Hey everyone, and welcome back to the General Magic Newsletter!
We’re excited to bring you the latest updates and highlights from the past 30 days. It’s been a busy and inspiring time across the Web3 space and within the Giveth Galaxy. From groundbreaking initiatives like Coordinape and the q/acc round to some big steps forward for projects in our ecosystem, there’s so much to celebrate and share.
Let’s dive in 👇
Public Goods Project of the Month: Coordinape
This month, we’re highlighting Coordinape, a platform that transforms trust and reputation into on-chain tools for collaboration and innovation.
Coordinape combines decentralized reputation systems with community-driven tools to create an ecosystem of recognition and collaboration.
How It Works
GIVE: The Token of Gratitude
GIVE allows users to exchange reputation and recognize contributions in on-chain networks of trust. It's a way to appreciate and value efforts, ideas, and skills while building interoperable trust graphs.The Social Oracle
Coordinape transforms trust into actionable data on-chain. Builders and communities can leverage these decentralized insights to enhance decision-making and strengthen connections.CO Integration
The new CO token boosts user capabilities within the Coordinape ecosystem. Holders can actively participate in shaping the Social Oracle by adding attestations that enhance on-chain reputation.
Key Features
Trust Graphs: Explore networks of web3 users and organizations through Farcaster feeds and custom on-chain tools.
Portable Reputation: Build lasting profiles by bringing GIVE from social networks to on-chain platforms.
Community Curation: Users collectively curate content and connections without relying on centralized algorithms.
Our Magic
In December, the q/acc round marked a major milestone for community-driven token economies, introducing a fair and innovative approach to supporting Web3 projects on Polygon zkEVM.
The round featured eight startups, offering early supporters the chance to back bold ideas while leveraging mechanisms like augmented bonding curves and quadratic funding.
Highlights from December
Launch of the First Cohort: Projects such as x23.ai, AncientBeast, and BuildPrismo debuted their token economies, setting the stage for Web3’s next wave of innovation.
Community-Centered Fairness: Individual caps and a $250,000 matching pool amplified contributions, creating equitable opportunities for participation.
q/acc OGs: Over 1,200 participants joined the first cohort, securing early stakes in tokens designed for long-term impact.
Looking Ahead
Exciting developments are on the horizon for q/acc participants and supporters:
Matching Pool Allocation: The $250,000 matching pool results will be published next week, with funds dedicated to provisioning liquidity for each project’s token.
Token Minting: Tokens will be minted following the matching pool allocation. Participants can find their allocations on q/acc’s site and gain access to exclusive, token-gated project chats.
DEX Listings: Starting mid-January, tokens like $PRSM and $CTZN will launch on QuickswapDEX, with price floors higher than during the q/acc round.
Token Unlocks:
June 20, 2025: q/acc tokens begin a 6-month streaming unlock.
October 29, 2025: Project tokens start a 1-year streaming unlock, ensuring long-term alignment and stability.
High Praise: Nico
This month, we’re shining the spotlight on Nico, our Talent Support Specialist.
As the heart of our people operations, Nico has gone above and beyond to ensure seamless onboarding processes, support our magicians’ development, and maintain a positive environment at General Magic. His proactive approach and dedication have kept our team engaged and thriving.
Thank you, Nico, for your commitment and all the positive vibes you bring. 👏
Deep Dive: Meme coins for charity
Charitable Meme Coins
In 2024, meme coins evolved beyond speculation to become tools for public good. Ethereum co-founder Vitalik Buterin led this shift, donating $532,398 worth of animal-themed meme coins to an animal welfare charity. He advocated for projects to allocate coins directly to charities or create community-driven DAOs for transparency and engagement. In an April 2024 blog post, he encouraged meme coins to prioritize public goods by donating tokens, using airdrops for equitable distribution, and funding retroactive public goods to align crypto's chaotic energy with meaningful impact.
Robin Hood Games and Public Goods
Vitalik introduced "Robin Hood games"—crypto-based games where players vote on which charities receive proceeds. These games blend fun with social impact, empowering communities to influence funding and pushing Web3 toward inclusive, utility-driven models.
Resurgence of Responsible Crypto Projects
The rise of charity-focused and transparent crypto models reflects a maturing Web3 narrative. Projects with clear societal contributions are gaining traction, shifting the focus from speculation to meaningful impact.
Fading Narratives
Some meme coins faced backlash in 2024 for harmful content or lack of utility, signaling a community preference for projects with defined purposes and public good alignment over simplistic token models.
Logs from the Giveth Galaxy
🔄 Pairwise is currently working on it’s integration into DeepFunding.org - a new method of funding open-source software introduced by Vitalik Buterin.
💜 Giveth has launched recurring donations on Base! Now it’s possible to set automated donations to your favorite eligible projects in USDC, DAI, DEGEN and ETH.
🦆✨q/acc will soon be launching the liquidity pools for the 8 projects that participated in its first round. $PRSM, $CTZN, $X23, $GRNDT, $AKA, $BEAST, $MELS and $ACHAD will be available on QuickswapDEX.
🦄 Unicorn.eth is getting ready for ETHDenver as their official infrastructure provider. Hear more about how to unlock your ETHDenver adventure in this X space.
Thanks for joining us on this journey, and we'll see you next time with more exciting updates!
Best,
The General Magic Team ✨
