metadata: {"signature": "0xdec79318c37094df1c4e8c7ef2175836fef623c609f1f8e180904f3d27297a0432a2a9464d981e113e5e838deaed88c89e62c747f125daafe71064ea0ec327671c", "application": {"round": "0x9288f7f7f428ed6a7225a8c986855b95d9adb106", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "gQVpLopQa5OxY/UuYaRzqbYtNW4GSZrljq4ag+6aw38mkjX+ZCmbusYeqm07dws0", "encryptedSymmetricKey": "74cd91c5bba56dee691f2ecc269fd372df60a5d7d1afa8d1d37f467132f46b163bdfd6fa5780ee04361b65002e157e109dce3260a8b65be09e1f90b88244f9093a8610f0fc0b592298ce16d4fbc75e6b5e04ec009e032e4293aabc76bc6620b57715a28b97c01940abe72dda83afaad9f4a8ab1a6e37ad9c9038981ebc3becc40000000000000020f3b973eb9c6ef1d891eef3d8bea7de7faf341c0f2bb65a0ee2e0b8d6647b82357f7dc2499745186569afd4129232a685"}}, {"type": "short-answer", "hidden": true, "question": "Telegram Handle", "questionId": 1, "encryptedAnswer": {"ciphertext": "ysRxtMgxO4JiAcp3dXxkfhuidJ9hQvb24jTugz93OxE=", "encryptedSymmetricKey": "21e17087ccf341723988510a60b5e514d8d9a5c776833053e0173c7caec1c506ae12f2f51e17eeeae4cd1cc14cad4008cec32fed2d82270a908ecddb3958c2abcccffd3466349ace1a6077771adcb0816b3e12d460eb93788b6ca9cad9c746a5e466b987b502f44395152265fdb89abcf7264b29ba0247106e111f629876771900000000000000203a32fc6e222bc48052d1e4175ab06c305ca8dbfe6e81117c38e28a0bf652482a7d7202b478048edc4cc2ad48a5dcefb7"}}, {"type": "short-answer", "hidden": true, "question": "Gitcoin Gov Forum Handle (gov.gitcoin.co)", "questionId": 2, "encryptedAnswer": {"ciphertext": "xjnbATVvdpHsbmmmPqH/obYGL6x1w5zFsMoNy85kI8w=", "encryptedSymmetricKey": "f0f965093a0cdb98b935f087979c28d2770e74076ef05c3a3b7acfe68c1b9f3b22201e70fcaf99504197d0f84e13130d23f0b604df527b39fc9646b005b12154a7ef017d937ce4c90879154b0962f7dfd3927e1454d6994419e99399454e20aaeab4a48faa8fe88e04d223f838b64f6d69cda2b855f21b79076de30dadec55140000000000000020961599a613bb1d55bd29b386d2a223ebe284d51d7112c2775c89381197e613713428c5054a1d89adf394ea5930f5288c"}}, {"type": "short-answer", "hidden": true, "question": "Arbitrum Gov Forum Handle (forum.arbitrum.foundation) - Arb has provided some funding for the round and we want our community to get more involved in governance. ", "questionId": 3, "encryptedAnswer": {"ciphertext": "06dPFoDMVyo5NX95EmQzt8X1QQKrcEFZ2/WHbCDnoUo=", "encryptedSymmetricKey": "8119c87f948d19fc8e833141a8058cd7164e9c97ea72131e171f981c57db1c9fdff8272dec6214d89ad6c2a5ad168b09f6110c8ab66723292be5b017bac0e29f675f6ee8a3480c4ff79b5cd1bf061a1aeed6de8562f639e4448174eb605e96863415c36564e96ce04512a94eb5a3344ac21c827ea69fb8f21e49ca5354d478380000000000000020f9a91046187e979a8626933e5a9adbf77760f8467351879316828b0b578e762728ff3da23cb3d4b3e4db56b6925ad399"}}, {"type": "short-answer", "answer": "https://discord.gg/tMkFWHUQn7", "hidden": false, "question": "Link to your Public Group Chat (Discord or Telegram )", "questionId": 4}, {"type": "number", "answer": "5200000", "hidden": false, "question": "Total prior funding for the project in USD", "questionId": 5}, {"type": "paragraph", "answer": "The Glo Foundation received $5 million in grants from Sid Sijbrandij between 2021 and 2024---the majority of which was spent in the lead up to the launch of Glo Dollar in the summer of 2023.\n\nSince our last GG20 participation, these were other sources of funding:\n\n-   Green Pill x Octant community round on Gitcoin, March 2024: $3,836.77\n\n-   Arbitrum grant to run our own community round on Gitcoin with Arbitrum DAO, February 2024: $3,281.00\n\n-   Octant's Epoch Two, January 2024: $11,753.00\n\n-   Polygon Infra round on Gitcoin, January 2024: $5,944.30\n\nThe Giving Block grant to run holiday giving campaign, December 2023: $250", "hidden": false, "question": "Please expand on how much funding you\u2019ve received from each funding source and when? (VC, grants by foundation, token sales, etc)", "questionId": 6}, {"type": "number", "answer": "28", "hidden": false, "question": "How old (in Months) is the project?", "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": "number", "answer": "5", "hidden": false, "question": "Total team size", "questionId": 9}, {"type": "paragraph", "answer": "Jasper (Co-founder & CEO), previously at Secfi, founded ASIF Ventures\nGarm (Co-founder & CTO), previously at Secfi, holds a PhD in Product Management from the University of Utrecht\nMarcia (Head of Ops), previously at Anchorage Digital, Secfi, Bank of America\nLisa (Legal Counsel), previously at Circle, Salary Finance\nBram (Head of Growth), previously at Google, Plan A\nDeborah (Head of Finance), previously at Breeze Labs, founded Foodline.com", "hidden": true, "question": "Profiles or socials of other main team members publicly associated with the project: ", "questionId": 10}, {"type": "paragraph", "answer": "We recently upgraded Glo Dollar's protocol ([high-level overview here](https://x.com/glodollar/status/1775151425863213430)), to allow our users to fund public goods and charities that matter to them.\n\nUsers who hold Glo Dollars can now raise funds for climate action charities.\n\nHere's how it works:\n\n1.  The fiat backing Glo Dollar is invested and earns revenue (similar to other stablecoins).\n\n2.  We donate 100% of our profits on these investments to public goods and charities.\n\n3.  You're funding public goods at zero cost.\n\nIf the user selects 'Combat climate change' in our dApp, 100% of the yield made on fiat backing their amount held in Glo Dollars will be donated toward best-in-class climate charities.", "hidden": false, "question": "Please explain how your project meets the Climate Solutions Round eligibility criteria. ", "questionId": 11}, {"type": "paragraph", "answer": "Previously, Glo Dollar was the anti-poverty stablecoin. We've upgraded our protocol, enabling Glo Dollar users to fund what matters to them. 1 Glo Dollar = 1 vote. In the first version of our dApp, users are able to select the following cause areas:\n\n1.  Combat climate change\n\n2.  Web3 public goods\n\n3.  Fight extreme poverty\n\nWe added about $1M in market cap and crossed the $2M threshold in December 2023. More leading organizations in Web3 have added Glo Dollars to their treasury, including Gitcoin ($100K in USDGLO), and Polygon ($150K in USDGLO).\n\nBeyond the ongoing conversations and partnerships, we've also run a Glo Dollar community round in collaboration with Arbitrum DAO using Gitcoin's protocol for organizations that are looking to embed philanthropy with Glo Dollars. A total of 50 projects took part, and have crowdfunded over $16K from more than 400 unique donors--see [the report card](https://x.com/glodollar/status/1767852096588509214).\n\nIn terms of new things and pilots, we've kicked off embedding public goods funding into payroll with the likes of Niural and Opolis. We also piloted Glo Dollar collateralized credit cards in collaboration with Rain, and we're set to roll out fully in the first half of 2024.", "hidden": false, "question": "If you've received funding in past grant rounds, please share any new updates or milestones from the prior months. You can also include the challenges you've faced. ", "questionId": 12}, {"type": "checkbox", "answer": ["No"], "hidden": false, "question": "Have you used Hypercert, Deresy, Karma GAP or other impact tool for your project? ", "questionId": 13}, {"type": "paragraph", "answer": "We are currently not using any of these tools, but are in touch with Karma GAP to start working with them and are actively exploring hypercerts.", "hidden": false, "question": "Please share links to any tools you are using to track impact (Hypercerts, Deresy, Karma GAP).", "questionId": 14}, {"type": "paragraph", "answer": "We report on the most important metrics on our homepage, with links to more detailed reports:\n\n-   [Glo Dollar market cap](https://brale.xyz/stablecoins/USDGLO)\n\n-   [Total Glo Dollar holders](https://www.glodollar.org/)\n\n-   [Glo Consortium members](https://www.glodollar.org/glo-consortium)\n\n-   [Total amount donated to public goods](https://www.glodollar.org/articles/donations)\n\n-   [Bluechip rating](https://bluechip.org/coins/usdglo)", "hidden": false, "question": "How do you measure the impact of your project? Please provide examples and/or standard metrics. This might be used in future impact reports ", "questionId": 15}, {"type": "paragraph", "answer": "-   **Glo Dollar 2.0**. We recently upgraded our protocol---see a high-level overview here.\u00a0\n\n-   **Glo Dollar safety**. We received our [Bluechip stablecoin safety rating](https://bluechip.org/coins/usdglo), with an initial B grade. This places us among the top 10 fiat-pegged stablecoins.\n\n-   **Leading orgs buying Glo Dollars**. Polygon and Gitcoin recently bought Glo Dollars.\u00a0\n\n-   **Partnerships**. We launched the [Glo Consortium](https://www.glodollar.org/glo-consortium) in the fall of 2023, and have since grown it to 38 organizations embedding philanthropy with Glo Dollar.\n\n-   **Salaries in Glo Dollars**. We're partnering with Opolis and Niural to help more organizations pay their staff in Glo Dollars.", "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": 16}, {"type": "checkbox", "answer": ["Yes"], "hidden": true, "question": "Would you like to opt-in to future messages from the Climate Coordination Network (CCN) for updates, information, and/or interviews? ", "questionId": 17}, {"type": "checkbox", "answer": ["Yes"], "hidden": true, "question": "Would you like to opt-in to us sharing your information with select third-parties for investment opportunities? ", "questionId": 18}, {"type": "multiple-choice", "answer": "Other", "hidden": false, "question": "Which of these categories best represents your project? Choose from: ", "questionId": 19}, {"type": "checkbox", "answer": ["North America"], "hidden": false, "question": "Location/Region where the project is located: Choose from: ", "questionId": 20}, {"type": "multiple-choice", "answer": "Africa", "hidden": false, "question": "Primary Location/Region where the project is making an impact: Choose from: ", "questionId": 21}, {"type": "short-answer", "answer": "Our impact is global, but the majority of our historical funding to fight extreme poverty has been in Kenya, Malawi, Mozambique, and Liberia. ", "hidden": false, "question": "What specific Country or Countries are you making an impact in?", "questionId": 22}, {"type": "checkbox", "answer": ["Yes"], "hidden": true, "question": "Have you read and confirmed your grant abides by the Program General Eligibility Policy? https://gitcoin.notion.site/GG18-Eligibility-cb4a5754c56043d4b3ed34eddbac261c?pvs=4", "questionId": 23}, {"type": "checkbox", "answer": ["Yes"], "hidden": false, "question": "Would you like to be included in an additional 125k sub-round funded by Shell? All grantees must agree to a KYC process to be eligible to receive these funds. ", "questionId": 24}, {"type": "checkbox", "answer": ["Yes"], "hidden": false, "question": "Would you like to be included in an additional 50k sub-round funded by Celo? In order to qualify you must meet one of these eligibility criteria: Have an active deployment on the Celo blockchain or Have a clear public intention, commitment, or roadmap towards supporting Celo.  ", "questionId": 25}], "project": {"id": "0x11ad5b43ed18ff7a1f2d06140e6c664c79e74c99815c71381ffc96ff8fb7f37e", "title": "Glo Dollar", "logoImg": "bafkreie6dgcfv4jz4zoqvbq5shcu4vt45ddijyah5zcfpoqjhusztvg4yq", "metaPtr": {"pointer": "bafkreidticacn35upjegy6ggggxznwkadkngyylk6ikddzor3abz3oibnq", "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 up to $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\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. Glo Dollar is available on 7 chains: Ethereum, Polygon, Optimism, Arbitrum, Celo, Stellar, and Base. We've just received a Bluechip 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\u2019s USDT, FDUSD, and FRAX.\n\nGlo Dollar is developed by the Glo Foundation and is issued by Brale.\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/X7fIIof.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 ~$150 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. Right now, users can select 3 cause areas:\n\n- Web3 public goods\n- Fighting extreme poverty\n- Combating climate change\n\nWe\u2019ll add more causes on a rolling basis.\n\n### We\u2019re shipping 3 big things in the upcoming months to onboard the next billion users\n\n1. Glo Dollar credit cards, in collaboration with Rain. Glo Dollar credit cards will help us make Glo Dollar accessible for mainstream real-world usage. Users can replace their fiat backing with Glo Dollars and spend Glo Dollars anywhere Visa is accepted.\n2. Centralized exchange listings. We\u2019ll be pitching to CEXs such as Coinbase and Kraken.\n3. Glo Dollar ubiquity through Glo payroll, Glo credit, Glo on/offramps, \u2026\n\n![Glo Dollar Credit Cards are coming](https://i.imgur.com/p1WuFgl.png)\n\n### The Glo Foundation: our team\nWe\u2019re a Public Benefit Corporation that receives fiscal sponsorship from Global Impact\u2014who accept and process donations on our behalf.\n\nOur mission: to unlock new sources of funding for public goods and charity.\n\nWe\u2019re led by an experienced team with backgrounds in tech, academia, and crypto:\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- [Marcia](https://www.linkedin.com/in/mblacken/) (Head of Ops), previously at Anchorage Digital, Secfi, Bank of America\n- [Lisa](https://www.linkedin.com/in/lisa-logerfo-a2668547/) (Legal Counsel), previously at Circle, Salary Finance\n- [Bram](https://www.linkedin.com/in/bramvoets/) (Head of Growth), previously at Google, Plan A\n- [Deborah](https://www.linkedin.com/in/deborahlightfoot/) (Head of Finance), previously at Breeze Labs, founded Foodline.com\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 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"}}