Gitcoin incentivizes open-source development through rewards and grants, using a quadratic funding mechanism for fair fund allocation. Governance is driven by the Gitcoin Token (GTC), allowing holders to participate in voting and governance decisions. With a total token supply of 100 million, GTC holders can stake tokens to gain increased voting power through vGTC. Gitcoin has raised $11.8M across two funding rounds to support its initiatives.
Moonwell is an open and decentralized lending and borrowing protocol. Onchain financial tools like decentralized lending and borrowing can empower people and act as stepping stones to new opportunities.
Friend.tech is a decentralized social platform that integrates social engagement with financial markets. It allows investment in influencers' "shares" for exclusive access to chat rooms, transforming crypto trading into a social experience. The platform, which tokenizes individuals' social presence, has introduced a points system that may translate into tokens, incentivizing positive behavior. Governance is centralized, managed by the Friend Tech team. It had seen significant activity, with transactions worth approximately $57.1 million, indicating a strong market presence and user growth.
