2% of every gift is gleaned by the GP and is split evenly (1% each) between the Project Grant Pool (‘PGP’) and Governance Participation Reward Pool (‘GPRP’). The balances in the PGP and the GPRP will grow and accumulate with each gift made through the GP.
At designated intervals, GPRO token holders will vote to determine which 10 projects that are registered on the GP will receive a share of the total PGP balance as an unrestricted grant. Any nonprofit organization or beneficiary (project, campaign, person) that received a gift through the GP during the interval between the prior voting period and the current is eligible to receive votes.
Once an interval triggering a vote is reached, the voting period will be opened and will last 7 days (168 hours).
At the end of the voting period the GP will transfer the balance of the PGP (the balance as of the beginning of the voting period) to the nonprofit organizations or beneficiaries which garnered the top 10 largest vote totals. The PGP funds will be awarded pro-rata according to relative % of votes received and will be available for claim by the winning project wallets at the Rewards page.
- The Governance Participation Reward Pool balance can be viewed here.
- The Project Grant Pool and the Governance Participation Reward Pool be viewed on etherscan at: etherscan.io. (insert correct link)
Tokens and their balances in the PGP
| Token | Project Grant Pool Balance |