What is GoodDollar ($G)?
"GoodDollar is a social-impact protocol that leverages decentralized finance to mint, grow and sustain value to distribute as a global crypto Universal Basic Income /UBI). We enable every person with a cell phone to be able to experience, learn, and use digital currency, distributing wealth while projecting return for social investors.
How does GoodDollar work?
GoodDollar is generating a sustainable-by-design UBI economy, by the issuance of a reserve-backed cryptocurrency (G$) with supply policies is based on the AMM Bancor Formula, which sets the G$ price (according to a reserve ratio policy) and generates the supply that is demanded by buyers, holders, G$ merchants and liquidity providers, as it also enables them to cash back from the reserve according to the same contract policies.