Manage episode 332205010 series 2987037
Good morning! In this episode I take a gander at Gitcoin Grants and a couple of projects I donated to using a concept called quadratic funding. It is a way to donate to make sure that everyone's vote/donation matters. There is more weight put on the amount of different people donating to a project than one large donor. This way, large donors are not able to manipulate outcomes just because they have to cash power. There is a pool of funds donated by larger organizations that match individual contributors. when lots of little contributors donate a little bit to a project, that project receives more of the pool funds than if one single large rich and powerful contributor put in one large donation. It is a cool way to make doing a little turn out to be alot.