metadata: {"signature": "0xe7d8a8a323ad763f95f1202a39786fe7ebe08cda12a0b7827bcb4c7bc96debcd41db31189fcef7980191b757533339cc65d5a2c044ea3a7d4b8b98773d368d6e1b", "application": {"round": "0xc1cffd1845deee83ab44cae123738a854593bcd2", "answers": [{"type": "checkbox", "answer": ["Core Infrastructure", "dApps & Apps"], "hidden": false, "question": "How does your project contribute to the advancement of the Arbitrum ecosystem?", "questionId": 0}, {"type": "paragraph", "answer": "Glo Dollar is the stablecoin that funds public goods.\n\n\nSince our launch on Arbitrum, we have achieved a market cap of $134,000. We have processed over 1,000 transactions and have 233 unique holders using Glo Dollar on Arbitrum. \n\n\nThis market cap will soon be doubled as Climate Coordination Network will pay out at least $125,000 in Glo Dollar in matching funds to the 75 projects participating in its GG21 community round.\n\n\nIn March this year, we organized a round on Gitcoin together with Arbitrum DAO in which we distributed 10,000 to 50 projects building on Arbitrum.\n\n\nGlo Dollar embeds zero-cost philanthropy into Arbitrum, its dApps and its users\u2019 wallets. If Glo Dollar (USDGLO) would replace 10% of USDC on Arbitrum, we would be able to donate up to $5.8m to public goods and charities per year\u2014at no cost to Arbitrum or its users.\n", "hidden": true, "question": "Describe your previous work or plans related to the Arbitrum ecosystem. How does your project strengthen Arbitrum's foundational infrastructure, improve developer efficiency, or accelerate the adoption of novel applications?", "questionId": 1}, {"type": "paragraph", "answer": "Not applicable at the moment. We intend to expand to Arbitrum Orbit Chains, and have just started talking with Orbit Chains to explore synergies.", "hidden": true, "question": "If applicable, describe how your project leverages Stylus or Arbitrum Orbit Chains. What unique capabilities or use cases does this enable?", "questionId": 2}, {"type": "paragraph", "answer": "Jasper Driessens (CEO) worked in marketing at Secfi and started ASIF Ventures, a fund that invested in 15 startups. He is great at storytelling and strategic thinking, creating a clear Glo Dollar vision. Jasper knows how to build strong brands and has a solid track record in fundraising.\n\nGarm Lucassen (CTO) was the lead product manager at Secfi and co-founded several NFT projects. He has a PhD in product management from the University of Utrecht. Garm is a top engineer and a strong leader. He\u2019s an expert in making systems scalable and reliable.\n\nComplementing our leadership, our team is strengthened by people who formerly worked at Google, the Stellar Development Foundation, and Anchorage Digital.\n", "hidden": true, "question": "Describe your team's expertise in your chosen focus area within the Arbitrum ecosystem. Include relevant experience, publications, or past projects.", "questionId": 3}, {"type": "short-answer", "answer": "https://gap.karmahq.xyz/project/glo-dollar", "hidden": true, "question": "Please provide a link to Karma GAP, where you are tracking and reporting on milestones.", "questionId": 4}, {"type": "paragraph", "answer": "0x4f604735c1cf31399c6e711d5962b2b3e0225ad3\n\n\n0x7678883ACC347CEb2460d1aee3d231641ED84749\n\n\n0x1bbfC95B826693BF17665f36a66ac9c389b7E581\n\n\n0x2c844b941c67b24c799fd43bad117cdf7f23ef81\n", "hidden": true, "question": "List any contract addresses with the associated network(s), EOAs, or deployer addresses your project has deployed.", "questionId": 5}, {"type": "paragraph", "answer": "In March this year, we organized a round on Gitcoin together with Arbitrum DAO in which we distributed 10,000 to 50 projects building on Arbitrum. Report card: https://reportcards.gitcoin.co/42161/0xc5262fc451a72f68f83563e30126d9c1d5d77659.\n\n\nRight now, Glo Dollar is participating in the GIV-ARB round, in which we\u2019re aiming to secure the maximum of 7500 ARB in matching funds. These funds will support our operations and help us integrate more deeply into the Arbitrum ecosystem.\n", "hidden": true, "question": "Have you received any previous grants or support for your work in the Arbitrum ecosystem? If so, please provide details and estimated funding amounts.", "questionId": 6}, {"type": "dropdown", "answer": "Yes", "hidden": true, "question": "Please confirm that you have read and agree to comply with the ethical standards outlined in the eligibility criteria, including Gitcoin's Quid Pro Quo policy (https://support.gitcoin.co/gitcoin-knowledge-base/gitcoin-grants/general-questions/what-is-our-quid-pro-quo-policy)", "questionId": 7}, {"type": "paragraph", "answer": "N/A", "hidden": true, "question": "Do you have any potential conflicts of interest to disclose? If yes, please provide details.", "questionId": 8}, {"type": "paragraph", "answer": "N/A", "hidden": true, "question": "Would you like to share anything else about your project, team, or vision for the Arbitrum ecosystem that wasn't covered in the previous questions?", "questionId": 9}], "project": {"id": "0x11ad5b43ed18ff7a1f2d06140e6c664c79e74c99815c71381ffc96ff8fb7f37e", "title": "Glo Dollar", "logoImg": "bafkreiekatyncd3wjckq76ntqqs3orfdw2ln3qyzbcycfqiptywit55naa", "metaPtr": {"pointer": "bafkreieffidlp5hiy2bf4ebrfykhsmqtrjel6quhm4ukrwjccqwmxurqie", "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\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 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"}}