Question 1

What is Gitcoin Platform?

Accepted Answer

Gitcoin is a community-driven platform that aims to financially support and promote open-source software development. It employs a unique 'bounties' system to act as a mediator between project owners in need of development assistance and developers looking for opportunities. This arrangement fosters a collaborative environment beneficial for the advancement of open-source projects.

Question 2

What is Gitcoin Token (GTC)?

Accepted Answer

GTC, short for Gitcoin Token, is an ERC-20 governance token built on the Ethereum blockchain. It was launched in late May 2021 and plays a crucial role in shaping and funding the Decentralized Autonomous Organization (DAO) that oversees Gitcoin.

Question 3

What are the Uses and Functions of GTC?

Accepted Answer

GTC primarily serves as the governance token within the Gitcoin ecosystem. Token holders can propose changes, vote on a range of platform issues, and significantly influence Gitcoin's future.

Beyond its governance role, GTC also functions as an incentive and reward mechanism. Developers can earn GTC tokens for their contributions to open-source projects. Additional utilities of the token include:

**Staking:** GTC can be staked on Gitcoin Passport as a "proof of humanity," reinforcing the platform's trust mechanisms.

**Decentralizing Grants and Managing Disputes:** GTC aids in decentralizing the grant-awarding process and is essential in dispute resolution within the platform.

**Treasury Governance:** The token is also used for governance over Gitcoin’s financial reserves or treasury.

Question 4

Who Created Gitcoin and When Was It Founded?

Accepted Answer

Gitcoin was founded in 2017 by Kevin Owocki and Scott Moore. Owocki serves as the CEO, while Moore is the technical growth lead and director of research. The platform was initiated with the aim of incentivizing the development of open-source software. As of June 2021, Gitcoin has successfully funded over $20 million in open-source projects.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	GTC-USDT GTCUSDT	binance	AA	0.07382USDT	-2.33%	999,078.90GTC	3,014	0.07557USDT	0.07630USDT
2	GTC-USD GTC-USD	coinbase	AA	0.07330USD	-1.87%	101,919.43GTC	51	0.07470USD	0.07580USD
3	GTC-USDT GTC-USDT	kucoin	BB	0.07310USDT	-2.66%	58,122.95GTC	92	0.07510USDT	0.07570USDT
4	GTC-USD GTCUSD	kraken	AA	0.07380USD	-2.77%	39,914.73GTC	36	0.07589USD	0.07600USD
5	GTC-USDT GITCOIN_USDT	gateio	A	0.07333USDT	-5.93%	6,704.00GTC	5	0.07795USDT	0.07795USDT
6	GTC-USD GTC_USD	cryptodotcom	AA	0.07337USD	-1.78%	6,091.00GTC	16	0.07470USD	0.07582USD
7	GTC-EUR GTCEUR	kraken	AA	0.06380EUR	-6.04%	3,510.52GTC	7	0.06790EUR	0.06790EUR
8	GTC-USDT gtc_usdt	lbank	C	0.07389USDT	-2.17%	21,627,552.73GTC	83,732	0.07554USDT	0.07624USDT
9	GTC-KRW GTC_KRW	bithumbkorea	-	102.00KRW	-0.97%	897,080.99GTC	167	103.00KRW	103.00KRW
10	GTC-USDT GTCUSDT	mexc	C	0.07392USDT	-2.25%	748,413.84GTC	3,017	0.07562USDT	0.07628USDT
11	GTC-USDT GTC_USDT	bydfi	-	0.07375USDT	-2.47%	643,002.76GTC	3,262	0.07562USDT	0.07628USDT
12	GTC-USDT GTC_USDT	coinw	-	0.07382USDT	-2.35%	532,608.12GTC	2,084	0.07560USDT	0.07613USDT
13	GTC-BTC BTC-GTC	upbit	B	0.0₆9700BTC	-3.00%	34,279.66GTC	7	0.0₅1000BTC	0.0₅1000BTC
14	GTC-USDT gtc_usdt	digifinex	D	0.07387USDT	-2.22%	31,095.10GTC	835	0.07555USDT	0.07622USDT
15	GTC-USDT GTCUSDT	bitrue	D	0.07383USDT	-2.22%	25,715.20GTC	468	0.07550USDT	0.07625USDT
16	GTC-USDT GTCUSDT	coinex	C	0.07354USDT	-2.68%	6,570.08GTC	1,663	0.07556USDT	0.07556USDT
17	GTC-EUR GTC-EUR	bitvavo	B	0.06375EUR	-1.94%	2,697.56GTC	17	0.06500EUR	0.06534EUR
18	GTC-USDT GTCUSDT	binanceusa	B	0.07800USDT	0.00%	0GTC	0	0.07800USDT	0.07800USDT
19	GTC-IDR gtcidr	indodax	E	1,296.00IDR	-1.89%	380.30GTC	4	1,321.00IDR	1,321.00IDR
20	GTC-USDT GTCUSDT	hitbtc	E	0.07940USDT	0.00%	0GTC	0	0.07940USDT	0.07940USDT
21	GTC-KRW gtc_krw	korbit	C	100.70KRW	-9.28%	57.13GTC	1	111.00KRW	111.00KRW
22	GTC-USDT GTC_USDT	poloniex	C	0.07500USDT	0.00%	0GTC	0	0.07500USDT	0.07500USDT
23	GTC-BTC GTCBTC	hitbtc	E	0.0₅1020BTC	0.00%	0GTC	0	0.0₅1020BTC	0.0₅1020BTC