UBI
Homebase:
,
Israel
Team size:
21-50
Established:
2020
Current stage:
Seed
Token:
G$
Description:
GoodDollar is an open, people-powered decentralized protocol capable of generating a scalable and sustainable basic income token. The GoodDollar team strongly believes that a “trickle-up” value structure that delivers liquidity into the hands of people is preferable to the conventional trickle-down approach to capital, credit, and interest-bearing money conceived in the 1980s. GoodDollar is a blockchain protocol that draws upon the unique capabilities of decentralized finance (DeFi hereafter) to sustainably mint a basic income token for distribution to a global user network.
Value Proposition:
The GoodDollar Protocol is a new standard to sustainably fund free money as a public good in G$ token. Its mission is to enable money to sustainably flow freely to people who need it most, where it will be used most productively, as a peer-to-peer currency. It does this through the funding and issuance of GoodDollar token - G$ - a reserve-backed token that functions as an automated market maker. The protocol and its core tokenomics seek to offer a flexible, permissionless architecture to support the funding and distribution of G$ token, through multiple engagement models that could suit a range of different stakeholder types.
Milestones
1.
GoodDollar's major milestone includes the launch of V2, enabling capital staking and direct G$ transactions for scalability.
2.
A generous grant from the Celo Foundation bolsters GoodDollar's mission to eradicate poverty through UBI.
3.
GoodDollar's rapid growth on Celo, attracting 80,000 monthly users, supporting over 530,000 UBI recipients in 181 countries.
4.
A successful Proof of Concept distributed over $50,000 in G$ to 1,000 users, showcasing the platform's potential.
Report
GoodDollar Insight
August 7, 2023