Hey everyone, GM. Look us here at Moondowside. Welcome, welcome. We will be starting a couple of minutes just getting in touch with Griff. I believe we lost Griff how to reach him.
And here if someone is behind the Mondao
Yeah, I think something happened and space is opened automatically. I thought Pablo was here, but yeah, now we're all set. I hope so.
Okay, cool. So let me try to reach Grif.
just give me a second and yeah it's a bit upsetting that we messed with the beginning of the Twitter spaces so I'll be damned grief and be away
for his response. In the meantime I'd like to tell a bit more about his experience and why the Liff would be amazing if I really believe we can learn a lot from him.
Basically, he was the first dowel that was created in the world because of the dow, the theory was formed. Now there is a huge ecosystem.
that Grief created for public goods project. The main project is called GIMMAS, basically it's a project where you can raise the nations for your public goods project.
and they give up to 70% back in gift tokens, which is quite nice. And on top of that, they've, like quite a lot of projects has grown from give us like
We have a project in Modao and personally I really like the project that is called token engineering. They have created maybe not a way but they are working on anything that is called a bounded curve.
mathematical weight to sell to create tokens of the idea, instead of having market.
when someone has to sell it, like when a person has to sell to another person, it's possible to create a smart contract that issues
tokens at a given array. So instead of like you don't need the market, you just need the smart contract and you can adjust the parameters of the curve
So for example, when there are not so many issues, tokens, the price of the token could be really small. And when there are a lot of
tokens are sold, the price could be different. So that's quite interesting thing. And moreover, there are a lot of activities in the RIFI world, in the regional finance world related to public
good finding. There are a lot of grants, a lot of projects. I have a feeling that from an infrastructure perspective, every project that builds infrastructure, for every project that builds infrastructure, it makes sense to
to get more projects on board that would provide more for example transactions for project like like blockchain and that's amazing optimism was started on gitcoin
and give us, I do not remember the exact details, but now optimism contributed a lot to open source to public goods, they conducted a number two retroactive
public goods funding and they distributed around two million dollars to public goods project including give us I think that give us a raised 100 K from that and that's amazing
I... well I believe... Grief is not responding to me unfortunately. Oh yeah, we have a Grief here. So look as good if please invite Grief. Cool! Actually, yeah. Sorry Grief for for the issue at the beginning. We had...
some as really sorry for that. And in the meantime, I was talking about give us token engineering and optimism and retroactive public goods. And thank you so much for
today's goal. It would be great. I've been following you for a long time and I know that you made a huge work related to public goods and at Mondau it's really eager to learn how can we basically fund our activities. So it would be great
to hear your perspective. Some of the stages. Yeah, thank you guys so much for having me. I'm sorry I had some technical difficulties and then I had some IRL things to just like jump into really quick. So sorry for for dipping out in
for 10 minutes. But yeah, I really think that Dows are a huge opportunity for transparent funding and the transparent creation of new organizations, especially if they're focused on providing non-excludable value to society.
or even as just like a club, you know, a club that has lots of cool people that care about doing something together. You can have shared accounting and you can have, you can, you know, work on projects together.
So yeah, I think there's a huge potential here and for doing something that has global reach like like going to the moon I Think that's that's a perfect opportunity because then everyone can be You can remove a lot of the financial intermediaries that would be kind of blocked
people from China and people from Iran and people from the US and Brazil from all collaborating together on a project. So yeah, there are of course challenges and a lot of challenges and I'm excited to talk about the challenges today.
Yeah, thank you so much. So at Muntau, we have people all over the world from Hawaii to Philippines and definitely what the challenges are. We already have Muntau at
give us platform and I think it's amazing but like the issue that we faced with is that like how to fund our activities we have a lot of ideas like go get it but it would be great I know that you're participating with a lot of
friends and it would be great if you could share your thoughts on how Mundal could find activities. We need to go ahead, sorry. Yeah, we're on track to have a few projects that start to generate revenue from Mundal as well.
And we see that a lot of projects and give face the same problem of engaging the community to donate there. So it would be really awesome if you shared with us a little bit of your experience raising money for those projects, what really drives the
community to get on board and support and talk a little bit more about yourself. I mean, Rod made a great introduction, but I'm pretty curious. I'm a big fan of Gizis, but I'm really interested to learn more about you and what you've done best.
Sure, well maybe we can start with the intro. So my first project in the space was the DAW back in the day, like 2016, 2015. And it was a pretty historic project. It actually became the largest fundraise at that time that had ever happened. What crypto or not.
We raised $150 million, but then three weeks later a hacker was able to exploit the smart contract for $50 million. This project kicked off the whole smart contract, auditing industry, and at the time, Solidity was only eight months old.
obvious flaws in the patterns that people were using and that got exploited. So yeah, from there, I wanted to continue the mission of Daos and of course I love the Ethereum ecosystem. I think it's just like, so
people doing so many cool things. So I started giving because I believe that DAO's hold the key to unlock building profitable nonprofits effectively. So we wanted to double down on that DAO
on that kind of down framework with the intention of specifically replacing governments. I really think that we can do better than governments and that we can build better systems than of solving the problems government solves.
And that are where people are rewarded fairly and it doesn't require taxes and so this is all I mean or at least the taxes can be opted so I I think that's that's really what I've been working on and so from give it we launched the common stack which launched the TC comment and
the token engineering comments and token engineering is a key to unlocking the power of crypto economic infrastructure and using it to make the world a better place. And coordinating using tokens to coordinate creating solutions
for society at writ large. And so the comments that really focus on that I also found a DAP node which is a like if you care about hardware decentralization you know you don't want Ethereum being run all the Ethereum nodes on Amazon Web Services you know the
of crypto is that people have these nodes in their house. So we Jordi Belina and Eduardo, we all like work together to start DAPNOOD, which has been a very successful project as well. And yeah, and I also founded a few other projects general
magic does services in the impact out space. So design services, dev services, we even do help with fundraising actually. We're just starting that up for grants as a service effectively. And we're also have a couple other projects of pairwise is a voting system that I actually
just launched a podcast with Kevin O'Walky to talk about it today. So you can check that out. It's a Green Pill podcast about a nice voting system for deciding on like making lots of small decisions as opposed to like big form posts. I can put our voting system for Dows. And also
So a praise, which is like a reputation service where I can just dish praise. So I want to just praise to Rod for inviting me here and putting together this Twitter space. Right? And then you put that in Discord and later on it gets quantified by the community and reputation or rewards are set out.
So it's a really simple process. But anyway, so I have this addiction to basically launching nonprofit crypto startups and give it is like the first, but so many other projects have spun out of that. And yeah, so that's my background.
Oh, and before that I'm also a chemical engineering and one of the first people in the world to ever get a degree in digital currencies in 2016 seven masters degree in digital currencies. Yeah, kind of kind of wild kind of wild, but yeah, so so that's my background and in
And I can't remember what the other questions were. Yeah, it's such an impressive bath that's thrilled. And yeah, we're really excited to have you here. It would be really interesting if you talked a little bit about the Ming Challenge.
of fundraising and the challenges that projects usually face on GIVF and what kind of projects can really drive the community to donate their what are the best strategies to get people one board. I see that you are a huge
Now into Zest and DousePwerer. So it would be really awesome if you could share with us a couple of cases of Douse that successfully, you know, fundraise through Giveth and, yeah, how we can improve our strategy. Yeah, we're hoping
I have a few new features that you guys can enjoy to really help it out. Number one, it's technically launched already, but we're doing a UX overhaul on it. And that is referrals. So we have this referral product. The coolest thing about donating on GIVET is that
100% of the donation goes to the project and you get gift tokens in return. But the thing about that is that we've noticed is that actually a lot of people don't care about their rewards that much. It's cool that they get gift tokens, of course, that's interesting.
But they really just want to donate to the projects and so we created this referral system where If you create a referral league and you donate and you get someone to donate you pass that referral league to someone and they donate to a project then you actually get some of their
give tokens. So now there's like, we've effectively with our givebacks program, which is the rewards for donations. We've effectively replaced the toxic-operable donation with token economy. And our token has lots of
which is great. So you couldn't really create, imagine trying to create a referral program on top of tax deductible donations. That's effectively what we're doing, but at least from a high level viewpoint.
But in the end what happens is you can as a project you can even get more than 100% of your donations because you can give out their affore link and then your gift tokens can then actually you can get more than 100% of that donation.
It's effectively a way for your community to give you back some of the donation rewards. So I think that's super cool that it is out right now, but it's really clunky. And there's clear patterns on how to do a full program.
So that feature should be launched. Let's say within a month, I would say, where it's really working well. And it also gives what's cool about it is it gives your whole community a reason to go and do fundraising because they actually get paid if they succeed.
that I think is really successful in Proklo that we hope to bring in is quadratic funding. Quadratic funding has also a viral nature around it where you can tell your community just donate a small amount but if you jump through these other hoops you know you're one dollar
donation can be matched with $200. It's a very compelling story. So it has a really great incentence alignment. So we're really close to watching that as well. That should also be out by the end of the summer. And it's been very successful with the point.
we're working with Gekoy to launch it. We have a very different offer in where it doesn't involve so much smart contracts. We're basically building something like what Gekoy used to have before like a year or two ago on top of Givet. So it'll be multi-chain. You can donate any from the
any chain that you want to the project will accept and the machine will still be calculated. And it's just going to be great user experience, cheap gas and a really fun product. So I think both of those features will help as far as fundraising on give us today, you know,
The fundraising in crypto is kind of funny. People will send money to dumb projects at the top of the bull market without fail. Money is cheap when the bull market is raging.
but we are in the dead winter of bear markets. So it's just really hard out there to get people that want to give up their crypto. It's a lot easier for sure for them to donate stable coins, but even then, the crypto OGs know this is the time to
accumulate. They're not looking to give up their crypto. And the noobs, like the people who first cycle people, they don't have that much crypto. You know, projects are collapsing all around us. It's hard to get investments in general.
like in the world, the whole macro climate is also really bad. So it's a really tough time to get done anything. And that's just it. We do have another program that is kind of interesting with PanValla, this PanValla Stamps program.
which is a cool way for especially low income type communities to support a project where you can basically like, yeah, I can try to find the link to the PemValla tweet thread that would better describe it.
We just did Payne Valar Awards this week, actually. And I think about somewhere around $20,000 was distributed to different projects I'm given based off of how many unique visits the
that people use, basically based on their participation in this program, the top project received like $2,500 worth of pan tokens. So I think it's super cool and it's working and this is like a way where if you engage with your community they can help in the fundraise.
And that's what give it really is, you know, it's a crowdfunding platform. So we really focus on these kind of crowdfunding opportunities. Yeah, that's super cool. I'm really bullish on, you know, decentralized fundraising in a way that we can use
for photo links and text-to-dectable incentives. I think it's just really smart, really smart way to do it. Here at MoonDow we're testing it out with our zero G-flights. We're having a, you know, referral
links for partners and they receive a small commission if they help us fill those tickets. It's been quite interesting to see the people interested in this.
how this moves the community as a whole, you know, towards a common objective. I think it's just really cool. I was determined. I'm really excited about this. Wait, wait, wait, wait, wait, wait, sorry, sorry.
I believe now we have Pablo and look at the same time from Mundao accounts. Maybe Pablo you go with the Mundao account and look at the reconnect from your personal. Sorry for the disruption.
Well, that's so cool. So like two people are both logged into the screen.