The GoodDollar Lite Paper
  • GoodDollar Litepaper: A Distributed Basic Income
  • Background
  • Why Now?
  • How It Works
  • Monetary Tools & Control
  • Target Market & Impact
  • Team
  • Conclusion
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Monetary Tools & Control

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Last updated 4 years ago

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To optimize the utility and impact of the GoodDollar basic income economy, a set of monetary tools to manage and modify the protocol that rewards all G$ coin holders. These tools include the rate of monetary expansion, transaction fees, exit penalty for Claimers converting out of the currency, and a marketing referral allocation of G$ coins to be awarded to users that grow the network.

These monetary tools will be controlled by the GoodDAO, the future governing body of GoodDollar to operate as a decentralized autonomous organization managed by GoodDollar stakeholders.

The supply of G$ coins is fixed to 2.2. trillion.