Gitcoin to Deprecate Allo v.1.0 on June 25th

Gitcoin has announced that the Allo v.1.0 will be depreciated on June 25th.

Refer to the official tweet by GTC:

GTC Info

Gitcoin is a platform designed to connect developers and open source contributors with people and organizations willing to fund their work. The goal of the project is to stimulate the creation and development of open source software.

The platform offers a range of tools, including bounties, virtual hackathons, rewards for contributing to certain projects, and quadratic funding grants.

Quadratic funding grants are a system in which the amount of funds allocated to a grant depends not only on the total amount of donations but also on the number of participants who made those donations. This provides a more democratic and fair way of distributing funds.

GTC is the native token of the Gitcoin platform. GTC token holders can use the tokens to participate in voting on proposals on how to use the platform's facilities, what projects to support, and what changes to make to the platform itself. In addition, GTC is used as a means of rewarding community members who contribute to the Gitcoin ecosystem.