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impactMarket is a protocol aimed at reducing poverty by enabling vulnerable communities to implement inclusive financial mechanisms such as Unconditional Basic Income (UBI). It operates as a DAO on the Celo network and utilizes cUSD as the primary digital currency and $PACT as its governance token. Through smart contracts, impactMarket autonomously facilitates bottom-up economic development, social change, and prosperity. In addition to UBI, impactMarket is also working towards providing free access to a wider range of financial services. Given the design of the Celo network and its existing DeFi ecosystem, impactMarket is uniquely positioned to drive DeFi adoption and retention by directly integrating and offering DeFi solutions on mobile devices to those who need them the most.
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