How new GoodCollectives are started:
- Start a GoodCollective: A new GoodCollective is set up (on the back-end) for each project or measurement type (IE methodology). While anybody can create and deploy a Collective using our SDK, to be featured in our dApp a member of the GoodCollective team must review and confirm the partner’s methodology. Interested community groups and project developers may contact us here.
- Note - for the non-technical: fill the form above and we’ll help :)
- GoodCollective Smart Contract: Payment amount per activity and maximum thresholds are written into a GoodCollective-specific Smart Contract.
- Initial Contract Funding: A donor will fund the contract to kick-start the new collective OR a new collective can be created and funded later (through donations in the dApp or other).
- 1 Activity = 1 NFT: Partners mint an NFT each time an activity is performed and verified, using their own tech and smart contract.
- NFT triggers GoodDollar Smart Contract: That NFT is submitted to the GoodDollar Smart Contract, which, if terms are met, executes a payment on the Celo blockchain directly to the wallet address supplied in the NFT.
- The GoodCollective dApp displays the activity of these smart contracts and NFTs, and allows contributions to the Good Dollar smart contract.