Gitcoin

What is GTC and how Does It Work?

Gitcoin operates on the Ethereum blockchain using the ERC-20 token standard offering a framework for builders to obtain support for their open source projects. The platform acts as a connecting point between builders and sponsors, permitting collaboration. Gitcoin employs a quadratic funding concept, where relayed funds are designated based on the quantity, not the value of contributors. Gitcoin segments projects into distinct categories like infrastructure, community, and media. Gitcoin promotes developer involvement and provides project support through hackathons and grant rounds. To participate as a builder, you need to link your GitHub account to your Gitcoin profile. The platform incorporates a leaderboard system to track top contributors and a reputation system to identify individuals and projects who have demonstrated positive contributions. The GTC, Gitcoin's native token, is multifunctional. It can be used to partake in governance activities, express preferences on propositions, and stake tokens. Gitcoin incorporates quadratic funding formulas among its benefits and collaborates with organizations such as the Ethereum Foundation and ConsenSys.

The Vision and Mission Behind GTC

The GTC token facilitates user interaction with a dynamic feedback mechanism. Holders can partake in the token's system, contributing to the community and influencing its direction. The GTC token is structured to engage more with proactive participants. The aim of this setup is to cultivate relationships within the system. GTC token enables you to use it for voting rights, allowing you to participate in the progression of the project. The number of tokens you possess can contribute towards the weight of your opinion, steering towards decentralized governance. In addition, the GTC token has potential to function in conjunction with other initiatives within the token area, fostering integration and mutual benefits. This interoperability can potentially expand the token ecosystem and embrace various token technologies. Overall, the GTC token initiative encourages widespread engagement, potential recognition for contributions, and joint progression.

How to Buy and Store GTC?

To purchase GTC, Flooz.xyz offers a streamlined process. Traders can purchase GTC via Flooz.xyz, which offers a one-stop solution to buy this token using a smooth checkout, without the need to own a wallet. Tap tap go! All payment methods are supported. Using Flooz self-custodial web wallet, you ensure seamless GTC transactions, including storing, sending, and receiving tokens. You can create a self-custodial wallet directly on Flooz using your email, Google, and Apple ID in a matter of seconds. This also ensures that you have access over your funds at all times, thanks to the power of cryptography. Flooz.xyz aggregates more than 50+ providers to ensure you with the fastest and cheapest payment routes for your trades. This seamless and optimized trading experience has captivated over 85,000 active traders on Flooz.xyz.

GTC Metrics:

• Current price: $0.6612

• Market cap: $66.12 M

• All-time high: $89.62 (May 25, 2021)

• All-time low: $0.79 (Aug 17, 2023)

• Daily trading volume: $5.27 k