About GoodDollar
"GoodDollar is a social-impact protocol that leverages decentralized finance to mint, grow and sustain value to distribute as a global crypto Universal Basic Income /UBI). We enable every person with a cell phone to be able to experience, learn, and use digital currency, distributing wealth while projecting return for social investors. GoodDollar is generating a sustainable-by-design UBI economy, by the issuance of a reserve-backed cryptocurrency (G$) with supply policies is based on the AMM Bancor Formula, which sets the G$ price (according to a reserve ratio policy) and generates the supply that is demanded by buyers, holders, G$ merchants and liquidity providers, as it also enables them to cash back from the reserve according to the same contract policies. GoodDollar is designed to generate a sustainable Universal Basic Income for all, by socially incentivizing DeFi investors to stake part of their portfolio into GoodDollar Trust Funds, a set of smart contracts that aggregates the yield generated by having deposit the supporters money in third party DeFi protocols (Compound, Aave…), feed it into GoodDollar Reserve contract and socially optimize the usage of that money by generating G$s and distribute it equally to all (unique humans) UBI claimers. This way we asure that UBI is generated and backed by real value instead of just coin inflation."
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Market Stats
Market Cap
Not enough data
FDV
₹21.46B
Circ. Supply
Not enough data
Max Supply
2.2T G$
Total Supply
6.9B G$
Total Value Locked
₹2.31M
Diluted Valuation
₹67.16M
Performance
Popularity
Not enough data
Dominance
Not enough data
Volume (24H)
₹214.94K
31.46%
Volume (7D)
₹1.60M
Volume (30D)
₹6.46M
All time high
₹0.0220
Price Change (1Y)
Not enough data
106.04%
Additional details
Market details
G$ vs markets
↗ 126.27%
G$ vs BTC
↗ 127.11%
G$ vs ETH
↗ 130.06%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x67C5870b4A41D4Ebef24d2456547A03F1f3e094B | |
Celo Gold | 0x62B8B11039FcfE5aB0C56E502b1C372A3d2a9c7A | |
Fuse | 0x495d133b938596c9984d462f007b676bdc57ecec | |
Celo Gold | 0x62b8b11039fcfe5ab0c56e502b1c372a3d2a9c7a |
Price history
Time | Price | Change |
|---|---|---|
Today | ₹0.0097 | |
1 Day | ₹0.0099 | |
1 Week | ₹0.0097 | |
1 Month | ₹0.0097 | |
1 Year | ₹0.0045 |
FAQ
GoodDollar (G$) is a digital asset that strives to provide a form of universal basic income (UBI) to its registered users. It is a reserve-backed token, initially backed by DAI, and is distributed daily to users. The model is sustained by supporters who deposit underlying assets onto the platform and then yield farm on supported DeFi protocols. A portion of the accrued interest is returned to supporters, with the rest collateralized for new G$ tokens that are distributed each day. GoodDollar is a non-profit initiative funded by donations, with a mission to financially empower individuals around the globe using decentralized technology.
GoodDollar operates by leveraging the power of decentralized finance (DeFi) to issue and distribute G$ tokens daily to registered members as a form of universal basic income (UBI). Supporters deposit underlying assets onto the platform and yield farm on supported DeFi protocols. The interest accrued is partially returned to the supporters, while the rest is collateralized for new G$ tokens that are distributed each day. This system seeks to create a sustainable model for UBI, making cryptocurrency accessible and useful to anyone who wants it.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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