What is Gitcoin (GTC)? An Open Source Funding Platform for the Future

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Bittime - Open source technology is an important foundation for technological progress and the internet. The open source platform allows developers from all over the world to collaborate and build software that is innovative and beneficial to all. However, funding open source projects is still a big challenge. This is where Gitcoin comes in as a solution.

Gitcoin is a revolutionary open source funding platform, enabling individuals and organizations to support open source projects and their communities easily and transparently. The platform uses the GTC token as an incentive for participation and governance, driving the growth and sustainability of the open source ecosystem.

What is Gitcoin (GTC)?

Gitcoin is an open source funding platform that allows individuals and organizations to support open source projects and their communities. The platform uses the GTC token as an incentive for participation and governance.

Gitcoin was founded in 2017 with a mission to build financial infrastructure for open source. This platform enables developers, communities, and organizations to:

• Receiving funding: Open source projects can apply for grants from the Gitcoin community.
• Make a donation: Supporters can donate directly to their favorite open source projects.
• Participate in hackathons: Gitcoin hosts regular hackathons with prizes in GTC tokens.
• Building a community: Users can connect with other developers and contribute to open source projects.

Gitcoin (GTC) Key Products & Features

Here are some of Gitcoin's key products and features:

• Gitcoin Grants: Funding platform for open source projects.
• Gitcoin Hackathons: Regular hackathons with prizes in GTC tokens.
• Gitcoin Quests: Challenges to learn and contribute to open source projects with GTC token rewards.
• Gitcoin Governance: GTC token holders can participate in platform governance.

Also read: What is Qtum (QTUM)? A Blend of Bitcoin Security and Ethereum Functionality

What is GTC Token

The GTC token is an ERC-20 token used on the Gitcoin platform. This token has several functions, including:

• Incentives: Used to incentivize developers, communities, and organizations to participate on the Gitcoin platform.
• Governance: GTC token holders can participate in platform governance.
• Fees: Used to pay transaction fees on the Gitcoin platform.

Tokenomic Token GTC

• Total Supply: 100,000,000 GTC
• Distribution:
  • 30% - Gitcoin Team
  • 25% - Gitcoin Ecosystem
  • 20% - Public sale
  • 15% - Reserve fund
  • 10% - Advisors and investors
• Release Schedule:
  • 20% released at launch
  • 80% released linearly over 4 years

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Gitcoin (GTC) Fundamental Analysis

Gitcoin has several positive fundamental factors, including:

• Strong community: Gitcoin has a large and active community with over 100,000 users.
• Backing from renowned investors: Gitcoin has received support from renowned investors such as a16z, Coinbase Ventures, and Polychain Capital.
• Rapid growth: The Gitcoin platform has experienced rapid growth with total funds distributed over $50 million.

GTC Price Today

Based on today's Bittime market, the price of GTC was observed to have increased 2.95 percent in the last 24 hours. Currently the price of GTC to IDR is IDR 25368.

Source: Bittime

Gitcoin (GTC) & Competitors Comparison

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Expert Opinion About Gitcoin (GTC)

Experts have a positive view of Gitcoin. Here are some opinions from experts:

• "Gitcoin is an innovative platform that has the potential to revolutionize the way open source projects are funded." - a16z
• "Gitcoin is a fast-growing community with an important mission." - Coinbase Ventures
• "Gitcoin is an exciting platform with a lot of potential." - Polychain Capital

Founder and Team of Gitcoin (GTC) Blockchain

Gitcoin was founded by Kevin Owocki and Scott Moore. The Gitcoin team consists of experienced developers, designers, and entrepreneurs with a passion for open source.

Conclusion

Gitcoin (GTC) is an innovative open source funding platform with great potential to revolutionize the way open source projects are funded. This platform has several key advantages, including:

• Strong community: Gitcoin has a large and active community of over 100,000 users dedicated to advancing open source.
• Backing from top investors: Gitcoin has received backing from top investors such as a16z, Coinbase Ventures, and Polychain Capital, indicating their confidence in the platform's potential.
• Experienced team: The Gitcoin team consists of experienced developers, designers, and entrepreneurs with a passion for open source.
• Useful GTC tokens: GTC tokens have some utility on the Gitcoin platform and have the potential to increase in value as the platform grows.

How to Buy Gitcoin (GTC) on Bittime

You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime  is one of the best crypto applications in Indonesia which is officially registered with Bappebti. GTC  is available on Bittime with  GTC to IDR pairing .

To be able to buy  GTC  on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor the price chart movements  of Gitcoin (GTC) ,  Bitcoin (BTC) ,  Ethereum (ETH) , Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime. 

Also Read:

What is Chromia (CHR)? Blockchain Platform for DApps

What are Crypto Stablecoins and How Do They Work?

What is Qtum (QTUM)? A Blend of Bitcoin Security and Ethereum Functionality

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.