Continuing the series of articles about Coin and Token Of TechtipsnreviewToday, let’s learn about Gifto (GTO) with us.
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What is Gifto (GTO)?
Gifto (symbol: GTO) is the token of the decentralized gifting platform. Gifto (GTO) is built on Ethereum’s ERC-20 standard, and GTO is also the first token that Binance holds an IEO on Binance Launchpad.
Basic information about Gifto (GTO)
- Ticker: GTO
- Contract: 0xc5bbae50781be1669306b9e001eff57a2957b09d
- Decimal: 18
- Blockchain: Ethereum
- Token Standard: ERC-20
- Token Type: Utility Token
- Total supply: 1,000,000,000,000 GTO
- Circulating supply: 612,679,534 GTO
Token Allocation
With a fixed total supply of 1 billion tokens, Gifto (GTO) will be allocated as follows:
- 30% (300 million GTO) is issued via token sale (aka ICO).
- 25% (250 million GTO) belongs to the company Gifto Limited.
- 15% (150 million GTO) for Advisors, Investors and Contributors.
- 30% (300 million GTO) is for the development of the Gifto ecosystem.
There is not much information about the time to unlock (unlock) tokens of Team, Advisors or Private Investors. Also, what is the rate of capital allocation to activities after the IEO is successful.
Gifto (GTO) exchange rate today
What is Gifto (GTO) used for?
Like other tokens, Gifto (GTO) is designed for use within the Gifto ecosystem.
It has two main purposes:
Virtual gifts
Users can use GTO tokens to buy and redeem virtual gifts.
Incentivizing The Community
Encourage community development through participating in Gifto activities such as gift creation, gift evaluation, content creation, etc.
Gifto Transaction Fee (GTO)
Gifto Transaction Fees (GTO) are mainly transaction fees in the Ethereum network.
Refer to transaction fee calculation: https://ethgasstation.info/
In addition, you will have to pay fees when depositing and withdrawing GTO at exchanges that have allowed GTO trading. Each floor has different fees.
Here, I take the Binance exchange as an example:
- GTO deposit fee: free.
- GTO withdrawal fee: minimum GTO amount is 60 GTO and withdrawal fee is 30 GTO.
How to earn and own Gifto (GTO)
Become a content creator
You must have heard about Streamer jobs on Facebook, right? The way Gifto works is similar.
When you become a Streamer and have fans, they will be able to give you gifts in Gifto.
And of course, you can exchange that gift for GTO at the rate of 80%.
Become a Gift Creator (Creator Gift)
You can create gifts for users (fans) to buy and give to Streamer.
At that time, you will also enjoy 5% of revenue from that.
Buy directly on the exchange
This way is always the fastest, if you are determined to be an investor, you should choose this option.
How is Gifto Mining (GTO)?
You cannot mine Gifto (GTO) like Bitcoin (BTC), Ethereum (ETH) or Ravencoin (RVN).
Because that’s the nature of the token. If you do not understand token and coin how it is different. Watch this video!
Safe Gifto (GTO) storage wallet
Gifto (GTO) is an ERC-20 token, so you can store GTO in Ethereum-enabled wallets such as:
- Hardware wallets: Ledger Nano S, Trezor, Imtoken.
- Soft wallets: Myetherwallet, Mycrypto, Metamask…
In addition, you can use Gifto’s official wallet, Gifto Wallet, to store GTO coins. Besides, you can store GTO on exchanges that have listed GTO coins. However, this way is not recommended because if the floor is hacked, you will lose money.
Gifto Exchange (GTO)
After more than 1 year of operation, Gifto (GTO) has been traded on exchanges with high trading volume such as Binance, Upbit, Okex, Bittrex etc.
With a total trading volume of 20 million USD within 24 hours, it shows that the liquidity of GTO is too good.
In which, GTO is being traded mainly on Okex (70.1%), Binance (11.1%), Kryptono (6%) and Upbit (5.9%).
Gifto Coin Futures (GTO)
It can be said that Gifto (GTO) is the heart of the Gifto ecosystem.
Therefore, the future of GTO depends on how far the Gifto project can develop.
To judge this based on Gifto’s current internal strength:
User
With the application of Gifto on the Uplive platform, Gifto has reached a number of users up to 100 million users. Uplive’s 2017 sales hit $100 million with 25 million giveaways traded every month.
Growth potential
Just imagine, one day Facebook, Twitch.tv, Youtube or other major livestreaming platforms will cooperate with Gifto.
Power
- Developed by Asia Innovations Group (AIG) with many years of experience in the Virtual Gifting industry.
- There are many large investment funds supporting in the back like Pantera Capital, Sigum Capital, KPCB, Ventech etc.
- In addition, Gifto is mentored by Justin Sun (founder of Tronix), Loi Luu (founder of Kyber Network), Hitters Xu (Founder NEO & Nebulas) and some other advisors.
Should you invest in Gifto (GTO)?
Before investing in a token, you should carefully study the information about that token.
And that has been done by me and the Techtipsnreview team. Bringing you the most complete information possible about Gifto (GTO).
From there, you can make your own judgment whether to invest in Gifto (GTO) or not?
Disclaimer: All information contained in this article is for informational purposes only about Gifto (GTO) This should not be considered investment advice. Investment Cryptocurrency is a form of risky investment, only participate with the amount of capital you can lose.
summary
After reading this article, I hope you all know and fully grasp the information about the Gifto (GTO) coin.
Some key points you need to know about GTO:
- Gifto (GTO) is the token used in the Gifto ecosystem.
- The GTO coin is an ERC-20 token that runs on the platform of Ethereum.
- The total supply of Gifto tokens is 1 billion GTO and cannot be mined.
- Gifto (GTO) is the first token to IEO on Binance Launchpad.
If you have any questions about the article, leave a comment at the end of the article. Me and the team Techtipsnreview I will reply to you as soon as possible!
Techtipsnreview Will be very happy to receive your feedback.
Best regards and see you in the next posts!
Source: What is Gifto (GTO)? Complete set of GTO . cryptocurrency
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