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Gitcoin

Gitcoin

GTC
#503
$0.2198Down 2.37 percent($0.01)

Key Stats

Market Cap$19.24MDown 2.37 percent
Volume (24h)$11.09M
Fully Diluted Value$21.99M
Vol/Mkt Cap (24h)57.63%
Total Supply100.00M GTC
Max Supply∞
Circulating Supply87.49M GTC
Launch Date2021-05-12
Built OnETH
Token StandardERC20
Smart Contract Address0xDe30…163F
Decimal Places18

Gitcoin Information

Websites
gitcoin.co
Industries
Governance

Gitcoin Price Converter

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Gitcoin Markets

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InstrumentExchangeBenchmark DataPrice24h Change
GitcoinUSDT logo
GTC-USDT
GTCUSDT
binance logobinance
AA
0.2220USDT
-1.49%
GitcoinUSD logo
GTC-USD
GTC-USD
coinbase logocoinbase
AA
0.2229USD
-1.02%
GitcoinUSDT logo
GTC-USDT
GITCOIN_USDT
gateio logogateio
A
0.2221USDT
-1.11%
GitcoinUSD logo
GTC-USD
GTCUSD
kraken logokraken
AA
0.2212USD
-1.73%
GitcoinUSDT logo
GTC-USDT
GTC-USDT
kucoin logokucoin
BB
0.2231USDT
-1.20%

Gitcoin Supported Platforms

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
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.

Frequently Asked Questions

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.