Gitcoin (GTC)

$0.73

+11.87%

Gitcoin (GTC) is a decentralized platform fostering collaboration in the open-source community. Empowering developers, Gitcoin utilizes a token economy to incentivize contributions to various projects. Navigate real-time charts on Gitcoin, stay updated on its market status, and immerse yourself in the evolving landscape of digital finance. Explore news coverage for insights into GTC's price dynamics.

Gitcoin (GTC) Price Real Time-Data

The live price of Gitcoin (GTC) is $0.73 with a 24-hour trading volume of $10.35M. Its 24-hour peak value is $0.78, and its 24-hour low is $0.66. The current circulating supply is 85.9M GTC, leading to a fully diluted market capitalization of $63.03M. The Gitcoin (GTC) to USD price is updated in real-time.

What is Gitcoin (GTC)?

Gitcoin (GTC) is a platform fostering community collaboration, enabling funding, building, and protecting projects through technology. It has distributed over $54 million via the Gitcoin Grants Program, supporting public goods in decentralized finance, climate, open sourcing, and more. Key products include Gitcoin Grants Stack, Allo Protocol, and Gitcoin Passport. GTC, Gitcoin's governance token, was launched in May 2021 for DAO governance.

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FAQ

Who are the founders of Gitcoin (GTC)?

Gitcoin was founded by Kevin Owocki and Scott Moore. Under their leadership, Gitcoin evolved from a monolithic platform to a suite of modular protocols, incorporating mechanisms like Quadratic Voting, Direct Grants, and Retroactive Public Goods Funding.

How many Gitcoin (GTC) are there?

The total GTC supply is 100,000,000 tokens. This includes 15% for a retroactive airdrop, 50% allocated to the Gitcoin DAO for governance, and 35% for existing stakeholders, ensuring a fair distribution. The retroactive airdrop benefits past Gitcoin users, the DAO allocation supports governance, and stakeholders include contributors with a vesting schedule.

What are the potential use cases for Gitcoin (GTC)?

Gitcoin (GTC) serves as the governance token for Gitcoin's ecosystem. It enables token holders to participate in decision-making processes related to the development and management of Gitcoin protocols. Additionally, GTC plays a vital role in funding the DAO responsible for governing Gitcoin.

What is the history of Gitcoin (GTC)?

Gitcoin's history involves a shift from a monolithic platform to modular protocols, emphasizing community-driven mechanisms. The Gitcoin Grants Program has distributed substantial funds to projects in various sectors. GTC, introduced in May 2021, serves as a key element for decentralized governance within the Gitcoin ecosystem. Gitcoin has played a significant role in shaping a community-led positive change and fostering a robust ecosystem called the "Quadratic Lands."