Joint Commonwealth Fund (JCF) is an index fund designed to achieve Universal Basic Income (UBI) through automated cryptocurrency investment. As we stand, global wealth is poorly distributed, resulting in high poverty in some areas and overwhelming wealth in others. With an index fund that invests in cryptos and runs on blockchain, we put capital to work to both create and distribute wealth effectively, for everyone.
By applying the index fund approach to crypto-investment, mechanisms proven to create wealth will be made accessible to those who need it the most.
What is Cryptocurrency?
A cryptocurrency is a digital asset that can transfer stored values and has limited supply. It is like gold or paper (fiat) currencies but is faster, more secure, and cheaper to transfer. It is currency’s next evolution, seen by many as the future of digital money.
What is Index Fund?
Index fund is a portfolio of selected assets designed to grow without active management. It returns profits if the asset values grow as a whole. Research shows that index funds perform better than 90% of actively managed funds. Warren Buffett also sees them as the reliable vehicle of choice for most investors.
What is Universal Basic Income?
Universal Basic Income (UBI) is the idea that each human being is entitled to receive a certain amount of money periodically for basic living. Once without the burden to make a living, individuals can pursue personal and social goals more freely (be a full-time mom, aspiring artist, world traveler, or entrepreneur, etc.)