Ethereum Ecosystem

<p>Gitcoin (GTC) is an Ethereum-based platform. It aims to be a decentralized solution for funding open source projects. It does so by utilizing its unique approach called Quadratic Funding, which is based on matching funding. GTC is an ERC-20 token used for governance within the platform. The platform is governed by the GTC token.&nbsp;</p><p>The platform was founded by Kevin Owocki in late 2017. It was initially launched as a small minimum viable product. Nevertheless, the mission was established through the start and remained consistent through the years: removing recruiters as intermediaries and funding open-source projects. The years after that included a lot of experimentation but the project survived thanks to supporting and successful market positioning. 2021 marked a new beginning for the platform: January saw the project attracting investors, while GitcoinDAO was launched in May. May also marked the appearance of the GTC token that was added retroactively into the system. The company’s next plans involved a path to full decentralization with the end goal of reaching what they call Quadratic Lands: a financially democratic digital community based on Quadratic Funding.&nbsp;</p><h3><strong>What are GTC’s key features and how does it work?</strong></h3><p>Gitcoin offers an ecosystem where developers can earn money through bounties, sponsored hackathons or grant funding. The platform is aimed to support independent developers and open-source solutions. This clever system offers a crowdfunding matching solution called Quadratic Funding. It uses an algorithm that prioritizes the projects based on the number of contributors instead of the size of the contribution. The more contributors participated, the larger the matched amount will be even if it raises the same amount of money as a solution with fewer “investors”. This provides incentives for smaller contributors. The platform developers consider it to be essential for financial democracy and an overall fairer solution. The reason is that the projects that attract wider audiences are more important, as well as it’s a way to prevent manipulation by wealthy few. The system doesn’t fully prevent large actors from exercising their influence, instead, it makes it significantly more difficult.&nbsp;</p><p>The GTC token is used for governance, it has no economic value within the ecosystem, so it cannot be used for transactions or staking. Half of its total supply of 100 million coins has been allocated to those who provided value to the ecosystem (contributors, investors, developer team, and active community members). Another 15% were retroactively airdropped to the users. The token makes community-led governance and on-chain voting (an approach where changes are made directly to a blockchain) possible, using a solution similar to one that COMP and UNI tokens utilize.</p><h3><strong>Where can you buy GTC?</strong></h3><p>Gitcoin (GTC) tokens are available to buy on various platforms. The list includes Binance, KuCoin, Uniswap V3. They can be traded against stablecoins (USDT), cryptocurrencies like BTC and ETH and sometimes against FIAT.</p><h3><strong>How can you store GTC?</strong></h3><p>Since GTC operates within the Ethereum blockchain, it can be stored using any ERC-20 compatible wallet. For example, MetaMask can be a good and useful choice.&nbsp;</p><h3><strong>Mining</strong></h3><p>GTC tokens are not minable. The total supply is limited to 100 million coins. No staking programs are available for GTC coins, since the token is used within the platform for governance purposes only and has no claim on financial rights.</p>

Retroactive Airdrop

Stakeholders

Community Treasury

Gitcoin

Gitcoin is the community of builders, creators, and protocols at the center of open web ecosystems.

zkSync Ecosystem

CryptoRank Premium

Add New {name} Alert

Price Range

New price alert added

Check your email

We've sent you an email with confirmation link. If you don't have it in your inbox - check your spam box.

CryptoRank App

See CryptoRank with...

Choose a convenient way to connect your EVM wallet.

Privacy & Terms Agreement

You are about to leave CryptoRank

External link warning

Market Data API

Track your wallet balances, view asset allocations, get real-time price data, and more

Easily manage your assets with our Mobile App

Join and earn by referring new subscribers!

Explore blockchain platforms: ecosystem projects, TVL, and other key metrics

Name

Complete tasks and earn rewards

CryptoRank Spaceships

Please enter your valid email address to proceed with registration.

Sorry, but your {social} account doesn't have an email address.

IDO/ICO analytics: post-listing ROI and launchpad comparisons.

Track project announcements and campaigns. Spot early opportunities so you don’t miss airdrops and rewards.

Exchanges overview: volumes, listings, market share.

Track rounds, stages, and amounts. See investors and fund portfolios.

Monitor DeFi & NFT, positions and P&L. Popular chains and a mobile app supported.

Lite gives core tools ad-free. Premium adds advanced analytics, full tables, and exclusives.

TGE calendar and vesting flow. Analyze unlock volumes and percentages to gauge supply pressure and plan your moves.

Get in touch with us for info about listings, tokens, exchanges, IDOs, or any other promotional inquires

Interested in a partnership?

Payments are processed by Heleket. Use only the supported chains/tokens. CryptoRank cannot compensate for failed transactions made on an unsupported blockchain.

Advanced Tools and Ad-Free Experience for In-Depth Analysis

Payments are processed by Paddle. Use only the supported payment methods. CryptoRank cannot compensate for failed or incomplete transactions made outside of supported options.

Receive Comprehensive Analytics, Exclusive Research, and Guides

Enjoy advanced analytics, ad-free experience, and exclusive insights on CryptoRank

Payment confirmed

Your subscription is now active!

Add promocode

Select plan

Total Due:

Improves token ranking and increases exposure.

Visibility Boost

Accelerates momentum and helps stay in trending.

Trending Score Growth

Boost Benefits

Boost visibility, raise the Trending Score, and unlock the Premium Ticker for {symbol}!

Purchasing a Boost does not guarantee a specific ranking or position. CryptoRank makes no representations or guarantees regarding the impact of Boost on asset visibility. All purchases are final and non-refundable.

Want to learn more about Boost? <link>Check out the guide!</link>

Give {name} a {boost}

Subject

The account is suspected of violating CryptoRank.io terms of use. You may continue to use the website except for personal features.

Your account has been suspended

By accessing and using our Site, you confirm that you are at least 18 years old or the legal age of majority in your jurisdiction. Please also ensure you have read and agree to our Terms of Use and Privacy Policy & Cookies Statement

Explore the most complete  team of %coinname%, get data about their activities and contact details on CryptoRank.io

Gitcoin Team

Current team