Glo is building a stablecoin that lifts people out of extreme poverty by providing a basic income. We're a nonprofit startup. Our goal is zero extreme poverty.
Glo is a fully-backed stablecoin that invests its treasuries in short-term Treasury Bills -- just like Circle (USDC). The difference is we'll then give the proceeds from that investment away to GiveDirectly. We call it the anti-poverty version of the dollar.
We raised a $2m seed donation from Sid Sijbrandij (GitLab, YC W15) and are hiring broadly to help realize this vision:
- Head of Community
- Lead Writer
- Communications and Social Media Manager
- Motivated individuals with a vision for how to grow GLO
Glo's first goal is to be the best stablecoin, and we'll then aim for mainstream adoption beyond the crypto world. Ultimately we strive for Glo to be widely used for payments just like the dollar or the euro.
How does this not become a recursive / pyramid problem? I give you one USD, you lend that at interest and give me a non-interest bearing token in return. Iff this token were accepted as good as USD I could then collect tokens from others and invest those in interest bearing accounts and issue my own "stable" token.
If it seems nonsensical at the second iteration it was nonsensical at the first iteration.
Chiming in as an uninvolved participant. It's not "as good as the US Dollar." It's worse in some ways, better in some ways. One man's "95% as good as the dollar for me" is another man's "much better than dollars for me."
The people providing interest bearing accounts would be on the "95% as good as the dollar for me" end.
I worked on the world's first decentralized stablecoin in 2014 (NuBits)[1], the first ethereum cross-platform wallet (Jaxx), have an MSc in software engineering, launched and led several startups. I'm a maker at heart, member of the effective altruism movement, and I think my skills, values, and culture is perfectly aligned with glo's. You can use me in so many ways ;)
Would love to chat, but I read that you received more than 300 applications, so please take a look at mine,I'm sending an email
Glo is building a stablecoin that lifts people out of extreme poverty by providing a basic income. We're a nonprofit startup. Our goal is zero extreme poverty.
Glo is a fully-backed stablecoin that invests its treasuries in short-term Treasury Bills -- just like Circle (USDC). The difference is we'll then give the proceeds from that investment away to GiveDirectly. We call it the anti-poverty version of the dollar.
We raised a $2m seed donation from Sid Sijbrandij (GitLab, YC W15) and are hiring broadly to help realize this vision:
- Head of Community
- Lead Writer
- Communications and Social Media Manager
- Motivated individuals with a vision for how to grow GLO
Glo's first goal is to be the best stablecoin, and we'll then aim for mainstream adoption beyond the crypto world. Ultimately we strive for Glo to be widely used for payments just like the dollar or the euro.
Check out https://glodollar.org for more!
If you're interested please do not hesitate to get in touch via hello@glodollar.org