The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

US City Handing $600,000 To Residents As New Guaranteed Income Pilot Witnesses ‘Astounding’ Demand

by Daily Hodl Staff
November 8, 2024
in Financeflux, Futuremash

A group of residents in one US city will soon receive thousands of dollars from a new guaranteed income pilot program.

Officials in the city of Salem, Massachusetts say they had to abruptly close registrations for Uplift Salem due to an “astounding” amount of demand.

The program will distribute a total of $600,000 to people who are struggling to make ends meet.

One-hundred participants will receive $500 per month over the course of a year, with no restrictions on how the money can be spent.

To qualify, Salem residents need to prove they live in the city and show a household income at or below 100% of the federal poverty level.

Saylem Mayor Dominick Pangallo says he hopes the pilot will be a model for larger programs down the road.

“We want Salem to be an affordable place for everyone, and a guaranteed income program offers an innovative approach to help achieve that goal.

Hopefully, the outcome of this year-long effort will be to add to the momentum for greater state and federal support for these programs and, most importantly, to lift up some of our most vulnerable neighbors here in Salem.”

Pilot members will be randomly selected from eligible applications and participants will receive their first payments by December 1st.

The program is backed by funds from the American Rescue Plan Act and a private contribution from the nonprofit organization UpTogether.

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

 

Submit a Press Release

Industry Announcements

  • iAero Protocol Launches Token Sweeper, Distributes 5% of LIQ Supply to Stakers
    December 4, 2025
  • TrueNorth Raises $3M to Build Domain-Specific AI for Finance
    December 4, 2025
  • Uphold Files Application to Offer Tokenized Securities and Partners with tZERO on Infrastructure Services
    December 4, 2025
  • COINPAYMENTS becomes Global Partner of Aston Martin Aramco Formula One Team
    December 4, 2025
  • I-ON Digital Corp. Deploys $200M in AUM Backed by In Situ Gold as Treasury Expands Its RWA Strategies
    December 4, 2025
  • DoGeshBhai (DGBhai) – India’s Meme Power Arrives on Solana With Speed, Humor and Desi Crypto Energy
    December 3, 2025
  • BC.GAME Named Exclusive Gaming Partner of Crypto Fight Night 2025
    December 1, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$92,189.70
$92,189.70
1.06%
Ethereum
$3,167.20
$3,167.20
1.3%
BNB
$904.28
$904.28
1.13%
Wrapped SOL
$138.84
$138.84
3.67%
XRP
$2.09
$2.09
4.29%

Spotlight

  • U.S. Bank Joins Stablecoin Race With New Test On Stellar (XLM) Blockchain: Report
    November 27, 2025
  • Fake ‘Bank of America’ Representative Drains $19,800 From 84-Year-Old Man Over The Phone: Report
    November 27, 2025
  • Analyst Forecasts Major Solana Breakout in 2026, Updates Outlook on Bitcoin, Ethereum and BONK
    November 28, 2025
  • Tether CEO Paolo Ardoino Responds to S&P’s USDT Downgrade, Says Stablecoin Giant Takes It With Pride
    November 28, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl