About Gitcoin

Gitcoin (GTC) is a platform built on Ethereum intended to facilitate decentralized funding for open source projects. It employs a unique mechanism known as Quadratic Funding, which matches contributions based on the number of supporters rather than the amount contributed. The GTC token, an ERC-20 standard, is used primarily for governance within the ecosystem. Founded by Kevin Owocki in late 2017, Gitcoin started as a minimal viable product with a clear mission: to eliminate middlemen like recruiters and support open-source initiatives. Over time, the project experimented extensively but survived due to strong community backing and strategic positioning. In 2021, Gitcoin reached a new milestone, attracting investors in January and launching GitcoinDAO in May, when the GTC token was also re...