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Humanity Card

A FIAT/Crypto Credit Card that onboards people into Web3 and supports crypto unconditional basic income.

Humanity Card

Created At

Scaling Ethereum 2023

Project Description

Humanity Hub is a digital hub for fiat financial transactions, crypto loans, and easy web3 onboarding, that automatically builds a decentralized, blockchain-powered unconditional basic income:

  1. Create a digital hub to allow partners, i.e. local municipalities, art collectors, other asset owners, to leverage Real Word Assets (RWA) to issue debt positions in local currency tied to USDC or custom stablecoin
  2. The percentage of the APR fee goes to Stabilize People (Unconditional Basic Income)
  3. Become the paymaster to mediate the on and off ramp of FIATs as a service to create a decentralized FIAT market
  4. Credit Card that augments the revenue strategy for creating additional APR for traditional customers already part of the financial system. Unconditional Basic Income on and off ramp fiats as a service for local beneficiaries
  5. We are going to onboard the following billion people into crypto by using account abstraction, bundling transactions on a Layer 2 network (Scroll) to reduce fees and make transactions faster
  6. Onboard new beneficiaries through their social media logins and ease the risky nature of self-custody crypto wallets through account abstraction as a foolproof way of guarding against crypto loss.

How it's Made

We took all the best parts of MakerDAO, OlympusDAO, NFTS for social good, and Hardhat to form a compelling business model that will usher in the subsequent billions of users of Web3 and Crypto. We hacked together TRADFI and DEFI to create a social finance entity that could run without us interacting with it directly. We are bridging the adoption chasm by utilizing Account abstraction to remove friction from every person to become a part of the movement to assuage global poverty—decentralized giving through the ultimate demand of fiat on and off ramping through our system. The DAO structure enables us to give control to those in the community and create the most equitable and failsafe protocol for easy onboarding.

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