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Gitcoin

Gitcoin Performance

Live gtc Price

₹103.72

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3.24%

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₹3.36

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3.24%

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₹101

24h High

₹108

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What is Gitcoin?

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.

Who founded Gitcoin?

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

Primary features of Gitcoin

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.

Is Gitcoin a promising cryptocurrency?

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.

How do I use Gitcoin?

• 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.

Pros & Cons of Gitcoin

Pros

• DAO governance.

• Built on Ethereum.

Cons

• High volatility.

• Low community participation.

Gitcoin on CoinSwitch

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 ICO summary

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.

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FAQ's on Gitcoin

1. When was Gitcoin launched?

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Gitcoin was launched in November 2017

2. How does Gitcoin cryptocurrency work?

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Gitcoin connects digital creators with funders through bounties and grants on its platform. It uses quadratic funding to prioritize community support over large contributions, and its native GTC token is used for governance and rewards.

3. How Many Gitcoin Are There?

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The total supply of Gitcoin (GTC) is 100,000,000 tokens. Out of this, the current circulating supply is approximately 66 million tokens.

4. How to invest in Gitcoin cryptocurrency?

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You can invest in Gitcoin using the CoinSwitch app.

Highlight

GTC is Gitcoin’s native governance token, launched in 2021. The token is required for the creation and subsidizing of the DAO that will oversee Gitcoin.

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Gitcoin Price Statistics

GTC Price Today

GTC Price

₹103.72

Price Change 24h

percent_change_icon

3.24%

Price Change 7d

percent_change_icon

8.86%

Market Rank

#508

Market Cap

₹858 Cr.

Trade Vol 24h

₹79 Cr

Circulating Supply

₹9 Cr. GTC

Trading Activity

46% Buy54% Sell

News Feed

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How to invest in cryptocurrency in India

CoinSwitch is the leading crypto exchange in India. It is a mobile-only crypto exchange. CoinSwitch provides you the platform to buy and sell more than 80 coins such as BTC, ETH, MATIC, ADA, and LITE.

Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.

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