BTC
$84,671.95
-
0.12%
ETH
$1,593.80
-
0.47%
USDT
$0.9995
-
0.01%
XRP
$2.0907
-
1.12%
BNB
$591.86
+
0.68%
SOL
$135.08
+
0.78%
USDC
$0.9997
-
0.01%
DOGE
$0.1564
-
0.33%
TRX
$0.2441
-
1.39%
ADA
$0.6181
-
0.68%
LEO
$9.1437
-
3.37%
LINK
$12.57
+
0.39%
AVAX
$19.15
-
1.30%
XLM
$0.2447
+
2.32%
TON
$2.9981
+
1.25%
SHIB
$0.0₄1210
+
1.60%
HBAR
$0.1661
+
3.63%
SUI
$2.1356
+
1.19%
BCH
$338.43
+
1.55%
LTC
$75.90
+
0.71%
Sign Up
Select Language
English enРусский ruFrançais frItaliano itPortuguês pt-brEspañol esУкраїнська ukFilipino fil
Logo
GTC

Gitcoin

$0.2493
5.46%
Open
-
High
-
Low
-
Vol.
-
coindesk-loading-spinner
1H
24H
7D
1M
1Y
All
Market Cap. #548
$23,911,471
Volume (24h) #800
$1,258,341
Supply (Circ. / Total / Max)
95.91M / 100M / ∞
Launch Date
2021-05-12
Built On
ETH
Token Standard
ERC20
Smart Contract Address
0xDe30da39c46104798bB5aA3fe8B9e0e1F348163F
Decimal Places
18

Gitcoin Price Converter

Gitcoin

Gitcoin Information

Resources

WebsitesWebsiteBlog
Code Repositoriesgithub.com/gitcoinco/grants-stack
Industries
Governance
Membership
Communitiesreddit.com

Gitcoin Supported Platforms

GTCERC20ETH0xDe30da39c46104798bB5aA3fe8B9e0e1F348163F2021-05-12
GTCERC20NEARde30da39c46104798bb5aa3fe8b9e0e1f348163f2021-06-07

About Gitcoin

Gitcoin is a community of builders and creators dedicated to developing the future of the open internet. They focus on creating new infrastructure for Web3 and supporting open-source development through tools, technologies, and networks. They recently launched a governance token called GTC, which is required to create and fund the DAO that will govern Gitcoin.

Gitcoin is a community-driven platform that aims to financially support and promote open-source software development. It employs a unique 'bounties' system to act as a mediator between project owners in need of development assistance and developers looking for opportunities. This arrangement fosters a collaborative environment beneficial for the advancement of open-source projects.

GTC, short for Gitcoin Token, is an ERC-20 governance token built on the Ethereum blockchain. It was launched in late May 2021 and plays a crucial role in shaping and funding the Decentralized Autonomous Organization (DAO) that oversees Gitcoin.

GTC primarily serves as the governance token within the Gitcoin ecosystem. Token holders can propose changes, vote on a range of platform issues, and significantly influence Gitcoin's future.

Beyond its governance role, GTC also functions as an incentive and reward mechanism. Developers can earn GTC tokens for their contributions to open-source projects. Additional utilities of the token include:

Staking: GTC can be staked on Gitcoin Passport as a "proof of humanity," reinforcing the platform's trust mechanisms.

Decentralizing Grants and Managing Disputes: GTC aids in decentralizing the grant-awarding process and is essential in dispute resolution within the platform.

Treasury Governance: The token is also used for governance over Gitcoin’s financial reserves or treasury.

Gitcoin was founded in 2017 by Kevin Owocki and Scott Moore. Owocki serves as the CEO, while Moore is the technical growth lead and director of research. The platform was initiated with the aim of incentivizing the development of open-source software. As of June 2021, Gitcoin has successfully funded over $20 million in open-source projects.