Good Dollar Experiment

As noted on their website, “The GoodDollar experiment is a series of tests with the ultimate purpose of reducing wealth inequality through blockchain technology. Our mission is to build a new, global, open-source cryptocurrency – called GoodDollar – to distribute money using the principles of universal basic income (UBI).”

“GoodDollar, a 100% not-for-profit project, is nurturing an ecosystem – including academics, NGOs, ethical investors, crypto supporters, and anyone who cares about reducing inequality.”

The “GoodDollar” experiment was started by eToro and the firm has contributed $1 million to it as it seeks further contributions for the project.

The initiative calls for stakeholders who desire an end to inequality.

The GoodDollar home page highlights that 42 of the world’s richest people have more combined wealth than the poorest 3.7 billion.