GoodDollar is a digital basic income protocol that aims to make the global economy more inclusive by distributing free cryptocurrency daily to anyone, anywhere. At its core, GoodDollar leverages decentralized finance (DeFi) tools to generate and distribute value in a sustainable, transparent, and equitable way. It is a movement powered by community members who believe that everyone deserves access to financial opportunity, not just the few.
How It Works
GoodDollar uses a smart-contract system to:
- Generate yield from DeFi protocols.
- Distribute that yield as daily universal basic income (UBI) in the form of G$ tokens.
- Empower users to spend, save, and grow their income within the ecosystem.
By participating, anyone can:
- Claim daily G$ using the GoodDollar wallet.
- Support the system by staking assets in partner protocols (like Celo or Fuse) to help fund daily claims.
- Engage with the community through initiatives like GoodBuilders, GoodMarket, and Learn & Earn.
Overview of the G$ Token
The G$ token is the heart of the GoodDollar ecosystem, a digital token that represents value distributed through the protocol.
- Symbol: G$
- Type: ERC-20 compatible token
- Purpose: Used for claiming, sending, receiving, and transacting within the GoodDollar ecosystem.
- Distribution: G$ is minted daily and distributed to users who claim it through the GoodDollar app.
Key Features
- 💧 Inclusive: Free daily G$ claims for all verified users.
- 🔗 Interoperable: G$ can be sent or received across supported blockchains.