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Gitcoin (GTC)
8.71%
$ 0.230236
$ 0.020054
⇣ 0.208861
13 Oct
⇡ 0.233369
What is Gitcoin (GTC)?

Gitcoin (GTC) is a fundraising platform operating on the Ethereum blockchain, founded in 2017 by Kevin Owocki, Scott Moore, and Vivek Singh. In May 2021, Gitcoin DAO and Gitcoin's governance token GTC were launched.
Gitcoin facilitates connections and collaborations between projects, independent developers, and fund providers on open-source software. Through Gitcoin, project owners can post listings while graphic designers and programmers can select projects that suit them and receive payment in cryptocurrency.
Gitcoin also helps sustain significant value-adding open-source projects within the Web3 ecosystem. Fund providers can support projects they find beneficial for the Web3 ecosystem through Gitcoin.
Projects on Gitcoin can organize hackathons. Individual participants can join these hackathons to win prizes and connect with peers.
Moreover, individuals can participate in hackathons organized by projects to win prizes and connect with peers. Data and funds are stored on the Ethereum blockchain, ensuring that Gitcoin is not in a position to monetize users' data.
What is the GTC token?
GTC is the ERC-20 based governance token of the Gitcoin platform.
Gitcoin is governed by a DAO (Decentralized Autonomous Organization). The GTC token is necessary for the creation and financing of the DAO that will govern Gitcoin. GTC token holders have a say in the decisions regarding the platform's future.
Gitcoin (GTC) Economy
The total supply of GTC tokens is 100,000,000. As of December 16, 2021, 14,198,202 GTC are in circulation.
15% of the 100,000,000 GTC was distributed to platform users through a retroactive airdrop, and 35% was distributed to existing stakeholders. The remaining 50% will be distributed by the Gitcoin DAO.
The GTC tokens allocated for the Gitcoin DAO are under the control of a treasury managed by the community, and these GTC tokens will become available in equal monthly installments until around May 2023 when the lockup of 50 million will be released.
How to Buy Gitcoin (GTC)?
In Turkey, buying Gitcoin (GTC) with Turkish Lira is much easier and faster than one might think. You can buy Gitcoin (GTC) without needing any technical knowledge or official documentation.
Gitcoin (GTC)
8.71%
$ 0.230236
$ 0.020054
⇣ 0.208861
13 Oct
⇡ 0.233369
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