# System's Elements
## 1. **The token (G$)**
The ***GoodDollar token (G$)*** is an ERC-20, ERC-677, ERC-777 and a [**pure Supertoken**](https://superfluid.org/) (on celo) crypto token with a max supply of 2.2 trillion. It is native to Ethereum and also operates on Fuse and Celo.
## **2. The Reserve**
The ***GoodDollar Reserve*** is the smart contract that governs the vault holding the assets that back G$ tokens. The algorithm that guides the reserve is based on the Bancor formula, which has been altered to fit GoodDollar’s needs. There are two important characteristics unique to the GoodDollar Reserve:
1. The reserve supports the generation of G$. Users can always convert to and from G$ via the reserve.
2. The reserve applies an "exit contribution" to all G$ sold back to the reserve.
3. The unique math of the GoodDollar Reserve lends G$ exceptional stability.
## **4. Savings rewards**
Rewards are fixed at 5% APY.
## **5. Distribution Manager**
The **Distribution Manager** receives newly created G$ from the Reserve and distributes it.
This component acts as the **central allocator of G$ emissions**.
## **6. UBI Contract (UBIScheme)**
The ***UBIScheme*** is a smart contract that handles the distribution of G$ to all white-listed addresses.
The daily amount per claimer is calculated by:\
Daily Pool = G$ in pool divided by Cycle Days (60)\
Daily Claim = Daily Pool divided by previous day claimers \* 1.05 (5% buffer)
## **7. Governance (DAO)**
The GoodDollar governance model is based on the Compound governance model and code, as set out [here](https://compound.finance/docs/governance#comp). Critical to the process is the **GOOD token**, a non-transferable token that controls all smart contracts within the GoodDollar ecosystem.
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