Gnosis Ecosystem Fund Update I – Gnosis

Announcing the first GECO funded projects!

Written by Lauren Dunmore and Mareen Gläske

Illustrations by Lea Filipo

It’s been almost three months since the launch of the Gnosis Ecosystem Fund (GECO). Since the unveiling of our community fund, 9 teams applied with projects focusing on prediction markets, the Gnosis Safe, the DutchX, governance and dapp scalability. We were thrilled by the high quality of submitted proposals and enthusiasm for the Gnosis ecosystem. We want to spotlight the incredible teams we will be funding after our first round of submissions closed at the end of 2018.

Protofire

The DutchX is our open, decentralized trading protocol that allows users to find fair values for their token pairs.To achieve full decentralization, the DutchX will be governed by the dxDAO, a community run DAO that will give users control over the DutchX. To enhance the usability of the DutchX and encourage participation in the dxDAO, we want to support teams that are building meaningful integrations on top of the DutchX.

The Protofire team applied to build a bidder interface for the DutchX. Their aim was to contribute to the DutchX ecosystem by developing and hosting an open source, robust and easy to use web application, prioritizing user experience.We believe this is a crucial integration that will improve user experience and represents an important contribution to the DutchX. Additionally, the team submitted an extremely detailed proposal, and showed a high level of professionalism and commitment to the ecosystem.

The Protofire team received $40,000 to build a bidder interface for the DutchX.

Protofire Video Introduction

PoolX

The PoolX team will create an application that interfaces with the DutchX and allows collected funds to be used on both the buy and sell sides of token pair auctions. The team started their pooling application in 2018 at ETHBerlin taking home a Gnosis bounty and sparking an interest in further developing the project.

We are looking forward to watching the project mature and are excited about its potential to improve the usability of the DutchX.

The PoolX team will receive $10,000 in funding.

Tasit SDK

As the first smart contract based mobile wallet, the Gnosis Safe drastically simplifies interaction and integration with decentralized applications. We are actively working to improve the Safe’s interoperability with other dapps.

The Tasit SDK is a JavaScript SDK for making standalone native mobile Ethereum dapps using React Native. It integrates seamlessly with the Gnosis Safe so that mobile dapps can use funds stored in the Safe wallet. We believe that this integration will be crucial in the widespread adoption of the Gnosis Safe and mobile dapps. We were impressed by the Tasit team’s dedication to simplifying Ethereum mobile dapp creation for developers.

The TasitSDK team will receive $20,000.

TasitSDK Video Introduction

The Flyingcarpet Team

Despite their wide-ranging use cases, prediction markets still lack broad understanding and adoption. Thus, we looked for applications that showcased the power of prediction markets. This is why we chose to fund the Flyingcarpet team, which applied to GECO with the aim of integrating prediction markets into their platform for a decentralized geospatial layer for Earth Observation. Their Platform incentivizes data scientists to build an open library of geospatial analytics-extraction models. Analytics are made continually available to paying organizations via their Analytics API, which will also function as an oracle that can be integrated directly into smart contracts.

The Flyingcarpet team is currently building two prediction market applications using the Gnosis PM v2.0 smart contracts. The first, the Flyingcarpet Predictions Dashboard, will enable anyone in the world to make predictions from Flyingcarpet model insights. The second, the Model Viability Prediction Market, will be a conditional prediction market, enabling Flyingcarpet users to bet on the future profitability/demand for models that haven’t been created yet.The team also works with a diverse variety of organizations outside of the blockchain space (i.e. National Geographic) which we believe will help improve the visibility of and adoption around prediction markets and blockchain.

Flyingcarpet will receive $60.000 to integrate Prediction Markets within their platform.

GECO is our way of contributing to the ecosystem by sponsoring talented teams interested in building on our diverse range of products and protocols. We believe it is essential to encourage, educate, and involve the community as we continue to evolve as a fund. The next wave of submissions will end on March 31st. We want to thank all of the teams who already submitted a proposal. We can’t wait to see what the community comes up with in Round 2!

Find all important information here and submit your proposal today. If you have any questions feel free to reach out via our Gitter Channel.

Published at Tue, 19 Feb 2019 16:14:49 +0000

October 27, 2017

Blockstack Announces Its Own Token Sale

New York–based decentralized internet and developer platform Blockstack has announced its own token sale.

Blockstack recently partnered with a number of venture capital groups to launch the $25 million Blockstack Signature fund. The group also released the “Blockstack Token Whitepaper,” which explains the technical details of the Blockstack Token mining system, the incentive mechanisms and genesis block.

The white paper highlights that the traditional internet is a 40-year-old technology that was originally meant to be a decentralized network. Even though the lower layers of the internet remain fairly decentralized, the application layer of the internet has several centralized points of control and failure. This is what Blockstack intends to solve.

The paper presents Stack, a blockchain token protocol that upgrades the Blockstack blockchain and introduces decentralized governance and incentive mechanisms for a decentralized app ecosystem. Stack enables several new features such as atomic swaps and support for light clients, and it introduces a novel mining mechanism.

Muneeb Ali, co-founder at Blockstack, told bitcoin Magazine: “The Blockstack Token is introducing incentive mechanisms for developers and users to participate in an ecosystem of decentralized apps. Our token white paper describes a novel mining system where in addition to a mining mechanism that secures the blockchain, there is a mechanism for app developers and early users to get new tokens released into the system. We believe that these built-in incentive mechanisms can play a critical role in sustainable growth of the ecosystem.”

Ali added: “In addition, the token enables decentralized governance for protocol upgrades and enables new features like support for truly independent mobile clients, atomic swaps and more.”

The group founders explained in a press release that their primary goal for the Blockstack token sale event is to achieve a wide distribution of tokens. They believe token holders are the “economic stakeholders” of the ecosystem, and that it’s important that the economic distribution represents a broad community.

Highlights of the Blockstack token sale:

Everyone will participate at the same time and get the same price.
There will be no variable prices during the sale, just a single, constant price.
There is no pre-sale or discounts for the upcoming token sale.
Existing shareholders of Blockstack PBC purchased tokens allocated for the “Creators” earlier in a separate offering.
No other party can buy current or future tokens until the sale opens.
Unaccredited users, accredited investors and qualified purchasers can participate in the sale at the same terms.
Unaccredited users will get a “voucher” that they can bring back to finish the transaction and will make the payment at a later date.

For more details, see Blockstack’s announcement on their blog.

The post Blockstack Announces Its Own Token Sale appeared first on Bitcoin Magazine.