What is Gitcoin?
The Gitcoin token or GTC is the governance token of the Gitcoin project. The latter is a community-driven platform connecting creators of Web3-based projects.
GTC holders receive voting rights regarding the allocation of Gitcoin funds. It was launched in 2021 which is more than 3 years later than the initial Gitcoin launch.
There is a max cap of 100,000,000 GTC. This makes it possible for the GTC price to grow as the token becomes more scarce.
GTC has been allocated as follows:
- 50% - Gitcoin DAO;
- 35% - Stakeholders;
- 15% - Airdrop.
Gitcoin tokens can be acquired via major exchanges. You can find our list of recommended decentralized and centralized exchanges in the section above.
Before making any purchase decisions, please keep in mind that Gitcoin, just like many other cryptocurrencies before it, is volatile. This means GTC price tends to fluctuate.
Therefore, it’s crucial to do proper research. The graph provided above is a good starting point.
What are the Main Features of Gitcoin?
As discussed in the What is Gitcoin section, Gitcoin is a Web3-centered platform connecting creators and those who want to fund them. Collaboration is the backbone of this platform.
One of the primary goals of Gitcoin is to help fund open-source projects.
The platform has helped raise more than 65,000,000 US Dollars for various blockchain-based projects.
It’s an open-source project which makes its codebase publicly available.
Who Developed Gitcoin?
The Gitcoin crypto project was launched in 2017. It’s a US-based blockchain company co-founded by tech entrepreneurs Kevin Owocki and Scott Moore.
Don’t forget to monitor the GTC price before throwing your savings into Gitcoin or any other crypto project.
