Cryptocurrency Q&A
What is GTC Gitcoin?
What is GTC Gitcoin?
EmeraldPulse
Fri Jul 26 2024
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6 answers
1937
So, could you please explain to me what exactly is GTC Gitcoin? I've heard it mentioned in a few cryptocurrency forums, but I'm not quite sure what its purpose is or how it works within the broader ecosystem. Is it a token? A platform? Or something else entirely? And what sets it apart from other similar projects in the industry?
6 answers
Andrea
Sun Jul 28 2024
Gitcoin's innovative approach to community governance is embodied in its native token, GTC. As an ERC-20 token, GTC is designed to facilitate the decision-making processes within the platform, ensuring a democratic and decentralized environment.
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EnchantedMoon
Sun Jul 28 2024
The total supply of GTC tokens is capped at 100 million, a strategic move aimed at maintaining scarcity and value over time. This limited supply underscores Gitcoin's commitment to a sustainable and responsible token economy.
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SeoulSerenitySeeker
Sat Jul 27 2024
A significant portion of the GTC token supply, 15%, is dedicated to rewarding platform users through a retroactive airdrop. This initiative serves as a token of appreciation for their contributions and engagement with the Gitcoin ecosystem.
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ZenHarmonious
Sat Jul 27 2024
Additionally, 35% of the total GTC token supply is allocated to existing stakeholders. This allocation recognizes the significant role that early adopters and investors have played in shaping the Gitcoin platform and its community.
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CryptoNinja
Sat Jul 27 2024
The remaining token supply is allocated to various purposes, including development, marketing, and partnerships, to fuel the growth and expansion of the Gitcoin ecosystem.
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