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Have you ever wondered about the secret angel investors behind some of the biggest projects in the crypto industry? It’s not always an eccentric billionaire or a creep VC, sometimes it’s Gitcoin – the unsung hero fueling the rocket ships for crypto’s moon missions.
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0:00 Intro
0:48 Gitcoin
1:08 Partnerships
4:22 Funding
2:41 Quadratic Funding
4:52 Gitcoin Passport
6:29 GTC Token
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All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice. Digital Assets are highly volatile and carry a considerable amount of risk. Only use exchanges for trading digital assets. Never keep your entire portfolio on an exchange.
Sources:
https://go.gitcoin.co/blog/case-study-uniswap-grants/#:~:text=Gitcoin%20supported%20Uniswap%20from%20start,of%20dollars%20in%20administrative%20overhead.
https://twitter.com/gitcoin/status/1652864097547943936
https://passport.gitcoin.co/#/
https://www.coingecko.com/en/coins/gitcoin
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Have you ever wondered about the Secret Angel Investors find some of the biggest Projects in the crypto industry there's Not always an eccentric billionaire or a Creep VC sometimes it's Bitcoin the Unsung hero fueling the rocket ships From crypto Moon missions find out what It is today let's get it [Music] [Music] Welcome to Big Boy crypto my name is Ben In this video I'm going to be telling You guys about git coin a platform that Has been quietly funding some of the Biggest projects in the crypto industry On a very basic level get coin is a Crowdfunding platform that anyone can Participate in but there is some magic Under the hood that makes it a lot more Powerful than your traditional Crowdfunding platform Many people don't know this Bitcoin has Had a massive impact on the device Ecosystem get going actually played a Big part in getting uniswap off the Ground for the platform was able to Prove his worth and get more BC funding Same thing with the decentralized Exchange aggregator one inch they got a Lot of early help from get coin too just A side note I don't own any good coin I've never received any money from the Get coin Foundation this video is for Educational use only not only that but
Gitcoin also funded Pope po AP so Participation in ftes that have become An integral part of the ethereum Community Even media organizations and podcasts Like our sparring partners over at Bankless receive funding from Bitcoin Today Bitcoin has contributed over 50 Million dollars to crypto Builders Through its funding platform many Bitcoin grants go to core blockchain Infrastructure projects like uniswap or Pope but the platform is also committed To providing public goods in the real World this includes funding for Environmental Restorations Universal Basic income experiments and crypto Lobbying efforts either a recent Partnership with coinbase to help in Their legal defense in fact refi or Regenerative Finance sector is one of The main beneficiaries of getcoin's Efforts the idea of refi is to use the Greed of the degenerate crypto Traders For good and funnel their money into Regenerative causes so they help improve The world while making a profit in the Process Bitcoin was initially mounted on Ethereum but has now become a Multi-chain project with Integrations on Networks like Phantom zkasync polygon And others now let's talk about what Sets get coin apart from traditional Fundraising platforms like Kickstarter
Quadratic funding this mechanism Allocates funds to projects based on the Number of supporters and the amount they Contribute the goal of this approach is To provide more funding to projects with Numerous small contributions rather than Just a few large donors in other words It prevents the whales from having total Control of the direction of the platform And it gives the smaller investors more Bang for their butt and get coin's model A community pool of money is raised from Sponsors VCS and other donors this pool Is then used to match donations that Have broad support from a wide range of Small contributors for example if you Donate ten dollars to a project you Could receive over seventy dollars in Total thanks to the matching funds from The community pool if you only donate One dollar to a project that is popular Among a bunch of other small donors your Donation could be as high as one hundred Dollars an insane 100x in value Remember this only happens if the Project has a lot of support one dollar Will not turn into a hundred dollars on Every top project but it does happen the Donations work on a sliding scale Diagram how much has been donated by Other contributors and how much you are Donating Foreign [Applause]
[Applause] [Applause] Crypto Builder you can also take Advantage of this opportunity for Funding if you have a world-changing Idea you can throw your hat in the ring During a get coin round and see if the Community will fund you who knows maybe You have the next unit swap on your Hands if you're subscribed to our Crucial crypto newsletter you would have Already gotten a full breakdown of how To approach a git coin as a builder Don't worry I still got some Alpha for You here but don't forget to check out Crucial crypto by visiting crucial Crypto.io Next we're going to delve deeper into The get coin passport a recent web 3 Product developed by the get coin team The good coin password is an identity Verification application that allows Users to build personal ledgers of Verifiable credentials about themselves This includes collecting stamps from Different authenticators around both web 2 and web 3 spaces such as bright ID Prove Humanity in other words it allows You to develop a reputation timeline of The applications that you use to prove That you're a human user crittle users Will love this ID system because they Can verify you as a human without the Need to collect personally identifiable
Information the main goal here is civil Resistance which means that the system Is resistant to people with Bots who try To pretend to be different people this Is especially important when it comes to Airdrops because there have been a ton Of problems with airdrops being farmed By Bots within dump on the entire Community or even worse holder tokens in An attempt to control the governance of The project these days teams Distributing airdrops want to be sure That they're giving their tokens to real Users not Bots There's more something like the get coin Passport can become incredibly useful Especially in the crypto world where Nobody wants to share their government Name this has led to some speculation Having a Bitcoin passport might earn you Extra points or airdrops from certain Projects in the past we've seen numerous Instances where get coin donors have Received additional rewards during Airdrops so it's a reasonable Theory now If you're looking to maximize your Opportunities with airdrops getting a Get coin passport could be a beneficial Move not only does it validate your Identity but if the rumors are true it Could also improve your chances of Earning more from airdrops now speaking Of airdrops enjoy doing one get coin air Dropped its own GTC token to early users
Of its platform who donated to web3 Projects GTC is a governance token that Powers to get coined out the price of That token was extremely volatile after The additional launch and hit as high as 20 bucks at one point but this was During the Wild Bull Run of 2021 when Everything was having a blow off top for The past year it has been trading Between one and two dollars looking more Like a stable coin than a crypto Governance token now if you like these In-depth reviews make sure to smash that Like button and subscribe to the channel That's all I got be blessed Thank you [Applause] [Applause] Foreign [Music]