Gifto is one of the first application tokens unveiled in 2017. Launched on the Binance launchpad, it has since released many innovations, including the largest crypto wallet for mass market use, the most active user blockchain game, and other mass consumer applications. Gifto was born out of the idea to bring the virtual gifting movement of centralized platforms to everyone on every social media platform through a link and the Gifto Wallet.
Universal Gifting was conceived as an open platform that helps content creators get better compensated for their creative efforts while forming stronger ties with their audience beyond the walled gardens of social media. The idea was inspired by social media platforms. Gifto’s vision has been to make the value exchange between content creator and fan universal by freeing it from a single, centrally-controlled platform, such as YouTube.
Also, Universal Gifting had a focus on content creators and their fans and would exclusively work with GTO only. Through the new infrastructure upgrade, Gifto will become a truly Universal Gifting Platform (UGP) defined by four core design principles:
- Universal Token Support
- Universal Platform Support
- De-centralized Universal Token Support
In Gifto, all tokens, including BTC, BNB, ETH, stablecoin, etc., can be used to create, send, and redeem gifts, not just GTO.
The new Universal Gifting Platform comprises the Gifto Wallet and the Gifto Blockchain and is powered by the Gifto Token. The Gifto Wallet allows users to gift all the major tokens, like BTC, BNB, ETH, stablecoins, and GTO via social media, and instantly create unique virtual gifts on the Gifto Chain through Gifto wallet apps/bots. These Gifto Chain tokens are associated with wallet holders’ social media IDs, and ownership of public tokens can be determined by 3rd-party developers for usage in their apps.
The Gifto Blockchain processes all token transactions and tracks rewards for ecosystem participants. It employs Delegated Proof-of-Stake to ensure rapid, secure, and transparent processing. The Gifto Token (GTO) powers and incentivizes participation in the ecosystem together with the Gifto stablecoin in a dual-token liquidity structure. Users can stake GTO to unlock ecosystem privileges such as gifters and nodes.
The Gifto Wallet
The Gifto Wallet is the heart of the ecosystem. Over the past 1.5 years, we have developed the wallet into one of the most headache-free gateways to access and use crypto for mass consumers.
Gifto Wallet works across platforms and is already available on a mobile app, Web, and partner apps. We are now expanding it to support Telegram, and other messaging platforms, Android, and iOS. This provides easy access for new users without experience in trading cryptocurrencies or exchange accounts.
Aside from listed tokens Gifto Wallet also supports blockchain gifts that reside on the Gifto Chain. Users can create their blockchain gifts, discover other blockchain gifts, and share them with their community and friends all through the Gifto Wallet. This exposes Gifto Chain gifts to the billions of people who are already sharing memes and e-cards on large messaging platforms, and eventually, the Gifto Wallet enables them to buy such gifts directly.
Who are the founders of Gifto (GTO)?
The founder and CEO of Gifto is Andy Tian.
What is Gifto (GTO) used for?
Thanks to the Gifto Blockchain, content creators including in the ecosystem will be able to easily create their crypto gifts, digital artwork, and memorabilia that represent their brand, and share it with their community without being bottlenecked by having or not having crypto.
The blockchain can also reward the creator with a fee on every future transaction or use case, making sure that creators get rewarded for each mile their art travels.
Projects will be able to create and share crypto gifts with their communities through the Gifto Gift Creator, which will be available on the web, in apps, and as a bot for many social media and IM platforms, starting with Telegram.
How is Gifto (GTO) unique?
Gifto has launched a variety of social, gaming, and gifting products to grow the usage of the Gifto token. The team also launched Coinup, a crypto community-focused live-streaming platform that provides a dedicated virtual gifting experience for crypto communities and is also powered by the Gifto token. Since its launch, several crypto projects such as EliteMining, Original Protocol, and CryptoMonday have used Coinup to interact with their communities.
Gifto’s utility also went beyond virtual gifts and gaming. In Dec 2018, they launched the Gifto e-commerce store providing users in 21 countries with a catalog of exciting products and gift vouchers to purchase directly with their Gifto, from the Gifto Wallet. Their several Gifto ecosystems, product launches, and major wallet upgrades impacted their current development for the Universal Gifting platform.
Since 2018 they have made progress on all fronts — improving awareness, access, and usage of the Gifto token. Going forward they are wrapping these together to launch a holistic and concerted effort to accelerate the universal gifting vision. Combined with an exciting.
How many Gifto (GTO) coins are in circulation?
Gifto has a circulating supply of 999,271,532 GTO coins.
How is Gifto Network secured?
The Gifto Ecosystem architecture also includes a publically-run blockchain tailored to the creation and exchange of all tokens and virtual gifts. The Gifto Blockchain utilizes a Delegated Proof-of-Stake (DPOS) consensus algorithm for fast, secure, and transparent transaction processing. It will record all transactions and virtual gift creation events transparently while ensuring that those who run and grow the network are rewarded fairly.
How do I buy Gifto (GTO)?
The Gifto token can be used for a wide range of uses, like staking and payments.
Gifto tokens can be easily purchased by the following steps.
* Open an account with the crypto trading platform.
* Transfer the specific amount of your fiat currency to your account.
* Wait for your deposit to be confirmed and buy Gifto through your trading account.
Which Cryptocurrency Wallet Supports Gifto (GTO)?
The PTPWallet platform supports many cryptocurrencies simultaneously, such as Gifto (GTO). Because of its vast use case, it has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. Users can easily use PTPWallet as their GTO wallet because it offers a simple interactive interface, making it easy for people to navigate its system.