glocoin
Joined 4 years ago
Karma
34
Submissions
37
Member since
Jan 4
glodollar.org
View on Hacker NewsRecent submissions
Comment · 3 years ago
Hi! We're starting with Ethereum and Polgyon, but we're definitely looking to expand to other chains. Happy to talk more (email address in the GP)
Comment · 3 years ago
Glo | Remote | Full Time | Non Profit | $100k+
Glo is building a stablecoin that lifts people out of extreme poverty by providing a basic income. We're a nonprofit startup. Our goal is zero extreme poverty.
Glo is a fully-backed stablecoin that invests its treasuries in short-term Treasury Bills -- just like Circle (USDC). The difference is we'll then give the proceeds from that investment away to GiveDirectly. We call it the anti-poverty version of the dollar.
We raised a $2m seed donation from Sid Sijbrandij (GitLab, YC W15) and are hiring broadly to help realize this vision:
- Head of Community
- Lead Writer
- Communications and Social Media Manager
- Motivated individuals with a vision for how to grow GLO
Glo's first goal is to be the best stablecoin, and we'll then aim for mainstream adoption beyond the crypto world. Ultimately we strive for Glo to be widely used for payments just like the dollar or the euro.
Check out https://glodollar.org for more!
If you're interested please do not hesitate to get in touch via [email protected]
Comment · 3 years ago
You're likely doing nothing wrong it's just a saturated market of jobseekers. Supply and demand ebb and flow for most roles regularly. I simply think engineers have had a period of very high demand and lower supply for decades. Now that companies are finding ways to hire anywhere and everywhere (with or without a legal entity) supply has greatly increased and impacted demand. Just 2 cents from a recruiter hiring engineers for over 24 years. Also, remote jobs have the lowest talent demand (highest supply) because everyone wants them.
Comment · 3 years ago
Glo | Remote | Full Time | Non Profit | $100k+
Glo is building a stablecoin that lifts people out of extreme poverty by providing a basic income. We're a nonprofit startup. Our goal is zero extreme poverty.
Glo is a fully-backed stablecoin that invests its treasuries in short-term Treasury Bills -- just like Circle (USDC). The difference is we'll then give the proceeds from that investment away to GiveDirectly. We call it the anti-poverty version of the dollar.
We raised a $2m seed donation from Sid Sijbrandij (GitLab, YC W15) and are hiring broadly to help realize this vision:
- Executive Assistant
- Head of Community
- Lead Writer
- Copywriter
- Communications and Social Media Manager
- Brand partnerships manager
- Operations manager
- Motivated individuals with a vision for how to grow GLO
Glo's first goal is to be the best stablecoin, and we'll then aim for mainstream adoption beyond the crypto world. Ultimately we strive for Glo to be widely used for payments just like the dollar or the euro.
Check out https://glodollar.org for more!
If you're interested please do not hesitate to get in touch via [email protected]
Comment · 3 years ago
Glo | Remote | Full Time | Non Profit | $100k+
Glo is building a stablecoin that lifts people out of extreme poverty by providing a basic income. We're a nonprofit startup. Our goal is zero extreme poverty.
Glo is a fully-backed stablecoin that invests its treasuries in short-term Treasury Bills -- just like Circle (USDC). The difference is we'll then give the proceeds from that investment away to GiveDirectly. We call it the anti-poverty version of the dollar.
We raised a $2m seed donation from Sid Sijbrandij (GitLab, YC W15) and are hiring broadly to help realize this vision:
- Head of Community
- Lead Writer
- Copywriter
- Communications and Social Media Manager
- Brand partnerships manager
- Operations manager
- Motivated individuals with a vision for how to grow GLO
Glo's first goal is to be the best stablecoin, and we'll then aim for mainstream adoption beyond the crypto world. Ultimately we strive for Glo to be widely used for payments just like the dollar or the euro.
Check out https://globalincomecoin.com for more!
If you're interested please do not hesitate to get in touch via [email protected]
Comment · 4 years ago
For starters, there already is a use case for stablecoins like Glo. The current stablecoin market is $150 billion. At historically average treasury yields, $150 billion of Glo would generate enough money to lift approximately 9 million people out of extreme poverty. [1]
Secondly, many people have some long-term cash savings they're doing nothing with, just in case. Holding this in Glo can be an act of altruism. Sure, you can buy t-bills yourself, but by this logic no charity fundraiser would ever make sense (people can donate to causes without the fundraisers, no?). Humans don't spontaneously do all possible things. Marketing and coordination have an effect.
Thirdly, we'll work to make Glo supported as a means of exchange (e.g. by partnering with payment service providers, payroll providers, card issuers etc). Once you can receive your salary and pay your bills and subscriptions in Glo, this is all money you wouldn't have received savings yield on but is now lifting people out of extreme poverty. Same for companies. They can switch to Glo as their main currency and have more social impact at no financial cost,
[1]: https://twitter.com/glo_coin/status/1573300192832499712
Comment · 4 years ago
Global Income Coin | Remote | Full Time | Non Profit | $100k+
Global Income Coin is building a stablecoin that lifts people out of extreme poverty by providing a basic income. We're a nonprofit startup. Our mission is zero extreme poverty.
The stablecoin is called Glo. Glo is the ethical cryptocurrency. We will compete with the current stablecoin incumbents (Tether, USDC), but will also aim for mainstream adoption beyond the crypto world. Ultimately we strive for Glo to be widely used for payments just like the dollar or the euro.
Glo will be a fully-backed stablecoin. We will invest our treasuries in short-term treasury bills, then give the proceeds from that investment away to GiveDirectly. This will be the starting point for our vision of a crypto-based UBI.
We raised a $2m seed donation from Sid Sijbrandij (GitLab, YC W15) and are hiring broadly to help realize this vision:
- Head of Community
- Lead Writer
- Copywriter
- Communications and Social Media Manager
- Brand partnerships manager
- Operations manager
- Motivated individuals with a vision for how to grow GLO
Check out https://globalincomecoin.com for more!
If you're interested please do not hesitate to get in touch via [email protected]
Comment · 4 years ago
Global Income Coin | Remote | Full Time | Non Profit | $100k+
Global Income Coin is building a stablecoin that lifts people out of poverty by providing a basic income. We're a nonprofit startup. Our mission is to eradicate extreme poverty.
The stablecoin is called GLO. GLO is the ethical cryptocurrency. We will compete with the current stablecoin incumbents (Tether, USDC), but will also aim for mainstream adoption beyond the crypto world. Ultimately we strive for GLO to be widely used for payments just like the dollar or the euro.
GLO will be a fully-backed stablecoin. We will invest our treasuries in short-term treasury bills, then give the proceeds from that investment away to GiveDirectly. This will be the starting point for our vision of a crypto-based UBI.
We raised a $2m seed donation from Sid Sijbrandij (GitLab, YC W15) and are hiring broadly to help realize this vision:
- Head of Community
- Lead Writer
- Copywriter
- Communications and Social Media Manager
- Brand partnerships manager
- Motivated individuals with a vision for how to grow GLO
Check out https://globalincomecoin.com for more!
If you're interested please do not hesitate to get in touch via [email protected]
Comment · 4 years ago
That they get a basic income of $30/month, which if you live on less than $1.90/day helps.
Comment · 4 years ago
We're not endorsed by GiveDirectly, but in our informal chats they expressed excitement about our plans. I can't speak for them but I can imagine they want to focus on their core model. Building and issuing a stablecoin is quite a separate enterprise.
As for whether Glo is an effective use of money, if we'd capture 5% of the stablecoin market we'd generate the total amount of money GiveDirectly distributed in 2021 [1]
1. https://www.globalincomecoin.com/articles/vision-and-growth-...
Comment · 4 years ago
Yes, we will allow those. In general we'll aim to be as transparent as possible, which we believe can give us a competitive advantage over other stablecoins [1]. I personally think that being a non-profit helps with being credible in that respect.
Comment · 4 years ago
We actually donate all the money we generate to one such a charity (GiveDirectly). If you want to donate money to GiveDirectly, that's amazing and we encourage it—donating $35/month lifts one person out of extreme poverty [1]
Glo is an additional way to contribute to GiveDirectly. Instead of (or in addition to) donating convert your USD to Glo and it will passively generate money for GiveDirectly.
Our goal is to scale up the available money for GiveDirectly to give away. We're an actual non-profit, not a scam, and no one is taking a cut. Our operations are paid from philanthropic donations; donors receive nothing; employees receive a salary.