What is SuperHi Basic Income?
An experiment to see if giving creative people a financial buffer accelerates their career.
Six (or more) people will receive...
Applications are now closed for SuperHi Basic Income. We had 22,529 applications, with a collective 1.78 million words written — a big, big thank you to everyone who took the time to apply!
The sheer number of applications was a surprise to the SuperHi team, and we weren’t expecting such a strong response. We were expecting around 2,000 applications, so the amount has broken our initial ideas for how the judging system would work.
Considering there are around 20 books worth of material to read, there is very likely to be judging fatigue which could lead to applications not being read, even if we put 100 judges on the case.
We are changing the judging methodology to ensure that every application is read multiple times. We need to update the judging panel code to accommodate this and give the judges a little longer.
The judging process will now be between Jan 31 and Feb 11, and the recipients will be announced on Feb 14. Funds will now be distributed on the 15th of each month.
We are also happy to announce there will be six recipients of SuperHi Basic Income, due to donations, instead of five!
Free money? What’s the catch?
SuperHi’s mission is to help creative people in their careers. We see many in our community not being able to achieve their goals due to financial constraints or not having a buffer to fall back on. SuperHi Basic Income is a test to see if people who have a backup can accelerate their career.
- $1,000 USD each month, for six months.Giving you a financial buffer to change your creative world.
- A MacBook Air or iPad Pro.Giving you the tools to be more creative.
- A SuperHi membership.Giving you access to high-quality creative education.
There are no set outcomes for this program at all, but for us, it’s a test to see if people can accelerate to the next step in their creative careers with the required funding that covers a creative’s basic needs. Some examples of what you could do with the money...
- Work on your portfolio and résumé
- Learn skills to get that perfect job
- Make the jump to freelance
- Focus on your side hustle
- Do absolutely nothing at all
The worst case scenario is no change, but the best case is that the experiment drastically changes people’s lives permanently.Apply
We are specifically looking for people who either work in or want to work in a creative field, and are planning to make a large change to their career.
Our application process is straight-forward. We have a three-part process; the first is to let us know about yourself, the second is to give the judging panel a reason why you feel like you need the Basic Income, then the last is to verify your application with a social post to show that you’re a real person.
Why use crypto?
We want SuperHi Basic Income to be as transparent as possible. To do this, we are making the process public so that others can see behind the scenes, giving actual proof and insight into the experiment’s running.
- Public proof of funds.Each recipient’s money is stored in a Gnosis Safe, a decentralized way to manage digital assets that allows everyone see the money is there (see for yourself).
- Allows the community to deploy funds.If everyone at SuperHi gets hit by a bus, this process still allows the community to deploy funds. There is no single point-of-failure.
- A fully transparent process.All transfers will be public on the blockchain, verifying that the receipents received their money. No “trust us, here’s a screenshot”.
Winners will be paid in USDC, a digital currency that matches the US dollar, so there’s no worries about fluctuating prices! You don’t need to understand crypto or pay to receive SuperHi Basic Income.
This experiment is a carbon-negative campaign, a step beyond carbon-neutral. At SuperHi, we recognize the problems of Proof of Work blockchains so we will be making all transactions verifiably carbon-negative by offsetting emissions via Offsetra.
Who picks the winners, and how?
Separately to the application process, we are recruiting a judging panel to be part of the process to make the process independent. Judges can not apply for SuperHi Basic Income.
Round 1: Jan 31 – Feb 7
- A judge is shown two applications at the same time.Applictions are picked at random and only the reason part of applications will be shown.
- Judges pick their choice of the two.Judges are asked to pick based on which of the two do they think will accelerate their careers with the addition of SuperHi Basic Income.
- Applications with two no’s get eliminated until 100 left.This ensures every application is read at least twice by judges.
Round 2: Feb 8 – Feb 11
- Every judge will receive 100 votes each to distribute.The voting will be done “off-chain” in a standard database.
- Judges can give between 1 and 10 of their votes to any application.Judges will be asked again to vote based on who they feel will be able to accelerate their career with funds.
- The applications with the most votes win.Votes will be totaled on Feb 11, and voting will be released publicly.
Every judge that is selected will be given access to a judging panel by being given an NFT and every judge that completes the voting process – either 100 selections in round 1 or completing round 2 – in a fair way will receive an equal split of a judging fund of $8,000 USDC as thanks for completing the process.Apply to be a judge
Support the experiment
If you want to enable more recipients of SuperHi Basic Income, we are offering a 1 / 250 NFT. Every $6,000 worth of donations will allow another person to receive the funds, and anything extra money over will be distributed between recipients. This is a non-speculative NFT project.
- Access exclusive reports into the experiment.
- Receive a limited-edition NFT showing your support.
- 100% of funds go directly to recipients.
Who is SuperHi?
SuperHi helps creative people be more creative. We are an educational community focused on helping people who work (or want to work) in the creative industries by providing courses in topics such as coding, design, crypto and project management. We believe in...
- High-quality, specialist education.Learning should not be a one-size-fits-all, lowest-common-denominator experience.
- Real-world outcomes.You should be learning practical skills to understand theory, rather than just learning academic theory.
- Learning is a social experience.Improving your skills doesn’t need to be a solo experience. A community of like-minded peers is there to support and help.
If you’re looking to join a remote-first company that supports creative people, we’re hiring!
Got a question?
Is this a real campaign?
This is 100% real. The money is held in a safe, ready to be deployed, which can be verified on third party sites such as Etherscan or Gnosis. It's impossible for us to fake the money being in there... it's ready to go!
SuperHi is a very real company too. We've been helping tens of thousands of creative people gain skills since 2016 and are backed by some of the world's best VCs such as Framework, Expa, Torch Capital, Reach Capital and Designer Fund.
How do I use the money in real life if it's digital currency?
Who can apply?
We are opening up applications to anyone who is over 18 years old from anywhere in the world, except for countries which are under US embargos or sanctions. SuperHi is a US-based company so we have to follow the rules around this.
We will also require all winners to prove their identity with a standard form of identification (e.g. passport, drivers license) to SuperHi before funds are distributed.
How much does it cost to apply?
Nothing! It's 100% free to apply, and there are no fees to pay if you win.
Do I have to pay tax on this if I win?
Yes, this would count as income the majority of worldwide juristrictions and have to be reported as such.
We recommend services such as TokenTax which are great to dealing with taxes for crypto-currencies.
Why not use PayPal, wire transfer, etc?
We could have but there were three major flaws to using traditional financial systems. The first being that we can't publicly prove that the money is in an account ready to be deployed – the best we could do is a screenshot but of course, that can be faked.
The second is that we could lie about the transactions being sent. Again, we could say "of course we sent the money to all the recipients" but you'd just have to trust us.
The third is most traditional financial systems only allow one person to deploy the money. Using crypto, we can let there be multiple people involved in the sending of funds so it's not solely dependent on the SuperHi team.
How would things change if the price of Ethereum goes up or down?
Nothing major would change. The funds are stored in a digital currency which is tied to the price of the US dollar, so the money itself doesn't get affected. Of course, if you're in a non-US country then currency exchange rates would naturally change however.
The only thing that is dependent on Ethereum prices would be if you want to exchange USDC into a 'fiat' currency (e.g. US dollars, Euro, British pounds) as there would be a network fee for doing this which is partly dependent on Ethereum and how much traffic is on the network at the time, but this is likely to be only a small difference, rather than anything major.
Why not use a Ethereum layer 2 such as Polygon or Arbitrum?
We thought heavily about what 'chain' to use to do this and after talking to several external people with wallets, the majority of them didn't have any layer 2 (L2) tokens so we felt that there would be less usage of gas in doing sponsorship as a Ethereum layer 1 NFT over having people having to spend gas swapping L1 for L2 tokens and then buying.
The average gas used for a Uniswap token swap is around 155 gwei so we felt that focusing on optimizing the gas usage to be as low as possible would be more productive to the experiment.
What does being a carbon-negative campaign actually mean?
Firstly we believe that Proof of Work blockchains suck and the quicker that they move to a more sustainable solution, such as Proof of Stake, the better. To offset carbon emitted due to the Ethereum blockchain, we will be using an independent tool, Carbon.fyi, to calculate the CO2 footprint of all contracts and transactions.
How can I contribute?
There are three ways that others can help with SuperHi Basic Income. The first is you can be a judge for the applicants and voting for which people you think should receive SuperHi Basic Income. All judges that complete the voting process will also receive an equal share of $8,000 USDC.
The second way is if you feel like you can afford to, sponsor the project by purchase an NFT for 0.1 eth. 100% of the proceeds will go directly towards the campaign (proof on line 1132 of the NFT contract here).
And lastly, any public support of the experiment would be incredibly helpful. Please share what we're doing on Instagram, Facebook, Twitter or whatever your favorite social media platform is!
How are judges selected?
The SuperHi team will be selecting an undetermined number of judges to ensure a wide, diverse range. The number of judges selected will be based on the number of applications received – the more applications, the more judges that will be selected!
Anyone applying for both judging and the main application form will be removed from the judging pool to ensure fairness.
Will I know who the judges are?
We won't be announcing the judges publicly but you'll be able to see what Ethereum accounts have access to the judging panel via the judges contract. We are not announcing judges so that it doesn't lead to any external influence or biasing of the voting process.
Will I know how many votes I get after judging?
All judges votes will be 'on-chain' meaning how many votes they gave for each application will be public. Only the IDs of the applications will be public however so no need to worry about your name, email or application being revealed.
We will email after the judges vote is closed to let you know if you have or haven't received the funds.
Can I announce this publicly if I win?
Of course! All recipients are welcome to talk about the project and how they use the funds. Each recipent's crypto wallet address will be publicly on the blockchain so others can see that the funds are truly sent.
If I win, what would be expected of me?
Firstly, if you win and you haven't got this already, you will need to set up a Ethereum wallet to be able to receive funds. It's free to do and won't cost you anything.
During the experiment, we will be working with an independent researcher to check on your progress. We expect there to be around 30-60 minutes per month of reporting back to us on how you're getting on which can be done via email or Zoom calls.
Generally, we'll let you get on and use the funds to try and achieve your career goals though!
If I win but don't accomplish goals, what happens?
Unlike a grant or residency program, we aren't holding you accountable for outcomes. We won't reprimand you for not achieving what you thought you wanted to do today.
This is an experiment and it's very common for experiments to fail. You don't have to pay us back, the money is still yours. We are using this as a test to see if a financial buffer helps people achieve goals and if the answer is no, that is still a great outcome to know.
We aren’t the only ones who think that money helps people’s careers and their well-being. A lot has been written on the subject of Universal Basic Income and we, at SuperHi, want to prove the theory out… less talk, more action!
To read more on the subject, there are some fantastic articles, books and videos below…
How do I apply?
To apply for SuperHi Basic Income, fill in the application form. You will need to verify your application for it to go to the judging panel. The top applications as chosen by the judges will win SuperHi Basic Income.
The money is distributed at the start of each month, between February and July 2022.