Initiated in late 2018, the Gnosis Ecosystem Fund (GECO) is our grant application program empowering teams to drive the global adoption of decentralized applications. We provide selected applicants with funding, mentoring, and outreach support to help them activate and communicate their project. This May, we announced the second successful round of GECO grant winners. For our next round of grants, we’ve decided we want to try something new and involve a broader community in the process.

Community Vote and Community Prize

Most of the GECO application process will remain the same. Applicants must still submit proposals to the GECO Github repository, and we will still hold a live pitch event for teams to present their proposals. A new community vote will allow OWL holders to signal their favorite projects from the pitch event. While we will publish the voting platform and other details closer to the submission date for applicants (June 30), the project receiving the most votes will be awarded a community prize.

What is $OWL?

Since the beginning, we’ve had a token mechanics model incorporating a second token to benefit GNO holders using our platforms. This second token is called OWL.

OWL is an ERC20 token that can only be created by locking GNO. Locking tokens means you cannot transfer them for a specified period of time. After that period of time, they are unlocked and available for transactions. In other words, locking tokens is primarily an opportunity cost — OWL tokens can be thought of as coupons that are generated by locking GNO.

Get your $OWL today.

An OWL Generation Event is live until May 22nd. Get your $OWL today at owl.gnosis.io!

Learn more about how to participate in the OWL Generation Event.

Learn more about OWL use cases.