🔥 Gate Post Ambassador Exclusive Posting Reward Task Round 4 Is Live!
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Join the Ambassador Task and post daily from June 9 to June 15, get your posts rated, and share a $300 prize pool based on your ratings!
🎁 Reward Details:
S-Level Weekly Ranking Reward
Post every day for 7 days with an overall quality score above 90 to qualify for S-Level.
2 outstanding ambassadors will each receive a $50 trading fee rebate voucher.
A/B-Level Tiered Rewards
Based on the number of posts and their quality, ambassadors will
Gitcoin Co-founder: Grants Lab will close due to lack of a sustainable profit model.
Techub News reports that Gitcoin co-founder Kevin Owocki announced on social media that Gitcoin will close its main software development department, Grants Lab, and bid farewell to some of its outstanding team members. This is one of the toughest decisions since Gitcoin's inception. Key members of Grants Lab have successively left, and the team currently lacks a clear and sustainable profit model, resulting in its financial expenditures exceeding manageable limits.
Therefore, Grants Lab will no longer apply for the budget for the second half of 2025, and the remaining funds will be used to provide severance compensation for affected employees. Gitcoin stated that they will make every effort to support the transition of departing employees in a respectful and caring manner.