What is Gitcoin (GTC)?

Deep Dive

1. Purpose and funding

Gitcoin aims to address a funding gap: useful public goods, such as open source tools, can benefit many people but may lack a direct way to earn revenue. Its Grants program channels community donations and matching funds to projects. One approach, quadratic funding, gives greater weight to the number of individual contributors than to the size of any one donation. Gitcoin

2. GTC token and governance

GTC is not the grant itself; it is Gitcoin’s governance token. Holders can participate in DAO decisions on matters such as treasury management and how Gitcoin’s funding work is organized. Gitcoin also describes GTC staking as a way to support proof of humanity through Passport, its identity tool. Gitcoin’s GTC overview

Conclusion

Gitcoin is a coordination and funding ecosystem for public goods, while GTC is the token used to help govern that ecosystem. How can community funding best support projects that benefit everyone?