Gitcoin Grants Round 1: Distribution Announcement
We are pleased to announce that the allocations of FTM for every project participating in the first Fantom Gitcoin Grants round have been made! Our team has worked diligently to complete the calculations and the funds have now been successfully distributed.
The Gitcoin Grants program, a joint effort by the Fantom Foundation and Gitcoin, supports projects on the Fantom platform through community funding; the program matches community donations to projects in grant rounds, promoting a rich and diverse ecosystem on the Fantom platform. This round, which concluded on January 2, demonstrates our commitment to this mission and we are proud to see it come to fruition.
Gitcoin Grants Round 1: FTM Allocations
The table below lists every project participating in the first Gitcoin funding round alongside the amount of FTM they were allocated (rounded to the nearest whole number).
Distribution amounts and transaction ID available here.
Distribution amounts and transaction ID available here.
For some projects, a number of donations were identified as Sybil transactions by Gitcoin, which attempted to manipulate the process to receive additional funding. To avoid penalizing these projects, we removed these donations from the count before calculating the matching funding.
The Fantom Foundation distributed the funds to each project on March 1, 2022. Be sure to follow us on Twitter and check your project wallets closely for the sent funds!
Gitcoin Grants Round 1: Recap
The application phase for the Fantom Gitcoin Grants Round 1 took place from November 14 to December 4, 2022, and the voting for this round took place from December 12, 2022, to January 02, 2023, with a total of 88 projects participating.
In total, the community donated around 240,942 FTM to support their favorite projects on Fantom.
As the matching funds for this round were 125,000 FTM, the participating projects received a total of around 365,942 FTM, comprising the community donations and matching funds.
To stay updated on upcoming rounds, follow the Fantom Foundation Twitter. The rounds are planned and held continuously, providing regular opportunities for projects to receive funding.
