In this instructional video, the host walks viewers through the November distribution of Universal Basic Income (UBI) tokens for the BitcoinMYK project using the Dividend Tool and the Zapit Android wallet. He explains that only 349 of the 6,400 registered accounts have eligible Zapit wallets, outlines how non‑crypto users can receive payments via a Memo.cash fallback, and highlights the upcoming iOS version of the wallet. The video promotes the Zapit referral code that rewards users with additional cryptocurrency, and provides multiple support channels (website chat, Discord) for troubleshooting. The host also addresses concerns about centralization, clarifying the project’s freemium model, the meaning of decentralization, and the risks associated with DeFi platforms that rely on admin keys. He reassures users that payments are being processed automatically and encourages prompt communication for any issues, ending with a call to like, subscribe, and stay engaged.
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Welcome back to the channel. I hope you're having a great day. So today we're going to be sending out the Universal Basic Income coins for the month of November here on the Dividend Tool and Zapit Wallet. So if you haven't gotten your Zapit Wallet yet, that is how the Dividend Tool is executed through your wallet. Uh, it is Android only, I believe, at this point in time in the Google Play Store. However, there are, uh, near future plans here, uh, to come out on iOS. So don't panic if you have an iOS device and aren't getting your coins yet. I think that's right around the corner, that should be going out. Um, so let's go here to Dividend Tool. We have 349, um, let's see here, wallets. That we're going to be sending to today. Uh, there are over 6,400 registered accounts on the BitcoinNYK.com site. Uh, what we have to understand is that a lot of people who are joining the project aren't cryptocurrency people. They're Universal Basic Income people as well. And as they're making the transition over into understanding how to get universal basic income payments over the blockchain. Uh, it's probably gonna take them a little time to set up wallets and so on and so forth. For some might think once they register on the site, that's it, they're done. And of course, that's, uh, one of the hurdles to onboarding a cryptocurrency, that, uh, the, uh, the learning barrier. And, uh, that takes— like many of us, it took many of us time to get that. Now with Zapit Wallet, which is a very easy user interface, reminds you of PayPal or something, Um, with the, uh, getting an account through Memo or getting an account through BitcoinMYK.com, it's much like most of their traditional, uh, sites that they use. So it's very simple for them. People won't have a problem with that. Understand that BitcoinMYK, it is meant to be a mass adoption cryptocurrency, and so it's going to attract a lot of people, and a variety of people are going to go in. Also keep in mind that, uh, um, you want to— when you get your Zappit wallet, use us, our referral code, uh, it's gonna actually get you, um, uh, Zappit cryptocurrency coins, right? Um, and, uh, so you actually get paid to use our referral link. So we'll show you how to do that before we exit the video. Make sure you're doing that with your wallet, okay? So, uh, okay, let's go to BitcoinMYK. This is going to be our dividend token for today. We're going to use the dividend format. Let's see here. Oh, okay, let's see what the receiving addresses are. This is some of our receiving addresses, right? And again, these are people who, uh, have their Zapit wallets, okay? And there will be a link in the description on how to get that. Make sure you get that because otherwise it's going to be nearly impossible for us to get you all your Universal Basic Income cryptocurrency, right? If you have issues, if you have problems in how to get it, you can go on our website and in our chat area, or you can go to our Discord channel, which a lot of people spend time in because it allows them to connect with their other cryptocurrencies groups and communities all at one time, right? So a lot of times we're there as we can engage with people a little bit easier. But if you have any problems at all, don't hesitate to ask. Do not wait. We had a guy wait like 3 or 4 months and went, hey, I haven't received anything, you know, or he was doing something or other. And all you have to do is we're generally in there every day. We'll get to your, um, questions quickly and your problems quickly. So no problem at all. Make sure you're communicating with us if you have any technical problems, right? So let's go ahead and get that out. 349 addresses out of 6,400 registered, uh, accounts. So what that's telling us is that either, um, people don't have the Zapit wallet, maybe they don't have Android devices yet. Um, and it's telling us, uh, and if I'm not mistaken, if you just have a memo account, you should still receive, uh, I'm almost 90% sure you should get the UBI payment, but it'll go into your memo account and not your ZAPID wallet. So, uh, we're gonna try that. Let me know if it did go in there or didn't. I think it will. So if you don't have an Android device, if you don't have ZAPID wallet to get your UBI payment go to memo.cash, and we'll leave a link there on how you do that. All right, so, okay, so let's go ahead and send that out. Gonna hit swipe to confirm. Sending dividends. Let's see what happens here. Let's see if everybody gets a payment. Okay, so it says here dividend invoices. Let me click on that. I'm assuming everybody got theirs, and I guess this is where I go to visit it. Now, uh, it looks like it's doing it one at a time, right? And so that's gonna take a while, it looks like. But it is, as you can see, doing it automatically. So hopefully this won't take more than, um, hopefully it won't take more than, um, you know, a day or two for you guys to get your, uh, dividend payments. I hope not. Um, But anyway, let us know if you have any problems receiving them. Just double-checking here, make sure that was going on. Yep, it looks like that's what's up. Oh, it's moving a lot faster now. So it's not gonna take that long at all. As you can see, it's moving on down the line. And it might take several hours or something, but you're probably gonna get it today, right? What else do we have here? We also want y'all to help y'all understand about this Project BitcoinNYK. I know a lot of people have accused us being centralized, and it's very true. We have a, uh, to a certain degree, we have a, a, uh, bitcoinmyk.com, right? And, uh, well, because we have our gateways there and we have our accounts there, of course, when you attract that much traffic and activity, it's going to create value to that, to that platform, right? The value it creates goes back in the cryptocurrency market. Now, what people need to understand is that, um, When we're looking at the broad idea of decentralization, a lot of people tend to think it's just about decentralizing servers. And what's the problem with that? Well, one person, one entity, um, can control, uh, large data mining centers, right? You have one entity, and I think we're all clever enough to understand that that is not what decentralization is. So what is decentralization? Well, decentralization works something like this. We use a freemium service where everybody gets our cryptocurrency sent out to them, and the more people you have holding your cryptocurrency and the bigger your network, the less centralized you are. So I think that's very important for people to understand when they're throwing around ideas of decentralization. We've been looking at DeFi coins, and DeFi coins have administrators with keys We've had all types of bugs and issues and hacks with decentralized finance systems. And these things aren't as safe as people might think. And with these administrators having keys, I would venture to say they're not very centralized either. So that's just something to think about. Again, if you have any questions about your universal basic income payment, let us know immediately. Do not wait. We will be available to help you. But that's all I wanna say in this video. If you like content like this, don't forget to like, subscribe, And until next time, as always, take care.
