What is Gitcoin (GTC)? GTC . Cryptocurrency Details

What is Gitcoin?

Gitcoin is a platform that creates a community that supports a new infrastructure for Web3, including tools, technologies and networks that drive developments in the open source field.

Gitcoin enables open source developers to get paid for their work. In return, projects are exposed to a community of hard-working developers located around the world.

Since its launch in November 2017, Gitcoin Grants has now provided almost $16M in crowdfunding products. Also, through Gitcoin $40M bonuses were paid to developers.

Gitcoin Highlights

Gitcoin Grants

This is a feature for users to donate money to projects, the money will go directly to the project’s wallet. Anyone can participate in the quarterly Gitcoin Grants rounds, either as a giver or a receiver.

Currently, there have been 11 rounds of Gitcoin Grants held, you can donate to potential projects on Gitcoin, maybe we will have the opportunity to receive retroactive from these projects.

Gitcoin Bounties

Gitcoin Bounties provides a marketplace for users (usually developers, designers) to find and work on tasks to receive bonuses provided by projects.

In addition to the opportunity to learn new skills and earn money, the task itself is also very flexible, as participants can choose the bonuses that are right for them.

Projects will save time on non-core tasks and allow the team to focus on important features. In the process, projects can also discover talent by presenting real-life problems for them to solve, an ideal way to recruit.

Example: Above is a list of tasks posted by 2 projects Algorand and Harmony for developers to do with generous rewards.

Gitcoin Hackathons

Organize a contest on a certain topic for the community to participate in to receive prizes.

In addition to the main features on Gitcoin, there are also the following interesting features:

• Quests: Learn about the Web3 ecosystem and compete with your friends for well-deserved rewards.
• Kudos: Badges for people who contribute to Gitcoin, they can be bought and sold on the marketplace.

GTC Tokenomics

Key Metrics

• Ticker: GTC
• Blockchain: Ethereum
• Token Standard: ERC20
• Contract: 0xde30da39c46104798bb5aa3fe8b9e0e1f348163f
• Token type: Governance
• Total Supply: 100,000,000 GTC
• Circulating Supply: 14,198,201.73 GTC
• Source: Coinmarketcap

Token Allocation

• Retroactive Airdrop: 15%
• Gitcoin DAO: 50%
• Existing Stakeholders: 35%

Token Release Schedule

• Retroactive Airdrop: Released 100% for the users who won the airdrop.
• Gitcoin DAO: Updating…
• Existing Stakeholders: Vesting within 2 years.

Token Use Case

• Governance: Propose, vote and decide on important features in the Gitcoin system.

Token Sale

The project does not sell tokens.

GTC token On which exchange is it traded?

GTC is currently traded at most exchanges such as Coinbase, Binance, Kucoin, etc.

How to earn and own GTC Token

Join contribitor, hunt bounty, or donate to projects to receive GTC airdrop.

GTC . coin storage wallet

Can be stored on Coin98 Wallet.

Enter Coin98 Wallet Referral ID as “C98NBDN89Q” to support BTA.

Team

As an open source project, Gitcoin has a large team of developers around the world participating. About the top team include:

Investor & Partner

Gitcoin raised $11.3M from an investment round led by Paradigm, followed by other investors including IDEO, 1kx, Electric Capital, Naval Ravikant, Balaji Srinivasan, The LAO, MetaCartel Ventures…

Gitcoin is a community project and has helped many projects raise capital successfully, so the list of partners is many including:

Roadmap

Updating…

Community & Social

summary

Above is the article sharing What is Gitcoin? All knowledge is for reference only and is not investment advice, any decision to buy, sell or participate in investment, readers must decide for themselves. Thanks!