GTC Overview
What Is Gitcoin (GTC)?
Gitcoin develops technologies and opportunities that enables communities to fund, build, and protect what is important in our universe.
Through the Gitcoin Grants Program, there has been over $54 million distributed to early-stage builders that champion public goods initiatives in decentralized finance (DeFi), climate, open sourcing, and beyond.
Core products include Gitcoin Grants Stack, the end-to-end grants management solution, Allo Protocol, an open-source funding protocol, and Gitcoin Passport, and all comprises of decentralized identity management tools.
GTC is Gitcoin’s governance token, launched in May 2021. The token is needed for the creation and funding of the DAO that will govern Gitcoin.
Who Are the Owners of Gitcoin?
Gitcoin was founded by Keving Owocki and Scott moore. Since then, Gitcoin underwent shift from a monolithic platform to a suite of modular protocols and embraces a spectrum of mechanisms like Quadratic Voting, Direct Grants and Retroactive Public Goods Funding.
What’s Amazing About Gitcoin?
Gitcoin inspires a world shaped by community-led positive change and has helped create more than $29 billion in global financial impact..
Gitcoin cultivates and nutures the “Quadratic Lands” — a ecosystem with digital democracy and a strong emphasis on community building.
Whats the Quantity of Gitcoin (GTC) Coins in Circulation?
The total supply of GTC is 100,000,000 tokens. 15% is set aside for a retroactive airdrop, 50% is in the Gitcoin DAO and 35% is for existing stakeholders. The retroactive airdrop is for past users of Gitcoin, the DAO allocation is for governance purposes and the existing stakeholders include anyone who has contributed to building Gitcoin in the past or the future.
How Protected Is the Gitcoin Network?
GTC has no economic value, according to the token’s introductory blog post. Gitcoin is a fork of the COMP/UNI governance system, with a built-in delegation prompt in the retroactive claim process.
Where Can You Buy Gitcoin (GTC)?
You can buy Gitcoin on Binance, Coinbase, Kucoin and other exchanges.
Where Can You Sell Gitcoin (GTC)?
You can buy Gitcoin on Binance, Coinbase, Kucoin and other exchanges where Gitcoin is listed.
