GoodDollar, an eToro-sponsored social project aimed at generating, financing and distributing global basic income through the GoodDollar token (G$), has just announced it is distributing new rewards for the next 1 million users.
According to the new referral program, every GoodDollar user will receive a bonus of 100 G$ for each new user that signs up, and new users will receive a welcome bonus of 50 G$ in their account.
In particular, the multi-asset investment platform eToro, which supports the GoodDollar project as part of its corporate social responsibility programs, has sponsored the GoodDollar rewards.
eToro and GoodDollar CEO and Co-founder Yoni Assia said:
"GoodDollar’s rapid success in reaching thousands of users across the globe shows that real people are eager to enter the digital assets market, and are hungry to participate in social projects designed to make the world a better place. We are confident that our sponsorship of GoodDollar tokens for new users will support the onboarding of 1 million users to GoodDollar, as part of our larger mission to give more people the ability to experience and use digital currencies."
But, what is the GoodDollar protocol? It basically focuses on the distribution of daily digital currency to all its users in G$, a reserve-backed crypto asset already own by over 50,000 users.
Some of the features that make GoodDollar a better option than the competence include the fact that it is distributed for free on a daily basis as well as its easy-to-use wallet experience.
The aim of the reward program is to expand the GoodDollar user network, which will help improve the utility of G$ to be used for global p2p commerce and multiple community usage.
It must be noted that so far 17,000 users have joined GoodDollar’s community-initiated and managed digital marketplaces, making use of G$ to buy and sell online services. In addition, local marketplaces have been established in over 40 countries.
The services offered on GoodDollar marketplaces include selling of digital services, courses as well as a large number of entrepreneurs who are working on the development of new offers to support the GoodDollar community.
On top of that, various social initiative have chosen GoodDollar on their projects thanks to its unique features. For instance, Israel is raising funds for a soup-kitchen with the help of G$, while a campaign to promote tree-planting in Spain is also making use of the token.