{"signature": "0xd1d9767d36f065ef270fb444e27e6e3f79c770f180244bb619bb9683af26e4725a9e1cd5b4f98b9ed909f5ff75dbc1a8a0c5e7f9bbe369e43efd8e51cfa5e6211c", "application": {"round": "0xe03a19f4921d69cddd37f54dfe814dc66aa92100", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "Fd6WDJc5lucNcM4Io9f7NeqCuzSXoBOhG2S6M1pb+XpVIpVZtWR6sdcNO6p+K5++", "encryptedSymmetricKey": "9ad2668ed5bfc2b9cbda3f5185345237f2e372b4d1990691b5d4f0fc735452f2f600847c34aa969b2116b615d68b0f10a0ff3f448b41bfc6971961d6547da2dc851536b2f8fbffa80c465a5c92b016079da58f49cc11389768fdfe98f07a0980d9130dcb11f11e5ce5960faeb702a124a0a649b31aee9b9c44362bb5186151a50000000000000020248b6029bf5a28fdbafdc32ce1012fb42bfdf069a0bc07a3a055ce53ffe037804c7386ba6b3441d275bfaa9d18487481"}}, {"type": "short-answer", "hidden": true, "question": "Telegram Handle We Can Use To Contact You(you can answer N/A)", "questionId": 1, "encryptedAnswer": {"ciphertext": "oll5f/hQS8aZKn9nZWaNNcXkdGzSoKGObI9werxeAaE=", "encryptedSymmetricKey": "282d1cc59f6129514e85bc9b04715576d410def31c0d2ccd281f5d44cf2ca938a8f3d81c3dfa59ad481e22433cc4c918df369dcd3e5e298763d574e19d18de077d90f27e397ba01252069bfae7ad1112823da2e50c35106074e4fb7c86e04eb47d9ebdc1f9f1e130c812c6a6e248601ba058f40a4eba40a7cbfb8d32b4b771ef0000000000000020b1a33e35000821082e6e844b1e03811b380d89a4e8f2c1e2f93a8f1ddfb2571af60fb8107a31eee87febaf7695850da2"}}, {"type": "link", "answer": "https://github.com/shiftctrl-money/tab-protocol", "hidden": false, "question": "Project GitHub Repo (Not Team Page): ", "questionId": 2}, {"type": "number", "answer": "3", "hidden": false, "question": "Total Team Size", "questionId": 3}, {"type": "paragraph", "answer": "tomjeffo - 0x3d75C675aE3d3F8E2054ceF3043D90776776A515 \nabelink-005  - 0xB7D5AAD72330147ff2A2f421a5E55851556AF247 \nbenfrank-100 - 0x1C09eAE850Cb8C8aCf7050b1fBaA4cD2C54B1E0f", "hidden": false, "question": "List the Github Handles and Wallet Addresses of Each Team Member (e.g. owocki - 0x123, kbw  - 0x456):", "questionId": 4}, {"type": "paragraph", "answer": "@rich_saunder", "hidden": true, "question": "Social profiles (Twitter, Farcaster, Lens, etc.) of other main team members publicly associated with the project (N/A for solo founders): ", "questionId": 5}, {"type": "link", "answer": "https://discord.gg/26fb3cTQ", "hidden": false, "question": "Link to your Public Group Chat (e.g. Discord or Telegram)", "questionId": 6}, {"type": "paragraph", "answer": "N/A", "hidden": false, "question": "If you've participated in past grant rounds, please share any new updates or milestones from the prior months (N/A if you haven\u2019t participated previously). ", "questionId": 7}, {"type": "address", "answer": "", "hidden": true, "question": "If you participated in past grant rounds using a different project payout wallet address, please share it here:", "questionId": 8}, {"type": "paragraph", "answer": "As we remain in the active development phase, our anticipated testnet launch is slated for late June 2024. Consequently, we do not possess any current metrics. \n\nUpon the project's official launch, we will track the following key performance indicators to gauge the impact of our project: \n- Number of Vaults Created \n- Daily Tab(s) Transaction Volume \n- Tab(s) Circulating Supply", "hidden": false, "question": "Where should we look to see the impact of your project? Please provide links to public websites and/or the latest values for key metrics you track privately. This might be used in future impact reports", "questionId": 9}, {"type": "paragraph", "answer": "$0", "hidden": false, "question": "Total Prior Funding Amounts, Sources, and Dates for the project in USD", "questionId": 10}, {"type": "checkbox", "answer": ["Grants", "Token Launch"], "hidden": false, "question": "Which of the following funding sources do you have? Check all that apply", "questionId": 11}, {"type": "number", "answer": "14", "hidden": false, "question": "How old (in Months) is the project?  ", "questionId": 12}, {"type": "multiple-choice", "answer": "Asia", "hidden": false, "question": "Location/Region where the project is based ", "questionId": 13}, {"type": "multiple-choice", "answer": "Yes", "hidden": true, "question": "Have you read and confirmed your grant abides by the Program General Eligibility Policy? ", "questionId": 14}, {"type": "short-answer", "answer": "No", "hidden": true, "question": "Are you applying for any other OSS rounds in GG20? (Reminder: you can only be accepted into one) ", "questionId": 15}, {"type": "paragraph", "answer": "The fiat monetary system is broken, a reality many of us acknowledge. In response, Bitcoin along with other cryptocurrencies emerged as pathways to escape this flawed system. \n\nYet, the irony lies in the fact that stablecoins, the most utilized form of cryptocurrency, are predominantly centralized, have reserves in the form of fiat money and government securities. In essence, they are mere crypto replicas of traditional fiat money. This reality becomes apparent through the authority centralized stablecoin operators wield to freeze wallets.\n\nShiftCTRL aims to change that with sovereign stablecoins known as Tabs, designed to embody the foundational principles of cryptocurrencies: decentralization, permissionlessness, censorship resistance, fairness, individual empowerment, and financial sovereignty. ", "hidden": false, "question": "Please describe your dApp or App, focusing on its innovative utility or service within the ecosystem. Highlight the problem it solves or the need it addresses.", "questionId": 16}, {"type": "paragraph", "answer": "With ShiftCTRL, access to over 156 sovereign stablecoins pegged to global currencies becomes a reality. This expansive offering serves as a catalyst for bolstering the adoption of web3 technologies worldwide. By enabling users across diverse geographical regions to transact in sovereign stablecoins denominated in their local currencies, ShiftCTRL facilitates seamless and widely accepted transactions.\n\nBuilt on Arbitrum, ShiftCTRL ensures a seamless user experience characterized by minimal transaction fees and rapid transaction speeds. In today's fast-paced economy, this infrastructure is paramount, ensuring that users can execute transactions swiftly and cost-effectively, thereby unlocking the full potential of decentralized finance. ", "hidden": false, "question": "Describe how your application improves user experience in the Web3 space. Include any specific design choices or features that enhance accessibility and practical utility.", "questionId": 17}, {"type": "paragraph", "answer": "Financial inclusion: Traditional finance often erect barriers that exclude lower-income individuals or those lacking financial literacy. With stringent minimum balance requirements, over 24 million people in the US alone find themselves either unbanked or underbanked. \n\nShiftCTRL is a permissionless platform poised to dismantle these barriers and caters to a global audience with a diverse range of Tab options, ensuring inclusivity without discrimination. \n\nEducation: we are actively developing an online academy built on the maverick sound money principles of the Austrian School of Economics, drawing from great thinkers like Ludwig von Mises, F.A. Hayek, Murray Rothbard, and Robert Murphy. The ShiftCTRL mission includes sharing this valuable knowledge, inspired by the Mises Institute's free dissemination of economic thought. By equipping individuals with these principles, they are better able to discern the rampant economic misinformation prevailing today. \n\nSocial Impact: By promoting financial inclusion and education, particularly in regions with unstable currencies or limited financial services, ShiftCTRL empowers individuals to gain greater control over their finances and protection against inflation. This fosters a more stable economic environment where all who participate are well-informed to make their own, sound decisions, thus contributing to reduced wealth inequality and the further empowerment of individuals worldwide. ", "hidden": false, "question": "In what ways does your project contribute to financial inclusion, education, or social impact? Explain the specific areas of impact and the target audience or communities you serve.", "questionId": 18}, {"type": "paragraph", "answer": "MIT License. \nAll dependencies to operate ShiftCTRL will be published under MIT license.", "hidden": false, "question": "What type of open source software (OSS) license(s) do you have? Is all of your code available on public repos or is some portion of your codebase private?", "questionId": 19}, {"type": "paragraph", "answer": "At present, we are in the midst of internal testing, reviewing, and optimizing our systems. \n \nRoadmap:\n\nPhase 1: Tab Protocol mainnet launch by August 2024, subject to successful completion of security audit. \n \nPhase 2: Integration with the Bitcoin Network to enable native BTC as reserves. Target to launch by end of 2024. \n \nPhase 3: Multichain integration to broaden the utility of Tab currencies.  \n\nPhase 4: Development of a ShiftCTRL native Bitcoin Layer 2 solution. ", "hidden": false, "question": "What stage of development is your application currently in, and what are your immediate next steps? Provide a roadmap or development timeline if available.", "questionId": 20}, {"type": "paragraph", "answer": "Contributions to this grant will play a pivotal role in advancing the development of ShiftCTRL. Donations will enable us to expand our development team,  accelerating the realization of our vision. \n\nAdditionally, these funds will be allocated towards covering protocol expenses. Given that the majority, if not all, of our protocol modules operate on-chain, they incur substantial network fees over time.", "hidden": false, "question": "How would funding from this round support your project's development and goals? Outline specific areas where the funds would be allocated (e.g., development, user research, community building).", "questionId": 21}, {"type": "paragraph", "answer": "N/A", "hidden": false, "question": "Anything else you'd like to share about your project, previous work, or other project affiliations? Anything you'd like to add that may help in determining project eligibility?", "questionId": 22}, {"type": "multiple-choice", "answer": "Yes", "hidden": true, "question": "Would you like to opt-in to future messages from Gitcoin for updates, information, and/or interviews? ", "questionId": 23}, {"type": "multiple-choice", "answer": "Yes", "hidden": true, "question": "Would you like to opt-in to us sharing your information with select third-parties for investment opportunities? ", "questionId": 24}], "project": {"id": "0xc313a8cea83983edd81609810cba8f3828b2903438afceebba54438c5c3e15f4", "title": "ShiftCTRL", "logoImg": "bafkreicmmc3pdu7u7p4bo6suotru2f3q6r7ue56bs63iqwz5leymjq3h7u", "metaPtr": {"pointer": "bafkreierijxkziipf74ugqaq5wd3dtztfzpyvi3i6jkeyo2dbzpihgjj24", "protocol": "undefined"}, "website": "https://shiftctrl.money", "bannerImg": "bafkreibcr77uazxcr7p6xv4hage5ytbszcn4ov2jqy6yad4fizl52ukrye", "createdAt": 1713258142777, "userGithub": "tomjeffo", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..DkQh0Nm0tulKJ6T_FIjofk4Bu8IpMHQPFHNJEHbgDkF-gX76xxswpjkIpg63CUFnXSDGkDTueEIuNdncQZdfAg", "type": "Ed25519Signature2018", "created": "2024-04-16T08:59:53.740Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-16T08:59:53.740Z", "expirationDate": "2024-07-15T08:59:53.740Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x3d75C675aE3d3F8E2054ceF3043D90776776A515", "hash": "v0.0.0:F+cOSV2w3XSZZ40U9gyfUpinlDW9w/Y/Cc5ZDNHtC0U=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#shiftctrl-money#167184682"}}, "twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..A6BSmSwEYOou57bPhknyvqSsCHz9UtIj2HC2IHyaFUO4A0bio9yRfWOf5Fg5-UVbv0WBn4EQQcaarlxZPg7PCQ", "type": "Ed25519Signature2018", "created": "2024-04-16T08:37:31.752Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-16T08:37:31.752Z", "expirationDate": "2024-07-15T08:37:31.752Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x3d75C675aE3d3F8E2054ceF3043D90776776A515", "hash": "v0.0.0:jh14huL0K7wBQKxL90gE83eMw8ivtGvcOIRX/VK2S28=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#shiftCTRL_money"}}}, "description": "ShiftCTRL: A Decentralized Stablecoin Protocol anchored to Bitcoin and guided by Austrian economic sound money principles.\n\nThe Problem:\nFiat money is Broken. the currency we work hard to earn, is fundamentally flawed. Central banks possess the ability to create money seemingly out of thin air, undermining the value of our hard-earned currency. This constant creation of new money leads to a decrease in purchasing power, resulting in widespread price inflation. Essential aspects of dignified living such as housing, sustenance, and education become increasingly unaffordable for the majority. Consequently, despite our efforts, life becomes more challenging, leaving many trapped in a cycle of existential fear and despair.\n\n\nOur Vision:\nWe envision a future that is fair and just, where individuals have full control over their money & finances. A future that is empowered by a decentralized and permissionless monetary system that honor individual rights, champion the free market, and uphold the principles of sound money. No censorship, no prying eyes, no third-party, no ID required.\n\n\nSolution:\u00a0\nTabs: Sovereign Stablecoins Backed by Bitcoin\nShiftCTRL enables the community to mint Tabs, a diverse range of over 150 sovereign stablecoins pegged to global currencies. Unlike conventional stablecoins, which are centralized and backed by fiat or government securities, making them crypto replicas of the fiat money we aim to change, Tabs are secured by Bitcoin \u2013 the new gold of the digital era.\n\nThe protocol's design is guided by the principles of Austrian economics, drawing from the profound insights and knowledge of maverick economists. It learns from past monetary system failures and incorporates the successes of proven monetary frameworks like the Classical Gold Standard.\n\n\nFeatures:\n- Fully Decentralized\nTabs are minted by the community through Bitcoin reserves, without any dependence on centralized custodians. The community maintains absolute control over their reserves or Tabs, ensuring the preservation of their financial sovereignty.\n\n- Community Governed\nAt ShiftCTRL, we believe in the power of community-driven governance. Through decentralized decision-making, the community serves as the steward of the protocol, guiding its evolution with transparency, inclusivity, and shared ownership.\n\n- Built on Arbitrum\nExperience the fast transaction speeds and minimal fees enabled by Arbitrum. Tabs are designed for real-world, everyday applications, ensuring seamless usability without sacrificing efficiency.\n\n- Global Stablecoins\nThe scourge of monetary manipulation knows no borders. ShiftCTRL offers a solution for global citizens to unite against this rigged system. With over 150 Tabs pegged to global currencies, we empower individuals worldwide to break free from centralized monetary control.\n\n\nShiftCTRL: Fiat Money is Theirs. Sound Money, Ours.\n\n\nWe recognize that the objective of this project is a monumental undertaking on unprecedented levels. But then again, that is to be expected to weed out the long existing systemic flaws in our global financial system.\n\nNonetheless, we truly hope to bring like-minded individuals under the same banner to remedy a crippled financial system using Bitcoin as a solid anchor.\nMore importantly, we ask you to think about what ShiftCTRL truly stands for; a communal endeavor to create a new monetary system that not only guarantees fairness and financial sovereignty, but also reinstates the human person \u2013 you - as the financial pulse of the world.\n\n\nP.S. Please follow us on X for the latest news and developments or visit our website for more information and access to our whitepaper.\n ", "lastUpdated": 0, "projectGithub": "shiftctrl-money", "projectTwitter": "shiftCTRL_money"}, "recipient": "0x587A752f801EbABa61B7de4fa475334f5d713122"}}