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 |
|---|---|
| Algene | 60 |
| Ali | 178.83 |
| Alireza | 176 |
| Almond | 184 |
| Amin | 82 |
| Anamarija | 6 |
| Ashley | 142.15 |
| Aubree | 21.75 |
| Carlos | 184 |
| Cherik | 189 |
| Daniela | 12.37 |
| Freshelle | 30.58 |
| Giantkin | 20 |
| Griff | 63 |
| Heather | 22 |
| Ian | 116.50 |
| Jake | 137.5 |
| Kay | 80 |
| Kieran | 144 |
| kkechy | 38.28 |
| Krati | 32.05 |
| Kristina | 3 |
| Latifat | 157 |
| Lauren | 173 |
| Lliam | 8.25 |
| Lovel | 27.63 |
| Lulu | 1.50 |
| Marcelo | 22 |
| Maryjaf | 172.17 |
| Mateo | 73.33 |
| Meriem | 206.02 |
| Mitch | 162.17 |
| Mo | 165.22 |
| Moenick | 186 |
| MoeShehab | 126 |
| Mohammad Ranjbar | 208 |
| Nico | 51.47 |
| Nicolas | 160 |
| Nikola | 79.92 |
| Paulo | 3.30 |
| Rafael | 49.83 |
| Ramin | 160 |
| Roberto | 21 |
| Rodri | 56 |
| Shyne | 24.80 |
| Tosin | 54.85 |
| William | 37.75 |
| Youssef | 132 |
Funding Details
| Total Compensation for the month | 122,607.98 |
| Less: Cost of Giveth in GM | 11,498.43 |
| Giveth Compensation Cost | 111,109.55 |
| Add: Clockify subscription paid by GM | 226.45 |
| Total Cost for the month | 111,336.00 |
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 - $92,810.18
- GIV Compensation - $18,734.37 / 3,226,993.13 GIV
- GIV Price at time of distribution - $0.00580552
- GIV Price via Coingecko Aug 7, 2024, 18:26:05 GMT+8
GIV Equity Distribution
Following the recently approved equity distribution plan, we distributed $9,077.76 worth of GIV tokens as equity to the contributors who opted to partially receive their monthly compensation in $GIV tokens.
| Month | July 2024 |
|---|---|
| Equity distribution in USD | $9,077.76 |
| GIV Price at time of distribution | $0.00580552 |
| GIV Price via Coingecko | Aug 7, 2024, 18:26:05 GMT+8 |
| Total GIV sent for Distribution | 1,563,642.88 |
| Transaction Link | here |
Working Group Cost Breakdown
| WG | Cost for the Month in USD |
|---|---|
| DApp WG | 55,634.65* |
| DAO Ops WG | 7,434.18 |
| Quadratic Funding (QF) WG | 22,805.13 |
| GIVeconomy WG | 19,735.62 |
| Fundraising WG | 5,169.10 |
| QACC | 330.87 |
| Total Giveth Compensation Cost | 111,109.55 |
*Note: There is a $0.41 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 the close of July period, it was necessary to reclassify some time entries from Giveth to GM and vice versa. As a result of these adjustments, General Magic received the following:
Overpayment composed of:
- 459.38 USD / 79,127.28 GIV (compensation portion)
- 196.88 USD / 33, 911.69 GIV (equity/bonus)
Underpayment of:
- 24.38 USD (stables portion)
These adjustments will be reflected and rectified in next month’s pay.
Additionally, this batch includes a 605.41 USD payment to GM, for adjustments made in June.
ETH CC Reimbursement
Lauren served as one of Giveth’s representatives at ETH CC held in Brussels last July 2024.
At the conference, she undertook the following initiatives to promote Giveth:
- Engaged in high-level discussions on sustainable business models and regenerative finance in Web3.
- Represented Giveth on 2 panels at the Grants Funding Forum and Regens Hub, where our initiatives like Giveth QF, the GIV-Earth round, q/acc, and Gurves were showcased
- Built excitement around the GIV token as a regenerative alternative to traditional grants.
- Participated in a Web3 grants workshop, sharing insights and networking with leaders from Stellar, Celo, and CCN.
- Supported Griff in preparing for his talk on unicorn.eth, capturing valuable media content, and strengthening relationships with key partners.
- Onboarded Simon from Myosin into the GIVeconomy, collaborating on strategies to enhance the GIV token’s reach.
In relation to these, Lauren incurred flight and transportation costs amounting to 667.21 USD (80% of the total cost). Details are submitted in Clockify as an expense request, together with the receipt.
- Yes
- No
0 voters