{"signature": "0xec4b93caa524763cd0759777f3b38e144b8bdf9c9bd34fde54a9f6f721ffeba034327cc75dd185f2d83918fd05ea6e96601a88e37af402e102af310046fc1ba11b", "application": {"round": "0x1b0caf40f491dce9c51e7e33d6e86112bb0bb91b", "answers": [{"type": "checkbox", "answer": ["Development of Web3 Grants tooling", "Experiments with innovative funding mechanisms"], "hidden": false, "question": "How does your project contribute to the advancement of the Web3 grants ecosystem?", "questionId": 0}, {"type": "paragraph", "answer": "We’ve collaborated with Giveth, Commonstack, and Polygon to launch the Quadratic Accelerator. This initiative combines bonding curves with quadratic funding to create a more efficient and sustainable way to fund Web3 projects  It enhances community participation and ensures sustainable funding for projects that receive broad support. The Quadratic Accelerator allows projects to leverage grants to kickstart sustainable token economies without needing significant initial capital. It also incentivizes ecosystem builders to hold onto grant tokens, fostering a more aligned and resilient ecosystem.\n", "hidden": true, "question": "Describe your previous work or plans related to the Web3 grants ecosystem.", "questionId": 1}, {"type": "paragraph", "answer": "Our project creates value for the Web3 grants ecosystem by addressing three critical challenges:\n\nProblems We Solve:\n1. Token Dumping: A common issue with grant programs is that projects often sell off their grant tokens for immediate cash, undermining the program's mission to attract and retain value within the ecosystem. This practice contradicts the goal of strengthening the ecosystem through the use of native tokens.\n\n2. Tokenization Barriers: Small projects struggle to tokenize without significant initial funding or liquidity.\n\n3. Lack of Sustainable Revenue: Most projects applying for grants lack a clear path to sustainable revenue.\n\n\nHow We Solve These Problems:\n\n1. Use Grant Tokens as Collateral: Instead of dumping the grant tokens, projects can use them as collateral to kickstart their Primary Issuance Market (PIM), enabling immediate tokenization.\n\n2. Immediate Revenue Streams: PIMs enable projects to generate revenue from token activities from day one, creating a sustainable financial model. Unlike traditional setups where token activities primarily benefit third parties like exchanges and market makers, PIMs allow projects to capture the value generated by their own tokens.\n\n3. Incentivizing Ecosystem Builders: This approach gives base layer tokens, like L2 tokens, a new utility as they now can act as an index of the value created within their respective ecosystem\n\nThis creates a more resilient and sustainable Web3 grants ecosystem.\n", "hidden": true, "question": "How does your project create value for the Web3 grants ecosystem?", "questionId": 2}, {"type": "paragraph", "answer": "Our Co-Founder’s Expertise: \n\nAlp Ergin (CEO): Alp began his journey in Web3 by building a Web2.5 solution using the IBM Trust Chain for supply chain management. He has contributed to the EU Horizon Grants program and advised organizations collaborating with the UN in developing regions. Alp has also supported DAO formation and operations, and ecosystem design for decentralized and distributed ownership economies.\n\nMarvin Kruse (CTO): Marvin is a protocol architect with over five years of experience in the Ethereum space and 12 years in software development. He has a strong background in security and auditing, having advised and audited numerous projects on architecture, security, and development processes.\n\nAtaberk Casur (COO): Ataberk has worked as a researcher and mechanism designer in collaboration with Curve Labs and BlockScience. He has been involved in various projects implementing on-chain systems beyond DeFi, such as Prime, Token Engineering Commons, Sphere, and Toucan. He led the R&D for the first programmable escrow contract for DAO2DAO coordination.\n\nPablo Carra (Protocol Lead): Pablo is our R&D lead and smart contract developer with a background in computer science. He has been involved in Web3 projects for the past three years, including contributions to the Token Engineering Commons and Praise.\n\nOur team comprises over 15 individuals, including data scientists and full-stack developers, all of whom bring diverse expertise from various projects. We collaborate closely with experts such as BlockScience, BCRG, to enhance our projects.\n\nFor further insights into our research and contributions, please refer to our blog: https://www.inverter.network/blog \n", "hidden": true, "question": "Describe your team's expertise in your chosen focus area within Web3 grants. Include relevant experience, publications, or past projects.", "questionId": 3}, {"type": "paragraph", "answer": "Open-Source Contributions: We will publish our methodologies and tools on open-source platforms like GitHub\n\nDetailed Documentation: We will create comprehensive documentation, including tutorials and case studies\n\nAMA's and Workshops: We will host webinars and AMA's to present our findings, demonstrate our tools, and gather feedback from the community.\n\nArticles: We will write and publish articles that highlight key insights and developments.\n", "hidden": true, "question": "How do you plan to share insights, methodologies, or tools developed through your project with the Cartographer Syndicate and the broader Web3 grants community?", "questionId": 4}, {"type": "paragraph", "hidden": true, "question": "List any contract addresses with the associated network(s), EOAs, or deployer addresses your project has deployed.", "questionId": 5}, {"type": "paragraph", "hidden": true, "question": "Have you received any previous grants or support for your work in Web3 grants? 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", "hidden": true, "question": "Do you have any potential conflicts of interest to disclose? If yes, please provide details.", "questionId": 8}, {"type": "paragraph", "hidden": true, "question": "Is there anything else you'd like to share about your project or team that wasn't covered in the previous questions?", "questionId": 9}], "project": {"id": "0x65d8e9be9448fbfc55737ccee6ebd9b1c48ce7fe2a28f313a89b224d2b6db22b", "title": "Inverter Network", "logoImg": "bafkreihpqjuutmfvijknuchosi7ohmxwgqth7cvchadmmmod6uxeg6fbna", "metaPtr": {"pointer": "bafkreifi4unnscwsoydxyb6yrwwcox6glmvo6qxjy5cueuj3dlmzbduiza", "protocol": "undefined"}, "website": "https://www.inverter.network/", "bannerImg": "bafkreih2c6ndxuk4gsw7rajzed4lhzjawnzyhpksx2huusle54soii46aa", "createdAt": 1713301913805, "userGithub": "", "credentials": {}, "description": "Inverter Network Overview\n\nInverter Network is formed with a vision that tokens, from the way they are created to the larger system they are connected to, can make modular money and programmable institutions possible on the blockchain by enabling issuing and distributing tokens in a programmable and dynamic way.\n\nTo realize its vision, Inverter built two novel technologies:\n\n1. Inverter Protocol\n\nInverter Protocol v.1 is a modular infrastructure ensuring extendability and upgradability. It allows dynamic operability of embedded business logic and token economies via customizable admin panels, offering a comprehensive back-office solution.\n\nCustomizable Admin Panel: Provides an interface for streamlined, no-code configuration, deployment, and operation of token economies using Inverter workflows and out-of-the-box integrated solutions.\n\nDrag & Drop Functionalities: Enables drag-and-drop smart contract functionalities such as staking, streaming, KYC/AML services, and oracle services without additional manual development.\n\nModule Registry: An on-chain registry of reusable, upgradable, and interoperable modules that can be assembled into custom workflows and integrated or removed without affecting the system's overall integrity.\n\nAudited with a Security Standard: Ensures high-security standards through extensive testing and security reviews by established auditing partners.\n\n2. Primary Issuance Markets (PIMs)\n\nInverter introduced PIM technology to enable projects to deploy token economies with conditional issuance and extendible utility management. PIMs facilitate dynamic token issuance with programmable distribution, capturing value from token economies perpetually.\n\nDynamic Token Issuance and Pricing: Utilizes algorithmic pricing for minting and redeeming tokens, allowing projects to dynamically adjust token supply based on market conditions and project needs.\n\nMarket Value Capture: Enables projects to profit from their tokens' trading volumes and volatility, capturing value from token activity that previously benefited only external parties like third-party market makers and exchanges.\n\nSustained Treasury Growth and Stability: Proceeds from token issuance contribute to increasing project reserves, establishing a price floor, growing the treasury, and supporting long-term development without dumping on the community.", "lastUpdated": 0, "projectGithub": "InverterNetwork", "projectTwitter": "inverternetwork"}, "recipient": "0x8Bc82aa112d6f0Bc666146dF3Ee97CaA98dc1a4F"}}