References (this is a heading2)
- This is a list for references
- reference 2
- reference 3
This is additional reference text
Glo Dollar reduces extreme poverty
We donate all the revenue we earn from Glo Dollar to GiveDirectly, creating basic incomes for people in extreme poverty.
In the long-run, we expect that every $20,000 of Glo Dollar in circulation will create life-changing basic income for one person. A $20 billion market cap (~15% of current stablecoin market share) will lift one million people out of extreme poverty every year.
At scale, each dollar donated to the Glo Foundation may generate up to 10 dollars for GiveDirectly
Our research shows that at scale, a stablecoin can generate $3-$10 of revenue for every $1 spent on operations.
At that point, a dollar donated to Glo Foundation will create $3-$10 of revenue for GiveDirectly. We’ll be lifting hundreds of thousands of people out of poverty every year.
We just need funding to get us there.
Your donations will be doubled by the Sijbrandij Foundation
That means that right now, each dollar donated to the Glo Foundation may generate up to 20 dollars for GiveDirectly instead of 10.
How to donate to the Glo Foundation
- Endaoment. You can donate to the Glo Foundation in crypto, cash, from donor-advised funds, or directly from your brokerage account using Endaoment.
- Giveth. You can donate to the Glo Foundation on Giveth using crypto. Donations are often eligible for additional matching, too.
- The Giving Block. You can donate to the Glo Foundation with crypto, cash, cards, or donor-advised funds on The Giving Block.
- Global Impact. We also accept tax deductible donations through our fiscal sponsor via wire or crypto. To learn more, please reach out on Twitter, Discord, email, or schedule a call.
Become a Founding Donor of Glo
If you are an individual who donates more than $1000 to the Glo Foundation, do let us know on Twitter or Discord and we’ll send you a hoodie from our gift shop.
If you are an individual who donates more than $10,000 to the Glo Foundation, we’d love to feature you as a Founding Donor on our website.
If an organization donates to the Glo Foundation, they'll automatically join the Glo Consortium.
How funds are used
Donations will help Glo reach its High Impact phase by funding our team’s pursuit of:
- Partnerships. We're collaborating with developers to integrate Glo Dollar into their ecosystems and expand the range of ways people can use Glo Dollars in their daily lives—see examples of such partnerships.
- Business development. We’re working with DAOs and Foundations to diversify their treasury and allocate a portion to Glo Dollars.
- Marketing. We need to raise awareness for Glo Dollar and our mission to end extreme poverty.
When we focus our energy on these initiatives, we'll speed up our market cap growth and will generate more revenue from Glo Dollar to fund programs that lift individuals out of extreme poverty.
Download our donations one-pager
If you want to support Glo Dollar and the essential donations needed to establish it as a successful stablecoin, we encourage you to download this one-pager and share it with others.