GoodDollar $G

GoodDollar is a revolutionary social-impact protocol that utilizes the power of decentralized finance to create, expand, and maintain value for distribution as a global Universal Basic Income (UBI) in crypto form. Its primary goal is to make digital currency accessible and usable for everyone with a cell phone, ensuring wealth distribution while delivering returns for social investors.

About GoodDollar

Moving beyond traditional financial systems, GoodDollar is at the forefront of establishing a UBI economy that is sustainable by design, employing a reserve-backed cryptocurrency known as G$. This innovative approach is founded on the AMM Bancor Formula's supply policies, which not only determine the G$ price in accordance to a reserve ratio policy, but also generate the supply required by buyers, holders, G$ merchants, and liquidity providers. Additionally, it lets them gain cash back from the reserve based on the same contract policies.

GoodDollar's Economic Model

The GoodDollar protocol is inherently designed to create a sustainable Universal Basic Income for everyone. It achieves this by encouraging DeFi investors to stake a portion of their portfolio into GoodDollar Trust Funds. These are essentially smart contracts that gather the yield generated from depositing supporters' money into third-party DeFi protocols like Compound and Aave.

Functioning of the GoodDollar Trust Funds

The yield collected from these external protocols is then fed into the GoodDollar Reserve contract. This contract socially optimizes the use of the funds by generating G$ and distributing it equally among all UBI claimers, who are identified as unique humans to ensure fairness. This unique model ensures that UBI is both generated and backed by real value instead of mere coin inflation.