{"signature": "0x2522547d1bb4c31bd9097fc2a71e88693c688a591c499c132fd21678f3e1138b2739de83145950fe1f95b969d67701bc0ae4ffd7c81b19105fa817733a57da5a1c", "application": {"round": "0xe03a19f4921d69cddd37f54dfe814dc66aa92100", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "zTb2wYBHFQsdUO+Tgdn16k1seooYr2utU9TvId5ieSe6ggNIEG4koM6k3DvG9A4z", "encryptedSymmetricKey": "1fbd8518ec36a287348c0269551f00c8046b8b02f7fa55dd1af1a784f8999730448bc6139bf5dd2ee120f96112173106902e65b588841252d302f0af3f47da80a908afecd7f12e3feb91a31bfb78c7939eb52055e0b62c88973462bf9631a8ac18d11c846968939252f17cbe56216d4c6576306e560a8dfc1bac44ba298e51840000000000000020633bcd3fb412a905ca469ad87b5ece79ca83dd7450eb95862cec46949ea51997c424ecc291a103601cb8cd3b05c1b495"}}, {"type": "short-answer", "hidden": true, "question": "Telegram Handle We Can Use To Contact You(you can answer N/A)", "questionId": 1, "encryptedAnswer": {"ciphertext": "AFRKyisvlccNCCIfyGjK02EhR197M+hAHZ53osJ67+Q=", "encryptedSymmetricKey": "cb8be11a549200a237d0d3bf3f548f399f93d2cb98c163cfb9b0728a330eb5cfd34cc48e9e4bd373759e0aa32527e50859b37dbe681e3fa37172118d41142433c9d3d7964ba693c90a514b42d623cc0c5d4b830e2eccae1cfa8de709ddf968974f0db5c8597a60c64f237402112913adc1f5d71341e94ac09700ff4de8dd0da2000000000000002000005bfcf0bd5159143532b92ab06715db88716d7d82159b082516b0c8f53853c32f90e333c471560d2a22f69f8c90b6"}}, {"type": "link", "answer": "https://github.com/Glo-Foundation/glo-wallet", "hidden": false, "question": "Project GitHub Repo (Not Team Page): ", "questionId": 2}, {"type": "number", "answer": "5", "hidden": false, "question": "Total Team Size", "questionId": 3}, {"type": "paragraph", "answer": "Driesssens -  0x7d320e26F2ADE35652E2B4bEA6A8455e38b95E17\n\nOther current team members do not have github handles", "hidden": false, "question": "List the Github Handles and Wallet Addresses of Each Team Member (e.g. owocki - 0x123, kbw  - 0x456):", "questionId": 4}, {"type": "paragraph", "answer": "https://twitter.com/jasdrie\nhttps://twitter.com/garmrdotcom\nhttps://www.linkedin.com/in/mblacken/\nhttps://www.linkedin.com/in/lisa-logerfo-a2668547/\nhttps://www.linkedin.com/in/deborahlightfoot/\nhttps://twitter.com/vts_bram", "hidden": true, "question": "Social profiles (Twitter, Farcaster, Lens, etc.) of other main team members publicly associated with the project (N/A for solo founders): ", "questionId": 5}, {"type": "link", "answer": "https://discord.gg/tMkFWHUQn7", "hidden": false, "question": "Link to your Public Group Chat (e.g. Discord or Telegram)", "questionId": 6}, {"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. [See our announcement on X](https://x.com/glodollar/status/1775151425863213430).\n\nWe added about $1M in market cap and crossed the $2M threshold in December 2023, after which we began donating our share of the yield. Brale, our issuance partner, retains 100% of yield on the first $2M in market cap. 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.\n", "hidden": false, "question": "If you've participated in past grant rounds, please share any new updates or milestones from the prior months (N/A if you haven’t participated previously). ", "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": "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": "Where should we look to see the impact of your project? Please provide links to public websites and/or the latest values for key metrics you track privately. This might be used in future impact reports", "questionId": 9}, {"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\n- The Giving Block grant to run holiday giving campaign, December 2023: $250", "hidden": false, "question": "Total Prior Funding Amounts, Sources, and Dates for the project in USD", "questionId": 10}, {"type": "checkbox", "answer": ["Grants"], "hidden": false, "question": "Which of the following funding sources do you have? Check all that apply", "questionId": 11}, {"type": "number", "answer": "29", "hidden": false, "question": "How old (in Months) is the project?  ", "questionId": 12}, {"type": "multiple-choice", "answer": "North America", "hidden": false, "question": "Location/Region where the project is based ", "questionId": 13}, {"type": "multiple-choice", "answer": "Yes", "hidden": true, "question": "Have you read and confirmed your grant abides by the Program General Eligibility Policy? ", "questionId": 14}, {"type": "short-answer", "answer": "No", "hidden": true, "question": "Are you applying for any other OSS rounds in GG20? (Reminder: you can only be accepted into one) ", "questionId": 15}, {"type": "paragraph", "answer": "Glo Dollar is the stablecoin that funds public goods. By hodling Glo Dollars, our users fund public goods that benefit the crypto ecosystem at no cost.\n\nHow it works:\n\n1.  Using our dApp, users can link their wallet and buy Glo Dollars.\n\n2.  They can also select the public goods and charities they'd like to fund. 1 Glo Dollar = 1 vote.\n\n3.  When more Glo Dollars are minted, the fiat backing Glo Dollar grows. This fiat backing is invested and earns revenue.\n\n4.  We donate 100% of our profits on these investments to the public goods and charities selected by Glo Dollar holders.\n\n5.  Glo Dollar holders are funding public goods at zero cost.", "hidden": false, "question": "Please describe your dApp or App, focusing on its innovative utility or service within the ecosystem. Highlight the problem it solves or the need it addresses.", "questionId": 16}, {"type": "paragraph", "answer": "Glo Dollar holders fund the public goods and charities that matter to them.\n\nBy swapping other stablecoins to Glo Dollars, users help to create a virtuous cycle of public goods funding. This sets us apart from incumbent stablecoin companies behind USDC and USDT, that extract gains for shareholders.\n\nWe call this Automatic Public Goods Funding (AutoPGF), because it is:\n\n-   Simple: just hold a stablecoin\n\n-   Zero-cost: holding a stablecoin is free\n\n-   Embeddable: in treasuries, purchases, payroll, ...\n\nAlso beyond AutoPGF, there are compelling reasons to switch to minority stablecoins like Glo Dollar.\n\nCentralized stablecoins are critical crypto infrastructure. The Ethereum ecosystem depends on them as DEX liquidity hubs, on-chain reserve assets, and DeFi collateral. Yet 92% of centralized stables are managed by the two companies behind USDC and USDT. As a consequence, Ethereum has a bus factor of 2 companies. This poses a systemic risk. If they're disrupted, shit hits the fan.\\\nWe need more Stablecoin Diversity. If we all make a habit of advancing minority stablecoins whenever we can, soon enough we'll have improved. Inspired by Client Diversity, we kickstarted an initiative together with other minority stablecoins called [Stablecoin Diversity](https://www.stablecoindiversity.org/).", "hidden": false, "question": "Describe how your application improves user experience in the Web3 space. Include any specific design choices or features that enhance accessibility and practical utility.", "questionId": 17}, {"type": "paragraph", "answer": "In January we started donating, and we've grown our donations steadily MoM: \n\n-   First month: $151 \n\n-   Second month: $325\n\n-   Third month: $366\n\n-   Fourth month: $550\n\nAs our market cap grows, so will our donations.\n\nWe're confident that we can scale to a $20 million market cap in 2024, which would generate up to $1,000,000 in public goods funding per year. Enough to:\n\n1.  Donate $1,000,000 towards Web3 public goods organizations like Gitcoin, or\n\n2.  Lift more than 2000 people out of extreme poverty through GiveDirectly, or\n\n3.  Enable schooling for thousands of children in low-income countries.", "hidden": false, "question": "In what ways does your project contribute to financial inclusion, education, or social impact? Explain the specific areas of impact and the target audience or communities you serve.", "questionId": 18}, {"type": "paragraph", "answer": "MIT License. All code is publicly available.\n\n<https://github.com/Glo-Foundation/glo-wallet>\n\n<https://gitlab.com/global-income-coin/usdglo>", "hidden": false, "question": "What type of open source software (OSS) license(s) do you have? Is all of your code available on public repos or is some portion of your codebase private?", "questionId": 19}, {"type": "paragraph", "answer": "-   v2 Glo Dollar 2.0, funding public goods and charities. [Live on our dApp](https://app.glodollar.org/). Launched in April 2024.\n\n-   v1 Glo Dollar to end extreme poverty. Launched in the summer of 2023 (since upgraded our protocol).\n\nThe next step will be to add more individual public goods and charities to our dApp (v3). We expect to have added up to 10 more causes by Q3 2024.", "hidden": false, "question": "What stage of development is your application currently in, and what are your immediate next steps? Provide a roadmap or development timeline if available.", "questionId": 20}, {"type": "paragraph", "answer": "Our main goal is to grow Glo Dollar's market cap, and we'll be growing market cap through:\n\n1.  **Partnerships**. We're collaborating with developers to integrate Glo Dollar into their ecosystems and expand the range of ways people can use Glo Dollars in their daily lives.\n\n2.  **Business development**. We're working with DAOs and Foundations to diversify their treasury and allocate a portion to Glo Dollars.\n\n3.  **Marketing**. We need to raise awareness for Glo Dollar and our mission to fund public goods.\n\nActions fueling the above:\n\n1.  Glo Dollar credit cards. We're looking to onboard over 50 DAOs and organizations to start using Glo Dollar-collateralized credit cards by the end of August 2024.\n\n2.  Expanding to more public goods and charities (v3). We expected to have added up to 10 more causes by June 2024.", "hidden": false, "question": "How would funding from this round support your project's development and goals? Outline specific areas where the funds would be allocated (e.g., development, user research, community building).", "questionId": 21}, {"type": "paragraph", "answer": "-   Glo Dollar 2.0. We recently upgraded our protocol---see a high-level overview here. \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. \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\nSalaries 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": 22}, {"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": 23}, {"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": 24}], "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. 🌈☀️\n\nStablecoin companies generate up to $7.4 billion annually from their stablecoin reserves. Our approach is different—we 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’re 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’s 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’re 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, …\n\n### We’re building the world’s 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’s no reason to stop here. We’re 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’ll add more causes on a rolling basis.\n\n### We’re 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’ll be pitching to CEXs such as Coinbase and Kraken.\n3. Glo Dollar ubiquity through Glo payroll, Glo credit, Glo on/offramps, …\n\n![Glo Dollar Credit Cards are coming](https://i.imgur.com/p1WuFgl.png)\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- [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"}}