Today, I want to talk to you about a crypto social project very close to me that last night decided to launch its Economy, the Giv (from giving) Economy.
Giveth is a project which has created a full set of tools for NGOs and Charities to get crypto funds. Is a community focused on Building the Future of Giving using blockchain technology. The Giveth Donation Applications (DApps) create bridges between for-good projects and Givers wanting to make a difference. The first important and different aspect compared to traditional applications is 100% of funds given by donors go to the projects.
Last night Giveth launched its Giveconomy as a way to compensate and link donors to the project. They have created the GIV token, which lives in Ethereum and Gnosis (formerly xDai) blockchains.
They had an airdrop from many people, included previous rounds of Gitcoin grants as well as members of many other DAOs. You can check if you are eligible in this link
But this is only the beginning, the giveconomy is based in several building blocks, you can earn GIV by donating to any of their projects and growing what they call the GivStream, which will be streaming you GIV tokens for 4 years. You can also get GIV by staking your GIV and using them to get involved in the DAO governance they have created using Gardens framework.
Or you can provide liquidity to get GIV, but part of the rewards will go to your wallet and part to increase your GivStream which will distribute your gained GIV during those four years.
It is as closing the circle, giving donors a reward which they can cash or use to get involved in the organization (DAO), making sure that relationship last long so they do not get only reward hunters.
All I can say is that I am proud of knowing many members of this fantastic community.
Here are some links in the event you want to digg more into Giveth and Giveconomy
https://giveth.io/
https://giv.giveth.io/
https://medium.com/giveth/welcome-to-the-giveconomy-b3e372da63dd