Gitcoin
About
Gitcoin is a decentralized autonomous organization (DAO) and platform that funds public goods in the Ethereum ecosystem through quadratic funding rounds. Since launching its grants program in 2019, Gitcoin has facilitated over $59M in donations to open-source projects and early-stage builders. The GTC token governs the DAO treasury and protocol upgrades. Gitcoin Passport is its Sybil-resistance identity layer.
Use Cases
Quadratic funding grants, DAO governance, public goods financing, Sybil resistance (Passport), retroactive funding
Technology
Categories
Source
Market Sentiment
GTC Upbit 93% spike; 14 Oct 21% drop.
Report date: 2026-10-24
This is an analysis output, not investment advice.
+ Strengths
- +Pioneer of quadratic funding in crypto
- +Large established community (270K+ users, 3.8M+ donations)
- +Proven track record funding major open-source projects (Uniswap, Optimism, etc.)
- +DAO-governed with transparent treasury
- Weaknesses
- -Slow token price appreciation despite strong fundamentals
- -Quadratic funding vulnerable to collusion attacks
- -Governance participation historically low
- -DAO treasury diversification challenges
Team
Kevin Owocki (founder); governance transitioned to Gitcoin DAO in 2022 (Gitcoin 2.0); community-governed with ED Council and working groups
Launch
2017
Total Supply
100,000,000
Circulating Supply
87,491,502
Max Supply
100,000,000
