Why Gitcoin didn’t do a Utility Token ICO
ethereum

It is still early days in the blockchain ecosystem.

We believe that tokens / tokenization are just an early use case of the 'open source financial system'. Being first doesnt mean it's the best.

no token

Gitcoin didn't want to make a utility token.

Gitcoin didn't want to launch with a token before finding product-market fit. We don't think it's the morally right move to raise a bunch of money before having a product; and we don't think it's the right monetization strategy long term.

microscope

There are other options to explore.

There are a number of other options to explore in terms of sustaining Gitcoin, creating a win-win business model, and aligning incentives between dapps and users in web3.

Still have questions about why Gitcoin didn’t launch with a token?

Read More

Some other options we are exploring.

Are you a dapp BUIDLer who wants to consider alternatives before doing an ICO? Here is a shortlist of monetization strategies we are excited about at Gitcoin. Maybe one of them will be a fit for you!

ERC721

 Trading cards on the blockchain. Known as “Non fungible tokens” (NFTs) in the space.

Read More >

ERC948

Subscription services on the blockchain. Known as SAAS to us startup geeks.

Read More >

ERC1081

Standard for Bounties on the blockchain.

Read More >

We are considering a few business models. Want to learn more?

Read More