![GRCHorizontal_Purple&Purple_Solid.png](https://cdn.steemitimages.com/DQmcuRRm1x1BjFH2q3eAqPCffQ21Ciicup4rjboPjZVWdAG/GRCHorizontal_Purple&Purple_Solid.png)

[Update 1](https://steemit.com/gridcoin/@jringo/gridcoin-world-update)

Greetings! 

Here's what has been happening with gridcoin.world since the last update.

<h1>Donation Address Assigned!</h1>

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<center>**Donation Address**
_bTNdoTqkFAmdSHz3MYEkqLgjCCmFFJUAmn_</center>

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Jim and ifoggz have done what was necessary to set up a unique address in the foundation wallet. This address will only be used for donations intended to fund the gridcoin.world website. Thanks guys!

First, a quick reminder on how the donations will work:

[Original Proposal](https://gridcoin.world/Gridcoin.World%20Proposal.pdf)

The proposal asks for 700,000 GRC total.

350,000 GRC will be raised by the community.

**If** 350,000 GRC is raised by the community
**Then** the foundation will fund match the second 350,000 GRC

**If** 350,000 GRC is not raised by the community within 40 days of this post
**Then** donations will be returned to the addresses that sent them
**And** development on the site will stop

Any donations beyond the 350,000 GRC sought will be used to reimburse the foundation for its fund-match.

Now, let's get the show on the road.

<h1>The Donation Address</h1>

**REMINDER:** _All donations sent to the following address will be used to fund the gridcoin.world website as detailed in the proposal found [here](https://gridcoin.world/Gridcoin.World%20Proposal.pdf)_

_The following is an address held by the Gridcoin foundation wallet. Funds cannot be released from it without multiple signatures by key-holders._

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<center>**Donation Address**
_bTNdoTqkFAmdSHz3MYEkqLgjCCmFFJUAmn_</center>

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We have until **Sunday, October 20th** to raise the 350,000 GRC to fund the gridcoin.world site. Raising the funds before then will only inspire more production!

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That's it for now.

See you next time!