Gitcoin is dedicated to developing tools and opportunities that allow communities to finance, create, and safeguard vital projects.
Through its Grants Program, Gitcoin has allocated more than $54 million to early-stage developers who support initiatives in areas like decentralized finance (DeFi), environmental efforts, open-source projects, and more.
Among its main offerings are the Gitcoin Grants Stack, a comprehensive grants management platform, the Allo Protocol, an open-source funding framework, and Gitcoin Passport, a comprehensive tool for decentralized identity management.
GTC serves as the governance token for Gitcoin and made its debut in late May 2021. This token is essential for establishing and financing the DAO responsible for Gitcoin's governance.
Who Are the Founders of Gitcoin?
Gitcoin was established by Kevin Owocki and Scott Moore. Since its inception, Gitcoin has transitioned from a single, unified platform into a collection of modular protocols, utilizing various mechanisms such as Quadratic Voting, Direct Grants, and Retroactive Public Goods Funding.
What Makes Gitcoin Unique?
Gitcoin encourages a future driven by community-led positive change, contributing to a global financial impact exceeding $29 billion.
Gitcoin fosters and maintains what is known as the "Quadratic Lands," an ecosystem focused on digital democracy and strong community development.
How Many Gitcoin (GTC) Coins Are There in Circulation?
There is a total supply of 100,000,000 GTC tokens. Of this, 15% is reserved for a retroactive airdrop, 50% is allocated to the Gitcoin DAO for governance, and 35% is designated for existing stakeholders. The retroactive airdrop targets past Gitcoin users, while the DAO portion is meant for governance activities. The existing stakeholders include those who have contributed to Gitcoin's development, with a vesting period of at least two years for team members.
For further details regarding the distribution of GTC, see here.
How Is the Gitcoin Network Secured?
According to the initial blog post about the token, GTC holds no economic value. Gitcoin is based on the COMP/UNI governance framework, featuring a built-in delegation step in the retroactive claiming process.
Where Can You Buy Gitcoin (GTC)?
Gitcoin is available for purchase on platforms like Binance, Coinbase, Kucoin, and other exchanges. Visit our market pairs tab for additional details.
