The Good Dollar is a project launched by the e-trading brokerage eToro as a corporate social responsibility (CSR) initiative. It is launched on the Ethereum blockchain in September 2020.Cryptocurrency is an immaterial system of money that has secure coding. Additionally, people can exchange it virtually and governments do not control it. Yoni Assia is the mind behind the GoodDollar project and coin (G$), the virtual currency that intends to democratize the economy by working to promote universal basic income and reduce inequality. 

GoodDollar’s Mission

Yoni Assia believes that “many disadvantaged people are deprived of opportunities that can lift them out of poverty, including access to capital markets and opportunities to work digitally.” That’s why the GoodDollar project aims to alleviate this by promoting financial inclusion and empowerment around the world.” The creator of GoodDollar is also the founder of eToro, a social trading company and platform responsible for investing $1 million in the new cryptocurrency.

How GoodDollar Works

GoodDollar can benefit anyone who signs up and creates an account (a wallet). For that, people need to record a short video to ensure that they are real humans, not bots, and they can complete the entire sign-up process in less than 5 minutes. There are two groups of users, claimers and supporters. Claimers are people who benefit from free digital cash (G$) without the need to invest any amount, being allowed to claim it every day and use it to pay for goods, services and exchange it with friends.

Supporters

People who fund the G$ supply by staking their capital. They do not lose their principal and continue to receive interest provided by the G$ platform.

According to whitepaper, every G$ coin is collateralized in a supported cryptocurrency on a one-to-one ratio. For example, every 1 ETH, another decentralized cryptocurrency, moved into the reserve produces G$ coins in equal value.

Claimers

People who receive G$ coins. These coins are part of the interest generated by the supporter’s staked capital.

After supporters’ interest is paid out, the remaining balance of G$ coins minted from interest is distributed equally on a daily basis as basic income to claimers. The payment is divided evenly between the number of claimers that issue a claim on a given day.

A Promising Future

Tal Oron, GoodDollar project director, hopes that within a few years, “GoodDollar [will distribute] $2 a day per person, and, together, as a global community, without government support, raise hundreds of millions of people above the poverty line.” The way that GoodDollar promotes universal basic income will only benefit people globally.

Referral Link 

(https://wallet.gooddollar.org/?inviteCode=jd35Jk5Vrc)

Join and sign up from this link. You need to verify with selfie. This is very easy verification. After your wallet will be eligible and you will start to claim you G$.

What do you think about G$? It can be 2 dollar for everyday? Is this possible? Lets argue with this subject.

Sources :https://borgenproject.org/promotes-universal-basic-income/

https://research.aimultiple.com/good-dollar/