GoodDollar Protocol & G$ Token
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The GoodDollar protocol is multi-chain by nature: all core protocol contracts related to the creation of G$ token occur on Ethereum mainnet, and all distribution of G$ tokens as UBI to end-users happens on L2s or side-chains, which make it practical and accessible for lower-income users. Currently, G$ is distributed as UBI on two , Celo and Fuse.
GoodDollar’s UBI distribution mechanism is based upon a daily distribution of G$ tokens to all verified members. G$ tokens are minted regularly in accordance to the . These tokens are then taken and divided between between contracts to be distributed as UBI, or allocated for other ecosystem need. The pool of G$ universal income is divided equally among all users who log in within a 24-hour period to make a claim. This mechanism encourages the flow of G$ to those who exhibit the greatest appetite for it. The enforced 24-hour gap between claims and the periodic requirement to re-validate identity creates a natural filtering method, referred to as “Proof of Need”.
GoodDollar utilizes face verification and liveness testing through Facetec’s Zoom 3D technology. FaceTec is the first and only **face authenticator certified to Level 1 & 2 in the the i Beta/NIST (More )
Yes, you can exchange your G$ for other currencies on different DEXes on Celo and Fuse Network. You also have access to.
On Celo, you can exchange your G$ on , and on Fuse, on .
In and also on .
G$ is a digital token that has a real price in USD. The live price of GoodDollar, circulating supply, and the value of can be found on the .
GoodDollar is a fixed supply currency with the total number of G$ coins to be minted set at 2.2 trillion. All G$ are minted by the GoodDollar Reserve. You can check the current G$ supply .
In the GoodDapp, you have the opportunity to your G$s on the Fuse Network. As a reward, you'll earn GOODs, the non-transferrable governance token of our GoodDAO.
If you are interested in learning more about GoodDollar liquidity, including how to provide liquidity, .