Question 1

What is Gitcoin Platform?

Accepted Answer

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.

Question 2

What is Gitcoin Token (GTC)?

Accepted Answer

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.

Question 3

What are the Uses and Functions of GTC?

Accepted Answer

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.

Question 4

Who Created Gitcoin and When Was It Founded?

Accepted Answer

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.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	GTC-USDT GTCUSDT	binance	AA	0.2196USDT	-2,51%	11.890.436,60GTC	42.264	0.2252USDT	0.2304USDT
2	GTC-USD GTC-USD	coinbase	AA	0.2220USD	-1,51%	1.464.499,06GTC	1.090	0.2254USD	0.2301USD
3	GTC-USDT GITCOIN_USDT	gateio	A	0.2210USDT	-1,65%	716.048,00GTC	725	0.2248USDT	0.2334USDT
4	GTC-USD GTCUSD	kraken	AA	0.2196USD	-2,62%	592.332,36GTC	573	0.2255USD	0.2302USD
5	GTC-USDT GTC-USDT	kucoin	BB	0.2212USDT	-2,30%	333.636,22GTC	2.209	0.2264USDT	0.2338USDT
6	GTC-USD GTC_USD	cryptodotcom	AA	0.2220USD	-1,30%	53.775,00GTC	138	0.2250USD	0.2300USD
7	GTC-EUR GTCEUR	kraken	AA	0.1980EUR	-2,22%	48.984,28GTC	58	0.2025EUR	0.2047EUR
8	GTC-KRW KRW-GTC	upbit	B	296,00KRW	-2,63%	16.364.557,73GTC	9.142	304,00KRW	320,00KRW
9	GTC-USDT gtc_usdt	lbank	C	0.2200USDT	-2,80%	8.962.967,20GTC	83.440	0.2263USDT	0.2306USDT
10	GTC-KRW GTC_KRW	bithumbkorea	-	295,00KRW	-1,99%	7.258.909,80GTC	2.551	301,00KRW	308,00KRW
11	GTC-USDT GTC_USDT	coinw	-	0.2196USDT	-2,58%	3.456.080,29GTC	5.367	0.2254USDT	0.2297USDT
12	GTC-USDT GTCUSDT	mexc	C	0.2196USDT	-2,32%	848.274,35GTC	10.457	0.2248USDT	0.2297USDT
13	GTC-USDT GTC_USDT	bydfi	-	0.2196USDT	-2,32%	661.684,85GTC	3.610	0.2248USDT	0.2296USDT
14	GTC-EUR GTC-EUR	bitvavo	B	0.1961EUR	-1,90%	463.257,67GTC	807	0.1999EUR	0.2051EUR
15	GTC-USDT GTCUSDT	bitrue	D	0.2195USDT	-2,54%	463.725,00GTC	16.377	0.2252USDT	0.2304USDT
16	GTC-USDT gtc_usdt	digifinex	D	0.2193USDT	-2,65%	371.369,70GTC	10.283	0.2253USDT	0.2304USDT
17	GTC-IDR gtcidr	indodax	E	4.010,00IDR	-2,36%	53.557,71GTC	141	4.107,00IDR	4.196,00IDR
18	GTC-BTC BTC-GTC	upbit	B	0.0₅2990BTC	18,18%	7.910,80GTC	12	0.0₅2530BTC	0.0₅2990BTC
19	GTC-USDT USDT-GTC	upbit	B	0.2298USDT	0,00%	0GTC	0	0.2298USDT	0.2298USDT
20	GTC-KRW gtc_krw	korbit	C	294,00KRW	-2,00%	7.393,32GTC	6	300,00KRW	365,80KRW
21	GTC-USDT GTC_USDT	poloniex	C	0.2310USDT	0,00%	0GTC	0	0.2310USDT	0.2310USDT
22	GTC-USDT GTCUSDT	binanceusa	B	0.2139USDT	-1,42%	5,00GTC	1	0.2170USDT	0.2170USDT
23	GTC-BTC GTCBTC	hitbtc	E	0.0₅1020BTC	0,00%	0GTC	0	0.0₅1020BTC	0.0₅1020BTC
24	GTC-USDT GTCUSDT	hitbtc	E	0.08550USDT	0,00%	0GTC	0	0.08550USDT	0.08550USDT