Gitcoin is a decentralised collaboration platform operating on the Ethereum network. It supports open-source projects by leveraging blockchain technology, aiming to promote the development and sustainability of the open-source movement. Gitcoin facilitates funding for these projects using decentralised mechanisms such as grants and bounties.
Gitcoin functions by connecting developers and projects with funding opportunities through various programs and protocols. It uses technologies like smart contracts, primarily on the Ethereum blockchain and other EVM-compatible networks. Gitcoin employs a unique Quadratic Funding mechanism, which enhances contributions from larger communities, thus optimising public goods funding. Smart contracts streamline processes such as grant distribution and checkout experiences, thereby reducing transaction costs and improving efficiency.
Gitcoin has several key use cases including:
Gitcoin was founded in 2017 by Kevin Owocki to address the financial challenges faced by open-source developers. It has evolved significantly over the years:
The Gitcoin price is $1.8545 AUD, representing a +3.46% from the day prior.
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The trading volume of Gitcoin (GTC) is $21.4M AUD in the last 24hrs, representing a +3.46% from the day prior.
Gitcoin (GTC) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
The current market cap of Gitcoin (GTC) is $108.9M AUD.
Yes - With Coinstash you can convert your Gitcoin (GTC) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
The current circulating supply of Gitcoin (GTC) is 60.9M.
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Gitcoin (GTC) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.