Gitcoin unveils the next round of its Quadratic Funding Program

IconCrypto News Terminal23 Apr, 2024

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Gitcoin unveils the next round of its Quadratic Funding Program

Gitcoin has unveiled the next round of its Quadratic Funding Program (QFP), a unique grant program that allows donors to amplify the impact of their contributions using matching funds from a shared pool. The current round, QF7, offers a total of US$1.4 million in matching funds. This program is designed to support open-source projects and public goods by empowering communities to collectively fund projects that align with their values. QF7 will run from September 21st to October 12th, 2023. During this period, projects can submit proposals for funding and donors can contribute to the matching pool in ETH or GTC, Gitcoin's governance token. Key features of QF7 include: - Matching funds from a shared pool - Quadratic funding mechanism amplifying donor impact - Option to contribute in ETH or GTC - Funding period from September 21st to October 12th, 2023 Those looking to learn more or participate can visit Gitcoin's official website.

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