I want to comment a little about this cryptomon currency which has caught my attention due to the verification method to get the free tokens.
GoodDollar is a token distributed free of charge with the ultimate goal of reducing wealth inequality through blockchain technology. Its mission is to build a new global open source crypto currency, to distribute money using the principles of universal basic income (UBRI).
The multi-asset investment platform eToro recently announced the launch of GoodDollar, an initiative that allows people to earn a basic income through G$ digital currency, which can be claimed every 24 hours by users registered on the platform.
According to GoodDollar's creators, the project's goal is "to provide a basic standard of living and reduce wealth inequality by creating a universal basic income. To join the project, all you need is Internet access and a cell phone.
After registering, a user can receive their cryptoactive, G$, store it in the GoodDollar wallet and make transactions. It is reported that every day a group of G$ is given to Internet users, who can use the digital asset to facilitate barter and trade locally and globally.
The GoodDollar token is backed by DAI and developed on Ethereum's FUSE network, and its distribution to users comes from a monetary reserve of GoodReserve cryptoactives, while its value is derived from the interest generated by project supporters who bet on cryptoactives in protocols without third party permission, which generate performance.
Its official website announced that thousands of GoodDollar portfolios have already been created by users in more than 40 countries, including: South Africa, Nigeria, Ghana, Kenya, Senegal, Argentina and Venezuela.
How controversial is GoodDollar's universal basic income?
The big controversy is in identity verification, where a Google or Facebook account, SMS verification and a Selfie 3D must be provided. This is the most controversial aspect of providing your biometric data, in addition to the fact that the 3D Selfie must be provided every 14 days in order to claim the GoodDollars. In short, you are providing your personal and biometric data in order to claim coins that may or may not have any value on the market. Another point is that the company in charge of biometric verification is FaceTec Zoom, based in San Diego, United States, and that these citizens of this country cannot participate in this project.
What I mention in this article is my point of view is at the convenience of the user if he decides to join this project taking into account that he must inform himself and always read the T&C and privacy policies, along with the project's whitepaper before registering.
For more information, you can visit their official website: www.gooddollar.com
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