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GoodDollar (G$) A Universal Basic Income Cryptocurrency Project

  • What is GoodDollar?
  • How to use G$
  • GoodDollar Marketplace
  • GoddDollar Price Prediction
  • How do I withdraw my G$?
  • When will G$ list on an exchange?
  • GoodDollar referral program

GoodDollar is a digital coin of a non-profit organization on a mission to leverage new blockchain technology to deliver a scalable, sustainable model to deliver basic income.

GoodDollar is founded by Yoni Assia, the co-founder and CEO of eToro. It aims to provide a digital form of Universal Basic Income (UBI) to anyone that signed up and keeps claiming GoodDollar every day worldwide by issuing a stablecoin named G$.

GoodDollar just like many other cryptocurrencies projects is built using public blockchains to create and distribute its global basic income system. It operates on the Ethereum main net and, an Ethereum side-chain.

G$ is a crypto asset that adheres to the ERC-20 token standard. If you need more details on that, go through it on white paper.

This project was launched on September 7th 2020 and the organization has released several beta wallets with demo "play tokens" before this date.

How to use G$

According to GoodDollar, it is a currency that goes directly into the hands of people (no banks or other governing middleman mechanisms). It is intended to drive economic activity in a bottom-up way.

G$ usage was a test run in a peer-to-peer (P2P) marketplace context with 500 eToro employees in Israel at the turn of the year. The beta began by allowing eToro employees to log in and claim demo G$; after enough employees acquired enough demo G$, they used their G$ to conduct peer-to-peer commerce and standardize barter, buying and selling homemade birthday cake, vegetables from the garden, used iPhones etc.

GoodDollar Marketplace

The GoodDollar marketplace is for buying and selling goods & services with G$. The coin and its wallet allow you to receive a FREE basic income with real monetary value straight to your phone.
Here is a step-by-step guide on how to sell goods or services on the GoodDollar Marketplace.
  • Login to G$ App a marketplace button will pop up and create your Account with your Facebook or Email Address.
  • Go to the menu, and click the "+Post A New Listing" button at the top of the page.
  • Your post Must Include the following:
  • - Detailed Description
  • - Price in G$
  • - Location.

GoodDollar (G$) Price Prediction?

The current price of G$ according to the GoodReserve is $0.000173 as you can see here:
According to some market experts/analysts by the year 2031, the GoodDollar price is estimated to reach a minimum of $0.006 and a maximum of $0.008 making it the next nine years to this time of writing this line.

How do I withdraw my G$?

You can withdraw your G$ balance to a Metamask wallet by following this guide on Notion.

When will G$ be listed on an Exchange?

  • GoodDollar is listed on Fuseswap where you can swap it for stable coins like USDT, BUSD and others 

GoodDollar referral program

eToro, an Israeli social trading and multi-asset brokerage company, one of the world's leading social trading platforms has announced its funding rewards for the next one million users of its GoodDollar project following the launch of a new referral program.

Users will receive a bonus of 100G$ for each new invite that is signed up. New users are set to benefit too and receive a welcome bonus of 50G$ once registration is completed.

A lot of companies have been attempting different innovations of blockchain technology to carry out Universal Basic Income with the likes of Zeropoverty, Circles, Myubi, Inksnation and Basic Income Earth Network. All are experimenting with the crypto-centric basic income.

Have you signed up for GoodDollar? What is your take on the project, leave your comment.

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