Right now, Glo is backed by 100% cash. This means we don't earn yield yet.

Once we come out of alpha, we'll do what the other major stablecoins do: invest part of that cash in U.S. Treasury bills to earn yield.

Unlike other stablecoins, we'll donate all of that yield to basic income programs. That's the business model by which holding Glo will lift people out of extreme poverty.

While in alpha, Glo is "pre-philanthropy". Holding Glo does not yet lift people out of extreme poverty.

When we say things like:

• Holding Glo generates basic income
• You can reduce extreme poverty by holding Glo
• More Glo adoption = less poverty
• Every time our market cap grows by $17,800, we can lift one more person out of extreme poverty.

These things are not true yet. They're forward-looking statements meant to apply to when Glo comes out of alpha.

We've decided to already use such language because it's kind of hard to explain the Glo model and do effective marketing without it.

Even in alpha, adopting Glo tremendously helps!

All adoption we garner today will instantly translate to basic income for more people once we're out of alpha.

Furthermore, early adoption of Glo is crucial to help us get the ball rolling. Traction helps us get listed on centralised exchanges; attract liquidity; and generally makes other potential adopters comfortable with the idea of holding Glo.

Glo has the potential to lift millions of people out of extreme poverty.

If our vision resonates with you, adopting Glo today is the best way to help us get there.

We hope to come out of alpha soon, but it's hard to tell when exactly.

The reason we can't invest the Glo Reserve in T-bills yet is because we're not yet sure to what extent we are allowed to do so without first getting money transmitter licenses in most US states. We're currently working with our legal counsel to figure out the best way forward.

We plan on getting money transmitter licenses in all US states regardless, but this process will take a while.