<p>Gitcoin (GTC) is an Ethereum-based platform. It aims to be a decentralized solution for funding open source projects. It does so by utilizing its unique approach called Quadratic Funding, which is based on matching funding. GTC is an ERC-20 token used for governance within the platform. The platform is governed by the GTC token.&nbsp;</p><p>The platform was founded by Kevin Owocki in late 2017. It was initially launched as a small minimum viable product. Nevertheless, the mission was established through the start and remained consistent through the years: removing recruiters as intermediaries and funding open-source projects. The years after that included a lot of experimentation but the project survived thanks to supporting and successful market positioning. 2021 marked a new beginning for the platform: January saw the project attracting investors, while GitcoinDAO was launched in May. May also marked the appearance of the GTC token that was added retroactively into the system. The company’s next plans involved a path to full decentralization with the end goal of reaching what they call Quadratic Lands: a financially democratic digital community based on Quadratic Funding.&nbsp;</p><h3><strong>What are GTC’s key features and how does it work?</strong></h3><p>Gitcoin offers an ecosystem where developers can earn money through bounties, sponsored hackathons or grant funding. The platform is aimed to support independent developers and open-source solutions. This clever system offers a crowdfunding matching solution called Quadratic Funding. It uses an algorithm that prioritizes the projects based on the number of contributors instead of the size of the contribution. The more contributors participated, the larger the matched amount will be even if it raises the same amount of money as a solution with fewer “investors”. This provides incentives for smaller contributors. The platform developers consider it to be essential for financial democracy and an overall fairer solution. The reason is that the projects that attract wider audiences are more important, as well as it’s a way to prevent manipulation by wealthy few. The system doesn’t fully prevent large actors from exercising their influence, instead, it makes it significantly more difficult.&nbsp;</p><p>The GTC token is used for governance, it has no economic value within the ecosystem, so it cannot be used for transactions or staking. Half of its total supply of 100 million coins has been allocated to those who provided value to the ecosystem (contributors, investors, developer team, and active community members). Another 15% were retroactively airdropped to the users. The token makes community-led governance and on-chain voting (an approach where changes are made directly to a blockchain) possible, using a solution similar to one that COMP and UNI tokens utilize.</p><h3><strong>Where can you buy GTC?</strong></h3><p>Gitcoin (GTC) tokens are available to buy on various platforms. The list includes Binance, KuCoin, Uniswap V3. They can be traded against stablecoins (USDT), cryptocurrencies like BTC and ETH and sometimes against FIAT.</p><h3><strong>How can you store GTC?</strong></h3><p>Since GTC operates within the Ethereum blockchain, it can be stored using any ERC-20 compatible wallet. For example, MetaMask can be a good and useful choice.&nbsp;</p><h3><strong>Mining</strong></h3><p>GTC tokens are not minable. The total supply is limited to 100 million coins. No staking programs are available for GTC coins, since the token is used within the platform for governance purposes only and has no claim on financial rights.</p>

Ethereum Ecosystem

zkSync Ecosystem

Retroactive Airdrop

Stakeholders

Community Treasury

Gitcoin

Gitcoin is the community of builders, creators, and protocols at the center of open web ecosystems.

The Spartan Group

Sky9 Capital

Coinbase Ventures

YZi Labs (Prev. Binance Labs)

Lattice

Mirana Ventures

Folius Ventures

Solana Ventures

Jump Capital

Alameda Research

HashKey Capital

6th Man Ventures

Zee Prime Capital

Smrti Lab

Mask Network

Multicoin Capital

DragonFly Capital

Draper Dragon

Cultur3 Capital

Matrixport

APENFT

Republic

Shima Capital

Evernew Capital

Arbitrum Foundation

Galxe

Ftribe Fighters (F2 NFT)

KOREIT

Frutti Dino

Morningstar Ventures

Moonrock Capital

GBV Capital

Waterdrip Capital

Vendetta Capital

Ascensive Assets

Hypersphere Ventures

Blizzard Fund

Woodstock Fund

Figment Capital

Axia8 Ventures

CoinGecko Ventures

Nexo

Everclear (prev Connext)

Kosmos Ventures

Impossible Finance

Nabais Capital

AVentures DAO

Subsquid

3 Chaps Capital

StakeBorg

Ganesh Swami

Erik Ashdown

Derek Yoo

Aurel Iancu

Delroy Bosco

Alex Smirnov

Batuhan Dasgin

Michael Chen

Etienne

Danish Chaudhry

Alchemy

Bware Labs

The Dai Lo

Fractal Network (Findora)

GameOn Forge

Blockchange Ventures

Big Brain Holdings

coinIX

Castrum Capital

Outlier Ventures

Kangaroo Capital

Maven Capital

FinSec Innovation Lab

Kima Network

Sociapol

Foresight Ventures

DWeb3 Capital

HTX Ventures

Kronos

SpringWind Ventures

Double Peak 

Gate.io

VRM Ventures

AC Capital

AlphaCoin Fund

Mintable

LD Capital

ClearDAO

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%name% %code% Token Unlocks and Vesting: Schedule and Tokenomics

Name	Total	Unlocked	Locked
Community Treasury	50%	50%	-
Stakeholders	35%	-	-
Retroactive Airdrop	15%	15%	-

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