The UBI is distributed based on a ~3.5% annual inflation rate of the circulating supply. The 3.5% is evenly distributed amongst all users who have verified their "proof of humanity."
Ok nice, so you distribute it until reaching total supply?
And question regarding KYC. How you defend against scammers?
Lets say I have multiple phone numbers and emails and I register multiple times with some other identities. How you check that?
We work with a proprietary set of algorithms as well to ensure users are unique and this has proven effective with users who have multiple phones and e-mails. From our audits thus far, our method has proven a low rate of fraud. That being said, we recognize the importance of KYC with this project and are in the constant process of improving our verification process. We are looking into possible partnerships with Jumio, Uport, Civic and other identity projects as well as non-governmental biometric identification protocols for later iterations.