GIFTO (GTO)

Nov 21, 2018 at 23:28

GIFTO is a blockchain-based social gifting/social reward system that allows people to send virtual gifts to their favorite social content creators based on smart contracts. 

GTO is the official token of the GIFTO platform. The cryptocurrency gives the virtual gifts their monetary value. GTO is an ERC-20 token that was first launched in December 2017 at $0.10 per token and reached an all-time high of $0.9002 in January 2018.

The GIFTO platform was developed with four main audience groups in mind: 

  • Content creators. GIFTO offers a more effective, more engaging social media rewards system for original content creators to reach their fans. 

  • Gamers. GIFTOMON, which they market as “The First Mobile Social Crypto Game,” is a blockchain-based game on Telegram which lets users collect, battle, mine and sell monsters. The game uses and accepts GTO and ETH tokens for payment. 

  • Charities. GIFTO partners with mobile live streaming service Uplive to allow users to run live campaigns and pledge their donations on blockchain. 

  • Commerce. GIFTO makes the digital distribution of real-world gifts by different brands possible. 

The platform makes it easy for users to create gifts suited to each user/brand’s needs (Gift Portal); create a virtual asset corresponding to each gift through self-executing smart contracts (Gift, GIFTO’s Virtual Smart Gift); store gifts, whether you’re a fan or a content creator (Gift Inventory); and buy gifts from content creators (Gift Store). Gifts can be bought and sold using GTO tokens, which can be stored in the GIFTO wallet. 

GIFTO rewards all stakeholders when a fan buys a virtual gift through the platform. The monetization of content is what the platform uses as an incentive for more users to participate. Original content creators will earn up to 80% as the main contributors, while the gift creators get 5% (if an established IP is used); gift curators earn 2% for reviewing the gift created; GIFTO protocol gets 10% for maintenance and operational support; and the remaining 3% will go into a rewards pool used for bonus payouts for fans/viewers or for gamification activities such as lucky draws. 

According to the website, GTO tokens cannot be directly converted to fiat currency. However, it can be traded to other currencies using a user’s Ethereum wallet, after which the traded currency can be exchanged for fiat. 

GIFTO is developed by the Asia Innovations Group, which is the same group behind Uplive, a live streaming service for mobile launched in June 2016 and with a global user base of 20 million. 

Where to buy?

You can buy GIFTO tokens (GTO) on crypto exchanges such as Binance, Bithumb, Bittrex, Bibox, OKEx, Coinnest, and more.

Is it mineable?

GTO will have a total supply of 1,000,000,000 tokens, with a current circulating supply of 531,819,169 tokens.