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Episode 137 - Making your donation actually count for something with Gitcoin Grants
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Good morning! In this episode I take a gander at Gitcoin Grants and a couple of projects I donated to using a concept called quadratic funding. It is a way to donate to make sure that everyone's vote/donation matters. There is more weight put on the amount of different people donating to a project than one large donor. This way, large donors are not able to manipulate outcomes just because they have to cash power. There is a pool of funds donated by larger organizations that match individual contributors. when lots of little contributors donate a little bit to a project, that project receives more of the pool funds than if one single large rich and powerful contributor put in one large donation. It is a cool way to make doing a little turn out to be alot.
Sources:
https://gitcoin.co/grants/5187/crypto-sapiens-podcast-gitcoin-grants-proposal
https://gitcoin.co/grants/4972/journodao-using-web3-to-upgrade-journalism
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