Gitcoin issues governance token GTC, and the number of airdropped tokens that users can get is a mystery

Original title: " Gitcoin has finally issued coins, how many GTCs have you received? "

Original source: Qin Xiaofeng,Odaily Planet Daily

At 11:00 p.m. Beijing time on the 25th, the decentralized funding platform Gitcoin tweeted that it officially issued the governance token GTC, and 15% of its circulation % (15 million in total) airdropped to addresses that have previously made valuable contributions to the Gitcoin platform. Addresses including initiating bounties, donations, giving suggestions, etc., can get this airdrop. Users can check and receive it on the official website: https://gitcoin.co/login/github/?next=https://gitcoin.co/quadraticlands/mission

According to the official website, GTC is A governance token with no economic value that will be used to manage Gitcoin in the form of Dao for distributing grants, managing disputes and managing treasury. Gitcoin is accelerating its mission of building and funding digital public goods and transitioning from web2 to web3.

“We believe the future of Gitcoin is a community-focused, self-governing DAO for public affairs Raising funds, GTC is the first step in our gradual decentralization of Gitcoin. As Gitcoin continues to develop, many governance issues have arisen, including the types of projects that can accept funding, the definition of malicious behavior for quadratic fundraising mechanisms, The consequences of malicious actors, etc., these issues should be decided by the community." Gitcoin official said,   

GTC contract address is 0xde30da39c46104798bb5aa3fe8b9e0e1f348163f, remind everyone Investment< /span> Pay attention to screening to avoid buying counterfeit coins.

Currently, Uniswap has opened GTC transactions. According to Dextools data, the price of GTC once soared to $180 at the beginning of its launch, but the depth was limited, and then quickly plummeted to a minimum of $2.1, and is currently maintained at between $3 and $4.

Unlike the previous airdrops of Uniswap and other trading platforms, a single address started with 400 UNIs. The number of Gitcoin airdrops is relatively small, and the airdrop standard is "a mystery".

According to the official website application screenshot, the number of airdrop tokens users get Depends on three parts: Activity, core and GMV (total transaction value), But the specific scoring rules and standards for each part are unknown.

Gitcoin is a decentralized collaboration platform built on the Ethereum network. Gitcoin provides a community for developers. In addition to allowing them to collaborate through bounties in open source projects, Gitcoin also provides an open platform for projects to apply for "funding" from the community and the Ethereum Foundation. Gitcoin currently supports the layer-2 scheme zkSync, and almost 65% of payments on the platform are made through zkSync. It is understood that V God had previously donated AKITA tokens worth 431 million US dollars in his account to Gitcoin.   

Several participants told Odaily Planet Daily that they had participated in the ninth Gitcoin donation plan to finance projects that needed funding, and invested more than $100, but only donated once, so this airdrop only received 11 tokens. The value is close to half the cost. Of course, although some participants only participated in one round of donations, they obtained 500 tokens because they bound BrightID. "I personally think that binding BrightID and donating to Gitcoin is a plus."

(Note: BrightID is an identity system in the Web3 era, representing the uniqueness of users in the Web3 era.)

There are also deep participants who have obtained more than 7,200 GTC. The interviewee claimed to have participated in and contributed to Gitcoin governance since the first phase of the donation plan.

Currently in the community, the address of the big household that has received the most airdrops has received 98,566 GTC. Based on the unit price of 3.7 US dollars, the total is 365,000 US dollars. The suspected projectDeveloper.

Although the "wool party" smelled the breath of Gitcoin's currency issuance early, they began to create addresses in batches and carry out Donations, trying to ambush more airdrops, especially with the ninth round of donations in March.

The screenshots circulating in the community show that there are users Donated more than 100 addresses, only more than 300 GTC airdrops, but my friends got more than 2,000. Considering the gas cost and donation amount when donating, the wool party does not make a lot of money like in the previous airdrop.

In any case, Gitcoin It is a symbol of the ecological spirit of Ethereum and an open source collaboration platform. What is the future trend of GTC? As a DAO of DAOs, what innovative applications will it have in governance? Odaily Planet Daily will continue to pay attention.

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