$GTC is up ~89% on a rebrand. Gitcoin's own post says the rebrand has no new token.
Everyone's watching the chart. I went to the forum thread instead.
Someone asked if a new token is coming. The reply: no plans for one.
Techne is a separate brand, planned as a 501(c)(3). The DAO and GTC carry on as before.
The first pilot test had about 10 of 15 invitees show up. The post itself says that's too small to conclude anything. Launch is targeted for mid-December, and legal work is the likeliest delay.
Nobody wants to be the one who watched a coin double and asked what it does. I get it. But that's the question I'd ask. I can't find anything in the announcement that makes someone need to buy GTC.
My read: the market may be pricing a story, not a mechanism. The volume was real though (about 18.9x average, per a secondary source), so I could be wrong about how long the story runs.
I'd change my mind if a governance proposal gives GTC an actual sink. I'd get more skeptical if Techne launches with GTC left out.
Would you rather buy the story early, or wait until the token has a real role in it?
#GTC #Gitcoin #Techne #CryptoResearch
Everyone's watching the chart. I went to the forum thread instead.
Someone asked if a new token is coming. The reply: no plans for one.
Techne is a separate brand, planned as a 501(c)(3). The DAO and GTC carry on as before.
The first pilot test had about 10 of 15 invitees show up. The post itself says that's too small to conclude anything. Launch is targeted for mid-December, and legal work is the likeliest delay.
Nobody wants to be the one who watched a coin double and asked what it does. I get it. But that's the question I'd ask. I can't find anything in the announcement that makes someone need to buy GTC.
My read: the market may be pricing a story, not a mechanism. The volume was real though (about 18.9x average, per a secondary source), so I could be wrong about how long the story runs.
I'd change my mind if a governance proposal gives GTC an actual sink. I'd get more skeptical if Techne launches with GTC left out.
Would you rather buy the story early, or wait until the token has a real role in it?
#GTC #Gitcoin #Techne #CryptoResearch
