$GTO - Gifto's valuation based on its use cases, team, and Korean exposure
Preface: yes, this is speculation. Critique welcome!
Pricing on cpdax.com and binance.com as of Jan. 25, ~12AM GMT-8
It appears that Korea finds high value in Gifto, a gifting system using blockchain to deliver its services. GTO's initial pump during early January to 6500+ sats can be correlated with exposure to the Korean market, as seen in the image above. On January 30th, I believe that Korean exchanges will lift the ban on adding new coins to their own local exchanges and GTO along with other coins (such as ICX) will finally be listed. I believe this coin will be a gift to anyone holding it.
The goal of the Gifto:
To utilize decentralization to allow adoption of Gifto across multiple platforms
Allow smaller content creators to have a more sustainable form of income
Allow content creators to tailor their content towards their audience rather than the advertisers that pay them
Create interaction between content creators and their viewers.
About GTO/Gifto:
Created for/by up.live (~20mil users), which was created by Asia Innovations Group, a huge entertainment company in Asia.
up.live can be compared to webcamming, with a focus on the streamer's personality and talents.
Gifto is named for "gifting", aka donating to a stream. The concept is similar to using PayPal with Twitch.tv, except with cryptocurrency.
Partnered with Nebulas, Binance, and Tronix (I know)
Protocol can be used on multiple existing platforms such as Instagram and YouTube, with alpha testing being rolled out to chosen content creators at the end of January.
Bo Shen is on the board of advisors; Shen is a part of Fenbushi Capital, a VC firm that exclusively deals with cryptocurrency based companies. This firm has invested in coins such as SiaCoin, TenX Pay, and ZCash.
Also on board is Hitters Xu, founder of NEO/Antshares and founder of Nebulas, a company that wants to be the search engine of blockchain.
Utility of the Nebulas/NAS partnership:
"Using Nebulas’ technology, millions of blockchain virtual gifts on the GIFTO network can be categorized and easily searched based on characteristics like: scarcity, value, popularity, etc."
Utility of the Binance partnership:
Volume, visibility and ease of access for Asia-based and international traders alike.
Utility of the Tronix/TRX partnership:
TRX's founder is also the founder of Peiwo, an app that matches users with broadcasters based on their voice and personal interests. This increases the possible userbase that will be using Gifto as a coin.
Also:
Recently listed on Cointiger, a Singaporean based exchange.
Sources cited:
Cryptex, a cryptocurrency based Discord that has knowledgeable individuals to learn from
https://www.reddit.com/r/GIFTO/comments/7su7ov/gifto_will_be_got_listed_on_new_market_in_korea/
https://www.reddit.com/r/GIFTO/comments/7snleo/gifto_got_listed_on_a_new_exchange/
https://medium.com/gifto/gifto-weekly-updates-15-january-2018-ee8fb1a5d6c5
https://medium.com/gifto/gifto-partners-with-nebulas-to-organize-millions-of-blockchain-virtual-gifts-d0e584fedfd9
https://medium.com/@gifto/worlds-leading-crypto-exchange-binance-partners-with-uplive-ae03de5e1352
https://twitter.com/justinsuntron/status/938982727671357440
http://fenbushi.vc/index_en.html
Inception of Gifto's official Korean language telegram
Binance Exchnage is listing many new altcoins.
Binance has the highest marketshare today. Read Binance Exchange Review to know more.
Binance Exchnage is listing many new altcoins.
Binance has the highest marketshare today. Read Binance Exchange Review to know more.
Binance Exchnage is listing many new altcoins.
Binance has the highest marketshare today. Read Binance Exchange Review to know more.