{"signature": "0xb1464c37b3222c9cec8a30940cc8d55747b10e02da1482b8e3a8892aeb5d756248eb31f5160be35daa0a073dacd32e4a97593a91816a7655ee8ac00e125265e61b", "application": {"round": "0xf3dc658c73fc3e931d6d621f33c30c333e342132", "answers": [{"type": "multiple-choice", "hidden": true, "question": "We distribute funds in $TEC on Optimism Chain (OP Mainnet). Please confirm that you are aware of that.", "questionId": 0, "encryptedAnswer": {"ciphertext": "h8orEIa1PRKP9aDt+cnE39lgpjP0dWC7wQPVHeASeGc=", "encryptedSymmetricKey": "b4f8f76bc5378b2cac4d820528ebf4493622592ea5b2434630a86588888ddc29c880ef1398c0243a143d96b2aef60e0b2a624d3eb31eb30d4d91a26a8ffa3c2592ff0bea5d5e5821d070fbef920052c4a81b2b068452725694fc79b376679d8160d4270a8933fe1cf6ee96528b72003e72a3eec151933ecaef5d1d0c3d8678e80000000000000020e5714e74f1ac6637c2ba2a7e146e1e2bff347cc6542c246330db1a8c1d92c56dc86be6be9e3211f94b37b36179c7a0b4"}}, {"type": "email", "hidden": true, "question": "Email address", "questionId": 1, "encryptedAnswer": {"ciphertext": "dBsLLNRz/mP/wVPBAG/bJ3tXQQD0T5pJQ/yva/1ZtboDguWS8oJff54E5MCymKj+", "encryptedSymmetricKey": "2703c8bb41f0714a3cddcd00e60a93ae97300b53afd3a19817339bbf9ecf79759f24b8f96af12f1e3e7f52b4697029181f22e5f3c1e39be74da86656219856d55f72bb6e97cdb53e99733fab1ff60b16fafde19548ddcf63e522c4e25f43d7b733a0223080f244d6504d92b76323a13f8fb5035354692714f76b94320c1ff3730000000000000020341fb60dace38e0ddddb46009dbb28f068b9b632668678909f95cef6f2b6bc9c0de9919d0ee081a1c26e0251367d9195"}}, {"type": "short-answer", "hidden": true, "question": "Telegram handle", "questionId": 2, "encryptedAnswer": {"ciphertext": "BEE7n+RDA/RH/lQqkQZiBrlnqicm6B7TvsFiU4ROq40=", "encryptedSymmetricKey": "1d374bf22664a2223dfe701083ba33c5508aae8a0920238347e5edf90167e35da073274497f2c9fda3eccf387bab8e0f76227c097eb4358aecac0cae38ec39200f9f391788f76cd559d733b6519a27327f408468b7c3e8cfc44ec9efa86e77a435f1d61e8c6c2c4db069affb28718081b0d9bb3d61db91165accef25d4fb6ec9000000000000002096eecc8c4db146ab73d1fb06cd5f4f8891e42efc76275a3098c72ed81ee31a572195cfde7e66f4bc47095e13c924c6a4"}}, {"type": "address", "hidden": true, "question": "If you participated in past Gitcoin grant rounds using a different project payout wallet address, please share it here.", "questionId": 3, "encryptedAnswer": {"ciphertext": "AOqCnfWfIZ5garvR/c3CAzntnAw0xxRoXhpG6LBsBpo=", "encryptedSymmetricKey": "7226e15e75de12248b549739bc5eddcd5f4841c19d2b1235345d7f64f6d08f84b4775b6356ad9c39657702929d1f2c098c11edb4294791a0042a6a46a64f1dc9e38c616c1ef9cc3d77ea163a58977dae96d62e6908935970929f7d80db1e0aa219a726a5a53a830a3334c6fa1b17747313e1f20d9d6872a864920180a254f7c80000000000000020149c29ee2800e6f36cff5f687d02e2a0674c720eec42c7362a85e284c9a5ac535b83320ea706e15c78d672c5e66655a3"}}, {"type": "multiple-choice", "answer": "Yes", "hidden": false, "question": "Have you read and confirmed that your project abides by the Program General Eligibility Policy? https://tinyurl.com/tegrants-policy", "questionId": 4}, {"type": "paragraph", "answer": "Inverter provides the protocol infrastructure for transforming ideas into token economies", "hidden": false, "question": "Individual or team summary", "questionId": 5}, {"type": "multiple-choice", "answer": "Tooling", "hidden": false, "question": "Project category", "questionId": 6}, {"type": "paragraph", "answer": "We seek to launch a bounty pool for incubating token mechanisms by supporting a community of support token engineers and research organizations in designing new token mechanisms and supporting developers in turning the specifications into smart contract modules, which can then be utilized by projects. This way, we can provide an experimentation ground for iterating on new token toolings while populating an open-source library for anyone to test novel implementations. ", "hidden": false, "question": "What specific problem(s) do you seek to solve with this grant, and how will you know whether you have accomplished your goal(s)?", "questionId": 7}, {"type": "paragraph", "answer": "One of Inverter's core objectives is to create a design space for innovative token mechanisms and make them accessible. We offer an open library of open-source modules that enable users to build mechanism primitives. Our architecture then allows combining these primitives in various ways to serve different purposes and use cases. Two key aspects of our approach are crucial. Firstly, the Inverter\u2019s protocol architecture makes these mechanisms accessible, affordable, and of high quality for all projects seeking to utilize tokens, eliminating the need for expensive resources in smart contract engineering. Secondly, Inverter modules makes every innovation and tool reusable and accessible to others. Thus, the token primitives in our library play a vital role in advancing the field of token engineering, enabling a streamlined process of turning ideas into smart contract mechanisms that integrate seamlessly into existing token economies.\n", "hidden": false, "question": "Describe how your project contributes to token engineering and why it is a valuable public good.", "questionId": 8}, {"type": "multiple-choice", "answer": "Minimum viable product (MVP)", "hidden": false, "question": "What stage do you consider your project is currently in?", "questionId": 9}, {"type": "paragraph", "answer": "We have entered the code-freeze phase of Inverter with +15 modules and now preparing to go live on mainnet in June. ", "hidden": false, "question": "Please share any new updates or milestones from the prior months.", "questionId": 10}, {"type": "paragraph", "hidden": false, "question": "If your project has received prior funding from the Token Engineering Grants Program, please describe the impact that funding has had on the project.", "questionId": 11}, {"type": "short-answer", "answer": "Pre-seed funding", "hidden": false, "question": "Previous project funding sources (VC, grants, token sales, etc.)", "questionId": 12}, {"type": "number", "answer": "10000000", "hidden": false, "question": "Total prior funding for the project in USD", "questionId": 13}, {"type": "short-answer", "hidden": true, "question": "How did you hear about the Token Engineering Grants Program?", "questionId": 14, "encryptedAnswer": {"ciphertext": "NFTmMcbSC1OfxMv7bUWhyoJJU3EnVW6ITqWtnfDPzD0=", "encryptedSymmetricKey": "ab6597ff92787d2fc31ec365f80baf0ce84019fedcbd8d5a994e7e0b0d538c1af55e66a7a5bf723ed9a3e97217f68a0ddbb3452e97b31b4388b3e548c90436580975ead3794fe91a040eb37d8c402fe570f62b30d87a08335a5761481e705c8cb5a818074f5aeab0d59d7d94abbe89475983af5782aa66f5a485e8b1f31f6f1e00000000000000200919c6ae39986edd0a6cbcf9791e56d77d89218fbbf653b1ab6d111df8a6fad6825712b57b45b561f161ebb2bd97e2ab"}}, {"type": "multiple-choice", "hidden": true, "question": "Would you agree to participate in a follow-up survey approximately 8 weeks after the grant round to assess the impact of the funding on your project?", "questionId": 15, "encryptedAnswer": {"ciphertext": "mckr71mI5KYMlP0uIsGNOBDUvGINmEupagK1jsLBe0U=", "encryptedSymmetricKey": "3b9d22f284f8a67c52a3a9ac2fe5714ebfd4cbe3095ce73647a6041c1bcf11881c7c35ae43a70f6227257d97f4df4b02aed6baecac2df1a2c533e65ed93c3a4ce4572a2ae3b9693a082e5944a4f474536d602c25ba138d0b2112d52ce6c1108f1e8ea1a21ae1d17bf9c9c15a22063ed9cb2559ce73094f9edc9d396a4611149c0000000000000020e33124eb090cf656b8c3385005d8dffe8eabdeb8b15255c6a274234868a8cde08d33bdf98bd2eed1f837245375613e8d"}}, {"type": "paragraph", "answer": "Inverter will not spend any of the grant from this round internally but to incubate a bounty pool for token engineers. ", "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 has not been covered?", "questionId": 16}], "project": {"id": "0x0559faaffba6fe5e764e780d36aaf7548acaa90157b3a3d1bb80f2cae5b1d1fa", "title": "Inverter Network", "logoImg": "bafkreihniytqozipqn3pnz6vstw73ms2pktqrgnqwsstq4j6z7vmamhvu4", "metaPtr": {"pointer": "bafkreig3tz6up5g234pekr26kqiarffkc4u462fpbsarkfcwzk2gv6omp4", "protocol": "undefined"}, "website": "https://www.inverter.network/", "bannerImg": "bafkreibjksgkxz2rjnwa5dwrmynsguqxkpad2smtvmnlvamlgzmfpumtne", "createdAt": 1713299611715, "userGithub": "Inverter Network", "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..jh2SOZRqpT9dGNlF1HD07iV_CHhLqP35wJujJ0PdR52COLAYwV-ntm0PvLCzwfwCKklC5UhsKh54CyV0uLrRDQ", "type": "Ed25519Signature2018", "created": "2024-04-16T20:33:12.414Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-16T20:33:12.413Z", "expirationDate": "2024-07-15T20:33:12.413Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x4282A4Fc7Cf468b6128c9aCBfdE7a98F3836A107", "hash": "v0.0.0:nTcfRPAXtjTHsJPvna+e+0ssDjglM+n3WkuG0NIoY04=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#inverternetwork"}}}, "description": "Inverter Network is formed with a vision that tokens, from the way they are created to the larger system they are connected to, can make modular money and programmable institutions possible on the blockchain by enabling issuing and distributing tokens in a programmable and dynamic way. \n\nThe technical research that evolved into Inverter Network\u2019s technical stack began in the early 2021s. The Inverter research group, involving participants from diverse backgrounds across the ecosystem from token engineers to mechanism designers to traditional market brokers,  was first focused on tackling the limitations of monolithic smart contracts by turning protocols into building blocks like LEGO pieces to form customizable protocol stacks, and second, mitigating the loss of value capture from sovereign token economies that provide utility to those protocol stacks.\n \nAfter comprehensive research spanning nearly a year and a half, the Inverter protocol v.1 was designed as a modular infrastructure to facilitate blockchain use cases involving programmable money flows: ensuring the extendability and upgradability of protocol capabilities, as well as dynamic operability of embedded business logic and token economies via customizable admin panels to offer a comprehensive back-office solution. \n\nOne of Inverter's core objectives is to create a design space for innovative token mechanisms. We offer an open library of modules that enable users to build mechanism primitives. Our architecture then allows combining these primitives in various ways to serve different purposes and use cases. Two key aspects of our approach are crucial. Firstly, the Inverter\u2019s protocol architecture makes these mechanisms accessible, affordable, and of high quality for all projects seeking to utilize tokens, eliminating the need for expensive resources in smart contract engineering. Secondly, Inverter modules makes every innovation and tool reusable and accessible to others. Thus, the token primitives in our library play a vital role in advancing the field of token engineering, enabling a streamlined process of turning ideas into smart contract mechanisms that integrate seamlessly into existing token economies.\n\nMoreover, this approach offers a pathway for advanced research and development in token engineering. Collaborations with research leads, such as the BCRG RnD, have led to the development of modules like the Bonding Curve Module. We believe that by building sustainable support structures for researchers and creating a framework for catalyzing ideas into adoptable technologies, we initiate an invaluable learning loop for token engineers.\n\nOur goal is to become a key infrastructure provider for improved token models, offering possibilities that open up entirely new types of use cases for projects that previously lacked access to such tools. Now, these projects can experiment freely and innovate without constraints.\n\nInverter Network understands the value of supporting meaningful public projects with sustainable token systems, shown by early users of the Inverter Protocol.\n\nIn 2024, our roadmap includes: \n1. Launch Inverter on Mainnet, along with the Inverter SDK & Control Room. Upon Mainnet Launch, the on-chain Inverter Module Registry will be available, along with its governance according to the Inverter Security Standard. \n2. Create Token Issuance templates for larger community members to customize and deploy their sovereign token economies \n3. Initiate the first set of public bounties for community module contributions and audit competitions \n4. Have a minimum of 3 token economies launched on Inverter protocol\n", "lastUpdated": 0, "projectGithub": "InverterNetwork", "projectTwitter": "inverternetwork"}, "recipient": "0x0bc89f54635167647aB0aa74d298fD3E6Dc83f4F"}}