Gitcoin to Host an AMA on Discord on March 7th at 4:00 PM UTC

Gitcoin will host an AMA on Discord on March 7th at 4:00 PM UTC to provide a deep dive into its upcoming program, roles, and rewards.

Gitcoin, a platform aiming to foster the creation and development of open source software by connecting developers and contributors with funders, is hosting an AMA session on Discord on March 7th at 4:00 PM UTC.

The session will provide a deeper understanding of Gitcoin's upcoming program, roles, and rewards.

Those interested in learning more about how the platform utilizes quadratic funding grants for a more democratic and broader distribution of funds, or how GTC token holders can vote on proposals to influence the platform's direction, can attend the AMA.

Join the Gitcoin Discord server here: https://discord.gg/gitcoin

Time: March 7th, 4:00 PM UTC

Server: Gitcoin Discord

Those unable to attend the AMA can follow Gitcoin's social media channels for updates and news.

Gitcoin is a platform that connects developers, open source contributors, and people or organizations who want to fund their work. The goal of the project is to stimulate the creation and development of open source software.

The platform offers several tools for this purpose:

* Bounties: Gitcoin allows organizations to create bounties for specific tasks or bugs to be fixed in their projects. These bounties can be funded by the organizations themselves or by members of the community who believe in the project.

* Virtual hackathons: Gitcoin organizes short-term events focused on solving specific problems or building new features for projects. Participants in these events receive rewards in the form of GTC tokens for completing tasks and contributing to the common goal.

* Grants: Gitcoin organizes several grant programs throughout the year to provide long-term funding for important open source projects or social initiatives. The grants are funded by community donations and distributed using a quadratic funding model.

* Quadratic funding grants are a system in which the amount of funds allocated to a grant depends not only on the total amount of donations but also on the number of participants who made those donations. This provides a more democratic and fair way of distributing funds. For example, if one donor contributes 1000 GTC to a grant and 100 donors contribute 10 GTC each, the grant will receive the same amount of funding in both cases, despite the huge difference in the individual donations.

The smaller donations will be amplified by the quadratic formula, effectively giving more weight to the collective participation of the community in determining the final distribution of funds.

GTC is the native token of the Gitcoin platform. The token is used for several purposes within the ecosystem. For example, GTC token holders can use the tokens to participate in voting on proposals on how to use the platform's facilities, what projects to support, and what changes to make to the platform itself. In addition, GTC is used as a means of rewarding community members who contribute to the Gitcoin ecosystem. For instance, those who participate in virtual hackathons or report critical bugs in popular projects can receive GTC rewards for their efforts.