GoodDollar is a people-powered framework to generate, finance, and distribute global basic income. Its goal is to provide a baseline standard of living and reduce wealth inequality through the creation of a universal basic income (UBI).
Despite efforts to address inequality, the economic crisis resulting from the coronavirus pandemic has only accelerated the trend. In June 2020 it was calculated that billionaires in America saw their wealth rise by 20% – or $584 billion – since mid-March, while some 46 million Americans filed for unemployment during the same period. Similar disparities are evident in other nations.
The GoodDollar protocol presents an opportunity to invest in equality – a “trickle-up” basic income economy that places liquidity in the hands of those who need it while uniting the incentives of all who hold G$, whether they choose to participate as a basic income Supporter or Claimer.
