About Us

Turning A Global Lack of Crypto Governance Into Action

Dealing with the challenges of today requires problem-solvers who bring different perspectives and are willing to take risks. The ProCent Foundation emerged out of a pursuit to set an example for how to properly govern the emerging Crypto space. Where national regulators stumble and fail, we provide a pragmatic solution. Where world banks are silent, we create a workable framework.

We seek to inspire and support the community. We decided that action speak louder than words. A pragmatic solution developed for the community by the community. A proactive step forward for the good of the world. One wholistic solution that neatly solves four of the most challenging conundrums of today:

Lack of effective crypto taxation
No online unique human verification
Ever increasing poverty, inequalities and wealth gap
Lack of global crypto regulation
No marketplace to spend your cryptos on

Established in 2021, we’re an organization driven by progressive ideas, bold actions, and a strong foundation of support. Contact us to learn more and get involved.

Moonshot : “an ambitious, exploratory and ground-breaking project undertaken without any expectation of near-term profitability and also, perhaps, without a full investigation of potential risks and benefits”

Features of our Economic System

Transaction Tax-funded UBI could be the golden ticket to a better society

Registered Non-profit Charitable Foundation

Established 2021 in Sweden as a charitable foundation. Our financials are fully compliant with regulations, audited and reported to the Swedish tax authorities. We are a non-profit organization and therefore also tax exempt.

Efficient And Effective

We guarantee 95% efficacy in our operation, and will increase this number annually. We expect that with a few years of operation we will reach 99%. We also turn around all funds daily. Within 24 hours of taxation the funds are sent to UBI. Compare this number with 50-70% for a majority of charitable organizations, or 70-80% for most governments, and with turnaround time of months or years.

Fully Auditable and Transparent

Every single tax transaction is fully auditable and visible on the blockchain, and the same goes for our distribution of collected funds towards UBI programs. We also produce summary statistics on a regular basis to show breakdowns of all our financial flows.

Global Standard

We build an ecosystem of Crypto taxation that is truly global-first and will live up to regulatory scrutiny in any and all countries on this globe. We are ready to enable any and all countries that wish to join our taxation program, and can support them with collecting more taxes, distribute in other ways, etc. as well.

Decentralized Governance

We have built our governance in the most robust and inclusive way. Our Governing Council is made up of 21 members distributed across industries, countires, cultures, etc. Critical issues are put up for vote to a DAO made up of users and contributors. Our third governance pillar will be created once Countries and various World Banks decide to join the party.

A solution to Crypto Taxation

We provide an opportunity for Crypto developers to ensure that their Cryptos finally can pay tax natively, as a percentage of every transaction. We provide regular users to choose a responsible and ethical choice, to let our money work for good.

A solution for global Crypto regulation

We give Countries their first real option to regulate and tax crypto transactions. We will enable all Countries that join our initiative to influence their national crypto taxation, as well as how collected taxes are distributed. They can increase the tax rates and they will be able to set criteria for tax exemption.

An entirely new taxation paradigm

Transaction tax hasn't really been an option before Cryptos. It's a powerful tax, in that it represents the largest possible taxable base, and as a consequence the percentage can be set very small. Estimates differ, but a transaction tax around 3-5% of all transactions could eventually replace all other taxes.

No admin or annual tax returns

Put an end to having to collect receipts and filing annual tax returns. Administration is non-existent with an automated transaction tax. All taxes are paid instantaneous and are final, no deductions, no admin.

A solution to the Unique Human conundrum

One of the biggest challenges in today's digital economy is figuring out if an account represents a unique and live human. If we could achieve this, then a hole world of new opportunities would open up. We can finally propose a solution to this conundrum, built in the intersection of transaction tax collection and UBI distribution.

Finally providing legitimazy to Crypto

When Cryptos can start paying taxes, and Countries can start regulating those taxes, we belive that Cryptos can finally come out of the woodwork and become accepted by all. It will finally be able to prove itself as the revolutionary and modern economic system that it can be.

A solution to the widening wealth gap

Our current, legacy economic system(s) have failed time and again when it comes to creating equal opportunity for all. The wealth gap is ever-widening. Our transaction tax will naturally tax "the rich" more, and our UBI will naturally give to "the poor" in a more meaningful way. This system has the potential to become the most powerful force to slowly reverse the wealth gap and creating equal opportunity for all.

A fully funded Universal Basic Income

When discussing UBI, the questions of "how expensive" and "where should the money come from" always come up. These questions are hard to answer and inevitably become the show stoppers. We provide the world's first fully funded and therefore the most realistic UBI concept ever presented.

A solution to the national tax base conundrum

Our current national taxation system is severly limited. Countries cannot tax sales, corporations, wealth, etc. in any significant manner. If they do, then corporations and "the rich" will just move to a different country. Crypto is equally hard to tax, due to the fact that it is very hard to determine which country a crypto transaction "belongs to". Our global taxation provides an opportuity to finally put and end to all these challenges.

Environmentally Friendly

Despite all that has been said of Bitcoin using too much electricity, the fact is that more recent Cryptos are much more energy efficient. Our system is also incredibly light on administration. And crypto does not require production of plastic bills or metal coins. All in all, Crypto is a

Future-proofing our economy

For all those worried about robots and automation eventually taking over all our jobs, this system is here to help you. UBI does not represent a large income, but it will be there to help you while you re-train for a new job. It provides the opportunity for more to quit their job or reduce their hours, making new spots available for you. And it could help you free up time to focus on your creativity, hobbies, entrepreneurship, etc.

Eradicating Poverty

A key criteria for a transaction-tax-funded UBI should be that it is made available to all, regardless of where in the world and regardless of how they connect to the internet, be it on cheap phones, public computers or any other way. Once this UBI is created and awareness spreads, it has the potential to be the enabler to finally eradicating extreme poverty.

A Better Society

Studies of past UBI implementations show significant improvements to society. Crime rates and drug abuse decreases. Education rates improve. Child mortality decreases, as does population growth. Overall happiness increases. Also, for those that worry, there are typically very limited impacts to the job markets (as in, it won't make it harder for employers to find workers).

Not a Higher Tax Burden

The key critique against UBI is commonly that the tax load will increase. This is true on a national level. It is not neccessarily so on an individual level though. Since most transactions are made between companies (not people) it is financial institutions that will bear the brunt of this tax. Importantly though, on an individual level, almost everyone (except the financially very active, such as day traders) will see a decreased net taxation, if you were to count UBI as returned tax. The velocity of money increases, but not the personal tax burden.

Dynamically and Instantly Calculated Tax

Once we are live with our wallet registry, this information will be made available on the blockchains. The tax rate will be set to zero for transactions between your own wallets. And if Countries wish to set their own transaction taxes, they can do so with complex criteria which will also be calculated in the miliseconds before your transaction is finalized. As a user, your financial app will be able to show your the exact taxation prior to your accepting the charge and authorizing the transaction.

Our Leaders

Committed to the Cause

Coming together from a wide variety of backgrounds and experiences, our skilled team of professionals is the backbone of the ProCent Foundation. Their ideas help shape the direction and mission of our organization as it continues to develop. Read on to learn more about some of our incredible team members.

Noak Lindqvist

President

With us since our founding, Noak is one of our veteran team members. He bring years of experience and skills to the forefront in helping our organization grow and succeed.

Tony Patel

Financial Flow Optimization

Experienced, trustworthy, fun. These are just a few of the ways coworkers describe this invaluable member of our team. Tony is truly a joy to be around and makes it a pleasure to come to work every single day.

Olivier Giner

Business Development

Olivier joined the ProCent Foundation with the vision and drive to improve upon our organization, and focuses on developing the organization with experience and integrity.