Umotu Vision
$10 a day, everyone everywhere
Three Core Principles
Everything we build at Umotu flows from these three foundational ideas:
$10/Day, Everyone Everywhere
Universal basic income as earned rewards for securing the decentralized network. Anyone with a phone can participate—no special hardware, no capital required, no geographic restrictions.
Capital Moves Freely
Near-zero friction for payments and transfers—cross-border or local. Individuals pay nothing. Businesses pay ~0.1% to cover platform costs. No hidden fees, no intermediaries taking 30%.
Respect Monetary Sovereignty
We don't replace or weaken fiat currencies—we make them work better. Banks issue stablecoins pegged to their local currency. Reserves stay in their custody. Monetary policy becomes more effective with broader reach and less friction.
What We're NOT Doing
Umotu is not competing with central banks. We're not trying to replace the dollar, the rand, or any fiat currency. We're building better infrastructure for fiat currencies:
- ✅ Less friction (0.1% vs 3-5% traditional fees)
- ✅ Global access (unbanked populations and foreigners can participate)
- ✅ Improved market efficiency (24/7 instant settlement)
- ✅ More resilient (significantly depress any manipulation from dominating marker players)
The Big Picture: How $10/Day Becomes Possible
$10/day × 8 billion people = $80 billion/day = $29 trillion/year. This sounds impossible. World total assets in 2020: ~$1,500 trillion. To achieve this, Umotu would need to capture ~2% annual return on global wealth.
This is only possible if Umotu becomes the fully decentralized universal financial infrastructure where most global commerce happens—not because some organization forces it, but because it's economically rational for businesses, banks, and individuals to use it.
The Path: Become Global Financial Infrastructure
- 🌍 Universal participation: Anyone with a phone can secure the network and earn rewards
- 💱 Multi-currency stablecoins: Every fiat currency has stablecoin representation
- 🏪 Business migration: Companies save 30%+ on fees by moving to Umotu mini-apps
- 📈 Network effects: More users → more businesses → more transactions → sustainable rewards
How It Works: The Three Pillars
Universal Consensus = Universal Income
The breakthrough: Umotu is the first blockchain based on universal consensus, not local consensus.
❌ Local Consensus (Bitcoin, Ethereum)
- Power concentrates among specialized hardware (ASICs, GPUs)
- High capital requirements (mining rigs, staked ETH)
- Geographic concentration (cheap electricity regions)
- New supply → miners/validators (small elite group)
- Result: Limited adoption, wealth accumulates to those who already have capital
✅ Universal Consensus (Umotu)
- Power distributed to anyone with a phone (3B+ people)
- Zero capital requirements (no staking, no hardware)
- Geographic universality (works anywhere with internet)
- New supply → anyone who participates ($10/day per person)
- Result: Universal adoption, wealth flows to everyone, everywhere, at low practical cost
How You Participate:
- Download App → Verify identity with Proof-of-Humanity (1 phone = 1 human)
- Phone Verifier → Your phone performs Data Availability (DA) sampling automatically
- Earn $10/Day → Base reward for securing network availability
- Optional: Phone Sentinel → Extra role for consensus participation (additional MEV rewards)
Why this matters: Universal consensus is the only way to achieve universal income without taxation or inflation.
Multi-Currency Stablecoins: A Better Market for Fiat
The goal: At least one stablecoin for every fiat currency in the world (USD1, ZAR1, NGN1, INR1, IDR1, etc.)—issued by licensed banks and financial institutions in each country.
🏛️ Respecting National Monetary Sovereignty
Umotu is not trying to replace fiat currencies or undermine central banks. Instead, we're creating better infrastructure for existing currencies:
- 📊 More effective monetary policy: When capital moves with less friction, policy changes propagate faster and reach more people
- 🌍 Broader reach: Unbanked populations can hold and use their national currency digitally
- ⚡ Market efficiency: 24/7 instant settlement reduces volatility and improves price discovery
- 🔒 Bank-controlled reserves: Stablecoin issuers (banks) hold reserves in their custody—no third-party risk
Why Local Currency Stablecoins Matter:
- 🌍 Local usability: South African sees "365 ZAR" not "$10 worth of crypto"
- 💱 No exchange risk: ZAR1 = 1 ZAR always (no volatility)
- 🏦 Easy off-ramp: Banks already understand ZAR, can easily convert ZAR1 → ZAR
- 🛒 Merchant acceptance: "We accept ZAR" means they accept ZAR1
- ✈️ Cross-border freedom: User can hold ZAR1, USD1, NGN1 simultaneously
Competitive Stablecoin Ecosystem
Ideally, 2-3 recognized institutions from each country issue competing stablecoins for that currency:
- Example: South Africa has ZAR1 issued by Standard Bank, ZARF by FNB, ZARC by Capitec
- Competition drives quality: Lower withdrawal fees, better service, instant settlement
- Result: Near-free money transfer (domestic and abroad) + near-free currency exchange
Gradual Standards Development
We'll develop comprehensive guides so anyone can issue a fiat-pegged stablecoin:
- Technical requirements: No rebase, no algorithmic stability, ERC-20 compatible, pausable, etc.
- Risk controls: Reserves proof via oracles (Chainlink/API3), regular audits, KYC/AML compliance
- Umotu approval: Stablecoins compete to be supported as gas payment and reward currency
Why this matters: Users don't think "I'm using blockchain." They think "I got paid 365 ZAR today." It's familiar, stable, spendable. Multi-currency stablecoins make crypto invisible — just better money.
Important: You receive stablecoins (like ZAR1), not fiat currency. ZAR1 is a digital token pegged 1:1 to South African Rand, backed by real ZAR in a bank account. You can spend ZAR1 at participating merchants or withdraw it to your bank as regular ZAR.
Mini-Apps: Businesses Move On-Chain
The ecosystem: Existing businesses and new startups move their operations onto Umotu via mini-apps — lightweight dApps that accept stablecoins with near-zero fees.
Real-World Example: GRAB in Indonesia
Imagine GRAB (ride-hailing like Uber) moves to Umotu app:
- 🇮🇩 Users in Indonesia choose IDR1 reward → Earn 150,000 IDR1/day ($10)
- 🚗 Pay GRAB with IDR1 → Ride costs 25,000 IDR1
- 💰 GRAB keeps 99.9% → Only ~0.1% blockchain fee (vs 20-30% traditional platform fee)
- 🏦 Banks issue IDR1 → Earn float income + withdrawal fees (profitable business)
- 💱 Easy IDR1 → IDR exchange → Indonesian banks provide instant conversion
✅ The circle completes: Users earn IDR1 → Spend at local businesses → Businesses save 30% on fees → Banks profit from issuing IDR1 → Everyone wins.
Why Businesses Move to Umotu Mini-Apps
Traditional Platforms
- ❌ Apple/Google: 30% app store fee
- ❌ Payment processing: 2-3%
- ❌ Platform fees: 2-5%
- ❌ Total: 35-38% gone!
Umotu Mini-Apps
- ✅ Platform fee: 0%
- ✅ Blockchain tx: ~0.1%
- ✅ Total: 0.1%
- ✅ Keep 99.9% of revenue!
Concrete example: Restaurant receives R200 order
- Traditional (Uber Eats): R200 - 30% = R140 to restaurant (R60 lost)
- Umotu mini-app: R200 - 0.1% = R199.80 to restaurant (R0.20 fee)
- Result: Restaurant earns R59.80 more (43% higher profit!) per order
Mini-App Categories (See Full Docs)
Any business can build on Umotu: Hotels, Transportation (Uber/Bolt), Restaurants, Retail, Utilities, Education, Healthcare, Remittances, etc.
Why this matters: Users earn $10/day and need places to spend it. Businesses get 99.9% of revenue vs 60-70% on traditional platforms. Banks profit from issuing stablecoins. The entire economy moves on-chain because it's economically rational to do so.
The Inevitable Outcome: Umotu Becomes THE Blachchain
If the three pillars work as designed, Umotu doesn't just become "a successful blockchain." It becomes the global ledger — a black hole that absorbs all economic activity.
Stage 1: Early Adoption (10M users)
- Phone verifiers in South Africa, Nigeria, Kenya, India, Indonesia
- $100M/day in UBI payouts ($36B/year)
- Banks issue local stablecoins (ZAR1, NGN1, INR1, IDR1)
- Early mini-apps: food delivery, ride-hailing, remittances
Stage 2: Mainstream (100M users)
- Every developing country has significant penetration
- $1B/day in UBI payouts ($365B/year)
- Major businesses (McDonald's, Shoprite, hotels) accept stablecoins
- Traditional payment processors (Visa/Mastercard) losing market share
- Governments issue CBDCs on Umotu (cheaper than building own infrastructure)
Stage 3: The Blachchain (1B+ users)
- Majority of global population earns $10/day on Umotu
- $10B+/day in UBI payouts ($3.65T/year)
- Most global commerce happens via Umotu mini-apps
- Real estate, stocks, bonds, commodities → tokenized on Umotu
- Traditional banks become stablecoin issuers (or die)
- Total value on-chain: $100T+ → $500T → $1,500T (all global assets)
The moment: When it's irrational NOT to use Umotu because that's where the money, the users, and the businesses are. The black hole has achieved critical mass.
At that point, capturing 2% annual return on $1,500T ($30T/year) to fund $10/day for 8B people ($29T/year) is not only feasible — it's inevitable. The question isn't "can this work?" but "how fast will it happen?"
Invitation to Financial Institutions: Issue Stablecoins on Umotu
Are you a bank, payment processor, or fintech company in South Africa, Nigeria, Kenya, India, or elsewhere? Partner with Umotu to issue your own stablecoin and tap into a growing ecosystem of millions of users.
Why Issue a Stablecoin on Umotu?
💰 Revenue Opportunities
- Transaction fees: 0.1% on withdrawals and conversions
- Float income: Earn interest on reserves (5-10% annually)
- Bond investment: Invest reserves in government bonds for yield
Example: 100,000 users × $10/day × 0.3% fee = $3,000/day = $1.1M/year
📈 Instant User Base
- Access to millions of Umotu users immediately
- Users earn $10/day in YOUR stablecoin by default
- Automatic distribution via network rewards
- No customer acquisition cost
🌍 Global Reach
- Extend your currency globally (not just national borders)
- Enable cross-border transactions (ZAR1 → NGN1 → USD1)
- Tap into unbanked populations (40% in SA, 60%+ in Africa)
- 24/7 instant settlement vs traditional banking hours
🛡️ Low Risk, High Reward
- Fully backed: 1:1 reserves in your bank
- Regulated: Comply with local financial regulations
- Transparent: On-chain reserves provable via oracles
- No capital at risk: Only issue what you hold in reserves
Technical Requirements (Standards Coming Soon)
We're developing comprehensive standards for stablecoin issuers. Initial requirements:
- ERC-20 compatible: Standard token interface
- No rebasing: 1 token = 1 token always (no supply changes)
- No fee-on-transfer: Standard transfers don't deduct fees
- Pausable: Emergency controls for regulatory compliance
- Upgradeable: Proxy pattern for fixes and improvements
- Whitelisting: KYC/AML compliance if required by local law
- Reserves proof: Oracle-verified backing (Chainlink, API3, etc.)
Example: Issuing ZAR1 in South Africa
Step 1: Partner Agreement
Sign partnership with Umotu Foundation, agree to standards and compliance
Step 2: Deploy Smart Contract
Deploy ZAR1 token contract on Umotu chain (we provide audited template)
Step 3: Setup Reserves
Open ZAR bank account in South Africa, deposit initial reserves (e.g., R10M)
Step 4: Configure Oracle
Setup Chainlink/API3 oracle to verify reserves on-chain every 24 hours
Step 5: Get Whitelisted
Umotu Foundation approves ZAR1 for network rewards and mini-app payments
Step 6: Launch
Users can now select ZAR1 as payout currency — instant user base!
Revenue Model Example
Conservative projection for 100,000 South African users:
Who Should Apply?
- ✅ Banks in South Africa, Nigeria, Kenya, India, etc.
- ✅ Payment processors (like Paystack, Flutterwave, M-Pesa)
- ✅ Fintech companies with fiat banking licenses
- ✅ Stablecoin issuers looking to expand to new markets
- ✅ Telecom companies with mobile money services
- ✅ Government entities interested in digital currency pilots
Ready to Issue Your Stablecoin?
Contact the Umotu Foundation to discuss partnership opportunities and technical requirements.
Apply to Issue StablecoinWe're gradually rolling out stablecoin standards and onboarding partners. Early partners get preferred positioning in user wallets and mini-app integrations.
Get Started
Ready to participate in building financial sovereignty for everyone?