A network state that invests in human development. We invest in humans who do not have access to capital and increase their earning capacity, over decades.
We are creating a pathway for Amars to exit the poverty loop and embrace ownership and leverage in their lives.
Mission
A network state that invests in human development. We invest in humans who do not have access to capital and increase their earning capacity, over decades.First projectWe are going to start with hungry kids on the streets of Chennai. Provide them with food, housing and schooling. They earn a certain amount of Amar tokens every month (say INR 10,000 per month) that they could use for these expenses, as long as, they are growing. They are given a smart phone through which they earn these tokens and can spend freely via UPI. As they complete courses that upgrade their skill (say English or Computing), their monthly Amar tokens earned increases. If they do not progress at all, for a while, they are removed and kicked out of the DAO.We start with 100 Amars for the first year. At 10K INR per month, that implies, 10L per month in burn rate. So it’s about 1 Cr per year in expenses.For schooling, we partner with Neo schools that provide education over the phone - like StayQrios. Subjects are more focussed on things like computing, crypto, internet and economics. The goal is to try and employ the Amars in the short-term on the local labor markets, say making food or building housing, but long term on the internet.Things like food, housing and school to be figured out.Culture1. Ambition. Obsession on growth. If someone wants to stagnate they are removed from the DAO.2. Belief in free market capitalism. Even though there is an initial bootstrapping capital in Amar tokens we are providing so that they are able to exit the poverty loop, ultimately markets are to be embraced. We do not provide one single way to feed the Amars nor one single way to house them. If anything we enable them to be developed by the free markets.3. Transparency. All funding will be on-chain. Most interactions will be on the internet.4. Giving back. Once Amars have enough earnings they contribute 10% of their earnings back to the DAO voluntarily. No legal contract, just moral code.5. Cult. Amars believe we are making the world a better place and this is the most important human up liftment project.6. Owner mindset. Push towards working in employments where you can capture the upside vs a fixed compensation employee like jobs. Teach about leverage.TokenomicsWe start a bonding curve and provide a few million dollars in buy-side support. Trading fees are 1%;Token emissions enable UBI for Amars. Amars commit to contribute 10% of their life-time earnings back to the DAO.
The Team
Led by Prasanna Sankar, co-founder of Rippling, 0xPPL