The DAO to govern Gitcoin
The DAO is the vessel for Gitcoin’s mission. It consists of community members coordinating to fund public goods, and introduces the Gitcoin token (GTC) to make decisions about where to allocate resources.
GTC is a governance token for credibly neutral developer talent and public goods funding, and the means to progressively decentralize the Gitcoin platform through the GitcoinDAO.
At inception, Gitcoin’s DAO will oversee a community treasury of GTC tokens, along with offering a governance framework for delegates (called Gitcoin Stewards) to participate in key ecosystem decisions such as fund allocation, matching pools, and grant collusion.
GTC is a fork of the COMP/UNI governance systems, built with a delegation prompt built into the retroactive claim process. We hope this flow will establish our DAO ecosystem with higher voter turnout than any blockchain-based governance system in the past.
The goal is to gradually introduce more formal frameworks for the ongoing development and maintenance of Gitcoin, as managed through on-chain voting.
In order to do this, we’re excited to welcome the Gitcoin token (GTC) into the world.
Introducing GTC
The Gitcoin token (GTC) is distributed to active participants in Gitcoin’s mission.
The contract address of GTC is 0xde30da39c46104798bb5aa3fe8b9e0e1f348163f
GTC has no economic value; it is a governance token used to oversee the Gitcoin ecosystem. It has no claim on financial rights.
Note: Please triple check the contract address when interacting with GTC . There are likely to be many malicious actors trying to leverage fake tokens to their benefit!
The total supply of GTC is 100,000,000 (100M) tokens, broken down as follows.
- Retroactive Airdrop – 15%
- Gitcoin DAO – 50%
- Existing Stakeholders – 35%
The intent of this distribution is to split GTC evenly between past and future contributors. 50% to those who’ve built Gitcoin so far (retro + stakeholders) and 50% to the builders of tomorrow.
Retroactive Airdrop – 15,000,000 GTC (15%)
15% of the GTC supply is being retroactively distributed to past users of Gitcoin.
Find the full article here: The DAO to govern Gitcoin
The DAO is the vessel for Gitcoin’s mission. It consists of community members coordinating to fund public goods, and introduces the Gitcoin token (GTC) to make decisions about where to allocate resources.
GTC is a governance token for credibly neutral developer talent and public goods funding, and the means to progressively decentralize the Gitcoin platform through the GitcoinDAO.
At inception, Gitcoin’s DAO will oversee a community treasury of GTC tokens, along with offering a governance framework for delegates (called Gitcoin Stewards) to participate in key ecosystem decisions such as fund allocation, matching pools, and grant collusion.
GTC is a fork of the COMP/UNI governance systems, built with a delegation prompt built into the retroactive claim process. We hope this flow will establish our DAO ecosystem with higher voter turnout than any blockchain-based governance system in the past.
The goal is to gradually introduce more formal frameworks for the ongoing development and maintenance of Gitcoin, as managed through on-chain voting.
In order to do this, we’re excited to welcome the Gitcoin token (GTC) into the world.
Introducing GTC
The Gitcoin token (GTC) is distributed to active participants in Gitcoin’s mission.
The contract address of GTC is 0xde30da39c46104798bb5aa3fe8b9e0e1f348163f
GTC has no economic value; it is a governance token used to oversee the Gitcoin ecosystem. It has no claim on financial rights.
Note: Please triple check the contract address when interacting with GTC . There are likely to be many malicious actors trying to leverage fake tokens to their benefit!
The total supply of GTC is 100,000,000 (100M) tokens, broken down as follows.
- Retroactive Airdrop – 15%
- Gitcoin DAO – 50%
- Existing Stakeholders – 35%
The intent of this distribution is to split GTC evenly between past and future contributors. 50% to those who’ve built Gitcoin so far (retro + stakeholders) and 50% to the builders of tomorrow.
Retroactive Airdrop – 15,000,000 GTC (15%)
15% of the GTC supply is being retroactively distributed to past users of Gitcoin.
Find the full article here:
