About Gitcoin
Gitcoin (GTC) is an Ethereum token that enables community governance of the Gitcoin platform. The platform is designed to fund and coordinate open source development by novel means such as quadratic funding. As of June 2021, Gitcoin has facilitated over $21 million in grants and bounties for open source developers.
Buy GitcoinTrading Insights
Buyer Ratio
Traders
85
93.18%
Buyers
49
145%
Sellers
44
69.23%
Searched
61
Market Stats
Market Cap
£21.59M
-14.2%
FDV
£22.40M
Circ. Supply
96M GTC
Max Supply
100M GTC
Total Supply
100M GTC
Diluted Valuation
£22.46M
Performance
Popularity
#769
Dominance
0%
Volume (24H)
£5.14M
36.01%
Volume (7D)
£23.99M
Volume (30D)
£80.70M
All time high
£21.48
Price Change (1Y)
-51.97%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Defi tokens: Decentralised Finance (or 'DeFi') tokens (e.g. UNI, AAVE) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.
Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.
Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets. For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.
Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.
Data/oracle risk: DeFi protocols often rely on external data sources or 'oracles'. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.
Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.
Additional details
Recent trends
The current price is £0.23 per GTC with a 24-hour trading volume of £5.14M. Currently, Gitcoin is valued at 98.95% below its all time high of £21.48. This all-time high was the highest price paid for Gitcoin since its launch.
The current circulating supply of Gitcoin is 96,384,727.705 GTC which means that Gitcoin has as total market cap of £21,592,233.40.
Market details
GTC vs markets
↘ 72.83%
GTC vs BTC
↘ 72.85%
GTC vs ETH
↘ 70.19%
Tags
dao
web3
binance-listing
Network & Addresses
Network | Address | |
---|---|---|
Ethereum | 0xDe30da39c46104798bB5aA3fe8B9e0e1F348163F |
Price history
Time | Price | Change |
---|---|---|
Today | £0.23 | ↘ 12.86% |
1 Day | £0.26 | ↘ 12.86% |
1 Week | £0.26 | ↘ 12.86% |
1 Month | £0.24 | ↘ 6.15% |
1 Year | £0.48 | ↘ 51.97% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Gitcoin (GTC) is a blockchain-based platform and a community of builders, creators, and protocols working together to shape the future of the open internet. Gitcoin's mission is to build and fund digital public goods.
Today, the internet has unlocked a world of possibilities for collaboration and creation. Technologies like open-source protocols and decentralized blockchains enable businesses to take that co-creation to a new scale. Thus, the Gitcoin community makes use of these technologies to fund and create digital public goods projects that benefit everyone and provide immediate solutions to their problems.
Open-source software is considered the critical component of software development and modern computing. This software provides users with the source code that anyone can check, modify, and enhance. Therefore, as stated in the whitepaper, Gitcoin aims to promote the collaboration of open-source software projects. But, as open-source software is free and open by nature, many developers contributing to these projects receive little or no compensation in return. To overcome this issue, Gitcoin seeks to provide financial incentives and grants to developers who embark on development projects.
Another important feature offered by Gitcoin is Quadratic Funding. This is a patented democratic approach adopted by Gitcoin through which crypto funding is directed to public goods initiatives. Quadratic Funding offers a structure where individual donations are matched with an equivalent amount of funding from larger pools of funds provided by bigger donors. The mechanism amplifies the contributions made by large communities over the donations made by a small group with high-paying capacities. The matching of funds is done using a proprietary formula, which is then optimized to benefit projects with more community support.
Additionally, Gitcoin offers bounties, which allows users to crowdsource support from accessible developers on the Gitcoin platform to fund certain technological development issues. To fund a bounty, a user must first create an issue on GitHub, then fund it with Gitcoin (specifying project specifics, a completion deadline, and any other relevant information), following which contributors can fill out a simple form expressing their interest in resolving the issue. Gitcoin bounties can be permissioned, requiring funder consent before starting work, or permissionless, allowing anyone at any time to finish the bounty. Using Gitcoin bounties, funders can choose workers at their leisure, set deadlines, and cancel at any time.
Gitcoin's native token is named GTC, which is an ERC20 token with no economic value. This implies the token has no financial rights. It is primarily used to administer the Gitcoin ecosystem. The primary focus of the token is to allow communities to create and fund open-source projects. Moreover, the GTC is used by Gitcoin's decentralized autonomous organization (DAO) to decentralize and govern the platform by putting the future of the platform in the hands of the community growing around it.
Gitcoin has also introduced a Stewards Delegation Program. Voting rights for GTC holders are proportional to the number of tokens they own. They can delegate their voting rights to community stewards so that they can vote on their behalf, without giving up their tokens. Stewards are individuals of the community who actively participate in governance. The community has a direct impact on their influence. The more voting rights they have, the more the community trusts their stewardship. Anyone can become a steward by simply agreeing to the voting rights.
Kevin Owocki and Scott Moore are the founders of Gitcoin, which was founded in November 2017. Owocki is the CEO, and Moore is the technical growth lead and the director of research at Gitcoin.
Owocki completed his BS in computer science from the University of Delaware and worked at several renowned companies like Barclays and Vanguard. Similarly, Moore completed his bachelor’s degree in mathematics and political science from the University of Toronto. Before joining Gitcoin, he worked at a number of reputable companies, including Bell, Picolo Research, and others.
Gitcoin’s DAO and governance token was launched in May 2021.
The total supply of GTC coins is capped at 100 million GTC
Users can easily buy Gitcoin (GTC) at several exchanges like Coinbase, which safe, secure, and easy to use. GTC is available on Coinbase.com as well as Coinbase app.
We update our Gitcoin to GBP currency in real-time. Get the live price of Gitcoin on Coinbase.
The current market cap of Gitcoin is £21.59M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Gitcoin is £21.48. This all-time high is highest price paid for Gitcoin since it was launched.
Over the last 24 hours, the trading volume of Gitcoin is £5.14M.
Assets that have a similar market cap to Gitcoin include tokenbot, LimeWire, doginme, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Gitcoin is 96 million.
Gitcoin ranks 189 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 71% of Coinbase users are buying Gitcoin. In other words, 71% of Coinbase customers have increased their net position in Gitcoin over the past 24 hours through trading.
Yes, Gitcoin is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Gitcoin guide.
Gitcoin news
Trending articles
Social stats
Popularity in posts
#1352
Contributors
297
Posts
497
% About Gitcoin
0.019%
Hold times
0 days
X (Twitter)
28.07% bullish
Sentiment
3.2 ★
Highlights
297 unique individuals are talking about Gitcoin and it is ranked #1,352 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Gitcoin has an average sentiment score of 64 out of 5. Finally, Gitcoin is becoming less newsworthy, with 0 news articles published about Gitcoin.
On Twitter, people are mostly neutral about Gitcoin. There were 28.35% of tweets with bullish sentiment compared to 1.03% of tweets with a bearish sentiment about Gitcoin. 71.65% of tweets were neutral about Gitcoin. These sentiments are based on 470 tweets.
On Reddit, Gitcoin was mentioned in 18 Reddit posts and there were 22 comments about Gitcoin. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
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