Frequently Asked Questions

BioMatrix.ai was founded to tackle pressing issues at the nexus of technology, finance, and social equity, aiming to enhance financial inclusion by providing users a Universal Basic Income (UBI). This initiative seeks to reduce economic inequality and ensure access to essential financial resources for all. With a focus on privacy and security, BioMatrix employs AI and blockchain technologies to provide users with a secure method to establish and use digital identities, addressing growing digital privacy concerns. The platform empowers users to securely control their personal and biometric data, utilizing AI, blockchain, and zero-knowledge proofs to protect their information.

Furthermore, BioMatrix integrates the Proof of You (PoY) AI Token, an AI-based token that will be integrated into real-world applications in gaming, dining, rentals, and shopping. These applications include Web2 and Web3 product offerings to be inclusive of all digital users. It represents a significant innovation in blockchain, introducing a Layer 1 blockchain with a unique consensus mechanism and biometrically verified tokens. This is part of a broader strategy to create a sustainable economic model for the platform and its users, ensuring long-term growth and stability.

Designed to be globally accessible to anyone with a desktop or smartphone, BioMatrix aims to create universally available financial resources and digital identity verification, fostering worldwide participation. By leveraging advanced technology, BioMatrix addresses key challenges in financial inequality, digital privacy, and blockchain application, striving to build a more inclusive, secure, and empowered global community.

The BioMatrix team consists of industry experts, entrepreneurs, and software engineers from global technology companies such as Apple, Meta, Tencent, AWS, Angies List, Cisco, and Upwork.

For further inquiries or support, please reach out to us at [email protected]. Our team is happy to help you with any questions about BioMatrix and our product.

We distinguish ourselves from others in several key ways, reflecting our unique approach to leveraging AI and blockchain technology for social and economic empowerment:

BioMatrix is committed to addressing financial inequality by providing a UBI (Universal Basic Income), funded through the distribution of PoY AI Tokens. This initiative is designed to offer equitable financial opportunities to everyone, particularly focusing on those who may be marginalized or excluded from traditional financial systems.

• Advanced Biometric Authentication: Our platform utilizes cutting-edge AI biometric technology, to create a secure and personalized blockchain experience. This method ensures that users can mint PoY AI Tokens, access their wallets, and conduct transactions with unparalleled security and ease, without storing sensitive biometric data.
• Custom Layer 1 Blockchain with DPoC Consensus: BioMatrix has developed its own Layer 1 blockchain, featuring a lightning-fast and environmentally sustainable Delegated Proof of Contribution (DPoC) consensus mechanism. This innovation allows for scalable, secure, and efficient transactions across the ecosystem.

We provide users with Web2 and Web3 offerings to enable inclusive digital engagement. Our Web2 offerings will enable users globally to collect PoY AI Tokens and join our movement while playing games, watching movies, and collecting coupons. Web3 users can collect PoY AI Tokens while, due to their location, being able to eventually trade the anticipated listed AI Tokens. 

With a strong emphasis on user privacy, BioMatrix also employs advanced encryption and zero-knowledge proofs (ZKP) to ensure transactions are secure and private. This approach protects users’ identities and financial activities within the ecosystem without compromising on transparency or trust.

• Real-World Application Integration: Unlike platforms focusing solely on digital or financial applications, BioMatrix bridges the gap between digital assets and real-world uses. In the future, we aim to facilitate everyday transactions in gaming, videos, dining, rentals, and shopping through PoY AI Tokens, enhancing the utility and adoption of digital assets in practical settings.
• Community and Economic Empowerment: Beyond technology, BioMatrix fosters a community-centric ecosystem aimed at empowering users through education, participation, and economic opportunities. It envisions a shift in wealth generation and equitable distribution, with the benefits of AI and blockchain technology shared by all.
• Innovative Tokenomics and Sustainability: The platform’s tokenomics are designed to support long-term sustainability and growth, with mechanisms in place for token recirculation, staking rewards, and governance. This ensures that the value and utility of PoY AI Tokens are maintained over time, supporting the ecosystem’s objectives and users’ needs.

Integrating these distinctive features, BioMatrix.ai aims to create a more inclusive, secure, and user-friendly blockchain environment that goes beyond traditional applications, making it a unique player in the field of blockchain technology and digital currencies.

BioMatrix incorporates cutting-edge AI technology into our ecosystem, constantly developing proprietary solutions to improve our offerings. Our app and PoY AI Tokens are intended to use machine learning and AI modeling. This technology is used for facial recognition and personalized token generation, adding strong security for users. Additionally, future AI integrations are being developed, such as personalized recommendations, AI-powered games, and coupons for consumer goods.

AI-Enabled Facial Recognition

Advanced AI-powered facial recognition algorithms are utilized to verify user authenticity through facial scans during login. This security feature ensures that each user has a single account, thus reducing fraud and protecting his or her personal account. We also use facial recognition to automate the PoY AI Tokens, in line with our Universal Basic Income mission.

The BioMatrix team has developed proprietary technology to enhance  commercially-available AI-powered facial recognition algorithms. Our proprietary improvements have increased facial recognition success from 50% to 80%, making our image processing model more advanced from a computer vision perspective.

AI-Based Token Generation

BioMatrix uses advanced AI models to mint personalized PoY (Proof of You) AI Tokens through facial recognition data. Each token is uniquely associated with the user’s facial features, ensuring its uniqueness and preventing it from being overwritten or replaced by another account. This individual token generation system enhances fraud protection by incorporating bio-signature features into our system.

Central to our mission, BioMatrix both integrates the latest AI technologies into our ecosystem and while developing proprietary technologies to enhance our product offerings. Machine learning and AI modeling are crucial for the development of our app and PoY AI Tokens. AI is employed to generate facial recognition scans, adding an extra layer of security for our users during token generation. Additionally, we are exploring future AI integrations into our product offerings, such as personalized recommendations, AI-generated games, and consumer goods coupons.

AI: Architecture of the Future

BioMatrix is dedicated to incorporating AI into future products and user engagement strategies. We are exploring the development of personalized avatars, AI-generated games, and AI recommendation systems, along with the potential use of AI agents to meet user expectations. Future AI integrations will include expert guidance for trading or exchanging PoY AI Tokens, AI engines for gaming, and AI bots for customer support to reduce costs and enhance user interaction.

Our monetization and marketing strategies will leverage AI technologies to better engage with current and potential users, thereby enhancing user engagement and retention through the provision of desirable digital products. By integrating the latest AI technologies into our data management strategy, we aim to better analyze and utilize data. These insights will enable BioMatrix to better adapt to customer preferences and needs. By integrating these advanced AI solutions, BioMatrix strives to continuously improve our ecosystem, offering secure, personalized, and innovative solutions for our users.

The BioMatrix Ecosystem is a comprehensive platform designed to seamlessly integrate AI and blockchain technology with real-world applications, emphasizing social and economic empowerment through its innovative features and services. At the heart of the ecosystem are the PoY AI Tokens, minted through biometric verification, specifically facial recognition, making them central to the ecosystem’s operations, including transactions, rewards, and the Universal Basic Income (UBI) program. This UBI initiative is a standout feature, aimed at providing financial support to users to foster a more equitable economic landscape.

Security and privacy are paramount within the ecosystem, leveraging cutting-edge biometric technology for secure and unique user identification. The ecosystem operates on its custom Layer 1 blockchain, featuring a Delegated Proof of Contribution (DPoC) consensus mechanism designed for scalability, speed, and sustainability. A key distinguishing aspect is its integration with real-world applications in sectors like gaming, video, and in the future dining, rentals, and online/offline shopping, aiming to bridge the gap between digital currencies and everyday transactions.

Privacy-preserving technologies such as zero-knowledge proofs (ZKP) and advanced encryption methods are integral to protecting users’ data and transactions, ensuring confidentiality and trust. Community governance allows users to have a say in key decisions, ensuring the platform evolves in alignment with user needs and preferences. Beyond technological innovations, the BioMatrix Ecosystem commits to empowering its users economically and socially through community engagement and economic opportunities.

The ecosystem is enriched by services and partnerships across different sectors, making it a versatile and dynamic platform. Together, these components constitute the BioMatrix Ecosystem, a platform leveraging blockchain for social good, aiming to create a more inclusive, secure, and empowered global community.

Our Layer 1 POY Chain will start as a private chain, offering a more controlled environment that can be tailored for efficiency and speed. 

We might open up the chain for the public shortly, allowing for wider adoption and participation. Stay informed through official BioMatrix channels.

We do not store our users’ facial recognition or images. Upon facial scanning, our system extracts the unique bone/facial structure of the user, encrypting the information into a source code and discarding the facial scan.

The PoY AI Token is a unique AI-based token developed by BioMatrix, designed to be minted for free by users through biometric verification, specifically facial scans.

It operates on BioMatrix’s custom Layer 1 blockchain, utilizing a Delegated Proof of Credit consensus for scalability, security, and environmental sustainability.

This innovative approach enables transactions in both virtual and real-world applications, emphasizing user privacy and eliminating transaction fees. The PoY AI Token facilitates a new model of financial inclusion, offering Universal Basic Income to users, thereby aiming to reduce financial inequality globally.

To support 60 years of Universal Basic Income (UBI) distribution for 1 billion users with a limited supply of 21 billion PoY AI Tokens, the following strategies and mechanisms will be employed:

1. Fractional Distribution: The PoY AI Tokens  could be divisible into smaller units, e.g. mini PoY, similar to how other tokens are divisible.  This will allow for the distribution of small fractions of a PoY AI Token to each user, making it feasible to support a large user base over an extended period.
2. Periodic Distribution Model: Our UBI model is structured to be distributed on a regular, periodic basis (e.g., monthly), with each distribution carefully calculated to ensure sustainability over the next 60 years. This approach involves  setting a specific amount of tokens to be distributed in each period, adjusting for factors like new users joining the system.
3. Future Staking and Delegated Rewards: Users will be encouraged to stake their PoY AI Tokens in return for additional tokens as rewards. This will help circulate the tokens within the ecosystem, with staking rewards carefully calibrated to prevent depletion of the token supply.
4. AI Token Recirculation: The ecosystem will implement mechanisms to encourage or require the recirculation of tokens back into the UBI pool after they are used. For example, transaction fees or a percentage of tokens spent within the ecosystem will be redirected back into the UBI distribution pool.
5. Dynamic UBI Allocation: The amount of UBI distributed to each user will be dynamically adjusted based on the total number of active users and the remaining token supply. This could help manage the token supply more effectively, ensuring longevity.
6. Economic Activities and Token Velocity: By fostering an ecosystem where PoY AI Tokens  are used for various transactions and economic activities, the velocity of money within the system could help sustain the UBI distribution. The more actively the tokens are used and exchanged, the greater the potential for sustaining the ecosystem without needing to distribute more tokens than available.
7. Inflation Control and Token Burn Mechanisms: Implementing token burn mechanisms and controlling inflation within the ecosystem will help maintain the value of PoY AI Tokens , making the UBI distribution more sustainable. For example, a certain percentage of transaction fees could be burned to reduce the total token supply gradually.
8. Community Governance and Adjustment Mechanisms: The ecosystem will include governance mechanisms that allow for adjustments to the UBI distribution model based on real-world performance and changing conditions. This could involve community votes on proposals to adjust distribution rates, staking rewards, and other key parameters to ensure the long-term viability of the UBI program.
9. External Funding and Reinvestment: The project could seek external funding or reinvest profits from ecosystem services back into the UBI distribution pool to supplement the PoY AI Tokens allocated for UBI.

BioMatrix Whitepaper: BioMatrix.ai/whitepaper

Our Layer 1 POY Chain will start off as a private chain, offering a more controlled environment that can be tailored for efficiency and speed. 

In the future, we will look to list some PoY AI Tokens, allowing for wider adoption and participation in the BioMatrix ecosystem. Stay informed through official BioMatrix channels.

PoY AI Tokens  aren’t for sale yet, they can only be earn via our UBI program here: https://app.biomatrix.ai/ 

Follow our social channels to stay tuned for future developments in the BioMatrix Ecosystem

As an integral component of the expansive BioMatrix Ecosystem, the BioMatrix app delivers a comprehensive array of features designed to seamlessly incorporate AI and blockchain technology into daily life, foster financial inclusion, and facilitate the practical application of digital currency across various real-world contexts.

The app empowers users to establish and oversee their digital identities through state-of-the-art biometric authentication, ensuring secure access to the ecosystem’s myriad services and functionalities. Central to its offerings is the ability for users to mint PoY (Proof of You) AI Tokens  via a biometric verification process, a cornerstone of the ecosystem’s strategy to distribute a Universal Basic Income (UBI), thereby promoting financial equality and supporting secure transactions.

Eligible participants have the opportunity to claim UBI in the form of PoY AI Tokens, underscoring the platform’s commitment to economic parity and providing a foundational safety net for its user base. Beyond its role in identity verification and UBI distribution, the app serves as a conduit for conducting transactions with PoY AI Tokens . This includes purchasing goods and services, engaging in entertainment and leisure activities such as gaming and dining, and accessing rental services and online/offline shopping, thereby illustrating the tokens’ broad utility and versatility.

Moreover, the app is a pivotal tool in linking digital currency with tangible real-world uses, streamlining transactions across a diverse array of sectors and significantly enhancing the everyday applicability of PoY AI Tokens. With a focus on promoting a secure digital identity, enabling financial empowerment, and bridging the gap between blockchain technology and practical daily use, the BioMatrix app strives to cultivate a more inclusive, equitable, and secure digital economy. Users are encouraged to consult the latest app release or official documentation to explore the full spectrum of features and capabilities available.

The BioMatrix app is available for download on both the Apple Store and Google Play Store. Just search for “BioMatrix” in the search bar, and you will be able to find our app. 

The BIO verification should not take more than 5 seconds. Please be sure to adjust your face, fitting into the scanning frame and be in a well lit area so it is easy  to detect .

To receive PoY AI Tokens, the key piece of personal data you’ll need to share is your facial biometric information.

You may review our platform’s privacy policy and terms & conditions , for a comprehensive understanding of data usage and protection measures.

We have a dedicated tech support team to assist you. Visit www.BioMatrix.AI and click on the HELP tab at the bottom right of your screen to open a ticket. Alternatively, you can reach out to our admins on Telegram at @BioMatrixAI or at [email protected].

Joining the BioMatrix Ecosystem as an early adopter offers several benefits and opportunities:

1. Early Access to Features: Early adopters gain early access to the platform’s features, including biometrically secure  digital identity creation, PoY AI Token minting, and the Universal Basic Income (UBI) program. This allows early adopters to familiarize themselves with the ecosystem and leverage its offerings ahead of the wider public.
2. Exclusive Rewards and Incentives: Early adopters will enjoy a higher rate of token distribution for their early participation and support. These rewards can be particularly valuable as the ecosystem grows and the value of its tokens potentially increases. BioMatrix may also offer exclusive rewards, bonuses during this time so be sure to follow us on our social channels. 
3. Influence on Development and Feedback: Early adopters will have the opportunity to provide feedback to our team and influence the development, improvement, and future direction of the platform. Let’s shape the BioMatrix Ecosystem together – www.Biomatrix.ai/help
4. Networking Opportunities: Being part of the initial cohort can provide networking opportunities with other early adopters, developers, and possibly the project’s leadership team. 
5. Early Adopter Advantage: By participating in our ecosystem, such as token-based transactions, digital identity verification, and accessing UBI early on, users can enjoy a first mover advantage. This can be beneficial as our ecosystem aims to disrupt traditional practices with blockchain technology.
6. Exclusive Access to Beta Tests: First-stage users will be given exclusive access to beta tests of new features and services. This not only allows you to use these features before the general public but also to contribute to the ecosystem’s robustness by identifying bugs or areas for improvement – and you might be rewarded. 
7. Recognition as a Founding Member: Early adopters might receive recognition as founding members of the community, which can come with its own set of perks, acknowledgments, and sometimes even decision-making powers within the ecosystem. We are still working on our affiliate programs, stay tuned!

To maximize these benefits, it’s important for everyone to actively engage with the platform, provide constructive feedback, and participate in community governance when available. Always stay updated with official BioMatrix communications for any announcements related to early user benefits.