About Gitcoin (GTC)
Gitcoin is a platform that connects developers with open-source projects needing funding and support. Launched in 2017, Gitcoin aims to grow and sustain the open-source ecosystem by incentivizing developers to contribute to projects through bounties, grants, hackathons, and other initiatives.
Gitcoin has established a community that seeks to directly support developers and coders with products such as grants, bounties provided by networks and entities needing developer resources, work assignments, extended contracts, and more.
Gitcoin is associated with the GitHub development community and therefore built atop the protocol to not reinvent the wheel, as referenced by the platform. Instead, Gitcoin is described as more of the incentivization layer to Github, the underlying collaboration layer. To date, information published on the Gitcoin website establishes that Gitcoin, a DAO community, has been responsible for over $72 million in funds dedicated to open-source development across all products and channels.
Kevin Owocki and Scott Moore co-founded Gitcoin and ultimately launched it in November 2017 to concentrate support around developers contributing to the continued building of the Web3 environment and the development of the space itself. Gitcoin hosts a network that sees hundreds of thousands of developers leverage its platform to exercise-associated support and interact with one another regularly. Developers on the Gitcoin network are rewarded for their contributions on the platform and are positioned to land various types and lengths of assignments with platforms such as MetaMask and Ethereum.
The Gitcoin network is developed and supported on the Ethereum blockchain network and fundamentally exists as an Ethereum network asset. The Gitcoin DAO governance token also has liquidity on the Near blockchain network. Gitcoin is known by its token ticker $GTC. The live price of Gitcoin is updated and available in real-time on Binance.