What is Gitcoin?
With its innovations and support for the developer community, Gitcoin is advancing the open web’s future. Since its 2017 start, Bitcoin has received $21 million in funding, funding more than 160k users. Gitcoin has sponsored thousands of projects and teams with their open-source infrastructure, as stated on the official website.
Gitcoin believes that every project should have its own protocol and sees enormous potential in the blockchain and cryptocurrency industries. Future Platform funding will surpass its billion dollar goal for outstanding concepts and untested start-up concepts. Peer-to-peer communities that develop open-source code, adopt open governance, and share open data will call the Gitcoin Open Web vision home. In the open system, builders can receive compensation for their efforts by upholding a collaborative work environment.
Decentralized autonomous organisation, or DAO, is nothing more than the Gitcoin vision’s vessel. The GitcoinDAO ecosystem collaborates to fund and develop projects that are the next generation of public goods. This ecosystem’s primary goal will be to support and scale the biggest and best experiments in the open-source space. Its operation will begin with the development of a community before designing and launching experiences.
|Based on||Funding Project|
|Exchange Platform||Uniswap, MXC, 1 inch exchange, Lbank|
GTC Price Analysis
GTC is an Ethereum network-deployed ERC-20 standard coin. Its primary use is acting as a governance token; it has no monetary value. The Gitcoin ecosystem will be governed by GTC, which employs a fork of the compound and a uniswap governance structure. The GTC token will be divided equally among contributors from the past and the present.
GTC was listed on Uniswap, MXC, and began trading there with an opening bid of $3.52 USD. As a result of the market slump, GTC crosses the $10 USD threshold on May 26, 2021. Prices had previously fallen below $6 USD. Soon, the Coinbase platform will list GTC since more investors will be able to purchase it, and a bull run is anticipated to begin at that point. Binance and other leading centralised exchanges will list GTC very soon, and the price of GTC will rise as soon as funding volume rises.
A project was created in 2017 with the sole goal of using open-source software and a developer community to make a wonderful idea a reality. Thousands of projects in both internal and external crypto technology have benefited from funding provided by Bitcoin. The creator of Ethereum, Vitalik Buterin, also expressed his admiration for Gitcoin, saying that it helped him uncover some interesting Ethereum projects. Developers joined this platform for a variety of reasons, including the fact that they are paid for working on a variety of projects in an environment with a positive work culture.
In the Quadratic Lands, where digital democracy is king, most projects will be supported primarily with public goods. As a result, an ecosystem that is more focused on the community will develop, enabling the development of exceptional projects. In the future, Gitcoin might appear in the top list of cryptocurrency projects ranked by volume of market capitalization.