Gitcoin Program Beta Round donation event: Everything you need to know

On April 24th, according to official sources, Gitcoin is about to open the Gitcoin Program Beta Round donation event from April 25th to May 9th. The official reminds users to first check if the Gitcoin Passport is the latest version, and the official will reset the Passport every 90 days to ensure that their eligibility is the latest. In order to participate in the new Gitcoin donation event, users must collect stamps again before the event goes live on April 25th.

Gitcoin’s new round of donation activities will start on April 25th

If you’re a cryptocurrency enthusiast, you must have heard of Gitcoin, a decentralized platform that allows developers to earn cryptocurrency for their open-source contributions. Gitcoin has been gaining traction since its launch, and now, they are taking things a notch higher with the Gitcoin Program Beta Round donation event.
According to official sources, the Gitcoin Program Beta Round donation event will run from April 25th to May 9th. In this article, we’ll take a detailed look at this event, what it entails, and how you can participate.

What is the Gitcoin Program Beta Round donation event?

The Gitcoin Program Beta Round donation event is a fundraising initiative aimed at supporting the development of open-source projects on the Gitcoin platform. At the event, users will be able to donate cryptocurrency to fund projects that they find worthy of support.
The Gitcoin Program Beta Round donation event is unique in that it uses quadratic funding to distribute the donations. This means that projects that receive a lot of funding from a large number of users are more likely to get matched funding from the event’s pool of funds. Therefore, the event encourages a more decentralized and democratic way of funding open-source projects.

How to participate in the Gitcoin Program Beta Round donation event

Before participating in the Gitcoin Program Beta Round donation event, users must ensure that they have the latest version of the Gitcoin Passport. This is because the official will reset the Passport every 90 days to ensure that users’ eligibility is up-to-date.
Users must also collect stamps prior to the event’s start on April 25th. These stamps are earned by completing tasks, and they determine the user’s eligibility to participate in the donation event. The more stamps a user collects, the more eligible they become to participate and earn matching funds from the event’s pool.

How to collect stamps on Gitcoin

Here are some ways to collect stamps on Gitcoin:

1. Complete tasks on the Gitcoin platform

There are several tasks available on the Gitcoin platform that users can complete to earn stamps. These tasks include:
– Opening a Gitcoin Grant
– Contributing to a Gitcoin Grant
– Joining a Gitcoin Hackathon
– Participating in a Gitcoin Quest
For each of these tasks completed, users earn a stamp. Completing multiple tasks earns users more stamps.

2. Sponsor a project on Gitcoin

Users can also sponsor a project on Gitcoin to earn stamps. By sponsoring a project, users contribute to the project’s funding, and in return, they earn stamps. The more a user sponsors a project, the more stamps they earn.

3. Invite friends to Gitcoin

Finally, users can collect stamps by inviting their friends to join Gitcoin. For every friend that joins Gitcoin using their referral link, users earn a stamp.

Conclusion

The Gitcoin Program Beta Round donation event is an exciting initiative that supports the development of open-source projects on the Gitcoin platform. By using quadratic funding, the event encourages a decentralized and democratic way of funding open-source projects.
To participate in the event, users must ensure they have the latest Gitcoin Passport and collect stamps by completing tasks, sponsoring projects, and inviting friends. This is an excellent opportunity for cryptocurrency enthusiasts to support the growth of the open-source community.

FAQs

1. What is Gitcoin?

Gitcoin is a decentralized platform that allows developers to earn cryptocurrency for their open-source contributions.

2. What is quadratic funding?

Quadratic funding is a funding system that determines the popularity of projects based on the number of users that contribute to them. Projects that receive funding from a larger number of users are more likely to get matching funds from the event’s pool.

3. Can I participate in the Gitcoin Program Beta Round donation event if I don’t have any cryptocurrency?

Yes, you can participate in the event even if you don’t have any cryptocurrency. You can earn stamps by completing tasks, sponsoring projects, and inviting friends.