GATCOIN: THE NEXT BIG THING

 In the block chain revolution, the point-related business that can be applied to the block chain is to pay royalties within a limited community, to make it a basic trust point, or to make it a monetary unit. For example, using a Shinhan card is equivalent to giving a certain percentage of the amount of money to use. However, the point is only available when using Shinhan cards and the range of usage is not wide. In that sense, GatCoin is primarily trying to give liquidity to these points. It is the service that many people want to give points liquidity. If the points provided by each provider are not used in the business, it is very advantageous for the person who issues the points. The point is to give the trust points in the community liquidity to their service goals. I used to analyze banker in the past, but it seems to be quite similar to banker. 

 Concept 

Gatcoin plans to modify and upgrade the way the retailers deal with the Loyalty Programs. The main feature which the project offers is the “A-Drop” which is a fantastic innovation- it drops points directly to the customer’s mobile.How it works is — retailers issue their branded tokens and notify the customers on their mobile devices that they have received their digital tokens for making a transaction with them. In case customers accept this, the tokens are airdropped to them. On the other hand, customers can also use the Gatcoin app to effectively manage several loyalty points and rewards which they received from multiple retailers. They can convert these rewards to digital tokens and then spend them for products or trade them on Gatcoin network.SK Planet Japan, one of the largest conglomerates in Asia, will deploy Gatcoin in its retail network of over 60,000 stores and 21 brands. Gatcoins will be used to redeem gifts at household franchises in Japan, such as Krispy Kreme, Burger King and Lawsons. Read more here.Overall, Gatcoin wants to solve the problem of having multiple rewards and loyalty points. The platform provides liquid, tradable, retail shopping incentives to the customers.

Team 

Talking about the team, Gatcoin has managed to form a team of Blockchain experts, Tech enthusiasts, Swiss bankers, and cryptocurrency & Blockchain investors.The main architect of Gatcoin is its founder — Simon Cheong. He is a Blockchain entrepreneur and former World Bank lawyer and also the inventor of Gatcoin’s patent-pending Targeted A-DropTM technology.Gatcoin consists of Samson Lee who is a co-founder of Ethereum organization for South China and South Asia, Derek Kwik — a tech leader involved with nearly every incubator/co-working space in Hong Kong, Ross Stokes who is a cryptocurrency and blockchain investor and serial entrepreneur, Michael Blake — Chief Executive of one of Switzerland’s largest and most entrepreneurial family-owned private banks, Edward Sit — Veteran in the commodity field, currently with the Market Development of The Hong Kong Exchange and Clearing Ltd (HKEX). The technical team includes programmers, retail web developers, token program designers and graphic illustrators.

Competition

Some of the competitors of Gatcoin might be SandBlock — which is developing a decentralized protocol to connect all the merchants with the customers. Incentloyalty is also building a plug-in which allows us to build and manage a powerful loyalty reward program from within the existing platform.If we look at the competition, Gatcoin has two main success factors —

 The “A-Drop technology” and “Fast transaction speed”. 

The airdrop technology is a wonderful innovation but is very difficult to replicate. Currently, none of the competitors are using this technology, therefore, Gatcoin has an advantage over its competitors. Additionally, to airdrop tokens to vast number of customers, transaction speed hugely matters. Gatcoin has reported that they are in the process of designing a proprietary, blockchain servers that are matching speeds seen by other major financial service providers. 

With these two factors, Gatcoin already has an edge over its likely competitors.Gatcoin has been highlighting continuously how difficult it is to carry numerous discount coupons. Even their intro video shows the same difficulty which people face by reward coupons. This is the perfect strategy to make people realise the efficiency of Gatcoin project. Their presence on all social media channels, cryptocurrency related platforms and brief and clear videos on the project concept are enough to make customers understand.

Gatcoin is a very potential game changer when it comes to the amusing world of retail. It has the power to bring some real disruption in the world.The immaturity of the Ethereum network is one of the primary risks. According to the given situations and the long-standing conditions, Ethereum’s mainstream problems are one of the issues at the front end.After the Token Sale, Gatcoin aims to further expand in a step by step manner which is a great strategy to expand globally. It plans to develop in Asia and America first, followed by EU and then global expansion. Marketing, sales and technical engineering offices will be developed in these locations. They are targeting to earn the revenue from GAT MarketPlace through Merchant fees, through transaction fees on GAT exchange and engineering and maintenance fees in GAT network. 

AIM AND OBJECTIVE

 The services they provide are primarily bankers. It was their goal to make the bankers use the available tokens in the community to pay for liquidity. Likewise, the community tries to provide liquidity. If this is the case, their service will be limited. But besides this, they are aiming to make the points of the operators already in business possible to trade, and each point will be changed to each gatcoin. In fact, the second largest business is their core service. The first is that there is a disadvantage that the business is already proceeding, and the profit and versatility that can be obtained from the second is large and its application target is clear. In addition, the possibility of such a business expansion is enough to bring about a big profit even if only one global company is affiliated. 

Just this problem wants to solve the project GATcoin . To do this, they created a platform that would introduce trade tokens in return for discount coupons to which we are accustomed. Manufacturers will be able to produce digital tokens, which are programs of discounts and loyalty. There are several types of tokens that will be in circulation within the ecosystem of the GATcoinplatform :

1. Discount tokens are a substitute for coupons to receive a fixed discount when buying goods or services,
2. Gift tokens are used as gift certificates for a certain amount for the purchase of goods,
3. Tokens for travel , which can be used for payment in online shops of other countries,
4. Loyalty tokens , like loyalty points for bonuses,
5. Cash coins that you can spend on buying a variety of goods.

 ICO started on October 28, 2017 and its still on. Grab you own now. The company has issued for sale 200,000,000 GAT tokens of ERC20 standard. At the moment, for 1 ETH you can buy 17 760 GAT.

Project Links Website | ANN | Telegram | Twitter | Whitepaper

Author of the article: https://bitcointalk.org/index.php?action=profile;u=1082634