This peddling of yet another cryptocurrency as a solution for a problem in society is just stupid.
No, it is not going to work. Nobody who actually earns reasonably good money and is not a part the original promoters of this new cryptocurrency will ever take it seriously. Why would anybody except this money as a payment if one is told that 10% of it will always be left in the hands of the freeloaders who just signed up to it hoping that somehow by magic they don’t need to work now and can live off the dividend, without actually spending their real money on anything?
To me this whole project seems like an hope of wishy-washy lefties who have lost any connection to reality and don’t understand how people and money work, to achieve the aims of their ideology by jumping on a bandwagon of Bitcoin (because the alternative is worse — it would be some people trying to make money on promoting yet another cryptocurrency to gullible lefties).