Gitcoin Issues Governance Token GCT

Gitcoin announced the issuance of a governance token, GCT, which, according to its official website, is a governance token with no economic value that will be used to manage Gitcoin in the form of a Dao for distributing grants, managing disputes, and managing the Treasury. gitcoin is accelerating its mission to build and fund digital public goods and transition from web2 to web3.
It is said that Gitcoin is designed to be an open source ethereum bounty platform where blockchain projects can find developers in need with a certain payout, extending different modules such as crowdfunding grants, hackathons, social and educational properties as the platform grows.