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Gifto is excited to announce the upcoming token swap from GTO to GFT, a new token on the BNB Chain, with a 1:1 ratio swap from GTO to GFT. The total circulating supply, which is equal to the total supply as of today, will remain the same at the time of the swap at 1 billion tokens.
The GFT token launch will enable to expand the Gifto ecosystem through the introduction of the centrepiece of the product line-up: the first-ever Web3 wallet on the BNB Chain, allowing Gifto holders to store their GFT, fav tokens and NFTs.
At its core, Gifto’s mission is to provide a way for holders to gift blockchain presents such as tokens, community prizes and NFTs in the form of e-cards, PFPs, generative art, red envelopes, among others.
The Gifto Store will be the decentralised venue for content creators and fans to monetise their NFT art and other gifts, allowing users to give them away to their loved ones.
Additionally, Gifto has many novelties to roll out such as metaverse gifting, red packets for Twitter, a multi-task earning Telegram bot that rewards users for completing tasks oriented to crypto communities and KOLs and a batch distribution system for NFT gifting.
While we will be working hard to bring these innovations to life and had originally planned for some to be developed within 2023, we understand that certain factors may hinge upon unforeseen circumstances that may require the Gifto dev team to adjust our product release schedule. Despite any possible readjustments, the Gifto Web3 wallet and Gifto Store will remain our main priorities for 2023.
Q1 2023
Q2 2023
Q3 2023
Q4 2023
Early 2024
GIFTO main page
GIFTO investors
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
Opportunities:
GIFTO is the first Binance Launchpad project whereby Binance provides crowdsale services that ensures safety, fairness, and transparency.
GTO tokens will have adoption quickly by leveraging the Uplive platform.
The project has a strong team with proven track record in relevant industry.
Virtual gifts can be integrated with apps outside of Uplive, such as Facebook, YouTube, and Instagram. This can dramatically expand the usage of GTO tokens.
The white paper is detailed and explains clearly the GIFTO protocol and Uplive. This shows the thoughts that the team has put into the GIFTO protocol and that the token model makes sense.
Concerns:
Other giant tech companies such as YouTube also allow viewers to pay content creators during live stream, so GIFTO will in a way compete with those companies.
Only 30% of the tokens are being sold to ICO participants, with another 30% of the tokens being used to power the GIFTO ecosystem. Therefore, the project will have moderate inflation in the years going forward.
Conclusion:
Overall, we are positive about the short- and long-term potential of this ICO. Our thoughts of the tokens for short term and long term are as follows:
For short-term holding
Good. With only $10 million remaining for the ICO and the high market awareness, the project should be able to sell out with unmet demand. Presale investors received up to 10% bonus which is reasonable.
For long-term holding
Good. Uplive has proved that there is a large demand in multiple countries for its virtual gifts. The transition to GTO tokens makes sense and would improve the business model. We believe the project has a high chance of success with large potential.
