Gitcoin ( GTC ) is a decentralized cryptocurrency and governance token for the Gitcoin Platform , Which founds and supports Open - Source Software and public goods projects in the Ethereum ecosystem.
What Gitcoin Does
1. Public goods founding 👉 Uses Mechanisms like quadratic Funding to help Communities vote on and fund Open - Source Development .
2. Token utility 👉 GTC acts as the governance token for Gitcoin Grants and the Decentralized Autonomous organization ( dAO ) structure .