GoodDollar — a human-driven platform for creating, funding and distributing global basic income with the GoodDollar token. Its goal - to provide a basic standard of living and reduce wealth inequality by creating a universal basic income.
About the crypto new GoodDollar project
GoodDollar runs on Ethereum using smart contracts, written in Solidity with G$, designated as an ERC20 token. As a means to achieve the goal, transactions, using G$, are carried out on the Ethereum sidechain, Fuse, which provides low-cost transactions in high volumes.
A digital asset that operates within an emerging ecosystem of decentralized and open finance, the G$ coin is backed by the monetary reserve of cryptocurrencies and has a material value. G$ coins are liquid and can be converted into other cryptocurrencies and can be bought and sold directly through the GoodDollar GoodReserve smart contract.
Key features:
| 1 | Serves as a visual interface for protocol core smart contracts on the main Ethereum network. |
| 2 | Dapp allows you to bid, buy/sell G$ directly for reservation and management. |
| 3 | Dapp is 100% open source, deployed and managed by community stakeholders. |
The value of the Good Dollar reserve comes from interest, generated by backers who stake cryptocurrencies on decentralized third-party protocols. Due to the accumulated reserve interest, G$ coins are minted. They help to pay interest payments to supporters at the market rate, while a daily amount of G$ coins is set aside for distribution as the main income.
Good Dollar on social media
The Good Dollar protocol does not have its own interface. Community members can deploy their own dapp interface to further decentralize the protocol. Users can either directly interact with Good Dollar smart contracts through Etherscan or through one of the interfaces, deployed by the community.
You can get more information about the coin defi project through the introductory document. From social networks, the community leads:
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