Introducing PoY AI Tokens
BioMatrix’s AI token is named PoY (Proof of You), and its most extraordinary charm is its uniqueness. Each token is generated from the user's BioID (Biological Identity), allowing users to mint their own tokens, which are irreplaceable and truly achieve decentralization.
PoY AI Tokens are utility tokens used for UBI (Universal Basic Income) distribution. With the assurance of a basic income, people can invest in small businesses and charities or engage in community projects, leading to a more vibrant and diverse economic ecosystem. Users simply need to complete the Biological Identity authentication driven by AI and ML on the BioMatrix App to receive PoY AI Tokens distributed by the system monthly. More innovatively, BioMatrix will continuously issue PoY AI Tokens to registered users monthly for 60 years, starting from the day they join BioMatrix. We anticipate our system to enable many people to live fully realizing the spirit of UBI.
Moreover, BioMatrix is built on its own developed Layer 1 blockchain called PoY Chain, ensuring the speed, security, and low cost of using PoY AI Tokens. PoY Chain is a pioneering blockchain ecosystem that supports UBI and promotes fair wealth distribution by assuring a basic income for all participants, where users self-generate coins through their biometric data. PoY AI Token fosters a more inclusive digital economy where everyone can be involved. Such advantages perfectly support BioMatrix in creating a cooperative ecosystem that will include gaming, car rentals, housing rentals, retail, and dining, where PoY AI Tokens play a crucial role.
PoY AI Tokens also plays a pivotal governance role within the PoY Chain ecosystem, serving as a key incentive for maintaining network integrity and security. PoY AI Tokens are distributed as a reward to node validators, who are essential contributors to the network. These validators perform critical functions, such as verifying transactions and creating new blocks, ensuring the blockchain operates smoothly and securely. By rewarding validators with PoY AI Tokens, we acknowledge their invaluable contributions and motivate ongoing participation and commitment to the network's health. This reward mechanism is designed to foster a robust, decentralized, and secure blockchain infrastructure, where validators are incentivized to act in the ecosystem's best interest.