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Gitcoin’s platform empowers communities to build, as well as fund, open-source, public goods. The company created GTC as a governance token of the platform. It uses the token for platform governance and public goods funding through GitcoinDAO.

Gitcoin is essentially the community of protocols, creators, and builders, uniting at the center of open web ecosystems. The company aims to build an internet that is open source, economically empowering, and collaborative.