๐ŸšจAIRDROP Alert ๐Ÿšจ Gitcoin Governance token (GTC) dont miss it | Summary and Q&A

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May 27, 2021
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Drake on Digital
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๐ŸšจAIRDROP Alert ๐Ÿšจ Gitcoin Governance token (GTC) dont miss it

TL;DR

Learn how to claim free Git Coin governance tokens through three missions: proof of knowledge, proof of views, and proof of receive.

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Key Insights

  • ๐Ÿ‘ค Git Coin has introduced a governance token that users can claim by completing specific missions.
  • ๐Ÿ‘ The three missions include proving knowledge about Git Coin, proving views by watching a video, and proving receive through delegation.
  • ๐Ÿคจ Git Coin is primarily focused on decentralized funding for crypto projects, allowing them to raise funds through proposals and donations.
  • โ“ The Git Coin token has no inherent monetary value and is solely used for governance purposes within the platform.
  • ๐Ÿ‘ค Users can participate in Git Coin to receive a retrospective airdrop of tokens, which can potentially have value in the future.
  • โ“ The token distribution consists of 50% to the Git Coin DAO, 35% to existing stakeholders, and 15% to the retroactive airdrop.
  • ๐Ÿซข Ethereum gas fees are applicable when claiming Git Coin tokens, but the tokens themselves are received for free.

Transcript

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Questions & Answers

Q: What can Git Coin tokens be used for?

Git Coin tokens can be used for governance purposes, allowing holders to vote on proposals and decisions within the platform.

Q: How can I claim Git Coin tokens?

To claim Git Coin tokens, users need to complete three missions: proof of knowledge, proof of views, and proof of receive. Each mission has specific tasks to be completed.

Q: Is Git Coin a valuable token?

Git Coin is primarily a governance token and its value is determined by its use within the decentralized autonomous organization (DAO). It is not designed to have monetary value.

Q: How does Git Coin work as a funding platform?

Git Coin acts as a decentralized funding platform, where crypto projects can propose ideas, request donations, and seek support from the community. It operates similar to a combination of Fiverr and GoFundMe, but specifically for crypto projects.

Summary & Key Takeaways

  • Git Coin has launched its governance token and users can claim it by completing three missions.

  • The missions include proving knowledge about Git Coin, proving views through watching a video, and proving receive by delegating tokens.

  • Git Coin is a decentralized funding platform that allows crypto projects to raise funds through proposals and donations.

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