metadata: {"signature": "0xd05802be920068c4c1a6ecd5f5a61ce5a5cfa3bf9f6855332c186bbcf91ed39a47b3079305ae33667d8c9999d1d336fb8bb86e4adf57e227e8c381e65ea6e6641b", "application": {"round": "0xe03a19f4921d69cddd37f54dfe814dc66aa92100", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "oczCmWdOe04Jl+4+xaL83ftHkVqQohRsdMU75uJ+a6w=", "encryptedSymmetricKey": "4b1d3266037cfbd7098ce9a93d9cb7a7b438485a4d37767b2ef9464f4f3f0dcc5dd17c73929caf56e44635c0fb0ecd07ad064cc578595be929bc62ea4c74febdfabb06541e07ed156a3ca9b7df161138ff37c2bc9fa42e6ee5b6ee13bc9a988e99e226f743b8aaa24ca0e5b4dd81a9824eddbdb9b39c7db9a84d22d8fa9509bd0000000000000020b8cd8fcd7e81fb75f225d6ae27c6590136d6a0bea4fea293c3409fbea88b29be53c317721c77822ceee473bf95242eb6"}}, {"type": "short-answer", "hidden": true, "question": "Telegram Handle We Can Use To Contact You(you can answer N/A)", "questionId": 1, "encryptedAnswer": {"ciphertext": "YOJxg9gXQnLsEy3bkPnP3adiIwnMWelz8imLWmFXFi8=", "encryptedSymmetricKey": "bbe56f68504ad0c505a453afe207be1599aff6d28fc364b3e8cb39cc846e72c3f88e50baebb9e4c89a09f7f8d269e30c9c92ea8edb0db8eadd9ef77bb59d4569e5505f76b76a9805ede7e8a6b4ffa8d3c99361265e79abafd63faed1d91fa2acd3d40455cfc24b097ef6f8dcd8adc8d919b43d2785801edb169435e1cc8b0e2600000000000000202a492374f565cf9904625e7910afd523d503fe81d7669b1a3f0e04260b7a2b2c357971f6e52c5f6a31666a559a3c6e8c"}}, {"type": "link", "answer": "https://github.com/toknowwhy", "hidden": false, "question": "Project GitHub Repo (Not Team Page): ", "questionId": 2}, {"type": "number", "answer": "7", "hidden": false, "question": "Total Team Size", "questionId": 3}, {"type": "paragraph", "answer": "dribai - 0x362029BCe2E8a65BA4dA4431C01513A65ca53b0C\nrekahbeee - 0xC2C67c49Ba78698eBb9389b49ef4B24095590a6F\nShuaJJ - 0x2255Fc7664a81ad0Ee488D4f196f69685744c155\nzhoushuren - 0x159e6dd237497da38e16f725a3dce79e72947f9f\nChenShen1017 - 0x84094DF8807875A0f59008ca5e0897DB28D24D01", "hidden": false, "question": "List the Github Handles and Wallet Addresses of Each Team Member (e.g. owocki - 0x123, kbw  - 0x456):", "questionId": 4}, {"type": "paragraph", "answer": "https://x.com/yuxingyun11\nhttps://x.com/IbaiBasabe\nhttps://x.com/shuajj888\nhttps://x.com/Illusion37_", "hidden": true, "question": "Social profiles (Twitter, Farcaster, Lens, etc.) of other main team members publicly associated with the project (N/A for solo founders): ", "questionId": 5}, {"type": "link", "answer": "https://x.com/i/communities/1675073163980591111", "hidden": false, "question": "Link to your Public Group Chat (e.g. Discord or Telegram)", "questionId": 6}, {"type": "paragraph", "answer": "We have built our oracle node for our oracle network. We have finished the development of our vaults and farms. We have built auctions for our vaults. We launched our governance on the Ethereum network and on Arbitrum. We gained hundreds of followers and community members through events.", "hidden": false, "question": "If you've participated in past grant rounds, please share any new updates or milestones from the prior months (N/A if you haven\u2019t participated previously). ", "questionId": 7}, {"type": "address", "hidden": true, "question": "If you participated in past grant rounds using a different project payout wallet address, please share it here:", "questionId": 8}, {"type": "paragraph", "answer": "We are launching on Arbitrum this quarter and we will measure participant growth, TVL, and usage of the UNIT ETF (TINU).\n\nOur governace has just started in both the Ethereum network at:\nhttps://etherscan.io/token/0x93109af5638be68ed2d0e094f618777ff1051d28\n\nand Arbitrum at:\nhttps://arbiscan.io/token/0x695e0ebf62f8e880942984b3852043d7832fa9a4", "hidden": false, "question": "Where should we look to see the impact of your project? Please provide links to public websites and/or the latest values for key metrics you track privately. This might be used in future impact reports", "questionId": 9}, {"type": "paragraph", "answer": "150,000 Attention Ventures, 2022\n15,000 Near Foundation Grant, 2022\n10,000 Aave Grants Dao, 2022\n1000, Gitcoin 2023", "hidden": false, "question": "Total Prior Funding Amounts, Sources, and Dates for the project in USD", "questionId": 10}, {"type": "checkbox", "answer": ["Grants", "VC"], "hidden": false, "question": "Which of the following funding sources do you have? Check all that apply", "questionId": 11}, {"type": "number", "answer": "22", "hidden": false, "question": "How old (in Months) is the project?  ", "questionId": 12}, {"type": "multiple-choice", "answer": "Somewhere in the Metaverse", "hidden": false, "question": "Location/Region where the project is based ", "questionId": 13}, {"type": "multiple-choice", "answer": "Yes", "hidden": true, "question": "Have you read and confirmed your grant abides by the Program General Eligibility Policy? ", "questionId": 14}, {"type": "short-answer", "answer": "No", "hidden": true, "question": "Are you applying for any other OSS rounds in GG20? (Reminder: you can only be accepted into one) ", "questionId": 15}, {"type": "paragraph", "answer": "UNIT, as a dapp, offers a distinctive utility within the cryptocurrency ecosystem by providing a decentralized index of the top cryptocurrencies, curated through an algorithm that represents the market average. This index serves as a benchmark for investors to compare their own portfolios against, thus addressing the need for an unbiased, reliable measure of cryptocurrency performance.\n\nInnovative Utility of UNIT:\n* Decentralized Index: By utilizing a decentralized algorithm to select top cryptocurrencies, UNIT ensures that the index remains unbiased and free from central manipulation. This decentralization is crucial in a market where trust is unreliable and central control can lead to skewed valuations.\n* UNIT ETF (TINU): UNIT offers an ETF based on its index, which simplifies investment in cryptocurrencies. Investors can purchase TINU to gain exposure to the performance of the entire market without needing to buy and manage individual assets. This reduces the barrier to entry for new investors and provides a diversified investment vehicle for those looking to mitigate risk.\n* Vaults for Asset Management: In the UNIT app, users can deposit specific cryptocurrencies like sETH or wBTC into vaults to mint TINU. This mechanism not only facilitates easy entry into the ETF but also allows users to earn interest on their deposited assets. This solves the problem of idle assets by turning them into productive investments while simultaneously providing liquidity to the UNIT ecosystem.\n* Farming for Incentivization: By allowing users to stake their governance token, UN, in farms to earn additional rewards, UNIT incentivizes user participation and investment in the ecosystem. This staking mechanism encourages long-term holding of the governance token, aligning the interests of users with the health and growth of the dApp.\n\nAddressed Needs and Problems:\n* Lack of Transparent Benchmarks: The crypto market has long suffered from a lack of transparent, reliable benchmarks. UNIT addresses this gap by providing a decentralized index that users can trust to reflect true market conditions without the influence of any single entity.\n* Complexity in Crypto Investments: Many potential investors are deterred by the complexity of managing multiple cryptocurrency investments. UNIT's ETF simplifies this process, making crypto investment as straightforward as buying a single stock.\n* Idle Cryptocurrency Assets: UNIT\u2019s vaults offer a solution for cryptocurrency holders to put their idle assets to work, providing them with a potential income stream through interest payments, which can enhance the overall yield of their crypto holdings.\n* Governance and Rewards: UNIT's farming approach not only rewards users but also fosters a sense of community and ownership, as stakeholders can influence the direction of the dApp through governance actions.", "hidden": false, "question": "Please describe your dApp or App, focusing on its innovative utility or service within the ecosystem. Highlight the problem it solves or the need it addresses.", "questionId": 16}, {"type": "paragraph", "answer": "The UNIT application enhances the user experience in the Web3 space through several key design choices and features aimed at improving accessibility, usability, and integration:\n\nEducational Resources\nUNIT prioritizes user education by offering a variety of resources that simplify complex cryptocurrency concepts. This includes easy-to-understand articles on how different types of users can benefit from UNIT/TINU/UN, a glossary of relevant financial terms, and engaging social media challenges. These initiatives help make the learning process both informative and interactive, enabling users to gain confidence and expertise in managing their crypto investments.\n\nReal-Time Data and Charts\nUNIT offers real-time data and charts on the fiat performance of its index and the performance of individual cryptocurrencies against the index. This includes TradingView charts of market trends that detail asset performance. By providing these insights directly on the dashboard, UNIT helps users make timely and data-driven decisions regarding their assets.\n\nDecentralized and Secure\nUNIT uses a decentralized oracle network to compute the value of different collateral assets in UNIT thus creating a decentralized benchmark for the UNIT ETF (TINU). This not only enhances trust among users but also protects against central points of failure, ensuring that both the index and the index ETF remain decentralized and robust against attacks and manipulation.", "hidden": false, "question": "Describe how your application improves user experience in the Web3 space. Include any specific design choices or features that enhance accessibility and practical utility.", "questionId": 17}, {"type": "paragraph", "hidden": false, "question": "In what ways does your project contribute to financial inclusion, education, or social impact? Explain the specific areas of impact and the target audience or communities you serve.", "questionId": 18}, {"type": "paragraph", "answer": "MIT\nYes", "hidden": false, "question": "What type of open source software (OSS) license(s) do you have? Is all of your code available on public repos or is some portion of your codebase private?", "questionId": 19}, {"type": "paragraph", "answer": "We have launched our governance and we are at the stage of launching our vaults and farms. \n\nUNIT Roadmap\n\n* Phase 1: Conceptualization (Completed) \n\nObjective: UNIT and TINU definitions.\nTasks: Define the algorithm, key features, and functionalities (decentralized index, UNIT ETF, vaults, farming incentives).\nInitial technical feasibility assessment.\nOutput: Project whitepaper, initial technical specs, website\n\n* Phase 2: Technical Development (In-progress)\n\nObjective: Develop and test the core components of the dapp.\nTasks: Develop smart contracts for the decentralized index, ETF, vaults, and farming mechanisms.\nConduct code audits and security assessments.\nDevelop the front-end interface and integrate with smart contracts.\nTest on testnet with beta users.\nOutput: Working dapp on testnet, audit reports, beta user feedback\n\n* Phase 3: Launch and Initial Operation (This quarter)\n\nObjective: Launch the dapp on the mainnet and start operations.\nTasks: Address feedback from testnet and make necessary adjustments.\nLaunch marketing campaigns to attract initial users for our TINU vaults.\nDeploy dapp to mainnet.\nMonitor operations and troubleshoot any arising issues.\nOutput: Operational dapp on mainnet, initial user base established.\n\n* Phase 4: Scaling and Expansion\n\nObjective: Expand the user base, add new features, and increase market presence.\nTasks: Analyze user feedback and usage data to identify potential improvements.\nDevelop and integrate additional features (new asset integrations, enhanced governance functions).\nExpand marketing efforts to reach a broader audience.\nEstablish partnerships with other entities in the crypto ecosystem.\nOutput: Updated dapp with new features, increased user base, and stronger market presence.\n\n* Phase 5: Maintenance and Continuous Improvement\n\nObjective: Ensure the dapp remains secure, efficient, and relevant to user needs.\nTasks: Regular updates and patches to improve security and performance.\nContinuously monitor market trends and user feedback for potential feature additions.\nConduct periodic reassessments of the ecosystem and competitor landscape.\nOutput: A well-maintained, competitive, and user-centric dapp.\n\n* Immediate Next Steps\u2028\nFinalize Detailed Project Specifications:\nDefine the technical requirements and finalize the dapp architecture.\n\nGrow Development Team:\nBring more developers to the team to help build UNIT to its full potential. \n\nCollaboration with projects:\nCollaborate with data aggregators to build the UNIT oracle network to help secure the algorithm.\nEngage in token swaps with projects we collaborate with. \n\nSecure Funding:\nExplore more funding options through venture capital, crowdfunding, or ICO.\n\nCommunity Engagement:\nExpand our community around the project through social media like X, forums, trading platforms, and other platforms to gain early feedback and supporters.", "hidden": false, "question": "What stage of development is your application currently in, and what are your immediate next steps? Provide a roadmap or development timeline if available.", "questionId": 20}, {"type": "paragraph", "answer": "- Allocation of Funds\n\n1. Development\n\nSecurity Audits: Contracting third-party security firms to conduct comprehensive audits of the smart contracts and the dapp to ensure there are no vulnerabilities.\n\nProduct Iteration: Using feedback from user testing to make necessary adjustments to the dapp's features and interface.\n\n2. Community Building and Marketing\n\nPromotional Campaigns: Creating and executing marketing campaigns to raise awareness of the dapp and attract users, which includes online ads, content marketing, and event sponsorships.\n\nPartnerships: Developing relationships with other entities in the crypto ecosystem, which can provide synergies and drive user adoption.\n\n3. Operations and Miscellaneous\n\nInfrastructure: Costs associated with maintaining servers, databases, and other necessary infrastructure to ensure the dapp runs smoothly.\n\nContingency Fund: Setting aside funds to manage unexpected expenses or opportunities that may arise during development.\n\n- Goals Supported by Funding\n\nRobust Development: Ensure that the dapp is secure, efficient, and user-friendly through high-quality development and thorough testing.\nWidespread Adoption: Through effective community engagement and marketing strategies, the project aims to build a large, active user base.\n", "hidden": false, "question": "How would funding from this round support your project's development and goals? Outline specific areas where the funds would be allocated (e.g., development, user research, community building).", "questionId": 21}, {"type": "paragraph", "answer": "We have challenges on X for you to win some UN airdrops. Participate!", "hidden": false, "question": "Anything else you'd like to share about your project, previous work, or other project affiliations? Anything you'd like to add that may help in determining project eligibility?", "questionId": 22}, {"type": "multiple-choice", "answer": "Yes", "hidden": true, "question": "Would you like to opt-in to future messages from Gitcoin for updates, information, and/or interviews? ", "questionId": 23}, {"type": "multiple-choice", "answer": "Yes", "hidden": true, "question": "Would you like to opt-in to us sharing your information with select third-parties for investment opportunities? ", "questionId": 24}], "project": {"id": "0xbdfcea8a0f4a0528c4b8edda32e0d9d9c2e56492a228c245894d2dcc57179be7", "title": "UNIT", "logoImg": "bafkreihlqii7eawzkqml7sb3hgvsruasc5nqqwz4ixc4jamrhi5kv3a4qe", "metaPtr": {"pointer": "bafkreigtbszftvwslqablp76s6lfsimd6xqaaontk5pt22tyfomb2uycre", "protocol": "undefined"}, "website": "https://unitindex.org", "bannerImg": "bafkreifmz2ahq627unj5cxdnbd7yqvwdcehghd7frqcutthmwvpanis64q", "createdAt": 1713455215812, "userGithub": "dribai", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..mw9WbFJW8r8ZAGmPAKat2g8j_dh7OrWf4z2GwoDRDx68VVvWF4p6NHvTIiEI5Wi6xik6LictZei86VtRJEV6BQ", "type": "Ed25519Signature2018", "created": "2024-04-18T15:37:13.479Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-18T15:37:13.479Z", "expirationDate": "2024-07-17T15:37:13.479Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xA3E3e7277d4eba425EB4e51bc2a2DD50F853EC9c", "hash": "v0.0.0:V+dCyGhElv1LgoDgQXuTrw6K5rA5Yx2fqziEB6imMpo=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#toknowwhy#4535765"}}, "twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..pqe-5gTG0STtkTMGzvZZW6RoWL-ygEdxCzWapUGVmmRl3qmpIr2cTsXQtyl0_DzCs318gRtXXT3evVF3FmRCDA", "type": "Ed25519Signature2018", "created": "2024-04-18T15:38:04.936Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-18T15:38:04.935Z", "expirationDate": "2024-07-17T15:38:04.936Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xA3E3e7277d4eba425EB4e51bc2a2DD50F853EC9c", "hash": "v0.0.0:MH+wnsfGDDFxWwH3qzJo9RhdOwU6kIhrEUw/uanmIDo=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#unit_index"}}}, "description": "\u300c Introducing UNIT: The Future of Financial Freedom \u300d\nImagine a world where your financial security isn't tied to the volatile whims of traditional markets or restricted by borders. That's where UNIT steps in\u2014a decentralized algorithm designed to revolutionize how we interact with money. By tracking a dynamic basket of cryptocurrencies and based on the most critical human metrics, UNIT isn't a cryptocurrency; it's an indexed unit, a beacon of stability in a tumultuous financial landscape.\nAs traditional financial systems show signs of strain and currencies like the USD lose their universal appeal, UNIT emerges as the new standard for value. It's not just about tracking crypto; it's about shaping a future where everyone can invest confidently and securely. With UNIT, we're not just participants in the market\u2014we're creators of our own financial destiny.\n\n\u300c Why TINU? Your Gateway to Financial Independence \u300d\nMeet TINU, your simplest ticket to the crypto world. Pegged to UNIT, TINU allows even the most inexperienced investors to tap into the cryptocurrency market effortlessly. No need to sift through endless data or analyze trends. Holding TINU gives you a stake in a meticulously curated portfolio that mirrors the growth and promise of the entire cryptocurrency space\u2014not just Bitcoin.\nTINU isn't just an investment; it's an inflation hedge, a powerful tool for preserving your purchasing power against the backdrop of global uncertainty. By hodling TINU, you're not just safeguarding your future; you're actively participating in a movement to unite diverse blockchain spaces with a robust, decentralized financial instrument.\n\n\u300c Join the Revolution \u300d\nUNIT and TINU aren't just financial instruments; they're your partners in forging a path towards a more equitable and prosperous global economy. As we step into this new era, UNIT and TINU offer more than just financial gains\u2014they offer a promise of a unified, stable, and accessible future. Stand with us at the forefront of financial innovation and reclaim control over your economic future.\nEmbrace UNIT. Embrace change. Embrace a future where financial freedom is not just a dream, but a reality for all.\n\nApp: http://app.unitindex.org (vaults and farms coming this quarter)\nDocs: docs.unitindex.org", "lastUpdated": 0, "projectGithub": "toknowwhy", "projectTwitter": "unit_index"}, "recipient": "0xA3E3e7277d4eba425EB4e51bc2a2DD50F853EC9c"}}