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What is Gitcoin (GTC) and how does it work?

by Financial Economy
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Gitcoin describes itself as a community of developers, creators and protocols coming together to advance the future of the open internet. GTC is Gitcoin’s management token, which was released in late May 2021. Detailed information about what is Gitcoin (GTC), how it works, how much it costs, how to buy, etc. is in the continuation of the content. You can browse here for information about Deeper coin (DPR).

What is Gitcoin (GTC) and how does it work?

Gitcoin describes itself as a community of developers, creators and protocols coming together to advance the future of the open internet. Gitcoin builds a community that supports new infrastructure for Web3, including tools, technologies, and networks, to foster development in the open source space.

GTC is Gitcoin’s management token, which was released in late May 2021. The token is required to create and fund the DAO that will run Gitcoin. On the other hand, Gitcoin is unique in that it is a platform that supports community building, especially for open source projects. As of June 2021, over $20 million has been raised for open source projects through Gitcoin, with over 160,000 monthly active developers and slightly over 1,600 projects created.

Gitcoin aims to create a vision of the future called “Quadratic Lands”, a digital ecosystem with a strong emphasis on digital democracy and community building. Additionally, Gitcoin states that they are on a mission to create an open-source, collaborative and economically empowering internet. They build the community and infrastructure for Web 3, the various tools, technologies, and networks that enable people to work for the open internet.

How to buy Gitcoin? How much is the GTC coin price?

Gitcoin can be purchased from listed cryptocurrency exchanges. but before trading, it is necessary to make sure that the stock market is reliable. As of November 26, 2021, the price of 1 GTC coin is around $13.32 (the price can change instantly).

Caution: The information contained in this content is for informational purposes only. It is not investment advice.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

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