GoodDollar is a universal basic income protocol that distributes daily UBI, with over 343,000 registered users on Celo and 80,000 monthly active users. The goal of Gitcoin 21 is to use funds to double G$ transactions in the next six months, aiming to increase from 24 million to 50 million transactions.
GoodDollar is already the most used project on Celo and has generated 24 million transactions on Celo - the goal of this grant is to reach 50 million transactions of G$ within 6 months. Money raised in GG21 will be used to support G$ dapp integrations and utility campaigns and experiments, that are based upon empowering the 387,000 GoodDollar users on Celo to use their G$ tokens. (Tx data: https://explorer.celo.org/mainnet/stats/transactions)
Key points:
- GoodDollar has onboarded to Web3 over 800,000 individuals from over 181 countries through its distribution of daily G$ crypto UBI.
- GoodDollar is one of the top 10 most used dapps by daily active users https://dappradar.com/rankings/category/defi
- GoodDollar is a key example of a protocol used by real people in emerging economies - survey results show over 70% of GoodDollar active members come from emerging markets or hyperinflationary economies
- Over 60% of GoodDollar active members are living on less than $200 a week, and are key examples of how crypto can support decentralized economic opportunity, through encouraging micro-entrepreneurship and grass-roots implementation of tokens in local economies.
What’s next, what GoodDollar will be using the funds for?
GoodDollar aims to use the funds from this round to drive 50 million transactions of G$ within 6 months, doubling current transaction data.
Example initiatives:
- Integrate GoodDollar with Celosophere / Rarible: Enhance the platform's functionality and user experience by incorporating GoodDollar, driving the GoodDollar Community to user the platform
- Deploy GoodDollar liquidity on Aave: Once Aave is launched on the Celo network, we will add GoodDollar liquidity to support its ecosystem.
- Collaborative Utility & Giveaway Campaigns: Partner with other Celo community groups to do local experiments and giveaways.