GoodDollar has launched what it calls the ‘GoodDollar basic income‘.

GoodDollar wraps around yield-generating decentralized finance protocols. Those funds are used to mint a reserve-backed crypto-asset (G$), which is used for yield-payouts to Supporters who staked capital, and distributed daily as basic income to users. For those who are interested to understand more, the GoodDollar White Paper explains all the key monetary policy and monetary tools.

A longer article about this project will follow shortly.

About Malcolm Torry

Malcolm Torry has written 70 articles.