Gitcoin (GTC) is an Ethereum token that empowers community administration of the Gitcoin stage. The stage is planned to support and facilitate open-source improvement, such as quadratic subsidizing. As of June 2021, Gitcoin has encouraged over $21 million in gifts and bounties for open-source developers.

Kevin Owocki, Scott Moore, and Vivek Singh established Gitcoin in November 2017. 

1. Gitcoin is built on the Ethereum blockchain.

2. GTC is an ERC-20 token expecting community-stage governance.

3. The Gitcoin convention is to offer assistance in making and backing the foundation for Web3.

4. Gitcoin develops and sustains the “Quadratic Lands,” a biological system with computerized popular government and a solid emphasis on community building.

Gitcoin has proved to be successful at quickening open-source computer program improvement in blockchain by giving a stage for a community of givers and developers interested in creating a more open web.

If you are looking to purchase GTC, you can check out third-party cryptocurrency exchanges like CoinSwitch.

• Governance: Gitcoin is administered by a DAO, wherein clients can take an interest in stage governance.

• GTC Staking (Personality Staking): GTC staking helps verify your identity or authenticate someone else’s by staking GTC.

• Gitcoin Bounties: Gitcoin empowers clients to finance certain innovative improvement issues and crowdsources back from accessible engineers on the Gitcoin platform.

• DAO governance.

• Built on Ethereum.

• High volatility.

• Low community participation.

1. You can invest and trade GTC for just ₹100.

2. Trade GTC for an affordable fee.

3. Easily manage your transactions and your portfolio.

Gitcoin secured $11.3 million in an investment round led by Paradigm in April 2021. This helped Gitcoin spin out of Consensys and become independent.