Can GoodDollar (G$) Success Like Dogecoin (DOGE)?
The cryptocurrency universe is the place for a revolutionary idea, started with Bitcoin a decade ago with the idea to overthrown fiat currency and followed by many projects after. In the crypto-verse (cryptocurrency universe) some projects created with a brilliant idea and some projects created just as Joke projects., if Bitcoin is the king of cryptocurrency and also the king of serious projects, Dogecoin, on the other hand, is the king of the Joke project.
Dogecoin invented and introduced in December 2013 by software engineers Billy Markus and Jackson Palmer as a joke coin, but this coin success attracts many loyal supporters, this community success rebranding dogecoin from Joke to Good coin. The Dogecoin community loves to help people by donating their DOGE, Doge4Water is one of the charities that the dogecoin community participates in, They set out to raise a total of 40,000,000 ($30,000 at the time) Dogecoin.
Dogecoin, using PoW (Proof of Work) algorithm like many coins in 2013, means if people want to have dogecoin they should set a mining machine to mine this coin, Dogecoin was planned to have 100 Billion supply, but turn too infinite supply coin later. Now Dogecoin supply is 128,605,640,069 DOGE, with a price of $0.05 each, this makes Dogecoin's total valuation sitting around 6 Billion USD. Dogecoin is proof of how strong a community can help a project to succeed.
Years later, in 2018 Yoni Asiah the founder of eToro created a new Coin named Good Dollar (G$), G$ mission is to leverage new blockchain technologies to deliver a scalable, sustainable model to deliver basic income (UBI). GoodDollar has built a wallet that enables any human with an internet connection to sign up and claim a small daily income in G$ coins. G$ is much easier to get because the claimer only needs a wallet and internet connection to earn G$.
Good Dollar's total supply is 2.2 Trillion G$, Good Dollar minted around 1 Million G$ every day with, and everyone can claim about 10 G$ a day. In my opinion, this big supply is ideal because Good Dollar’s mission is to providing a basic income to people around the world, but don’t worry about that 2.2 Trillion G$, it’s a finite supply, this finite supply makes Good Dollar less vulnerable to inflation.
Good Dollar team has so many plans, creating a marketplace for G$ is the main focus for now, in that marketplace people can buy goods or services using G$, this market place can make G$ price rising to the sky or down to the bottom of the underworld. In short, how valuable G$ in the future is really depends on the community, similar to DOGE in its early phase.
From the technology side, Good Dollar is much advance than Dogecoin, Good Dollar build with EVM technology, thanks to Vitalik for this amazing invention, this EVM makes Good Dollar capable to do many things with smart-contract function. Smart-contract is a technology with rich functionality, and it will so useful for Good Dollar if in the future they wanna developing a banking-like function within Good Dollar.
In short, Good Dollar has so many potentials in this cryptocurrency universe, I have a dream someday 5 to 10 years from now Good Dollar will become a big decentralized platform for anything, from providing a marketplace for daily goods and services to banking functionality and many other things, and in that time G$ as a utility coin can show their real value, its possible for G$ to reach 0.01 USD per coin when total cryptocurrency capitalization hit 100 Trillion’s mark.
For Good Dollar’s community, it’s time for you to help this project growing, a small action like telling news about Good Dollar to your neighbor and set an account for them can bring a positive impact to G$, let’s spread the news, and together we can make a better world.
p.s: Register here if you still not having a good dollar account.
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