(2021-08-15) 3 Reasons Why Gitcoin GTC Price Has Rallied 100% In A Month

3 reasons why Gitcoin (GTC) price has rallied 100% in a month. ...the focus on interoperability and cross-chain collaboration is coming to the forefront. One project that is specifically designed to help advance the ecosystem as a whole and develop the future of the open internet is Gitcoin (GTC), a community of builders, creators and protocols.

Three reasons behind the recent strength of GTC are its expanding list of partner platforms, DAO governance features that give community members control of the platform and a well-funded grant pool can be used to help develop projects and improve protocols.

The main mission of the Gitcoin protocol is to help create and support the infrastructure for Web3.

This includes developing new tools, technologies and networks that can further facilitate open-source development.

Some of the current projects that are actively involved with the Gitcoin community include Harmony, Nervos Network, Tezos, Casper and Arweave.

DAO governance capabilities

Gitcoin has embraced this model and now has an active community that is involved with voting for proposals and helps with the governance of the project's protocol.

Community members who don’t want to be as involved with the day-to-day decisions can delegate their votes to a trusted steward.

There are currently five separate DAO workstreams available to the Gitcoin community including anti-fraud and collusion, public goods, dGrants, moonshot collective and "memes, merch, marketing."

Grants attract new developers

The grants use community support and quadratic matching to provide the funding that open-source projects need, and the funds in the grant pool are also used to reward hackathon participants as well as community members who complete any of the listed bounties.