$GTC
Dear friends hello everyone 👋 I hope everyone is doing well and having a very good day
technical analysis
15m and 1h charts show a massive price explosion of over 40 percent today reaching 0.12 US dollars
4h and 1d charts show a strong bullish breakout from a long term descending channel
1w chart shows price is bouncing back from its all time low area around 0.08 US dollars
Market indicators give strong buy signals because trading volume has jumped over 1000 percent in 24 hours
white paper and how it works 👇
Gitcoin is a decentralized platform that helps fund and build open source software and public goods on the Ethereum network
main idea 👇
The project uses a special democratic matching system called quadratic funding to help small donations have a much bigger impact
So the model roughly works like this
🧑💻 Developers submit projects for open source tools or community work
💰 Small donors give money to the projects they like the most
📈 A large pool of money from big partners is used to match these small donations
🛡️ It uses Gitcoin Passport to prove users are real humans and not bots trying to cheat the system
The total supply is 100 million tokens and it is used to govern how the money in the treasury is spent
In summary
➡️ A platform to fund public goods and open source software
➡️ Uses quadratic funding for fair money distribution
➡️ GTC token is used for voting on the future of the project
➡️ Includes identity tools to stop fake accounts and sybil attacks
recent news 📢
GTC price skyrocketed over 23 percent in just one hour today due to heavy social media buzz
Vitalik Buterin recently gave feedback on Gitcoin’s newest funding round called GG23
The project is gaining more attention as a leader in the decentralized science or DeSci movement
Trading volume reached over 18 million dollars today as investors rotate money into high potential altcoins
For those who want to research more about the project I am leaving the official website below 👇
https://gitcoin.co
If you have any questions I would be happy to answer them friends 🙌
⚠️ Important Notes
🔸 This is not a paid advertisement it is completely for informational purposes
📉 The cryptocurrency market is highly volatile
🧐 This post is not investment advice it is only for informational purposes
🔎 Do not forget to do your own research and only invest amounts you can afford to lose
#GTC #Gitcoin #Ethereum✅ #crypto