GoodDollar is a decentralized, blockchain-powered protocol designed to financially empower millions worldwide by providing a form of universal basic income (UBI) through its digital token, G$. By using the GoodDollar app on a smartphone, anyone can claim GoodDollars daily, with over 600,000 unique users from more than 181 countries already participating. While the current value of G$ remains modest, the project team is actively working to increase its utility and adoption.

GoodCollective Initiative

Recently, GoodDollar launched “GoodCollective,” a platform that enables the distribution of basic income to specific groups. While this approach is not universal—since it targets defined communities rather than everyone—it allows for higher basic income amounts per recipient and greater flexibility. The technology will soon be available for anyone to set up their own GoodCollective, making it easier to support targeted groups in need.

FairSpirit plans to use GoodCollective to launch a small-scale, bottom-up project with a select group of participants and a modest basic income for a limited period. The goal is to test and refine implementation strategies before expanding to larger groups, higher amounts, or longer durations. This gradual scaling approach ensures sustainable growth and effective impact.

Project Implementation

Currently, FairSpirit is seeking to partner with existing initiatives in low-income countries. Ideal pilot groups might include 10 to 20 people, such as savings groups, small business collectives, or educational cohorts. Insights from these pilots will help attract further funding and enable the project to expand and improve over time.

Example in Practice

A typical project might involve 15 participants, each receiving GoodDollars equivalent to $90 over six months—about $0.50 per day. Participants need a smartphone compatible with the GoodDollar app, which uses facial recognition to ensure each user is unique and prevent abuse. Once verified, users can claim and receive their daily GoodDollar allocation through the app.

The practical use of GoodDollars depends on the ability to convert them into locally usable money, which varies by country and requires tailored solutions for each project. Ideally, a local service provider would handle exchanges, but if unavailable, a local project leader would be trained for this role.

Get Involved

FairSpirit is currently in discussions with contacts in Ghana, Cameroon, and Gambia to establish pilot projects. If you are interested in setting up a project, please contact Han at han@fairspirit.com.