# Welcome to GoodDocs!

Welcome! [GoodDollar](https://gooddollar.org/) is a decentralized currency for the commons initiative. Here you can find all the open-source documentation for the smart contracts and interfaces!

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Read project's [vision](https://docs.gooddollar.org/gooddollar-ecosystem-vision) and [whitepaper](https://app.gitbook.com/o/-LdiTCmTgO528x-BXAcj/s/-MDJZ90hckMjsyfhG9Vx/) for deep dive into the philosophy and decision's rationals
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Let's get started:

## Gooddollar - A currency for the commons

[GoodDollar](http://www.gooddollar.org/) is a people-powered economic framework to generate, finance, and distribute a global currency to fund the commons via the GoodDollar token (“G$ coin”). Its goal is to reduce wealth inequality through supporting local and digital commons communities with funding and through the creation of a universal basic income (UBI). 

GoodDollar leverages new protocols and smart contracts to deliver a “trickle-up” value structure, which places money in the hands of those who need it most. This is the reverse of the conventional trickle-down approach to capital, credit, and interest-bearing money.

A digital asset that operates within the emerging ecosystem of decentralized and open finance, G$ coin is backed by a monetary reserve of cryptocurrencies and thus has tangible value and is **always liquid**. G$ coins are liquid and convertible to other cryptocurrencies, and will be available to buy and sell directly via the GoodDollar GoodReserve smart contract.

The value in the GoodDollar reserve was initially seeded by eToro, Celo and XDC. Its growing value comes from the underlying demand for a G$ based economy. The more people and communities choose to transact with G$ the more value will accrue in the reserve. Cryptocurrencies held at the reserve can earn interest which further increases the value in the reserve.

The funding of the commons and UBI is done through a dynamic money creation rate that can change according to the economic conditions and is governed by the GoodDAO.

## Four main components to the Gooddollar project:

1. [Protocol](https://docs.gooddollar.org/how-gooddollar-works)
2. Easy to use [Wallet](#gooddollar-wallet) with built-in community features
3. Ecosystem [GoodDapp](https://docs.gooddollar.org/wallet-and-dapps/gooddapp) , [GoodCollective](https://docs.gooddollar.org/wallet-and-dapps/goodcollective) and more
4. Ecosystem [Dashboard](http://dashboard.gooddollar.org)

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If you wish to contribute please read [this](https://docs.gooddollar.org/for-developers/contributing).
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Thanks for your interest!

**The GoodDollar Team <3**


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