make global poverty a disease we’ve cured. We like to refer to ourselves as practical idealists. We’re working with organizations such as Ecotone to help make this a reality.
Which is to say, we’re not just talking about it. On October 1 of this year, we launched Project Anatha, a DeFi (decentralized finance) ecosystem that returns value created on the network — on our blockchain — to network participants every day in a native digital token ($ANATHA). This is the Anatha Torus, a mechanism written into the code of our blockchain that creates a bottom-up, regenerative UBI (universal basic income). Our goal is for everybody in our system to be elevated over the global poverty line of $1.90 a day.
Project Anatha is an integrated ecosystem of financial and social tools (a set of interrelated applications, for desktop and soon for mobile). It features a Human Readable Address (HRA) system which lets participants register an @name to easily store, send, and receive an ever-expanding set of cryptocurrencies (what’s called a wallet in the crypto world) and, soon, to message each other and share content. Here, rather than being products whose information is bought and sold without seeing any value in return (ahem, Facebook, Google, Twitter…), Project Anatha’s participants are partners who control their own information and funds and share in the value they themselves create.
All you need to do is register an HRA — a one year subscription is one $ANATHA — and you automatically participate in the Anatha Torus. This is the first step in creating meaningful inclusion in global finance: not just giving the unbanked access to banking but actually including them in the flow of value.
Meanwhile, Anatha partners with businesses, organizations, and nation-states to help them build their own decentralized economies, often working to connect hard-to-reach populations with the Anatha Torus, feeding value directly to people who’ve been excluded from basic finance because they lack a certain piece of paper.
This all may sound like equal parts naiveté and hubris. But this is precisely what excites us about decentralized technology and non-national digital currency: practically speaking, it makes new systems of finance and governance, and hence new flourishing modes of living, eminently possible.