metadata: {"signature": "0x2c296e06c740b280fe34d2507838b54d025ab09a24a97a6c2519b125210136b06b35dcf797c64a423c9f56800bcf0241ddf2a54d8532966abe948ab927da4a181c", "application": {"round": "0x8de918f0163b2021839a8d84954dd7e8e151326d", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "LisqRUnxJ//WasxqyL35w5vhLZmo040P0pU+/svZlzR1TAOVHoIw3UqcwNGSHmMW", "encryptedSymmetricKey": "4f9bccaef3d44c812fe8c27a193edb8e9c8651fe4aad1832e5e0e665f7cf6c24c5b60c9001763d5fb30ec48214624e15899090a29380bcf1512b88313707be09c72eb830fae895b62f06e67e5c0644efda15613fa714168abc52d5fdab3157b8f645de4bd6b1b50e49a76c872f0f2243c6966f0a86f110ed0e374f51ea3f5b16000000000000002057e83ba557e54e5002a37598026b79988f066b7d012dfd2a4e79ac7f4fed9fef539299b7f68ebf88e4d42ed11f49bbae"}}, {"type": "link", "answer": "https://github.com/Glo-Foundation/glo-wallet", "hidden": false, "question": "Project GitHub Repo (Not team page)", "questionId": 1}, {"type": "short-answer", "hidden": true, "question": "Telegram Handle", "questionId": 2, "encryptedAnswer": {"ciphertext": "8mIYeIxPJpxLeJi6trAuhs1KSoUWylRKfMAuUH2m8so=", "encryptedSymmetricKey": "73bfa713a6d76fb3deb1d01e806ce7bd8cef26bc621ca6dd299381b95f88f9e2bd4296786ea2ba5775e7cbac972a191517fbe43ee3ca56f29d435a3795e4b606ffe847880575529e2d478324c6a32b10fd1b7f9086429b84e78f1e819af6b5b0f78f9ecf065feb6471cd96fd6bb6f78f73570bf83f60490ef234d5ebc0048b1b000000000000002019128f09b99dba5ee85bf14ef43ea5db3c4b16e328bb0b7e991faf48d17dc09e1e2ac8ae0c4a4a40d255071213c8c5b8"}}, {"type": "link", "answer": "https://discord.gg/PUrBVdzzN5", "hidden": false, "question": "Link to your Public Group Chat (Discord or Telegram)", "questionId": 3}, {"type": "number", "answer": "4002000", "hidden": false, "question": "Total prior funding for the project in USD", "questionId": 4}, {"type": "paragraph", "answer": "We have received $4 million in donations from the Sijbrandij Foundation. We have also received about ~$2000 in on-chain funding through Gitcoin, Giveth and Endaoment.", "hidden": false, "question": "Please expand on how much funding you\u2019ve received from each funding source and when (VC, grants, token sales, etc)", "questionId": 5}, {"type": "number", "answer": "15", "hidden": false, "question": "Total team size", "questionId": 6}, {"type": "number", "answer": "24", "hidden": false, "question": "How old (in Months) is the project?", "questionId": 7}, {"type": "address", "answer": "0xBc6d82D8d6632938394905Bb0217Ad9c673015d1", "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": "https://www.linkedin.com/in/jeffreymilewski/\nhttps://www.linkedin.com/in/garmr\nhttps://www.linkedin.com/in/jasperdriessens/\n", "hidden": false, "question": "Profiles or socials of other main team members publicly associated with the project: ", "questionId": 9}, {"type": "multiple-choice", "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": 10}, {"type": "paragraph", "answer": "Glo Dollar is an OSS project. Its smart contract code is available at https://gitlab.com/global-income-coin/usdglo, and its dApp source code is available at https://github.com/Glo-Foundation/glo-wallet. The smart contract has been upgraded recently in light of audit recommendations (https://www.glodollar.org/articles/smart-contract-audits) and the dApp is in active development.\n\nGlo Dollar is very much focused on advancing the Ethereum and web3 communities. Well-functioning stablecoins are public goods; they are critical to DeFi, new user acquisition, and good relationships with regulatory authorities. When one of the leading stablecoins depegs or is shut down by regulators, it has very negative consequences for the entire ecosystem, as we already experienced with the infinite cascading consequences of the USDC depeg. We\u2019re aiming to reduce this existential risk by promoting stablecoin diversification. \n\nThe Glo Foundation is preparing to register as a 501(c)(3) nonprofit in the next few months. We think this more effectively aligns incentives between the coin\u2019s users and its creators than the shareholder model . \n\nThe Glo Dollar\u2019s social good mission also gives it a leg up in real-world adoption, and we are dedicated to onboarding new businesses and folks who have never used crypto, onto Glo Dollars (and by extension, all of the networks Glo Dollar is available on). For more, see https://www.glodollar.org/articles/vision-and-growth-strategy.", "hidden": false, "question": "Please explain how your project meets the round-specific eligibility criteria", "questionId": 11}, {"type": "paragraph", "answer": "Since we last applied, we have\n1. Selected Brale as our issuer and launched our business-facing product (https://www.glodollar.org/articles/brale-and-the-glo-foundation); \n2. Gone live on Ethereum, Polygon and Celo - Public Goods Network and Optimism will be supported in the next few weeks.\n3. Upgraded our smart contracts (https://www.glodollar.org/articles/smart-contract-audits); \nLaunched the Glo Dollar app (https://twitter.com/glodollar/status/1688523243450204160) \n", "hidden": false, "question": "If you've participated in past grant rounds, please share any new updates or milestones from the prior months", "questionId": 12}, {"type": "paragraph", "answer": "Our long-run expectation is that every $20,000 of Glo Dollar will generate $480 in annual donations to GiveDirectly, which provides monthly basic income payments to one person in extreme poverty. The faster we grow market cap, the quicker we get there, so our core metric right now is Glo Dollar market cap. Since we went live in early August, our market cap has more than doubled; if we\u2019re able to continue that growth rate, we\u2019ll be generating substantial donations to GiveDirectly in the immediate future. (For more, see https://www.glodollar.org/articles/the-numbers.)", "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": 13}, {"type": "paragraph", "answer": "Glo Dollar benefits the crypto ecosystem as a whole. Right now, most of the stablecoin market cap is captured by a corporate duopoly, and the main beneficiaries are few very rich men. We turn that model on its head by giving money away to the poorest people on earth. Stablecoins are essential to making crypto work, and we have a collective obligation to use and promote the ones that are committed to a flourishing ecosystem and human flourishing more broadly.", "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": 14}, {"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": 15}, {"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": 16}, {"type": "multiple-choice", "answer": "North America", "hidden": false, "question": "Location/Region where the project is based", "questionId": 17}], "project": {"id": "10:0x8e1bD5Da87C14dd8e08F7ecc2aBf9D1d558ea174:375", "title": "Glo Dollar", "logoImg": "bafkreic5a243jlwyh3ibicasha65ivte4edxhbosextqith7pqojtjyvji", "metaPtr": {"pointer": "bafkreicz3ibfxd4cs5dutjjzhxhjab7ppndqr4tl7wvfp3jkd42r6xsudy", "protocol": "1"}, "website": "https://glodollar.org", "bannerImg": "bafkreidfv653blfv35hxtaznro6uvq7a42676inyd5glb7myh7rsckrwmi", "createdAt": 1684839436969, "userGithub": "gglucass", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..QGbVPoeUwsqwRfdsfOadUL1--uM9fu5L7J1OTFOcYIFRts6dx5Jwle_Xl2ibQZf-CVTTgJ0JUftj4XwW57ywDQ", "type": "Ed25519Signature2018", "created": "2023-05-23T10:45:13.393Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-05-23T10:45:13.393Z", "expirationDate": "2023-08-21T10:45:13.393Z", "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..eEabWgxXyqf3HEox2gHa0EDguMxdILIf92U9QTFnu3Xi856_Tr39gk1yeBojO6jwovbakzvLLtdM1AIR7fEzBQ", "type": "Ed25519Signature2018", "created": "2023-05-23T10:44:56.659Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2023-05-23T10:44:56.659Z", "expirationDate": "2023-08-21T10:44:56.659Z", "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** is the anti-poverty dollar. As market cap goes up, extreme poverty goes down.\n\n\nGlo Dollar is a fiat-backed stablecoin pegged to the US Dollar. Like other stablecoins, Glo Dollar earns revenue from the Treasuries held in its reserve. Unlike other stablecoins, Glo Dollar\u2019s sponsoring organization, the Glo Foundation, gives away all income it earns from the coin to GiveDirectly, a well-respected NGO that sends money to people in extreme poverty, no strings attached.\n\nIn the long-run, we expect every $20,000 of Glo Dollar in circulation to create basic income for one person in extreme poverty. A $20 billion dollar stablecoin, which would make Glo Dollar the third largest, would lift one million people out of poverty.\n\nGlo Dollar is issued by brale.xyz and is now available on Uniswap on Ethereum, Polygon and Celo. Glo Dollar is an open source project, with smart contract code on GitLab and source code for its dApp on GitHub.\n", "lastUpdated": 0, "projectGithub": "Glo-Foundation", "projectTwitter": "glodollar"}, "recipient": "0x85bDCb8c603FDe2a36624A59225D05AEe456f958"}}