Carpe Diem launches a New Pension Model on the Blockchain
On January 1st, 2024, Carpe Diem Pension came to life. This is a new way to build an alternative pension without the need for intermediates (banks & pension funds). It operates autonomously through the CDP token on the Pulse blockchain. People build up their pension collateral by making a monthly deposit in CDP. The accrued […]
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On January 1st, 2024, Carpe Diem Pension came to life. This is a new way to build an alternative pension without the need for intermediates (banks & pension funds). It operates autonomously through the CDP token on the Pulse blockchain.
People build up their pension collateral by making a monthly deposit in CDP. The accrued collateral is bound to their accounts and cannot be withdrawn. This permanent collateral cannot be touched by anyone, meaning that it cannot be used by the program to pay out others, or to gamble on investments. At the time of writing, the yearly payout percentage is about 9%. This is paid from the yearly inflation rate of 4.32%. As not all CDP is locked, the payout percentage is higher than the inflation rate. There’s no need for a company to make profits or for new people entering the system to pay out users.
Besides being based on blockchain technology, Carpe Diem Pension invented a brand-new model for handling deposits and payouts in a robust and sustainable manner.
Robust
The program cannot be changed and runs on a giant and transparent blockchain network. This results in more resilience, predictability, and credibility.
Fair
A blockchain account is needed to participate. This account isn’t tied to personal details. Therefore, it is impossible for the program to discriminate certain groups or individuals. Every blockchain account is treated equally in the program.
Safe
Deposits in CDP aren’t going anywhere. They are locked forever and can’t be touched by anyone. This means that it cannot be used to pay out other users, nor can it be used to make investments where you have little to no influence over.
Sustainable
The program pays out through the creation of new CDP tokens. The inflation is 4.32% a year and all of it is distributed as payout to users.
No Minimum Age
Users decide themselves at what age they retire. By making a monthly deposit, they increase their pension collateral, which generates a pay out, effective immediately. When users are content with the height of this pay out, they can decide to retire. A larger monthly deposit means that it is possible to retire earlier.
Retire Wealthy
It is possible to retire with a higher pension income than your initial income. Work hard, retire wealthy.
Multi-generational
Pension incomes can be multi-generational. Hand the blockchain account over to family, and they receive your built-up pension income.