Gitcoin Teams Up With ETCLabs for Crypto Bounty Payments in ETC

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Crypto bounty payment platform Gitcoin announced it has enabled contributor payouts in Ethereum Classic (ETC).

In partnership with Ethereum Classic Labs, bounty seekers now have the option to receive pay in ETC for their work on various open-sourced projects, Ethereum Classic Labs said in a March 16 announcement. 

The announcement was not clear on whether bounty hunters can receive pay in ETC for all projects going forward, or just as payment for work on the Ethereum Classic ecosystem. 

Cointelegraph reached out to Ethereum Classic Labs for clarity and will update this article accordingly upon receipt of a response. 

Kicking off compatibility during a hackathon

Gitcoin serves as an Ethereum-based platform on which developers can work in a freelance capacity, earning bounties for their work. 

The announcement noted Gitcoin’s ETC payment option launched at Gitcoin’s DeFi Hackathon event, called Funding the Future, which began on March 16 and will last until March 30. 

“We’re thrilled to bring our suite of tools to the ETC community with native ETC support,” Gitcoin founder and CEO Kevin Owocki said in the announcement, adding:

“This technical interoperability matches the already present cultural interoperability between the projects. This integration is a step forward towards Growing Open Source and creating more economic opportunity for hackers in both communities.”

Listing upcoming bounties

A result of the collaboration, Ethereum Classic Labs unveiled several bounties for Gitcoin’s Hackathon event.

Named Share the Love of Ethereum Classic, Create a DIY Hardware Wallet Using Signatory, and EVM LLVM Implement, the bounties pay out $300, $500 and $1,500 respectively. 

Ethereum Classic Labs also partnered with distributed network consensus outfit Fantom Foundation in February, working as collateral against the foundation’s stablecoin.


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