Proposal: Gitcoin x Currency Coin Partnership

🤝 Partnerships
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Hello again Gitcoin! :wave: This post goes over the follow up of the proposed Gitcoin x Currency Coin partnership from the previous post found at this link: Initial Partnership Request Post

What is Currency Coin? - On September 8th, 2015 the contract for the coin was deployed to Ethereum making it one of the earliest coin contracts on Ethereum. This coin is unique against others due to its relation to both the ERC20 functionalities, and a file Vitalik authored and published to GitHub for standardized currency contracts, which later inspired the official ERC20 proposal and standard.
For quick reference, provided is the official Currency Coin website, X account, and original etherscan link:
Website: Currency Coin Website
X account: Currency Coin X Account
Contract on Etherscan: Etherscan Contract Link

The team at Currency Coin has connected with owocki and Sov, and we have come to a final term agreement for the partnership. The terms are as follows:

Total Allocation: 1% of Currency Coin’s total supply

Distribution Framework:

  • 50% (0.5% of total supply) → Permanent Treasury Reserve
    • Held in perpetuity at gitcoin.eth
    • Preserved as a historical artifact, never to be sold
    • Recognition of Currency Coin’s significance in Ethereum history
  • 50% (0.5% of total supply) → Gitcoin Grants Program
    • Allocated to fund open-source development
    • Quarterly conversion limit: Maximum 10% of allocation can be sold
    • Priority areas: Developer tooling, OSS infrastructure, Ethereum ecosystem

Key Terms
Timing: Tokens to be transferred pre-launch (before Sept 8, 2025)
Governance: Gitcoin maintains discretion on grant distribution within focus areas
Recognition: Currency Coin acknowledged as an official Gitcoin partner via X
Marketing: Collaborative announcements and one Twitter space

The main focus of this proposal will be to foster growth in the Ethereum ecosystem and assist in developer growth. The code for Currency Coin has had such an overwhelming positive effect on Ethereum in the past and the goal is to continue to have a positive impact by funding innovation for years to come. We are thankful towards Gitcoin for giving us a platform to be able to do this.

We would like to encourage the Gitcoin stewards community to respond to and discuss this partnership proposal so that it can move forward to a vote! :speech_balloon:

Thank you :grin:

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I’m in favor of this proposal. I have met with this team and vetted their objectives and I believe they have a good spirit of intent and are seeing support from other values aligned entities.

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Thanks to this team for putting this proposal together and your interest in contributing to gitcoin.eth! I am mostly in favor, but I just need a few clarifications on the asks for marketing support as it’s very vague:

I would need to know what you mean by this exactly? It’s very vague and before we can agree to a co-marketing campaign would love to know what specifics you’re looking for. Happy to amplify your marketing efforts and as well as join one of your Twitter Spaces.

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If they are really true at what they say then gitcoin could give them a trial

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I’m in favor of this. I love the fact that the core focus is always still on improving funding mechanisms for Ethereum OSS builders. This social media is still relatively inactive curious to learn what the team has been upto since the original deployment? However, all in all looking forward to the advancements on this!

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This a a great proposal that we all can benefit and make web3 a better place