Question 1

How does GoodDollar work?

Accepted Answer

GoodDollar is a blockchain‑based universal basic income (UBI) protocol built on Ethereum and Celo, with G$ as an ERC‑20 token. It uses smart contracts and DeFi to stream free daily income to verified users worldwide via a mobile‑first wallet. The system also connects to identity and sybil‑resistance tools so funds reach real people, not bots, and integrates with other dApps for broader Web3 usage.

Question 2

Is GoodDollar a secure platform?

Accepted Answer

Security is enforced through publicly audited smart contracts, strict access controls, and constant monitoring of protocol balances and libraries. GoodDollar has undergone multiple external security audits and uses clear bug‑reporting and bug‑bounty procedures to protect user funds. The platform is designed so that users withdraw funds themselves, which helps isolate risks and keeps the system safe for everyday use.

Question 3

How to use GoodDollar?

Accepted Answer

First, users create a wallet on the GoodDollar web or mobile interface and verify their identity through the integrated sybil‑resistant system. Next, they claim their daily G$ basic‑income allowance and can send or receive G$ in peer‑to‑peer transfers. Finally, users can spend G$ in partner dApps, contribute to or create GoodOffers, and participate in GoodDAO governance using G$‑backed voting.

Question 4

What services does GoodDollar offer?

Accepted Answer

GoodDollar offers a blockchain UBI platform with a free‑to‑claim G$ token, a self‑custodial wallet, and DeFi‑based income distribution. Users can get daily basic income, store G$ safely, and use it for payments, donations, or micro‑loans inside the ecosystem. Developers and projects can integrate GoodDollar identity and G$ into their dApps to onboard new users and incentivize participation.