$ 0.664 USD
$ 0.664 USD
$ 54.189 million USD
$ 54.189m USD
$ 5.332 million USD
$ 5.332m USD
$ 23.374 million USD
$ 23.374m USD
81.404 million GTC
Issue Time
2021-01-01
Platform pertained to
--
Current price
$0.664USD
Market Cap
$54.189mUSD
Volume of Transaction
24h
$5.332mUSD
Circulating supply
81.404mGTC
Volume of Transaction
7d
$23.374mUSD
Change
24h
+5.52%
Number of Markets
146
Current Rate0
0.00USD
3H
+3.08%
1D
+5.52%
1W
+8.61%
1M
+2.92%
1Y
-24.01%
All
-91.04%
Aspect | Information |
Short name | GTC |
Full name | Gitcoin |
Founded year | 2017 |
Main founders | Kevin Owocki and Scott Moore |
Support exchanges | Binance, Huobi Global, OKEx, etc |
Storage wallet | Metamask, Ledger, Trezor etc. |
GTC, fully known as Gitcoin, is a cryptocurrency founded in 2017 by Kevin Owocki and Scott Moore. The token operates within the Ethereum blockchain, with the aim of providing support for open-source projects through a decentralized platform. Users who hold GTC tokens can actively participate in the governance of the Gitcoin platform through a system called Gitcoin DAO (Decentralized Autonomous Organization).
GTC is supported by numerous cryptocurrency exchanges including Binance, Huobi Global, and OKEx, facilitating easy buying, selling, and trading of the token. As for storage, GTC tokens can be stored in wallets that support ERC-20 tokens, such as Metamask, Ledger, and Trezor.
It's noteworthy to mention that as with any other type of investment, trading or storing GTC carries its own set of risks and requires due diligence. It's always encouraged for potential investors to understand and study any cryptocurrency, including GTC, before making any investment decisions.
Pros | Cons |
Supports open-source projects | Volatile price fluctuations |
Active participant governance | Dependent on Ethereum blockchain performance |
Wide exchange support | Potential smart contract vulnerability risks |
Uses standard ERC-20 wallets | Requires understanding of blockchain technology |
Pros:
1. Supports open-source projects: GTC token serves an important role in funding and maintaining open-source projects. The token provides a financial incentive for developers to contribute to open-source projects, leading to more growth and innovation in the sector.
2. Active participant governance: Token holders have the unique opportunity to participate in the governance of the Gitcoin platform. This includes decision-making on key issues and contributing to the overall direction of the platform.
3. Wide exchange support: GTC can be bought, sold, and traded on a variety of cryptocurrency exchanges. This wide support makes GTC more accessible to users worldwide.
4. Uses standard ERC-20 wallets: GTC is an ERC-20 token, meaning it can be stored in any wallet that supports this standard. This includes major wallet providers such as Metamask, Ledger, and Trezor.
Cons:
1. Volatile price fluctuations: As with many cryptocurrencies, the price of GTC can be highly volatile. This volatility can lead to significant gains, but it can also lead to substantial losses.
2. Dependent on Ethereum blockchain performance: GTC's functionality is directly tied to the Ethereum blockchain, meaning it's susceptible to any issues on Ethereum's end, such as scalability problems or network congestion.
3. Potential smart contract vulnerability risks: While the Ethereum network is secure, there's always a chance of vulnerabilities in the code of individual smart contracts. If GTC's contract were to have a flaw, it could potentially be exploited by malicious actors.
4. Requires understanding of blockchain technology: To effectively use and manage GTC, users need to have an understanding of blockchain technology and cryptocurrency systems. This high learning curve can be a barrier for some potential users.
GTC, or Gitcoin, offers innovative approaches to certain aspects of the cryptocurrency world. Its main focus lies in the support of open-source projects, which is not a common purpose among many cryptocurrencies. The GTC tokens provide financial incentives to developers, encouraging more active contributions towards open-source projects.
What further sets this cryptocurrency apart is the active participation that is facilitated for token holders in the governance of the Gitcoin platform. Unlike many cryptocurrencies where decision-making power is primarily concentrated among the founders or developers, GTC offers a more decentralized approach by allowing token holders to have a say in important decisions affecting the platform's future.
However, similar to many tokens on the Ethereum blockchain, it still shares some commonalities such as being an ERC-20 token, having the potential for smart contract vulnerabilities, and experiencing scalability or congestion issues associated with the Ethereum network. It's also critical to state that understanding and handling GTC does require a good grasp of blockchain technology, which is common with managing any type of cryptocurrency.
GTC, or Gitcoin, operates on the Ethereum blockchain as an ERC-20 token. The Ethereum blockchain serves as a decentralized platform that enables Smart Contracts and Distributed Applications (DApps) to be built and run without any downtime, fraud, control, or interference from third parties.
GTC is primarily used within the Gitcoin ecosystem, a platform designed to support the development and sustainability of open-source projects. The token provides a method to incentivize and reward contributions to these projects. It is also used to facilitate a system of democratic governance within the Gitcoin community. GTC token holders have the ability to influence the decisions that shape the future of the platform through a Decentralized Autonomous Organization (DAO) framework.
This process allows each token holder to vote on various proposals, affecting key decisions such as strategic direction, product updates, and significant changes to the platform. Hence, the power to govern the platform is decentralized and distributed among the community rather than being held by a central authority.
However, it is important to note that, like all cryptocurrencies, GTC operates within a complex technological ecosystem that requires users to have a fair understanding of blockchain technology and cryptocurrency management.
The total circulating supply of GTC as of September 24, 2023 is 65.07 million. This means that this is the total amount of GTC that is currently in circulation and available for trading.
The price of GTC has been relatively volatile since its launch. It reached an all-time high of $5.74 in November 2021, but has since fallen to its current price of around $0.85. The price of GTC is affected by a number of factors, including the overall state of the cryptocurrency market, news and developments related to Gitcoin, and supply and demand for GTC.
There is no mining cap for GTC. This means that there is no theoretical limit to the amount of GTC that can be created. However, the rate at which new GTC is created is controlled by the Gitcoin team.
The following are some of the exchanges that support buying GTC.coin, along with the currency pairs and token pairs they support:
1. Binance: One of the largest and most popular cryptocurrency exchanges globally. It supports GTC token pairs such as GTC/BTC, GTC/ETH, GTC/USDT and GTC/BUSD.
2. Huobi Global: A Singapore based cryptocurrency exchange. It supports trading pairs including GTC/USDT, GTC/BTC, and GTC/ETH.
3. OKEx: This exchange offers various trading options like Spot trading and Derivatives trading. GTC can be traded against USDT, BTC, or ETH.
4. KuCoin: Known for a wide range of available cryptocurrencies. Supports GTC/USDT and GTC/BTC pairs.
5. Bithumb: A well-known Korean exchange. Supports the GTC/KRW pair.
6. BitMart: This exchange accepts fiat currencies, and you can trade GTC against the USDT.
7. CoinBene: CoinBene offers trading pairs of GTC/USDT.
8. CoinEx: The GTC trading pairs on CoinEx include GTC/USDT, GTC/BTC, and GTC/ETH.
9. Bilaxy: This exchange supports the GTC/USDT pair.
10. MXC: The exchange has GTC trading pairs of GTC/USDT.
Please note these pairings can change as exchanges add, adjust or drop certain pair support based on demand and other factors. Therefore, for the most accurate information, you should check the latest listings direct on the respective exchange sites.
Storing GTC, or Gitcoin, involves holding the tokens in a wallet that supports the ERC-20 standard, as GTC is an ERC-20 token operating on the Ethereum blockchain. This makes it compatible with a wide range of wallets. Below you'll find several types:
1. Metamask: This is a browser-based wallet that is widely used within the Ethereum community. Besides storing ERC-20 tokens like GTC, Metamask can also interact with decentralized applications (DApps) directly from the browser.
2. Ledger Wallet: Ledger is a hardware wallet, often considered the most secure way to store cryptocurrency offline. GTC can be stored on a Ledger device by using it in combination with a wallet interface like MyEtherWallet.
3. Trezor: Like the Ledger, Trezor is also a hardware wallet providing offline storage. It is compatible with the ERC-20 standard and therefore can store GTC tokens.
4. Trust Wallet: This is a mobile wallet for Android and iOS that supports a wide variety of token types, including GTC. It aims to provide a simplified user interface without compromising on security.
5. MyEtherWallet (MEW): A free, client-side interface that lets you interact directly with the Ethereum blockchain while remaining in control of your keys & funds. You can store GTC here.
6. Coinomi: This wallet supports a vast array of cryptocurrencies. It's a mobile-first product but also available for desktop.
Remember to take security measures to protect your GTC or any other cryptocurrency held in wallets. This may include things like keeping your wallet software up to date, using strong and unique passwords, and applying two-factor authentication where available.
GTC, or Gitcoin, may be suitable for those who prioritize decentralization and actively participating in the decision-making processes of the platforms they invest in. This token is also ideally suited for those interested in the support and growth of open-source projects, as Gitcoin's primary aim is to foster such development.
Moreover, GTC can be an interesting option for individuals with a keen interest in blockchain technology, who understand required exchanges, wallets, and have a good grasp of the technology behind cryptocurrencies. They should be able to understand and mitigate any potential risks associated with smart contract vulnerabilities and the general volatility of cryptocurrency markets.
Professional advice for those considering buying GTC would include the following points:
1. Thoroughly Research: Before investing, learn about Gitcoin and its cycle, how it's managed, and what it aims to achieve. Take time to understand the purpose of GTC within the Gitcoin platform, and how it benefits the open-source community.
2. Understand the Risks: Cryptocurrency markets can be volatile. Know that while investments can yield high returns, they can also result in losses.
3. Tech Savvy: Given that GTC operates on the Ethereum blockchain, familiarity with blockchain technology and comfort using exchanges and digital wallets are essential.
4. Keep Updated: Keeping an eye on market trends, news, and developments in blockchain technology can provide valuable insights into your investment decisions.
Lastly, it's always a good idea to seek advice from a financial adviser or a professional specializing in cryptocurrency investments before making any decisions.
GTC, short for Gitcoin, is an ERC-20 token that is designed to support the development of open-source projects through a decentralized platform. It was founded in 2017 by Kevin Owocki and Scott Moore, and operates on the Ethereum blockchain. The token holders are given the ability to participate in the decision-making process of the Gitcoin platform.
The currency is supported by numerous cryptocurrency exchanges, including Binance, Huobi Global, and OKEx. GTC can be stored in wallets that support the ERC-20 standard, such as Metamask, Ledger, and Trezor.
With its emphasis on community governance and support for open-source development, GTC could show promise in the rapidly evolving landscape of cryptocurrencies. That being said, like any investment, GTC's future prospects and potential for appreciation are subject to various factors and cannot be guaranteed.
It is worth noting that cryptocurrency investments can lead to significant financial gains, but they also carry inherent risks due to price volatility and potential smart contract vulnerabilities. Therefore, any interested investors are encouraged to fully research and understand the token, as well as the broader implications of investing in cryptocurrencies, before making a decision.
Q: On which blockchain does GTC operate?
A: Gitcoin (GTC) operates on the Ethereum blockchain.
Q: How is GTC employed within its intended ecosystem?
A: GTC is primarily used as an incentive for developers contributing to open-source projects and to provide a mechanism for community governance on the Gitcoin platform.
Q: What type of wallets can I use to store GTC?
A: GTC, being an ERC-20 token, can be stored in any wallet supporting ERC-20 tokens such as Metamask, Ledger, and Trezor.
Q: Which exchanges can I buy GTC from?
A: Several leading exchanges including Binance, Huobi Global, OKEx, and others, provide support for buying, selling, and trading GTC.
Q: Does holding GTC provide any governance rights?
A: Yes, GTC holders get the opportunity to actively participate in decision-making concerning the governance of the Gitcoin platform.
Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.
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