GLOBAL TOUR CLUB price prediction

Gitcoin is a community of builders, creators, and protocols that aim to gather their efforts to build the future of the open internet that will be open-source, collaborative, and economically empowering. The goal of the project is to create community and infrastructure — a diverse range of tools, technologies, and networks that will help people to get access to the open internet and also participate in its creation. 

Gitcoin was founded by Kevin Owocki and Scot Moore with the vision to foster the P2P communities to build open-source codes, share open data, and adopt open governance. The idea behind the project is to take an active part in the building of Web3 as an environment of freedom, shared ownership, and collaborative determination. 

As of July 2022, Gitcoin has funded $64.4 million for open-source projects and has over 2800 projects created on it with more than 300000 active developers monthly. The main advantage of the project that also makes it different from almost anything on the crypto market is the support of community building. Additionally, the participants can get paid for their efforts. Any user can upload the project on the platform and gather the funding needed for its development. 

The focus of the Gitcoin platform is on public good projects, that are designed to benefit everyone without a need for competition, for example, the projects dedicated to the clean environment, personal privacy, and infrastructure. etc. So far most of the funded projects were related to the blockchains within the Ethereum ecosystem. Also, many projects are focused on the creators of educational content. 

Gitcoin also supports talented developers and content creators and encourages them to join the platform by funding their participation in hackathons, bounties, and funded community grants. The projects on Gitcoin are matched with the corresponding amount of funding based on the proprietary formula to reward the projects that have more community support.

Gitcoin has a governance token GTC launched in late May 2021. It is an Ethereum token with a total supply of 100 billion tokens. As of July 2022, only 14 billion are in circulation. The distribution of the GTC token is focused on rewarding early adopters as well as further contributors.