The new DEFI platform enters the market! Earn passively - token sale 0.25 $ I'm going in!

Top reasons why Gitcoin (GTC) price has increased by 100% in a month

3 min reading

The Blockchain industry is growing and turning into more of a fixture in everyday life, the idea of ‘one chain to rule them all’ and the basic theory of blockchain maximalism is turning to fall to the wayside and the focus on interoperability and cross-chain collaboration is coming to the front. One specific project meant to help ecosystem entirely and help in growing the open interest is Gitcoin (GTC) a community of builders, creators and protocols.

Recent data shows that the price of GTC has increased 103% from a low of $4.78 on July 20 to a high at $9.71 on Aug. 11 as new members connected with the project and its goal of advancing the web3 infrastructure. The main reasons as to why the recent growth of GTC are its growing list of partner platforms, DAO governance features that provides community members control of the platform with a well-funded grant pool can be used to support the development projects and improve protocols. 

The main goal of the Gitcoin protocol is to help develop and support the infrastructure for Web3. This means developing new tools, technologies and networks that can further work out the open-source development. Also, the Gitcoin ecosystem is open to working with a wide variety of protocols and platforms to help them grow through organizing hackathons and providing development grants. The projects right now that are involved with the Gitcoin community include Harmony, Nervos Network, Tezos Casper and Arweave. Providing opportunities like prizes and development grants to hackathon participants and other events hosted by Gitcoin have been able to attract the developers and community members required to resume the development.

Decentralized autonomous organizations (DAOs) are an up-and-coming trend in the Blockchain industry as they provide the community members the power to vote on the future direction and development of the platform. Gitcoin has accepted this model and now it has a growing community which is participating in voting for proposals and helps with the governance of the project’s protocol. Community members who are not interested in getting involved with the daily decisions can delegate their votes to a trusted steward who votes for proposal on their behalf in return for a percentage of the rewards offered. There are five different DAO workstreams available to the Gitcoin community including anti-fraud and collusion, public goods, dGrants, moonshots collective and ‘memes, merch, marketing.’ 

Currency Exchange rate Buy cryptocurrency

Buy crypto now

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Lushup Holdings FZ LEE. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Lushup Holdings FZ LEE, Fujairah - Creative Tower, P.O.Box 4422 Fujairah, United Arabs Emirates.

The full document to read the Tokeneo privacy policy is available in this document.

Advanced settings can be changed in your browser.