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CryptoPotato score

9.1/10

GIFTO

GIFTO Protocol - The Universal Gifting Protocol aims to utilize the above two capabilities of blockchain technology to create a decentralized ecosystem where a community of participants can come together to create, curate, and customize a rich variety of high-quality virtual gifts for global content creators that can be used across different social media platforms such as Youtube / Instagram / Facebook /Linkedin.
Global social media and broadcasting platforms such as YouTube, Instagram, Facebook have allowed anyone to easily create content and build a fanbase of followers and consumers. However, the bulk of revenue generation on such platforms remains heavily dependent on advertising revenue.
GIFTO Tokens would be the currency used to purchase virtual gifts which can be sent to content creators across social media platforms.

Gifto Review and Rating

Gifto Review and Rating
9.1

Team

 9.5/10

Stage of The Project

 9.5/10

Project Potential

 9.5/10

Community

 8.5/10

Token-Use

 9.5/10

Token Sale Terms

 8.5/10

White Paper

 9.5/10

Technology

 8.5/10

Pros

  • Team and Advisory board: In 4 years the AIG startup managed to attract 100M+ users and ~100M USD revenue in 2017. The team has vast experience in the necessary fields (gamifying, social media, blockchain tech). The advisory board is well respected in the crypto community.
  • Product feasibility: The idea is already successful on the UpLive platform- virtual gifts are bought for millions of dollars each month. The Gifto platform will expand initially via UpLive's 60,000 broadcasters that have millions of followers on other social platforms (Facebook/Instagram/YouTube etc).

Cons

  • Token allocation: Advisory/investors/contributors/company allocation is 40% of all tokens which will create an uneven distribution and may allow easy price manipulation in the future (there is a 2 year lockup for the team and 6 months lockup for advisory board).
  • Sale mechanism: The hard cap and the token allocation is fair (30M USD/30% tokens distributed). The cheapest token that will be sold during the private and public sale is with only a 10% discount. The cap was initially 100,000 ETH, when ETH price started to rise, the team decided to peg the hard cap to the USD. This decision is much appreciated.
To The Full Evaluation

Public Sale Ended

14 Dec 2017

Total raised
$32,000,000 / $32,000,000

Token: GIFTO

Token type: Ethereum ERC-20

ICO price: 1 GTO = 0.00014 ETH

Finite token number: 1,000,000,000 GTO

Token Allocation: 30% to the public

Availability: Chinese, USA, and Vietnam Citizens excluded

Status: Working product with 15 - 50 million monthly users

Accepted Currencies: ETH

Community

Twitter

Telegram

Project Links

Website
Github
Facebook
Slack

Team Members

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Co-Founder and CEO Asia Innovations

Andy Tian

CEO

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Charles Thach

Chief Crypto Officer

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William H. Nguyen

Chief Crypto Architect

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Daniel Yeh

CEO of Taiwan

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Minh Thach

GM of AIG Vietnam

Advisory Board

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FenBuShi Capital, Founding Partner

Bo Shen

Investments

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Co-Founder of Kyber Network

Loi Luu

Smart Contracts

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Founder NEO blockchain

Hitters Xu

Structuring

Gifto is led by

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Investors

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Partners

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