A portmanteau of the words
VOTE and DONATE, used to describe the process of voting in a Gitcoin Quadratic funding round. In a QF round, you can
VOTE for public goods
projects you believe deserve to be funded by DONATING as little as $
1 to them. (This eliminates most SPAM and vote-botting, and also sets a minimum
bar of conviction.) Your pledge is then matched by larger corporate and organizational donors using an algorithm that rewards breadth of support over individual donations. In other words, a $1 VONATION can result in many times that amount of funding being provided to organizations who need it.