Gitcoin (CRYPTO:GTC) is a platform that facilitates community-led funding for open-source software and digital public goods. It is powered by the Gitcoin token, GTC, which is used to incentivize participation in the platform and to reward contributors. Gitcoin has supported the funding of over 3,700 projects and has distributed over $50 million in funding. Gitcoin's flagship product is Gitcoin Grants, a quarterly grants program that uses quadratic funding to distribute funds to open-source projects. Quadratic funding is a type of funding mechanism that rewards projects with more funding the more people who support them, and it is designed to reduce the influence of large donors. Gitcoin is also developing a number of other products and protocols, including Allo, a suite of tools for managing grants programs, and Passport, a Sybil defense tool that helps to protect communities from bots and bad actors.