GIFTO is a protocol that allows the creation and customization of virtual gifts for content creators.
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What does the company/project do?
GIFTO is a protocol that allows the creation and customization of virtual gifts for content creators. Virtual gifts can be purchased using GIFTO tokens, which are sent by viewers/fans to content creators on all of the major social networks including Facebook, Instagram, and Youtube.
Asia Innovations Group (AIG), the company behind GIFTO, has been building a live stream content creation platform, Uplive, for the past two years. Uplive will be the first application that utilizes the GIFTO protocol.
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What are the tokens used for and how can token holders make money?
GIFTO tokens will be the main transactional currency in GIFTO Protocol and will be used in the following ways:
1. Virtual gifts: Community members can use GIFTO Tokens to buy and redeem virtual gifts;
2. Incentivizing the community: Participants can earn GIFTO Tokens by performing a service in the ecosystem, for example, creating a virtual gift or curating virtual gifts.
As the supply of GIFTO tokens to is set to be one billion and will not increase, the more activities and transactions the GIFTO protocol has, the more valuable GIFTO tokens should become.
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Opportunities
– GIFTO is the first Binance Launchpad project whereby Binance provides crowdsale services that ensures safety, fairness, and transparency. Therefore, it has passed the due diligence of Binance and should be able to list on the exchange soon after tokens are tradable.
– GIFTO tokens will have adoption quickly by leveraging the Uplive platform.
– The project has a strong team with proven track record in relevant industry.
– AIG has received multiple rounds of funding from institutional investors, meaning that the company has passed the scrutiny of those professional investors.
– Virtual gifts can be integrated with apps outside of Uplive, such as Facebook, YouTube, and Instagram. This can dramatically expand the usage of GIFTO 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.
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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.
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Disclaimer
The information in this video is for educational purposes only and is not investment advice. Please do your own research before making any investment decisions. Cryptocurrency investments are volatile and high risk in nature. Don’t invest more than what you can afford to lose. Crush Crypto makes no representations, warranties, or assurances as to the accuracy, currency or completeness of the content contained in this video or any sites linked to or from this video.
