Etoro’s Gooddollar Basic Income Initiative Aims to Fund 1 Million New Users With New Referral Program

Etoro’s Gooddollar Basic Income Initiative Aims to Fund 1 Million New Users With New Referral Program

Etoro’s Gooddollar Basic Income Initiative Aims to Fund 1 Million New Users With New Referral Program

Registered users receive a $100G bonus for new referrals and new users receive $50G as a welcome bonus. Etoro, one of the world’s leading social trading platforms, has announced financial rewards for the next million users of its Gooddollar project following the launch of a brand new referral program.

Targets universal basic income Numeric $B stable

Gooddollar is a digital currency and wallet founded in September 2020 by Yoni Assia, co-founder and CEO of Etoro. It provides a digital form of Universal Basic Income (UBI) to citizens around the world. To date, Gooddollar has helped more than 50,000 users with its digital UBI. With this new sponsorship program, what follows will grow.

According to the referral program, Gooddollar users receive a $100B bonus for each new registered visitor. New users also receive benefits and a $50B welcome bonus after signing up. Etoro has not yet announced whether these referral bonuses will be limited to a certain amount.

Announcing Etoro’s sponsorship of the new programme, Yoni Assia noted:

Real people like to get involved in social projects to make the world a better place. We believe that our sponsorship of Gooddollar tokens for new users will help one million users join Gooddollar as part of our broader mission to enable more people to discover and use digital currency.

Our support for Gooddollar represents a new model of how companies like Etoro can use their resources for social good by supporting efforts to educate and train people on how to use digital currency in a digital world.

Etoro points out that its surplus crypto assets are currently owned by more than 50,000 users, and explains that the Gooddollar network is growing with this new sponsorship system, increasing the utility of the $B used for global peer-to-peer trading and the use of different communities.

According to Etoro, Gooddollar is being adopted by a growing number of social entrepreneurs who are using the G$ to fund social projects, including a soup kitchen in Israel and the promotion of tree farming in Spain.

One of the advantages of digital coins like the G$ is that they can be distributed to users directly through their mobile phones, without the intervention of governments. This is an advantage for countries facing hyperinflation. Venezuela is one such country, and a recent Rio Times report identified it as one of the fastest growing distributors of cryptocurrencies in the world.

So far, more than $99 million has been claimed by users of the platform. Gooddollar Etoro is not the only crypto-currency project trying to create a digital form of UBI. Projects like Circles, Mubi, Basic Income Earth Network and Zero Poverty are also experimenting with the concept of a basic income based on cryptocurrencies.

Do you support a universal basic income? Tell us what you think about Gooddollar in the comments section below.

Photo credit: Shutterstock, Pixabay, Wiki Commons

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