Meme project Nova announced the launch of the NOVA UBI Passport system, which aims to incentivize contributors. There are a total of 500 unique passports. 150 are awarded to marketing contributors, 50 are given to active participants in Twitter campaigns, and the remaining 300 will be minted through staking. Users will have the opportunity to earn one by holding and staking $NOVA.
Passport holders will be rewarded 200 $USDT via the UBI program, resulting in a total reward pool of 100,000 $USDT. Nova said that holders will be able to earn more rewards in the future, including tokens and NFTs.
UBI, short for Universal Basic Income, is an economic model that strives to ensure every individual receives a consistent and guaranteed income, fostering a fairer and more inclusive society. Nova aims to use the blockchain technology to conduct a UBI social experiment. When selling $NOVA, holders will be charged a 9% tax, one third of which will be used to purchase $ETH that goes into Nova Relief Funds. The relief funds will be used to reward and assist the community, as well as to buyback $NOVA from the market.
Related: Meme Project Nova Renounces Contract Ownership
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