Gitcoin’s Public Goods Network (PGN) is set to shut down, with the final withdrawal deadline marked for April 20, 2026, at 14:00 UTC. This announcement comes after a governance vote determined the closure of PGN, urging users to act swiftly to secure their funds.

Understanding Gitcoin and PGN

Gitcoin is an innovative platform that connects developers and open-source contributors with funding sources. It aims to foster the growth and development of open-source software through a variety of tools and initiatives.

The platform offers bounties, virtual hackathons, and rewards for various project contributions. One of its standout features is the quadratic funding grants, which allocate funds based on both the total donation amount and the number of contributors, ensuring a fair distribution of resources.

Action Required Before April 20

Users with funds in the Public Goods Network need to act before the April 20 deadline to withdraw their assets. Any funds left unclaimed will be transferred to the Gitcoin Foundation treasury as per the governance vote decision. This move is crucial for users to avoid losing their investments.

How to Withdraw Funds

To withdraw your funds, log into your Gitcoin account and navigate to the PGN section. Follow the instructions provided to ensure a seamless transfer of your assets.

The Role of GTC Tokens

GTC, the native token of Gitcoin, plays a vital role in the platform’s ecosystem. Token holders can participate in governance, influence project support, and propose platform changes. Additionally, GTC tokens are used to reward community members who actively contribute to Gitcoin’s growth.

This tokenomics model encourages active participation and community-driven development, aligning with Gitcoin’s mission to support open-source projects.

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