March Update: GoodDollar delivered $6,000 USD in free digital income, based on a $58,000 stake

Yep, there’s a sustainable money flow for digital UBI.

We’re on a mission to distribute real value to real people all around the world. In March alone, 22 million G$ were distributed. That’s an estimated value of $200 USD per day. If we zoom out, an estimated $16,000 USD has already been distributed to date. And we’re only getting started…

Monthly insights and updates from the GoodDollar community

• There’s a new country on the GoodDollar map. In Vietnam there are now 14,000 new GoodDollar wallets opened, which represents 25% of all new wallets created globally in the last month. So naturally, we’re looking to meet the Vietnamese GoodDollar community!
• More successful wallet sign-ups. We improved the sign-up funnel success rate by 20%, and sign-ups have increased by 33% during the month of March. Let’s keep the momentum going, and invite your friends and family to sign up for a GoodDollar wallet, too.
• Beta test for Android app is going well. We are weeks away from releasing the Android App for testing and we need your help! More than 1000 members have already signed up for the beta test.

New wallet features added!

• Export the GoodDollar wallet with your Fuse ID. You now have all the info you need in order to export your GoodDollar wallet to Metamask, from one place.
• Add a payment category when sending GoodDollars. Now you can now specify what the transaction is for (i.e. digital services, social media engagement, donation, and more). Plus, add a personal message! With this new feature, you allow us to understand more about the transactions happening within the GoodDollar community, and help us adjust the wallet to better provide for the community’s needs.

Plus, a new Gitcoin bounty and liquidity rewards campaign :)

• New Gitcoin bounty alert! You asked to pay with GoodDollars, and we have full confidence that the GoodDollar community can deliver it! Together with Gitcoin we’ve published a new bounty to build a Payment API for GoodDollar and win $1,200 in prizes. Ready to get started?
• We are partnering with the Fuse team to run a new liquidity provider campaign. Are you looking for ways to use all of those GoodDollars you have been accumulating in your wallet? Are you interested in using your GoodDollars to support the protocol’s growth? Are you interested in exploring decentralized finance, but have been scared off by the gas fees of mainnet? Read more here.

GoodDollar in the news

On the Blockhash channel, Anna Stone and Brandon Zemp discuss GoodDollar and how it’s creating the first form of Digital Basic Income. Watch the recording here.

We need to think bigger about how we use money to generate value, for everyone.

How can we create a sustainable flow of donations that can scale to reach billions, while also growing the pie for everyone? People around the world need bigger slices.

It’s time to innovate on how we use principle funds to generate more sustainable impact. This is where financial innovation on blockchain comes in!

The same $3 million could be “staked” in the GoodDollar protocol and support over 5 million people with $30 a month over the next 10 years. $3 billion staked would support 3 billion people with $30 a month. There is already more than $40 billion staked in DeFi.

There are no more excuses. So, what are we waiting for? Join us.

Get to know the GoodDollar community

• Create a wallet. It takes 30 seconds, literally.
• Invite your friends (and get bonus G$s for it). Access your personal referral link and share it directly from your wallet.
• Subscribe to the newsletter to be the first to know how we and others are using blockchain to advance a new economy that empowers everyone.
• Be a part of the conversation and join our Telegram, Twitter and Facebook channels. Drop us a like, share our articles, and start some interesting discussions.
• Donate and create digital basic income for all, forever 🙂

Want to get more involved in the GoodDollar community building alternative economies around the world with G$? Stay up to date with all the latest news and happenings by filling out the (easy) application form here. You’ll get a link to join the Ambassador Telegram Group and connect with more GoodDollar do-gooders.

Read the full March 2021 update originally published on the GoodDollar blog here.