Gitcoin Price & Market Data
Gitcoin price today is $9.56 with a 24-hour trading volume of $25,676,385. GTC price is down -4.6% in the last 24 hours. It has a circulating supply of 14 Million GTC coins and a total supply of 100 Million. If you are looking to buy or sell Gitcoin, Coinbase Exchange is currently the most active exchange.
What is Gitcoin?
Gitcoin is a platform to fund builders looking for meaningful, open source work. Project owners can publish their projects such as codebase, git repository, podcast, and various initiatives on the platform. Donors can browse a list of projects and choose what they would like to fund. The platform has funded over $19.3 million to date to up to 160,000 developers. With the launch of GTC token, Gitcoin is moving to decentralizing their platform to be managed by the community.
What is the GTC token?
GTC is the governance token on Gitcoin. The objective is to build a DAO of DAOs which will manage funding through quadratic funding for the development of the open web. Grants, treasury management, and dispute resolutions will be decentralized and managed by the DAO.
What is Quadratic Funding?
Quadratic Funding (QF) is the mathematically optimal way to fund public goods in a democratic community because it prohibits whales and central power brokers from controlling the ecosystem. This distributes power back to each community member.
What is Quadratic Voting?
Quadratic Voting (QV) is an optimal mechanism for democratic governance. Implementing QV for governance is a proposed milestone on Gitcoin’s decentralization timeline.