THELOGICALINDIAN - 12700 Gitcoin Grants donors about to accept a baby payout
Users who fabricated at atomic a $1 donation in the latest annular of Gitcoin Grants are now acceptable for an absolute airdrop.
Hermez Network Rewards Donors
Hermez Network will accolade 12,700 Gitcoin Grants donors with 10 HEZ tokens on May 4.
The Layer-2 band-aid appear capacity of the airdrop today. It will accelerate 10 HEZ tokens to every Ethereum abode that donated $1 or added application a MetaMask wallet during Gitcoin Grants Round 9.Hermez Network currently alone supports MetaMask.
10 HEZ is account about $65 today, which puts the airdrop’s absolute amount at $825,500.
Jordi Baylina, abstruse advance at Hermez Network, batten of the important role Gitcoin Grants comedy in acknowledging the Ethereum ecosystem. He said:
“Community is at the affection of the decentralized anarchy and those who seek to added the development of the Ethereum ecosystem should be celebrated. No one can actualize the approaching of accounts alone, but Gitcoin Grants acquiesce us the befalling to abutment projects that actualize continued appellation and acceptable advance for all to enjoy.”
Hermez Network is allotment of a accumulation of Layer-2 solutions focused on allowance Ethereum accomplish scalability. It leverages ZK-Rollups and works by bundling affairs calm to abate cartage on the abject chain. In accomplishing so, it provides a way to assassinate affairs at a college acceleration and lower cost. With ETH trading at almanac highs, abundant of the chat in the Ethereum association has focused on the coercion for Layer-2 solutions.
Kyle Weiss, COO at Gitcoin, said that he was “grateful” for Hermez Network and added Layer-2 solutions. In a statement, he added:
“During Gitcoin Grants Round 9 we saw added than 85% of the ~165K contributions appear on a Layer 2 network. Growth and abutment from solutions like Hermez are both basic and all-important for the amplification of Gitcoin Grants, and the Ethereum network.”
Hermez Network runs its own “Proof-of-Donation” apparatus that ensures 40% of anniversary coordinator’s bid gets beatific to Gitcoin Grants. It supports a ambit of assets, including ETH, COMP, DAI, HEZ, SUSHI, UNI, USDC, and USDT. It launched on mainnet aftermost month.
Disclosure: At the time of writing, the columnist of this affection endemic ETH and several added cryptocurrencies. They additionally had acknowledgment to COMP, SUHI, and UNI in a cryptocurrency index.
