Bitcoin-backed Universal Basic Income Protocol

A decentralized Universal Basic Income (UBI) system implemented as a smart contract, allowing for automated distribution of regular payments to verified participants. The protocol is built with governance features and safety mechanisms to ensure sustainable and secure operation.

Features

• Participant Management

  • User registration system
  • Verification process for eligible participants
  • Tracking of claim history and participant status

• UBI Distribution

  • Automated periodic distributions
  • Configurable distribution amounts
  • Cooldown periods between claims
  • Treasury management with minimum balance requirements

• Governance System

  • Proposal submission and voting mechanism
  • Configurable protocol parameters
  • Democratic decision-making process
  • Time-bound voting periods

• Safety Features

  • Emergency pause/unpause functionality
  • Treasury balance checks
  • Owner-only administrative functions
  • Value limits and validation checks

Technical Details

Constants

• Distribution Interval: 144 blocks (~1 day)
• Minimum Treasury Balance: 10,000,000 microSTX
• Maximum Proposal Value: 1,000,000,000,000 microSTX

Error Codes

• 100: Owner-only operation
• 101: Already registered
• 102: Not registered
• 103: Ineligible for claim
• 104: Cooldown period active
• 105: Insufficient funds
• 106: Invalid amount
• 107: Unauthorized operation
• 108: Invalid proposal
• 109: Expired proposal
• 110: Invalid value

Usage

For Participants

1. Registration

(contract-call? .ubi-protocol register)

2. Claiming UBI

(contract-call? .ubi-protocol claim-ubi)

3. Contributing to Treasury

(contract-call? .ubi-protocol contribute)

For Governance

1. Submit Proposal

(contract-call? .ubi-protocol submit-proposal "distribution-amount" u1000000)

2. Vote on Proposal

(contract-call? .ubi-protocol vote u1 true)

For Administrators

1. Verify Participant

(contract-call? .ubi-protocol verify-participant 'SP2J6ZY48GV1EZ5V2V5RB9MP66SW86PYKKNRV9EJ7)

2. Emergency Controls

(contract-call? .ubi-protocol pause)
(contract-call? .ubi-protocol unpause)

Governance Parameters

The following parameters can be modified through governance proposals:

• Distribution amount
• Distribution interval
• Minimum treasury balance

Query Functions

• get-participant-info: Retrieve participant details
• get-treasury-balance: Check current treasury balance
• get-proposal: View proposal details
• get-distribution-info: Get current distribution parameters

Security Considerations

1. All monetary operations include balance checks and overflow protection
2. Administrative functions are protected by owner-only access
3. Participant verification prevents fraudulent claims
4. Cooldown periods prevent abuse of the distribution system
5. Emergency pause functionality for crisis management

Notes

• Participants must be verified before claiming UBI
• Claims are subject to cooldown periods
• Treasury must maintain minimum balance
• Governance proposals expire after 1440 blocks
• Contract can be paused in emergency situations

Contributing

Contributions to improve the protocol are welcome. Please ensure all proposed changes:

1. Include appropriate test coverage
2. Maintain existing security measures
3. Follow the established error handling patterns
4. Include documentation updates

License

This protocol is released under the MIT License. See the LICENSE file for details.