Gitcoin to Extend QF Rounds

Gitcoin has announced an extension of the submission deadline for the Avalanche Foundation and Gitcoin Quadratic Funding (QF) rounds. Builders now have until February 25th to submit their projects and potentially secure a portion of the 14,000 AVAX funding available. Refer to the official tweet by GTC: Good news, builders - we’re giving you an extra week to submit your project for the x Gitcoin QF rounds!📅 New Application Deadline: Feb 25Take advantage of 14K AVAX in funding and build the next big thing in DeFi & Gaming on Avalanche!Don’t miss out - apply… GTC InfoGitcoin 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.