You cannot just create a crypto out of thin air and expect it to have value, unless you are selling eye scan data to generate revenue that might give value to these tokens somehow. I fail to see how any crypto can be UBI, if they do not have value in dollars. UBI cannot be done through a private person, must be done through the government, which makes me think he is intending to partner with the government to make this a reality. It sounds really really disgusting. It actually seems like a backdoor to raising money via ICO, the con being you provide your eye scan (something valuable) for a worthless token (something worth zero). The con being they con people into believing these tokens are in fact valuable somehow. If this was a contract, it would fail contracts law 101 since something of value must be exchanged on each side.