| Information | Details |
|---|
| Project Name | Gitcoin |
| Project Website | Gitcoin Website |
| Project Description | Gitcoin is a platform that funds builders looking for meaningful, open-source work, pioneering Quadratic Funding to support public goods development. |
| Project Ticker | GTC |
Airdrop Details
| Information | Details |
|---|
| Airdrop Type | Retroactive Token Airdrop |
| Total Airdrop Amount | 15,000,000 GTC |
| Number of Eligible Users | 25,500 |
| Number of Claimants | 16,169 |
Timeline
| Event | Date |
|---|
| Blockchain Snapshot | April 1, 2021 |
| Claiming Started | April 26, 2021 |
| Claiming Ends | Not Known |
Token Distribution
| Distribution | Amount |
|---|
| Maximum | 216,022.36 GTC |
| Median/Average | 91.08 / 653.54 GTC |
| Minimum | 0.04 GTC |
Eligibility Criteria
Users were eligible for the GTC airdrop based on their past contributions to Gitcoin. The allocation criteria included:
- GMV (Gross Marketplace Value) participation, including bounties, tips, hackathons, and grants.
- On-platform actions such as opening a bounty, submitting work, opening a grant, or contributing to a grant.
- Membership and participation in KERNEL.
- Participation in the Funder’s League, based on contributions to the matching pool.
Users were capped at a maximum of 2% of the allocation within each group.
Important Links
- GTC is purely a governance token with no economic value or financial rights.
- The total supply of GTC is 100,000,000, distributed as follows:
- 15% Retroactive Airdrop (15,000,000 GTC)
- 50% Gitcoin DAO Treasury (50,000,000 GTC)
- 35% Stakeholders (35,000,000 GTC)
- DAO governance is managed through on-chain voting using a fork of the COMP/UNI governance systems.
- GTC allocated to the DAO is released in monthly installments over two years, fully unlocking by May 25, 2023.
- Stakeholder allocations are subject to a two-year vesting schedule and a non-transferability period of at least 500 days.
