How GIFTO Works and GTO’s Price Prediction
Gifto is a futuristic platform for making instant payments in the form of virtual gifts. These gifts have monetary value and serve as payments to online content creators executed through smart contracts on the Ethereum Blockchain.
This platform is the brainchild of the Asian Innovations group Ltd. At the moment, Andy Tian serves as the CEO of Gifto. He is a versatile innovator having previously co-founded AIG itself and co-founded one of the earliest social App companies called XPD media in 2008. Accordingly, it is fair to say that it is in great hands now that Uplive is live attracting 60 million users and generating $200 million in revenue to date. What's more, the app is available for download from Android, iOS as well as from the web.
How Gifto work?
- Gift Creation
According to the Gifto website, the gift creators have to be visual artists. However, it could be anyone since the process is simply the design of images or animations.
- Gift Curation
This process involves reviewing gifts to ensure requisite quality and appropriateness. Moreover, curators ensure they prevent potential legal issues such as intellectual property and copyright violations. At the end of it content is categorized in the appropriate pricing point.
- GIFTO Gift Giving Process
Beforehand, a user acquires Gifto tokens and stores them in their wallet. Next, they use the tokens to purchase virtual gifts. Platforms like Uplive conveniently facilitate the giving of gifts to content creators. The creator decides what to do with the gift; either convert to Gifto and then fiat or keep it in their inventory.
Additionally, creators can make a ‘wish-list’ of desired gifts to be better served. The content creator gets 80 percent of the revenue, the gifted creator 5 percent, 10 percent to the protocol and 2 and 3 percent to the gift curator and reward pool respectively.
The ICO took place in Dec 2017 with crowd-sale commencing on the Dec 14. The targeted hard cap was $30 million with the contributors owning 30 percent of the total token supply. The standard ERC-20 token was the accepted currency for the ICO. All in all, it was a successful ICO and was vital to giving life to this project.
Gifto (GTO) Price prediction
The fall of crypto prices in 2018 was fast, hard and damaging. Like we always say, portending future prices is arduous and full of challenges. This is mostly because an altcoin like GTO depends on the performance of base coins as ETH or BTC. The latter were wrecked and their declines magnified losses of GTO across different exchanges.
From the look of things, the trend has been unidirectional and at spot prices, 2.4 cents, GTO is trading more than 100 percent from 2017 peaks of $1.06 according to data streams from Binance. With UpLive, we may see additional demand but with fierce, average performance would exert more sell pressure as GTO print new lows.
If anything, we remain modest in our Gifto price prediction and depending on the performance of BTC and ETH, GTO may test 8 cents by end of Q1 2019.
In conclusion, Gifto is a dynamic platform that can enhance your online experience. The future will definitely be interesting.