Community-driven and non-profit blockchain platform GoodDollar has launched its native Android app — the latest development on its long list for 2022. The newly launched app is witnessing significant traction, as more than 27,000 users have already downloaded it since the beta release in December.
This release includes a myriad of improvements and new features for the GoodDollar Android app, such as a cleaner and simpler sign-in interface and an option to automatically display the U.S. dollar value of members’ G$ balances.
On the launch of the Android app, Anna Stone, co-founder of GoodDollar, noted, “GoodDollar has gone from strength to strength since the introduction of V2 and there is terrific momentum and excitement amongst members. It now seems clear that the upgrade has been a catalyst for significant and healthy growth in the GoodDollar impact economy.”
Earlier in December 2021, the GoodDollar team released the GoodDollar V2 upgrade to add more functionalities to its V1 protocol. The V2 upgrade has been a major success in providing its global community with all the necessary tools to ensure continual delivery of its crypto-based universal basic income (UBI) to everyone.
UBI is a government program which grants every citizen a fixed amount of income on a regular basis, and due to needs of speed, efficiency and bureaucracy-free equality, crypto is the natural choice.
Since the release of the V2 upgrade, the GoodDollar team has been rolling out frequent updates to further expand its core features, including the launch of the new governance model and the community-owned GoodDAO.
There are already a lot of new things that the GoodDollar team has done for the community as a whole because of the V2 upgrade. For example, anyone can support the GoodDollar UBI scheme by staking or holding G$ tokens.
By aligning the financial and social incentives of the people who get crypto UBI with those of the people who fund the economic model, the GoodDollar protocol shows how to fund global UBI at a large scale, highlighting the positive impact crypto can bring for the global community.
To that extent, the newly launched Android app will play a critical role in helping users benefit from these features, while at the same time making it faster and easier for more people to receive a daily allocation of G$ crypto universal basic income.
With more than 300,000 active users, the GoodDollar community is growing at an unprecedented rate. The overall market capitalization of the G$ token has surged past the $1-million mark, touching $1.6 million on February 23.
At the same time, the value of the GoodDollar Reserve, the reservoir of supported cryptocurrency that backs the generation and distribution of G$, has also crossed $1 million.
Since its mainnet launch, the GoodDollar team has successfully distributed more than $50,000 worth of G$ tokens to thousands of users around the world, with the majority of the active users hailing from emerging markets suffering from high rates of inflation, such as Nigeria, Vietnam, Indonesia, Argentina, and Venezuela.
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