metadata: {"signature": "0x9143af5be1ae6273261dea0cc77c658e94ba7ca52cf8353f2c78766a30478e10081684a2d6a7921fe4d6d5e605679e52d89d05f02dd2aad4b06e2b0938b35fed1b", "application": {"round": "0x546b0bf47c5b5253ff83c8d614662adb7d3ba9b1", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "+oESp2hZTz4Y8yOY2whReaDyUralACOVuLkD4prvHry8KHjmt3VHyTaIEKeeQFth", "encryptedSymmetricKey": "5475aad474f5087df2d7b04ad054b1c4860bc3b729892590ed983fff6790202c35ba6a5a06bf4ddc819bb794e61c1e010c5d4d7d3633a3adbbfebd142da99e09ee40dc5f337a61e30a94eb0897b0e00cae53b588f3ea0e714400e5b27bb938b752288c51ae3d2e39ee1a968ea334c9c40ec0deaf2754896dd5d090216aa284cb00000000000000205102eb03eca250171f104000967a290b891c43e401e54fdbde4750623df6229d6f10609c1be7aeb733ee371a1c1ed0a8"}}, {"type": "dropdown", "answer": "Yes", "hidden": true, "question": "The grant will be used to develop on Polygon", "questionId": 1}, {"type": "paragraph", "answer": "# A stablecoin that generates basic income for people living in extreme poverty (less than $2.15 per day)\n\nSimply by owning money in the form of Glo Dollars, you generate new money which then goes to people living in extreme poverty. Sounds magical? The model is quite simple.\n\nThink of Glo as an alternative version of the US dollar with an added property: it lifts people out of extreme poverty. Glo presents a new way for individuals and businesses to help fight extreme poverty. You can participate by swapping some of your normal money to Glo.\n\nHolding Glo = donationless philanthropy. When you swap from USD \u21c4 USDGLO, you help us make more money. We donate all of this to basic income programs for people living in extreme poverty. This costs nothing to the Glo Dollar holder.\n\n![Using Glo Dollars as money is donationless philanthropy](https://i.imgur.com/a6HbGrR.png)\n\nWith time, we expect to lift one person out of extreme poverty for every $20,000 of Glo Dollar market cap. At the size of Tether\u2019s USDT, Glo would generate over $2 billion in basic incomes and lift over 4 million people out of extreme poverty.\n\n![As Glo adoption grows, more people get basic incomes](https://i.imgur.com/Dtp7mxY.png)\n\n# A collective of 30+ members is embedding philanthropy already\n\nSince our launch in the summer of 2023, we\u2019ve grown Glo Dollar to a $2.3 million stablecoin.\n\nOur growth owes much to the Glo Consortium, a collective of 30+ organizations. They've been actively incorporating philanthropy into their operations in different ways:\n\nThey\u2019re making it possible to run much of your financial stack on Glo\u2013including fiat payments, corporate Visa credit cards, Glo payrolling, and Glo accounting. Donation platforms like Endaoment, Giveth, and Donorship boost philanthropic impact by supporting Glo Dollar. On these platforms, you can now donate in Glo Dollars. Lastly, a growing list of organizations is holding Glo Dollars in their treasury.\n\n![Glo Consortium Ecosystem (B2B)](https://i.imgur.com/kjgzTw6.png)\n\nAll the money converted to Glo contributes to our mission. Our operational costs are generously funded through donations (see funding sources above).\n\n# How Glo benefits the Polygon Ecosystem\nOur objective is to accelerate embedded philanthropy into Polygon's infrastructure, while improving stablecoin diversity. \n\n# How this grant will help us\nThe funds raised will primarily go towards establishing partnerships with projects in the Polygon ecosystem. In particular, funds will be used for:\n\n**1. Improving stablecoin diversity**. We\u2019ll actively forge partnerships with Polygon projects looking to build with Glo Dollar such as with Giveth, who accept donations made in USDGLO.\n\n**2. Gitcoin round funding other projects building with Glo Dollar.**\n\n**3. Expansion of the Glo Consortium**. We\u2019re out to make Glo Dollar more ubiquitous by inviting more Polygon projects to join the Consortium.", "hidden": false, "question": "Grant Proposal", "questionId": 2}], "project": {"id": "137:0x5C5E2D94b107C7691B08E43169fDe76EAAB6D48b:208", "title": "Glo Dollar", "logoImg": "bafkreif354asgwjy3hmrqjmf7b3d5axh4knqco2u5y4wvzefdhefaw4kqe", "metaPtr": {"pointer": "bafkreieeimvuuiifbrip7bj7pqpmwhwoj5m4xkiqtoldnodnpjyfgnicmu", "protocol": "1"}, "website": "https://glodollar.org/", "bannerImg": "bafkreicxala5623k4njkwsecq5hbbxe35dtcumqaaar5fhbam345s6dqcm", "createdAt": 1705070837279, "userGithub": "gglucass", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..YpXm2U_N4k08OqxKVhs5AJMlyiZi_wTSkMz8KK32Q8e0Vwp-D2HL3HgJ5pkpF999-VCzlk4mPKdv-IcniIgcDQ", "type": "Ed25519Signature2018", "created": "2024-01-12T14:46:58.500Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-01-12T14:46:58.500Z", "expirationDate": "2024-04-11T14:46:58.500Z", "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..bd_ZMj834fRqFXMUx8BwBEf_YM-44cJ8ugvM9gaM8UMhx1gE7sd_GzvvaZtxNvmVzHUZK5zOjl4IneiyaTZTCQ", "type": "Ed25519Signature2018", "created": "2024-01-12T14:45:03.689Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-01-12T14:45:03.689Z", "expirationDate": "2024-04-11T14:45:03.689Z", "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\nGlo Dollar (USDGLO) is a fiat-backed stablecoin pegged to the US Dollar, that recently launched on Polygon PoS\u2013[as tweeted by Polygon Labs](https://x.com/polygon_onchain/status/1735760217357316260?s=20). 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](https://www.givedirectly.org/), a well-respected NGO that sends money to people in extreme poverty, no strings attached.\n\nA $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 available on Uniswap on Polygon and other chains. As the leading chain working towards more equality for all humanity and a more sustainable planet, we believe the Polygon ecosystem is an amazing fit for Glo Dollar. We're excited to be building alongside the Polygon team to bring embedded philanthropy to all of Polygon's projects, and are honored to already be featured on [https://polygon.technology/sustainability](https://polygon.technology/sustainability).\n\nCentralized stablecoins are critical infrastructure, facilitating liquidity, trading, and financial ops for Polygon and the crypto ecosystem at large. Yet, 92% of centralized stables are managed by the companies behind USDC/T. Glo Dollar is a top contender with the potential to disrupt the stablecoin duopoly. We wrote about [why stablecoin diversity is not optional](https://www.stablecoindiversity.org/).\n\nLearn more about Glo Dollar: [www.glodollar.org](http://www.glodollar.org). \n", "lastUpdated": 0, "projectGithub": "Glo-Foundation", "projectTwitter": "glodollar"}, "recipient": "0x9bbA88D144162E0C75baF0244a2dBAE6669De5Ca"}}