Is GoodDollar a cryptocurrency?
I recently heard about GoodDollar and I'm wondering if it's a cryptocurrency. I know there are many digital currencies emerging these days, so I want to confirm if GoodDollar is one of them.
What is GoodDollar crypto?
GoodDollar crypto is a project that utilizes decentralized technology to provide a digital universal basic income. It aims to empower millions around the globe by distributing an ERC-20 token, G$, as UBI to registered members every day. The G$ tokens are backed with USD stablecoins and can be used in various dapps or in real-life scenarios to support community initiatives. GoodDollar boasts a sustainable model, with no pre-mint, no private sale, and no founder allocation, focusing on directing financial assets to those who need them most.