GTC, or Gitcoin, is a cryptocurrency that is designed to incentivize open-source software development. The Gitcoin platform allows developers to earn GTC by contributing to open-source projects, and also allows project owners to fund their projects with GTC. This creates a mutually beneficial ecosystem where developers are rewarded for their contributions, and project owners can get the support they need to build and maintain their projects.

One of the key benefits of GTC is that it helps to promote collaboration and innovation in the open-source community. By providing a financial incentive for developers to contribute to projects, GTC encourages more people to get involved and share their skills and knowledge. This can lead to faster development cycles, higher-quality code, and more robust and reliable software. Additionally, because GTC is a decentralized cryptocurrency, it is not subject to the same restrictions and regulations as traditional currencies, which can make it easier for developers and project owners to work together across borders and jurisdictions.