Joint Commonwealth Fund (JCF) is an index fund designed to achieve Universal Basic Income (UBI) through automated investments in cryptocurrencies. As we stand, our 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 efficiently, for everyone.
By applying the index fund approach to cryptocurrency, 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 functions like gold or other paper currencies but is faster, more secure, and cheaper to transfer. It is currency’s evolution, seen by many as the future of money.
What is Index Fund?
Index fund is a portfolio of selected assets designed to grow without active management. It returns profits if the underlying asset value grows as a whole. Research shows that index funds beat most actively managed funds, and is regarded by Warren Buffett as the investment of choice for most people.
What is Universal Basic Income?
Universal Basic Income (UBI) is the idea that each human being is entitled to money periodically for basic living. Once without the burden to make ends meet, individuals can then pursue personal or social goals much more freely (to be a full-time mom, aspiring artist, or entrepreneur, for example).