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Gitcoin defines itself as a community of developers, creators, and protocols coming together to advance the future of the open internet. Gitcoin creates a community that supports the new infrastructure for Web3, including tools, technologies, and networks, to foster development in the open-source arena.
What is Gitcoin (GTC)?
GTC is Gitcoin’s governance token, launched at the end of May 2021. The token is necessary for the creation and financing of the DAO that will govern Gitcoin.
On the other hand, Gitcoin is unique as a platform that supports community building, especially for open-source projects. As of June 2021, more than $20 million in funding was provided for open-source projects through Gitcoin, with over 160,000 active developers and just over 1,600 projects created monthly.
Gitcoin aims to create a future vision called “Quadratic Lands,” a digital ecosystem with a strong emphasis on digital democracy and community building.
In addition, Gitcoin states that they are on a mission to create an open-source, collaborative, and economically empowering internet. They are building community and infrastructure for Web 3, comprising various tools, technologies, and networks that enable people to work for the open internet.
They also express their collaboration in creating the digital public infrastructure of tomorrow by financing projects, building communities, and making learning resources accessible.
Moreover, GitcoinDAO is a community-governed organization responsible for the future of Gitcoin. The community of GitcoinDAO aims to lead to Quadratic Lands, the ideal future state where public goods are democratically allocated and appropriately financed.
Initially, governance will focus on Gitcoin Grants and the use of the treasury in governance workflows. During Grant Rounds, the community will decide on guidelines related to grants in general, as well as round size and approvals.
How to Buy Gitcoin Coin?
GTC Coin can be quickly and securely purchased through Binance, the world’s largest cryptocurrency trading platform in terms of trading volume.
To buy GTC Coin, one must first register with Binance and then send fiat money. After sending a fiat currency like dollars, one can perform a purchase transaction in the GTC trading pair by buying BUSD, Bitcoin (BTC), Binance Coin (BNB), and Tether (USDT).
In addition, users can place a buy order at Binance not only at market value but also at a lower value. To do this, you just need to use the Limit tab and enter the amount and price you want to buy.
