Gitcoin Blog

Posts by:

Kevin Owocki

Introducing GTC – Gitcoin’s Governance Token

November 2022 Update: 

Hey there! You’re reading a post written at the launch of Gitcoin DAO, May 2021, and a lot has happened in the past year and half.

As an addendum to this original post, here’s an update on what the DAO has accomplished since its launch:

  • We got a global community of dozens of contributors to work towards a shared mission, distributed across 5 workstreams.
  • We distributed tens of millions of dollars toward digital public goods through our Gitcoin Grants Rounds (here’s a recap of GR15).
  • We launched the alpha of our open, decentralized grants protocols that enable communities to more easily fund their shared needs. Some of our first users are Fantom, Optimism, and UNICEF.

If you’re trying to understand the utility of GTC, in short it is a governance token that holders use to:

  • Vote on our governance proposals on Snapshot
  • Vote on what funding areas our Gitcoin Grants Program will focus on (e.g. Climate Solutions, DEI, Ethereum Infrastructure, Open Source Software)
  • Ultimately, support the growth of a thriving ecosystem of builders developing open protocols that enable a more free, democratic, and decentralized web

Keep reading onward to learn about the token’s history

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Original Article:

The Gitcoin mission is to empower communities to build and fund open source public goods.

In this post, we’re excited to introduce the GTC token and our DAO that will govern Gitcoin — two crucial components allowing Gitcoin to decentralize and build an equitable protocol for funding open source development.

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It’s Time To Decentralize Gitcoin

When Gitcoin first started in 2017 we focused on the mission of growing and sustaining open source software. During my 10 years in tech startups I had seen that everything and I mean everything in the startup ecosystem was built on top of open source. From the protocols that are the substrate of the internet, to Linux, to WordPress (the most popular content management system in the world) billions of dollars in economic activity, and billions of users interact with open source every year.

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Gitcoin Quests is now LIVE

I am thrilled today to announce the launch of Gitcoin Quests.

Gitcoin Quests is a fun, gamified way to learn about the web3 ecosystem, compete with your friends, earn rewards, and level up your decentralization-fu!

Think Coinbase Earn, by and for the Ethereum community.

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Freelancers, Cryptocurrencies, and Taxes. How Do They All Fit Together?

The global employment landscape has been changing drastically over the last couple of decades. More than 53 million individuals, in the US alone, are doing some sort of freelance work – that’s 34% of the U.S. national workforce! The freelance community has also been one of the biggest and most vocal proponents of the crypto revolution. According to a survey last year, 29% of all US-based freelancers said that they prefer receiving a part of their payments/salaries in crypto. 

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Funding Open Source In The Blockchain Era

Exploring the Design Space: Inflation Funding, MicroTransactions, and More

In ERC 1789, I advocate for aggressively increasing funding for the Ethereum commons.

In this “moonshot” ERC, I advocate for inflation funding (as a starting point, 20% of the issuance rewards) to go to an organization, which fits our community values, to fund ETH 1.x, ETH 2.0, and other worthwhile projects.

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