Tel Aviv, Israel--(Newsfile Corp. - February 24, 2022) - GoodDollar, an economic opportunity protocol and DAO that leverages decentralized finance (DeFi) to provide a crypto UBI to hundreds of thousands of members around the world, today announced the availability of its GoodDollar for Android app - the latest in a string of positive developments this year.
The app has already been downloaded by 27,000+ users since the release of the beta version in December. Enhancements introduced in February included a cleaner and simpler sign-in interface and a feature that automatically shows members the U.S. dollar value of their G$ balances. Developed by GoodDollar LLC, the non-profit software development firm that builds simple products that enable more underserved people to access the GoodDollar protocol, the Android app makes it faster and easier for more people to receive a daily allocation of G$ crypto UBI.
February saw GoodDollar reach record levels of growth for both membership and the market capitalization of the G$ crypto UBI token.
Membership grew past 300,000 individuals for the first time, while G$'s market cap breached $1 million mid-month. G$ market cap stood at $1.16 million as of February 23, while the value of the GoodDollar Reserve - the reservoir of supported cryptocurrency that backs the generation and distribution of G$ - hovers around $1 million. To date, GoodDollar has distributed more than $50,000 worth of G$ tokens to hundreds of thousands of people around the world, with daily active users concentrated in emerging markets suffering from high rates of inflation, such as Nigeria, Vietnam, Indonesia, Argentina and Venezuela.
This run of good news comes in the wake of a major protocol upgrade, GoodDollar Version 2, which was released in December. The upgrade opened the protocol's smart contracts to enable anyone to support the GoodDollar UBI scheme by staking or holding G$ tokens, and coincided with the handover of governance to the community-run...