August 2024
Funding Information
Funding description:
This is a funding proposal to pay for contributor monthly compensation. However, due to the tight deadline set for this month’s payment, payments were already processed and this forum post serves as an information on the list of contributors paid for the month.
Funding Rationale:
The funds spent paid for the contributors who keep Giveth running as it is. 
Detailed goals, deliverables and budgeting can be found in working group proposals.
Team Information
| Name | Hours |
|---|---|
| Alireza | 174.00 |
| Almond | 168.00 |
| Amin | 128.75 |
| Ashley | 144.98 |
| Carlos | 176.00 |
| Cherik | 188.25 |
| Giantkin | 20.00 |
| Griff | 65.00 |
| Ian | 121.50 |
| Kay | 100.00 |
| Kieran | 163.50 |
| Lauren | 167.50 |
| Maryjaf | 157.17 |
| Mateo | 58.00 |
| Mitch | 170.50 |
| Mo | 145.78 |
| Moenick | 162.50 |
| Mohammad Ranjbar | 170.00 |
| Nicolas | 160.00 |
| Nikola | 51.00 |
| Ramin | 161.00 |
| William | 42.50 |
| Ali | 31.78 |
| Algene | 70.25 |
| Anamarija | 9 |
| Aubree | 61.00 |
| Ben | 19.50 |
| Freshelle | 32.03 |
| Guil | 11 |
| Heather | 15 |
| Hrithik | 78.5 |
| Jake | 124 |
| kkechy | 58.10 |
| Krati | 11.67 |
| Kristina | 19.62 |
| Latifat | 116.67 |
| Lliam | 27.00 |
| Lovel | 15.57 |
| Lulu | 3.00 |
| Marcelo | 23.58 |
| Meloni | 24.25 |
| Meriem | 203.48 |
| MoeShehab | 60 |
| Nico | 43.47 |
| Paulo | 20.27 |
| Rafael | 61.20 |
| Roberto | 9.50 |
| Rodri | 18.00 |
| Shyne | 28.40 |
| Stee | 15.00 |
| Tosin | 83.92 |
| Youssef | 8 |
Funding Details
| Total Compensation for the month | 121,757.08 |
| Less: Cost of Giveth in GM | 19,322.01 |
| Giveth Compensation Cost | 102,435.07 |
| Add: Clockify subscription paid by GM | 221.97 |
| Total Cost for the month | 102,657.04 |
Amount requested from grants.giv.eth
Ethereum address where payments were processed: 0x01d1909cA27E364904934849eab8399532dd5c8b
Ethereum addresses where funds were transferred: To each contributor’s address. For contributors whose contracts are with General Magic, their payment goes to generalmagic.eth
Note that no mark-up was applied for GM contributors working in Giveth. The amounts charged are all at cost.
Compensation Breakdown
This month, contributors had the option to receive compensation partially in stable tokens and in GIV. Here’s the breakdown of the totals:
- Stable Compensation - $79,712.62
- GIV Compensation - $22,722.44 / 3,859,267.79 GIV
- GIV Price at time of distribution - $0.00588776
- GIV Price via Coingecko Sep 11, 2024, 00:14:37 GMT+8
GIV Equity Distribution
Following the recently approved equity distribution plan, we distributed $11,987.33 worth of GIV tokens as equity to the contributors who opted to partially receive their monthly compensation in $GIV tokens.
| Month | August 2024 |
|---|---|
| Equity distribution in USD | $11,987.33 |
| GIV Price at time of distribution | $0.00588776 |
| GIV Price via Coingecko | Sep 11, 2024, 00:14:37 GMT+8 |
| Total GIV sent for Distribution | 2,035,975.06 |
| Transaction Link | here |
Working Group Cost Breakdown
| WG | Cost for the Month in USD |
|---|---|
| DApp WG | 43,550.82 |
| DAO Ops WG | 5,662.85 |
| Quadratic Funding (QF) WG | 19,506.00 |
| GIVeconomy WG | 24,990.04 |
| Fundraising WG | 6,358.82 |
| QACC | 2,366.54 |
| Total Giveth Compensation Cost | 102,435.07 |
*Note: There is a $1.36 difference in Clockify vs. actual amount paid due to rounding off differences.
Here’s a month-by-month breakdown of expenses for 2024
Summary report links:
- Breakdown of costs per WG can be found here.
- Breakdown of WG hours per contributor and description can be found here.
Adjustments
Following through on last month’s post, here’s the summary of the adjustments that we have made this month, including the net amount paid after these changes -
| Description | USD Value | GIV Token |
|---|---|---|
| Stables Compensation for August | $79,712.62 | - |
| Plus: Underpayment to GM for July | $24.38 | - |
| Total Stables paid in August: | $79,737.00 | - |
| GIV Compensation for August | $22,722.44 | 3,859,267.79 |
| Less: Overpayment to GM for July | - $459.38 | - 79,127.28 |
| Total GIV Compensation paid in August: | $22,263.06 | 3,780,140.51 |
| GIV Equity/Bonus for August | $11,987.33 | 2,035,975.06 |
| Less: Overpayment to GM for July | - $196.88 | - 33,911.69 |
| Total GIV Equity/Bonus paid in August: | $11,790.45 | 2,002,063.37 |
Thank you 