Nova is a meme on Ethereum. Nova introduces a concept called UBI (Unconditional Basic Income) into the tokenomic.
UBI, short for Unconditional Basic Income, also known as Universal Basic Income, refers to a system in which every citizen or member can receive a regular amount of money without any conditions, qualifications, or eligibility requirements. It is distributed by the government or organizations to all members to meet their basic living conditions, including food, housing, education, healthcare, public utilities, and other basic expenses. Through economic security, UBI aims to fulfill basic human rights.
This idea originated from Thomas More, the author of "Utopia", in the Middle Ages, and is similar to the cash-sharing plan currently in effect in Macau. During the Covid pandemic in 2020, American entrepreneurs such as Bill Gates also called on the US government to distribute relief funds to the public. Recently, Sam Altman, the founder of OpenAI, also proposed a UBI plan. He believes that when AI replaces more jobs, not having work and income should not become a problem for people's survival. Therefore, his idea is to guarantee everyone's basic living by giving everyone money.