Gitcoin (GTC) is a community of developers, creators and protocols that come together to advance the future of the open internet. It is a fundraising platform running on the Ethereum blockchain. This platform is decentralized through a DAO.
The Gitcoin (GTC) platform was founded in 2017 by Kevin Owocki, Scott Moore and Vivek Singh. In May 2021, Gitcoin DAO and Gitcoin’s management token GTC were released.
Gitcoin, which tries to support the transition from Web2 to Web3 in a decentralized way, has established Gitcoin DAO so that the funds collected for these projects can also be managed decentralized. Gitcoin (GTC) builds a community that supports new infrastructure for Web3, including tools, technologies, and networks to foster development in the open source space.
The Gitcoin project also supports socialization. Developers who want can join various communities and donate to the developers they follow. In addition, the platform also has a Web3 training platform. On this platform, developers train other users. In Gitcoin, developers can also earn money through their applications.
To summarize what Gitcoin is for, it is a platform where developers can be paid to work on open source software in a wide variety of programming languages. Users can also submit their own project ideas to the Gitcoin platform to crowdsource funding from contributing donors. In addition to direct community crowdfunding, Gitcoin uses a unique system known as secondary funding to help match community funding efforts to accelerate the development of projects the community deems most popular.
Gitcoin Rewards
Gitcoin enables users to fund specific technological development issues and crowdsource support from existing developers on the Gitcoin platform. Gitcoin rewards are designed to engage the Gitcoin community and provide ways to learn and earn by completing tasks and challenges. Through Gitcoin rewards, funders can select employees at their discretion, set timelines, and cancel at any time.
