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5700 Good Dollars equal 1 US dollar

igormuba

Published: 17 Jul 2022 › Updated: 17 Jul 20225700 Good Dollars equal 1 US dollar

5700 Good Dollars equal 1 US dollar

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Good dollar is a universal basic income project. The concept is simple. They get donations, invest in yield bearing cryptos, pools and lending protocols and use the returns to, IN THEORY, back their currency.

I had the patience to claim those Good Dollars for around 1 year, not daily, of course, I sometimes go weeks without claiming. Good dollar is not well stablished so it doesn't trade on any exchange I could find, so it is hard to stablish it's price.

But after claiming for so long, finally I have about 1 USD worth of Good Dollars! Yey!

If the project doesn't go bankrupt it won't make me rich in any way, but who knows? Maybe their compound interests can some day make the "Good Dollar" be worth a "Good Cent", which would be a good 50x from here.

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