Younergy Crypto
Web3-native platform Younergy Crypto funds and tokenizes solar projects, offering YC tokens and carbon offsets from solar installations, with initial focus on European expansion and open-sourcing code for community involvement.User Review
AI Review
A1
Reviewed on 13 Feb 2024 03:58 PM
Projects must be at least 3 months old. Newer projects should establish themselves and submit to the next round.
The project Younergy Crypto, as described, has been around since 2015 and has been scaling in Europe since 2021, thus it is well beyond the 3 months minimum requirement.
The Grant must be primarily focused on climate solutions (the group may do other work but the grant proposal should be directly related to climate solutions). The proposal should explicitly outline how this project will help reduce GHGs or is an important core infrastructure for web3 climate solutions.
Younergy Crypto's work is clearly focused on climate solutions by funding solar projects and tokenizing carbon offsets, which directly relates to reducing greenhouse gas emissions.
Grantees who received funding in previous rounds should report on project progress since GR15 or the Alpha round. We understand that some projects may have less progress given the timing of Alpha round disbursements. This will ensure accountability to supporters and also help encourage contributors by showing what you’ve been accomplishing.
There is no information provided regarding any past funding from Gitcoin rounds or progress reports since such funding. Therefore, it's uncertain whether this is applicable to Younergy Crypto or how they have reported on their progress.
All returning grantees are expected to update their proposal, in addition to project updates the proposal should include lessons learned from previous work and how they will use the additional funding from the upcoming round. The updated proposal should indicate how additional funding will help the project meet its goals, and include a rough timeline for the project overall.
It is unclear from the provided information if Younergy Crypto is a returning grantee and whether they have updated their proposal to reflect lessons learned and how additional funding would be utilized.
There is a general expectation that projects are within the “realm of viability”. Even if a project may be at a very early stage, it still must seem credible to the average person with an understanding of web3 technology and climate solutions. Grantee founders must genuinely intend to build the project, and the project must not broadly be considered an impossibility.
The project includes tokenization and NFT contracts to represent carbon offsets and solar energy funding, concepts which align with current web3 capabilities and are considered feasible. It appears to be a credible project from the description.
Grantees can be eliminated from consideration in the round if they are found to be encouraging or enabling Sybil attacks or other forms of malicious manipulation of the grants platform or the Gitcoin community.
There is no information provided that would indicate whether Younergy Crypto has engaged in any malicious activities. Without such evidence, it is uncertain if they meet this criteria.