Are there a fixed number of G$ coins?
Yes, the number of G$ coins to be minted is fixed at 2.2 trillion. Please note that no G$ are pre-minted, they are minted according to the logic described above and in the GoodDollar White Paper. The White Paper also details the reasoning behind the fixed supply and other parts of the GoodDollar ...
How are G$ minted?
Every day a certain number of G$ are minted. The amount of G$ that are minted are determined by two factors: 1) the amount of interest that is moved into the GoodReserve, and 2) the Reserve Ratio, a number that reflects the ratio between crypto-assets locked in the GoodReserve vs. the G$ out in c...
How is value for G$ created?
Great question! Check out How G$ Works to get an overview. In short, G$ is a reserve-backed cryptocurrency that holds other crypto assets in its monetary reserve. If you’re looking to learn even more, we encourage you to read through the LitePaper and the GoodDollar White Paper to understand how ...
What cryptocurrencies are in GoodDollar’s monetary reserve?
The decentralized stable coin DAI is the first crypto-asset in GoodDollar’s monetary reserve. 1 DAI is equal to $1 USD. You can read more about DAI and the MakerDAO protocol.
What is the price of G$?
GoodDollar was launched with an initial price of 1 G$ = .0001 USD. This was part of the initial system parameters. Immediately following the launch, the price of GoodDollar is variable and determined by usage. This means, the price of 1 G$ is determined by how much someone is willing to buy or se...
What protocols can I use to support G$?
Compound is the first supported protocol. The interface for staking will be released in the second half of 2020. The roadmap will enable users to support GoodDollar through a wide-range of permission less protocols. If you are interested in staking on Compound, please reach out to us directly by ...