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.
