metadata: {"signature": "0x2a9ad61a526462f00f7aedff431acd86448cff9fa7b827ab72aec4bd97e39f4e088bc73af10448eec0515905ad8e263a5baeca76e95bc4745ca916a09c1d96f51c", "application": {"round": "0xb91b59c91b09d127d269e53019f2420e8c2c7ce7", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "U70qCLfKR0SB3mt+skKqNmYEPTodkvggTJxNYsXAjVxY9MqCF/OPgDhfgKIM44yQ", "encryptedSymmetricKey": "f968cbcf5fcad20f251c40f9c51d01c8a5575f325c4175d1599d43f89899f101e64b89ec3d17310fe59d4aae55746313d083f65ad2570a177e40bc6b3f72b02807214596e7967a2e19fd2fd8735424d1c50c10aa43579b14c78fd9d9730d4b8adc379edeb17ea1a9b815d74e0c1f4caa1c6c4ed89075f2d40dabba1631a78a710000000000000020a8bd46aa4cd87c7f9f54113786aac4b6c10e56fcd1b3684ac14834e8c6baa14981e9ad01bb0cf09a8c53da471072c8ad"}}, {"type": "short-answer", "answer": "geyr_garmr", "hidden": true, "question": "Telegram Handle", "questionId": 1}, {"type": "short-answer", "answer": "https://github.com/Glo-Foundation/glo-wallet", "hidden": true, "question": "Project GitHub Repo", "questionId": 2}, {"type": "short-answer", "answer": "http://discord.gg/PUrBVdzzN5", "hidden": true, "question": "Link to your Public Group Chat", "questionId": 3}, {"type": "short-answer", "answer": "We participated in a lot, you can find projects of ours on Arbitrum, Optimism, Mainnet, and Celo.", "hidden": true, "question": "Have you participated in a previous Gitcoin Grants Round? If so, please name the rounds or link the builder profile associated with previous rounds.", "questionId": 4}, {"type": "paragraph", "answer": "Glo Dollar holders fund the public goods and charities that matter to them. At no cost.\n\nBy swapping other stablecoins (or fiat) to Glo Dollars, users help to create a virtuous cycle of public goods and OSS funding. This sets us apart from incumbent stablecoin companies behind USDC and USDT, that extract gains for shareholders.\n\nWe call this Automatic Public Goods Funding (AutoPGF), because it is:\n\n1.  Simple: just hold a stablecoin\n2.  Zero-cost: holding a stablecoin is free\n3.  Embeddable: in treasuries, purchases, payroll, \u2026\n\nIf Glo Dollar usage increases > our profits increase > our [monthly donations increase](https://x.com/glodollar/status/1841806703873953965).\n\nGlo Dollar holders can choose to have their Glo Dollars generate funds for Web3 Public Goods\u2014Gitcoin, Giveth, Protocol Guild, OP\u2019s RetroPGF, and Celo Public Goods. Through these donations, we\u2019re indirectly funding hundreds of OSS builders.\n\n\n![image](https://i.imgur.com/kpgjnP6.png)", "hidden": true, "question": "How does your project contribute to the growth of the OSS ecosystem? Please provide specific examples of how your application enhances or expands the current ecosystem.", "questionId": 5}, {"type": "paragraph", "answer": "Glo Dollar is the stablecoin that funds public goods. By hodling Glo Dollars, our users fund what matters to them.\n\nIt differs from the incumbent stablecoins (USDC and USDT) in two ways:\n\n1.  100% of our profits are donated to public goods and charities.\n2.  We prioritize our users, giving them the power to choose which public goods or charities they want to support with their Glo Dollar holdings. [See the Cause Areas they can choose from.](https://www.glodollar.org/articles/fund-what-matters-to-you)\n\nHow it works:\n\n1.  Using our dApp, users can link their wallet and buy Glo Dollars.\n2.  They can also select the public goods and charities they\u2019d like to fund.\n3.  When more Glo Dollars are minted, the fiat backing Glo Dollar grows. This fiat backing is invested and earns revenue.\n4.  We donate 100% of our profits on these investments to the public goods and charities selected by Glo Dollar holders.\n5.  Glo Dollar holders are funding public goods at zero cost.\n\nLearn how Glo Dollar works [in more detail](https://www.glodollar.org/articles/how-glo-dollar-works).\n\n![image](https://i.imgur.com/iA2RML4.png)", "hidden": true, "question": "What features or use cases does your dApp/App present? How is it differentiated?", "questionId": 6}, {"type": "paragraph", "answer": "Our main goal is to grow Glo Dollar\u2019s market cap and monthly donations\u2014including those to Web3 Public Goods.\n\nThis can be realized through [large Glo Dollar buys](https://x.com/glodollar/status/1841433269533106666), increased Glo Dollar matching funds payouts (inc matching funds for Gitcoin Grants), and bringing general utility to Glo Dollar, so that there\u2019s little reason to choose other stablecoins over Glo Dollars.\n\nHere are the key priorities for the coming months to make it easier for (prospective) users to switch to and use Glo Dollars:\n\n-   Tier 1 Centralized Exchange listing\n-   Global on/off-ramps\n-   Glo Dollar credit/debit cards\n\nThe grants will be used to pay for listing fees, integration fees, Glo Dollar dApp improvements, and Glo Foundation salaries to build partnerships.\n", "hidden": true, "question": "What are your plans for further development, and how will the grant funds be used to achieve these goals?", "questionId": 7}, {"type": "paragraph", "answer": "0x7678883acc347ceb2460d1aee3d231641ed84749, 1\n0x7678883acc347ceb2460d1aee3d231641ed84749, 10\n0x7678883acc347ceb2460d1aee3d231641ed84749, 137\n0x7678883acc347ceb2460d1aee3d231641ed84749, 8453\n0x7678883acc347ceb2460d1aee3d231641ed84749, 42161\n0x7678883acc347ceb2460d1aee3d231641ed84749, 42220\n", "hidden": true, "question": "For any project deploying smart contracts on blockchain networks, please list all your deployer addresses and their corresponding blockchain networks. Use this format for each entry: [deployer_address], [chain_id]\u2014for example, 0x123abc..., 42161 (This represents a deployer address on the Arbitrum network). Please include a separate line for each unique deployer address and blockchain combination.", "questionId": 8}], "project": {"id": "0x11ad5b43ed18ff7a1f2d06140e6c664c79e74c99815c71381ffc96ff8fb7f37e", "title": "Glo Dollar", "logoImg": "bafkreiekatyncd3wjckq76ntqqs3orfdw2ln3qyzbcycfqiptywit55naa", "metaPtr": {"pointer": "bafkreidvo5i2ygljvvkl24hmijedjdq6xbxu3iaoywhpht3vxq6dwth7bq", "protocol": "undefined"}, "website": "https://glodollar.org", "bannerImg": "bafkreiau3fvxhfuumqunvdzisystnxy6fuu53houpuf6l3pd23ou6kpii4", "createdAt": 1679057727413, "userGithub": "gglucass", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..CIxMYxFfDsuqGVE4ZKSfOQRXWBQE59Gj-4u2DkeHA62i1D0_blKV8WEYJyY3v8sSps3s8SgBX7nzkBawBX43BQ", "type": "Ed25519Signature2018", "created": "2024-04-12T09:31:21.907Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-12T09:31:21.907Z", "expirationDate": "2024-07-11T09:31:21.907Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x1bbfC95B826693BF17665f36a66ac9c389b7E581", "hash": "v0.0.0:7+x069SG2S/dzGS5BL89+OboGpIxdKALsTPoPKHPsIc=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#Glo-Foundation#1226415"}}, "twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..nij_-J4TmerIfz8VqIIkhRUd7HV6M0TeRSMtZPLZMlYf-o01nAwL-Kp9IgiowDJZrKhHwbZPsIhcBhHX6UeeBQ", "type": "Ed25519Signature2018", "created": "2024-04-12T09:31:11.887Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-12T09:31:11.886Z", "expirationDate": "2024-07-11T09:31:11.886Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x1bbfC95B826693BF17665f36a66ac9c389b7E581", "hash": "v0.0.0:1FWl+w0bbbJBXMJDPuHPQGKcC0tlyQvs+c4pa2+2Rkk=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#glodollar"}}}, "description": "**Glo Dollar** (USDGLO) is the stablecoin that funds public goods. \ud83c\udf08\u2600\ufe0f\n\nStablecoin companies generate $7.4 billion annually from their stablecoin reserves. Our approach is different\u2014we funnel all our profits to public goods and charities.\n\nHolding Glo Dollars creates a virtuous cycle to grow ecosystems, instead of extracting yield for gains. By choosing Glo Dollar, you\u2019re funding public goods. At no cost.\n\nZero-cost philanthropy. \ud83e\ude84\n\n![Glo Dollar can generate $7.4B in public goods funding](https://i.imgur.com/X7fIIof.png)\n\nGlo Dollar is 100% fiat-backed, always redeemable 1:1 for USD and USDC, issued and regulated in the United States, and receives [monthly independent attestations](https://brale.xyz/stablecoins/USDGLO).\n\nGlo Dollar is available on 7 chains: Ethereum, Polygon, Optimism, Arbitrum, Celo, Stellar, and Base.\n\nWe've received a [Bluechip](https://bluechip.org/) rating, placing us among the top 10 fiat-pegged stablecoins with an initial B grade. This positions us as a safer option compared to Tether's USDT, FDUSD, and FRAX.\n\nGlo Dollar is developed by the Glo Foundation and is issued by [Brale](https://brale.xyz/stablecoins/USDGLO).\n\n### How it works\n\nWhat happens when you buy Glo Dollars:\n\n1. The fiat backing Glo Dollar is invested and earns revenue (similar to other stablecoins).\n2. We donate 100% of our profits on these investments to public goods and charities.\n3. You\u2019re funding public goods at zero cost.\n\n![How Glo Dollar works](https://i.imgur.com/qXnVlKN.png)\n\nWe call this **Automatic Public Goods Funding** (AutoPGF), because it is:\n\n- Simple: just hold a stablecoin\n- Zero-cost: holding a stablecoin is free\n- Embeddable: in treasuries, payroll, card transactions, \u2026\n\n### We\u2019re building the world\u2019s largest philanthropic funding mechanism\n\nThe current stablecoin market is ~$170 billion, enough to generate over $7 billion in public goods funding each year. \n\nBut there\u2019s no reason to stop here. We\u2019re making Glo Dollars as accessible as the US Dollar. Everywhere consumers and companies use money, they can use Glo Dollar instead.\n\n![Glo Dollar can grow to replace the US Dollar](https://i.imgur.com/kgyDAcX.png)\n\n### The public goods and charities we fund\n\nChoosing the causes to support is simple and can be done from [our dApp](https://app.glodollar.org). Users can select between different kinds of public goods and charities:\n\n-   Web3 public goods\n-   Fighting extreme poverty\n-   Combating climate change\n\nSee [the complete list of Cause Areas and Funding Recipients](https://www.glodollar.org/articles/fund-what-matters-to-you). We're adding more Cause Areas [on a rolling basis](https://www.glodollar.org/articles/causes-selection-criteria).\n\n### The Glo Foundation: our team\nWe're a Public Benefit Corporation that receives fiscal sponsorship from Global Impact---who accept and process donations on our behalf.\n\nOur mission: to unlock new sources of funding for public goods and charity.\n\nWe're led by an experienced team with backgrounds in tech, academia, and crypto:\n\n-   [Jasper](https://twitter.com/jasdrie) (Co-founder & CEO), previously at Secfi, founded ASIF Ventures\n-   [Garm](https://twitter.com/garmrdotcom) (Co-founder & CTO), previously at Secfi, holds a PhD in Product Management from the University of Utrecht\n-   [Lana](https://www.linkedin.com/in/lanadingwall/) (Partnerships), also involved with CharmVerse, Octant, Unlock Inc, and GreenPill\n-   [Christine](https://www.linkedin.com/in/christineto3/) (Business Development), previously at the Stellar Development Foundation and Anchorage Digital\n-   [Bram](https://www.linkedin.com/in/bramvoets/) (Growth), previously at Google, Plan A\n\n**Relevant links**\n[Our website: glodollar.org](https://www.glodollar.org)\n[Glo Dollar 2.0 announcement thread on X](https://x.com/glodollar/status/1775151425863213430)\n[Glo Dollar Bluechip rating](https://www.glodollar.org/articles/bluechip-rating)\n[Glo Dollar cause areas](https://www.glodollar.org/articles/fund-what-matters-to-you)\n[Glo Dollar X account](https://twitter.com/glodollar)\n[Glo Dollar Farcaster account](https://warpcast.com/glodollar)\n[Glo Dollar Discord](https://discord.gg/tMkFWHUQn7)\n", "lastUpdated": 0, "projectGithub": "Glo-Foundation", "projectTwitter": "glodollar"}, "recipient": "0x1b8E025BAC207e4ED55442Dc75578050D00a10bf"}}