Golden Recursion Inc. logoGolden Recursion Inc. logo
Advanced Search
Gitcoin

Gitcoin

Gitcoin is the community of builders, creators, and protocols at the center of open web ecosystems. Connect with the community developing digital public goods, creating financial freedom, and defining the future of the open web.

What Is Gitcoin (GTC)?

Gitcoin describes itself as a community of builders, creators and protocols that have come together in order to develop the future of the open internet. Gitcoin creates a community that supports new infrastructure for Web3 — includingn tools, technologies and networks — to foster development in the open-source sphere.

GTC is Gitcoin’s governance token, launched in late May 2021. The token is needed for the creation and funding of the DAO that will govern Gitcoin.

Who Are the Founders of Gitcoin?

Gitcoin was founded by Keving Owocki and Scott moore. Owocki is CEO, Moore is technical growth lead and is director of research.

What Makes Gitcoin Unique?

Gitcoin is unique in that it is a platform that supports community building, specifically for open source projects. As of June 2021, over $20 million has been funded for open source projects through Gitcoin, there are over 160,000 active developers monthly and a little over 1,600 projects created.

Gitcoin aims to create a future vision called “Quadratic Lands” — a digital ecosystem with digital democracy and a strong emphasis on community building.

How Many Gitcoin (GTC) Coins Are There in Circulation?

The total supply of GTC is 100,000,000 tokens. 15% is set aside for a retroactive airdrop, 50% is in the Gitcoin DAO and 35% is for existing stakeholders. The retroactive airdrop is for past users of Gitcoin, the DAO allocation is for governance purposes and the existing stakeholders include anyone who has contributed to building Gitcoin in the past or the future (with a vesting schedule of at least two years for Gitcoin team members).

Timeline

November 2021
Gitcoin raises a $500,000 grant from Ethereum Foundation.
November 2021
Gitcoin raises a $11,300,000 venture round from 1kx, Balaji S. Srinivasan, Electric Capital, IDEO, MetaCartel Ventures, Naval Ravikant, Paradigm, The Lao and Zak Cole.

Funding rounds

Patents

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Gitcoin CEO Kevin Owocki at Ethereal 2021

May 7, 2021

Golden logo
By using this site, you agree to our Terms & Conditions.