EOS Enters New Era With Season #2 Of Pomelo Grants For The Public Good

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The EOS Network Foundation has announced Pomelo has opened the door for granting proposals with a matching pool of USD 888,888.888, meaning anyone can submit a request for funding to start developing projects that benefit the community. 

The Pomelo Grants initiative is inspired by Gitcoin and is entirely community-focused. It's based on the principle of “quadratic funding”, which is an algorithm that selects projects funded by multiple contributors. 

With it, a matching pool is raised, after which a crowdfunding campaign is matched according to the algorithm. It means the number of contributors matters more than the amount funded, pushing power to the community, away from whales and other power brokers, resulting in a more democratic grant allocation. 

In our continued commitment for supporting public goods on #EOS, I am excited to announce the #ENF's @PomeloGrants Season 2 matching pool funding!