How it works
One cycle, three kinds of account, one set of rules, and why the money stays fair.
One cycle, three roles
People receive the basic income and spend it. Businesses earn it and pass it on as wages and purchases. Whatever sits idle or leaves the network flows back into the basic income, and from there equally to everyone.
idle money · exit · fees
Money is created only for people
Every verified person receives 1,000 AEQ once. Nobody else creates money: not businesses, not validators, not the founders.
Circulation is rewarded
Spending, paying wages and paying suppliers costs little or nothing. Money that sits idle beyond clear limits pays a small monthly levy.
Every levy returns to everyone
Transfer fees, idle-money levies and exit levies go 100 % to the basic income, paid out every day in equal shares to every verified person.
Six promises to every person
The fairest money has to feel fair first to the person who has little.
- Your fair share is untouchable. The first 1,000 AEQ never pay a levy.
- Everyday life costs nothing. The first 1,000 AEQ you spend each month are free of fees.
- Wages are wages. Up to 3,000 AEQ a month can be exchanged into euros or dollars without a levy, whatever the money comes from.
- Saving is allowed. Up to 5,000 AEQ your savings lose nothing.
- Those who have more contribute more. Savings above 5,000 AEQ pay 0.5 % a month; the 25,000 AEQ limit stays. From 3 October 2026 a payment that would take someone over the limit is refused instead of taken away.
- People always pay less than businesses for holding and exiting, and everything anyone pays returns to all people equally.
| Payment | Fee |
|---|---|
| People: first 1,000 AEQ a month | free |
| People: above that | 0.1 % |
| Businesses to people (wages) | free |
| Between businesses, other addresses | 0.1 % |
The fee is added on top: the recipient always gets the full amount, so a price of 10 AEQ brings the shop exactly 10 AEQ. There are no surcharges for large balances: wealth is already limited by the 25,000 AEQ cap and the levy on savings above 5,000 AEQ. These rules apply from 26 September 2026.
Every day, equal shares for everyone
No money is created for the basic income. It is paid only from what the network collects, and everything collected is paid out.
Start: 1,000 AEQ
Every verified person receives 1,000 AEQ once when registering: the fair share. The money supply is always verified people × 1,000 AEQ.
Daily at 20:00
Every day at 20:00 (Berlin time) the pool is split into equal shares among all verified people. Afterwards it starts again at zero.
Where it comes from
Transfer fees (100 %), 30 % of swap fees, the idle-money levy, the 2 % exit levy and anything above the 25,000 AEQ limit.
Who receives it
Only verified people. Businesses, validators, founders and other addresses receive nothing from it.
How large the daily share is depends on how much money moves: the more AEQ circulates, the more flows back to everyone.
Money should flow, not sit
Whoever holds far more than the fair share pays a small monthly levy on the part above. It never disappears: every AEQ goes back to all people as basic income. This keeps money moving, and wealth cannot pile up without limit.
- Your first 5,000 AEQ are untouchable. That is five times the fair share.
- Above that 0.5 % a month for people. Businesses keep 1.5 months' turnover free.
- Tested in history. In Wörgl (Austria, 1932) money with a circulation levy built roads and bridges in the middle of the Great Depression.
Everything paid goes back to all people as basic income, so also to you.
Three kinds of account, one set of rules
Nobody checks what you are. The rules make hoarding expensive in every form and passing money on cheap, so everyone chooses the account that really fits.
| Rule | 👤 Person | 🏪 Business | 🔑 Other address |
|---|---|---|---|
| Basic income and vote | yes | no | no |
| Maximum holding | 25,000 AEQ (25×) | no fixed limit | 250 AEQ (0.25×) |
| Idle money | 0.5 % a month, only above 5,000 AEQ | up to 1.5 months' turnover free, then 0.5 % a month; above 3 months' turnover 1 %; a person's first business never pays more than the person would | 1 % a month |
| Sending money | first 1,000 AEQ a month free, then 0.1 % | to people free, otherwise 0.1 % | 0.1 % |
| Exchange to euro or dollar | 3,000 AEQ a month free, plus what you paid in yourself; then 2 % | 2 %; what you paid in yourself goes back free | 2 %; what you paid in yourself goes back free |
| Who opens it | every verified person, once | one to ten verified people; at most 3 per person | anyone |
These rules apply from 26 September 2026. Every levy goes 100 % to the basic income.
What it means in real numbers
Four situations, calculated with the rules that apply from 26 September 2026.
Anna lives on the basic income
She has 1,200 AEQ and spends 800 AEQ a month. No fee (below 1,000 a month), no levy (below 5,000), no exit levy.
Ben works in a café
He earns 2,000 AEQ in wages, spends 1,500 AEQ and exchanges 1,000 AEQ into euros for his rent. Fee on the 500 AEQ above his free amount: 0.5 AEQ. Normal swap fee: 1 AEQ. No exit levy: up to 3,000 AEQ a month are free.
Clara has 20,000 AEQ
She spends 3,000 AEQ a month and exchanges 5,000 AEQ. Transfers: 2,000 × 0.1 % = 2 AEQ. Idle money: 15,000 × 0.5 % = 75 AEQ. Exchange: 2,000 × 2 % = 40 AEQ (the first 3,000 are free). All of it goes to the basic income, so also to Anna and Ben.
Someone wants to hoard 100,000 AEQ
As a person: impossible, the limit is 25,000 AEQ. On 400 other addresses of 250 AEQ: 1 % a month = 1,000 AEQ a month. As a “business” without turnover: 98,000 × 1 % = 980 AEQ a month.
Bitcoin's Gini is ~0.85 — higher than any country
Supply = verified humans × 1,000 AEQ. Gini from the live node. Go L1 is the ledger source of truth (not the mirror contract alone).