Gitcoin Blog

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Decentralized Autonomous Organizations

Gitcoin Grants Round 10 Governance Brief

Dear Funders League and Community stewards, 

Grants Round 10 (GR10) came to a close on July 1, 2021, and it is time to once again take the journey to the Quadratic Lands where we honor our sacred agreement to support public goods in the Ethereum ecosystem. We do that by ratifying the round, and then transferring funds from the Grants MultiSig to the non-custodial deployment contract. This will ultimately enable payout of the round’s matching pool to participating grants projects.

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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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