GoodDollar Ecosystem Vision
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Read more about the Ecosystem fund in this article: https://medium.com/gooddollar/launching-goodbuilders-the-first-initiative-of-the-250k-gooddollar-ecosystem-fund-5aaf209cf892
The new chapter is GoodDollar UBI Economy 2.0 — transitioning from simply distributing G$ to building a sustainable digital economy where G$ circulates through investments, grants, and real economic activity, ensuring lasting value creation. Opportunity: If you’re a developer or innovator in fintech, you can contribute by building mechanisms for G$ users – whether it’s peer-to-peer lending dApps, integration with existing finance platforms, or novel new models using GoodDollar data. As the ecosystem matures, recipients could gain access to financial tools and services previously out of reach, further breaking the cycle of poverty.
Grants and Supporters stake or donate capital into the GoodDollar Reserve, which uses the yield and value of the reserve to mint G$ tokens. These G$ are distributed as daily UBI to Recipients, who spend them in the economy (peer-to-peer trades, Businesses, dApps). Entrepreneurs will be able to receive additional G$'s through different initiatives as part of the GoodDollar Ecosystem Fund. Investors can buy G$ directly from the Reserve or use any available pools on decentralized exchanges, adding capital to the system. Entrepreneurs and Businesses accept G$ for goods/services, expanding utility. Impact Pools (targeted funds) channel additional resources to specific social causes via G$. A virtuous cycle forms as the community uses G$, and even micro-credit opportunities emerge based on G$ usage and trust.
Supporters and impact funds put capital (or its yield) on one end, which comes out as universal basic income in G$ to individuals on the other end. Those individuals become active economic agents, transacting with entrepreneurs and businesses in G$, and even attracting investors and additional funding into the system. This cycle is governed transparently on-chain and is open for anyone to join at various points – whether you want to fund it, claim it, build on it, or scale its impact. The vision is a self-sustaining UBI economy where every stakeholder’s participation strengthens the whole – aligning financial incentives with social good, and demonstrating a working model of UBI powered by crypto. Each step of the way offers a chance to contribute: from donating or staking funds, to writing code or starting a G$ business, to simply spreading the word and growing the network. GoodDollar invites an intermediate to advanced audience to not only understand this flow but to become part of it – helping prove that a more equitable economy can be built one G$ at a time.
Share your ideas, or ask for development support. Be sure to check out the GoodBuilders Program! For discussion on Discord or various program events: GoodDollar Discord Development We are also on Telegram: GoodDollar Builders