<p>GoodDollar is a decentralized universal basic income protocol with a mission to democratize financial inclusion and deliver free money as a public good in the form of digital universal income. Launched in 2020, GoodDollar has onboarded and delivered income to over 600,000 users from 181 countries, and is recognized as a leading example for how blockchain-based finance can advance financial empowerment for individuals worldwide. This initiative is especially focused on supporting those in underdeveloped economies, with 45% of its user base living on less than $13 per day. Its primary aim is to provide free, useful digital universal income to anyone with a mobile phone, regardless of their tech or crypto knowledge. Operating as a non-profit, GoodDollar is one of top used blockchain projects in the world, the GoodWallet UBI dapp consistently ranks among the top 10 most used blockchain dapps globally, and G$ token is one of the top 20 ERC-20 transacted tokens. </p>
<p>GoodDollar leverages blockchain technology to establish a sustainable and scalable protocol and open source infrastructure for UBI creation and distribution. At its core, the GoodDollar protocol and tokenomics focus on three key principles: sustainability, predictability, and liquidity. GoodDollar distirbutes a daily digital basic income in G$ tokens (G$)to registered members that have been confirmed as unique and live individuals. GoodDollar (G$) is a reserve-backed token that is collateralized by USD stablecoins, and minted according to a rate set by a bonding curve. Funding to the GoodDollar reserve is sourced from corporates and individuals that commit their yield-earnings or blockchain fees to support funding a sustainably UBI for all. This approach ensures that UBI distribution remains sustainable and harmonious, as it balances the supply and demand of G$ tokens. Further protocol development is focused on developing additional segmentation capabilities based on a secure, privacy-protected dynamic identity of registered members. </p>
<p>GoodDollar's members are a diverse global community, with a strong presence in emerging markets, where 67% of users reside. Importantly, 43% of these users come from households with annual incomes of less than $5,000, with key local chapters in Nigeria, Brazil, Cameroon, Ghana, Philippines, and Latin America. Many GoodDollar users, around 30%, harbor entrepreneurial aspirations, reflecting their desire to use blockchain-based finance and monetary innovation to improve their financial standing and well-being. Notably, 100% of the user community recognizes the pivotal role of cryptocurrency in their pursuit of financial goals.</p>
<p>This global community engages with GoodDollar in various ways. Entrepreneurial community leaders have implemented G$ for payments to facilitate local commerce, such as pre-owned clothing and handcrafted goods sales, fostering circular economies within their local communities. Others use their G$ distributions to cash-out, off-boarding into fiat currency via for airtime and mobile money. Critically, GoodDollar serves as an educational tool, enlightening individuals about concepts such as decentralized finance (DeFi) and renewable finance, contributing to financial literacy. Examples of this include community savings groups, akin to tontines, are being established and managed using G$ tokens, or digital creators that have created and launched NFT collections based around G$ and its community. Furthermore, G$ is a valuable tool for crowdfunding non-profit initiatives, showcasing its potential for philanthropy. GoodDollar's diverse user base and engagement underscores its significance in addressing global financial needs and aspirations.</p>
<p><strong><a href="https://docs.gooddollar.org/">Explore GoodDollar Documentation</a></strong></p>
<p>Learn more and discuss <a href="https://discuss.octant.app/t/gooddollar-worlds-largest-decentralized-universal-income-project/73/1">GoodDollar on discuss.octant.app</a>.</p>