What is Gitcoin?

Gitcoin is a decentralized platform that funds open-source software and public goods across the Web3 ecosystem. It connects developers, communities, and funders through grants, hackathons, and bounties that encourage open collaboration. The platform’s quadratic funding model matches community contributions with larger funding pools, promoting broader participation and equitable resource distribution.

What is GTC?

The native token of the platform, GTC, is an ERC-20 governance token on Ethereum used to vote on protocol decisions, manage DAO operations, and participate in identity staking through Gitcoin Passport. Holders help shape the direction of Gitcoin’s grants programs, treasury allocations, and platform development. The token has a maximum supply of 100 million GTC, with approximately 96.83 million tokens in circulation at the time of this publication.

Risk Statement

Before trading any crypto assets it is important to understand the risks. This overview is a starting point for you to perform your own research prior to investing in a crypto asset. 

No securities regulatory authority or regulator in Canada has evaluated or endorsed the Crypto Contracts or any of the crypto assets made available through the platform. 

Wealthsimple has performed an assessment of whether GTC can be supported by Wealthsimple’s platform, including whether GTC is a security and/or a derivative and is being offered in compliance with securities and derivatives laws.

We evaluated GTC based on publicly available information, including (but not limited to):

• The creation, governance, usage and design of GTC, including the source code, security and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that first created GTC;
• The supply, demand, maturity, utility and liquidity of GTC;
• Material technical risks associated with GTC, including any code defects, security breaches and other threats concerning GTC and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them;
• Legal and regulatory risks associated with GTC, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of GTC; and
• Statements made by regulators or securities regulatory authorities in Canada and other jurisdiction regarding whether GTC, or generally about whether the type of crypto asset, is a security and/or a derivative.

Wealthsimple monitors ongoing developments related to crypto assets available on its platform for significant changes that may affect Wealthsimple’s original assessment of those assets, including Wealthsimple’s assessment of the application of securities and derivatives laws. Any significant changes relating to GTC may result in changes to this Crypto Asset Statement and/or Wealthsimple’s ability to support GTC.

Like all other crypto assets, there are some general risks to investing in GTC. These include short history risk, volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk, electronic trading risk and cyber security risk. Please review the Wealthsimple Crypto Product Risk Disclosure for additional discussion of general risks associated with the crypto assets made available through the platform.

We emphasize that this Crypto Asset Statement is not exhaustive of all risks associated with trading GTC. Investors should perform their own assessment to determine the appropriate level of risk for their personal circumstances.

Wealthsimple is offering Crypto Contracts in reliance on a prospectus exemption contained in the exemptive relief decision Re Wealthsimple Investments Inc. dated December 18, 2023 (the Decision). 

The statutory rights of action for damages and rescission in section 130.1 of the Securities Act (Ontario), and, if applicable, similar statutory rights under securities legislation of other jurisdictions of Canada, do not apply in respect of this Crypto Asset Statement to the extent a Crypto Contract is distributed under the prospectus relief in the Decision.

Last updated: October 20, 2025