Gitcoin

Gitcoin (GTC) is a platform on Ethereum that supports open-source software development through community-driven funding. Launched in 2017, it uses quadratic funding to allocate matching funds to projects based on community contributions, aiming to create a sustainable ecosystem for public goods.

Gitcoin runs on Ethereum and uses smart contracts to manage grants and donations. It employs quadratic funding, where the amount of matching funds a project receives is proportional to the square of the number of contributors, encouraging broad participation. The platform also hosts hackathons and bounties, allowing developers to earn income while contributing to open-source projects.

GTC is the governance token of Gitcoin. Holders can propose and vote on platform decisions, such as grant allocation strategies and protocol upgrades. It also incentivizes participation in the Gitcoin DAO, which oversees the platform's evolution. The token is used to signal support for projects and to align incentives among stakeholders.

Unlike traditional crowdfunding, Gitcoin focuses on public goods and open-source projects. Its quadratic funding mechanism prioritizes many small contributions over a few large ones, reducing the influence of wealthy donors. It is also integrated with Ethereum, enabling transparent and automated distribution of funds. This approach helps ensure that projects with broad community support receive adequate funding.

Gitcoin (GTC) is a cryptocurrency and operates on the Ethereum platform. Gitcoin has a current supply of 100,000,000 with 87,491,501. 9042429 in circulation.

Gitcoin is currently priced at $0.2263, down 14.88% in the last 24 hours. It is ranked #674 by market capitalization. Over the past 7 days, GTC is down 23.73%.

Gitcoin has a market capitalization of $19.80M. The 24-hour trading volume is $40.77M, reflecting the total value of GTC traded across all exchanges in the last day.