How Gistcoin is all set to disrupt social media aommunities?
Gistcoin is a utility currency for influencers, streamers, artists, musicians, businesses, and content producers from all walks of life that create content on social media and other audio networks. We think that a decentralized token system provides all creators with direct connections to their audience and monetization options, particularly those from marginalized groups. For detailed information about Gistcoin Do read this article. This article will surely help you to understand the overall concept and detail of Gistcoin.
So let's start with some basic points.
What is Gistcoin?
“Gistcoin is a blockchain-enabled Peer-to-Peer decentralized ledger system designed for the gaming and monetization of the rapidly expanding Social Media Industry”.
GistHouse Project
The project behind the Gistcoin Token crowd sale is called Gisthouse which is a cutting-edge audio-based social media platform that's also monetized and gamified through the use of a decentralized token to give long-term answers to key issues in constantly developing social media communities. In this new Audio Conversation environment, GistCoin will be the official medium of exchange.
Objectives of GistHouse Project and Gistcoin Token sale
The following are the main objectives of the GistHouse Project and the Gistcoin Token sale:
Objective # 1- Building of Social media Platform
Creating a next-generation social media platform using a blockchain-based peer-to-peer Gistcoin Token as the primary means of exchange, in which:
• Content Creators will be compensated for building rooms, maintaining clubs, and instructing people on audio-based social media platforms through the Audio Conversation-based Social Media Platform.
• The platform will gamify the use of Audio Social Media platforms by content creators and users by providing various token incentives for certain milestones and activities done by platform users. This is for the opening accounts, for inviting people to the platform, for achieving followership milestones, compensating best content creators, reward best room attendees, etc.
• Users of the Audio Platform will be able to purchase premium material from content providers in exchange for exchangeable tokens.
• All the Content creators can charge the convertible Gistcoin tokens for various premium content to give premium content to platform customers.
Objective # 2
Alongside raising funds for the next-generation Audio Drop-In Conversation GistHouse Platform, which will greatly enhance what consumers currently have with Clubhouse, Twitter Spaces, Green Room, and other social media platforms, we will also position our Gistcoin to be the official cryptocurrency of social media platforms, particularly the emerging Audio Conversation social platforms, by collaborating not only with modern content creators but also with social media platforms themselves.
Objective # 3
To create possibilities for the project supporters to obtain tokens that will provide real benefit in addition to the regular holding and trading activities in the tokens they receive in exchange for their support. The token holders will also be able to use the gistcoin tokens as a method of payment to access VIP programs and pay for items and services supplied by content owners on the GistHouse platform as well as other social media partners companies.
Bullish points for Gistcoin
The following are the Gistcoin initiative's major selling points:
Point # 1. Innovative Solutions
The newly GistHouse App provides unique solutions to significant challenges in the Social Media Industry that have hampered the potential and maximizing of content creators' and platform users' experiences.
Point # 2. Incredible team
Top professionals with years of expertise in managing significant business initiatives and delivering timely and creative solutions to a variety of sectors, like Digital Business, Arts, Business, and Stock Trading, are among the Founders, Executives, and Advisory Boards.
Point # 3. Experienced people
The team is comprised of highly respected and skilled content creators, celebs in business, entertainment, personal development, financing, and stock trading, lifestyle, ideology, religious doctrine, and other fields, as well as a network of partners with content creation skills, social media clout, and community management experience to help us achieve the vision. These individuals will also create GistHouse-only clubs, rooms, and gatherings.
Point # 4. Solid Technical Team in Web development and Cryptocurrency
We've assembled a strong technical team with experience in web development and cryptocurrencies, as well as involvement in many aspects of the cryptocurrency industry, involving mining, token production, trading, and networking with some like-minded people and communities.
__Point # 5. Top Influencers __
The present affiliation and collaboration with Leading Influencers on social media have a combined following of over five hundred thousand followers. We have a solid marketing strategy and a marketing team with the necessary skills to enhance the value and usability of the project. Such top influencers have several social media pages like Facebook, Twitter, Instagram, LinkedIn, and many YouTube Channels and web pages that will be widely used to raise acceptance and knowledge of GistHouse among customers and top content creators around the world, who will see the project as a promising sign that will support everyone on social media.
Gistcoin Initial Stages
The GISTCOIN Tokens crowd sale will be divided into five stages that are mainly depends on time and date. Pricing and bonuses for every stage of the token sale are subject to change depending on market conditions and demands.
Basically, 1 GIST is equal to 0.00001562 ETH which is approximately USD 0.05 and 1 ETH is approximately equal to 64,000 GIST. So the minimum participation in crowd sales is 0.0031 ETH. The Total Softcap and Total Hardcap are approximate ~ 1,500 ETH and ~ 3,000 ETH.
• TOTAL TOKEN ALLOCATION: 500,000,000 GIST
• TOTAL OFFERED IN PRE-ICO: 50,000,000 [10%]
• TOTAL OFFERED FOR ICO CROWDSALE: 200,000,000GIST [40%]
• TOTAL EARMARKED FOR BOUNTIES/AIRDROPS: 27,750,000[5.5%]
• TOTAL FOR PARTNERS AND AFFILIATES: 25,000,000 [5.0%]
• TOTAL RESERVED FOR AIRDROP FOR GITHOUSE BETA LAUNCH: 100,000,000 [20%]
• TOTAL RESERVED FOR FOUNDERS: 85,000,000 [17.00%]
• TOTAL RESERVED FOR GISTHOUSE DEVELOPERS: 12,500,000 [2.50%]
• SPECIAL BONUS FOR PREMIUM BUYERS IN 5 STAGES (MINIMUM PURCHASE]
Requirements for bonus qualifications
➜ For pre sale: September to November 0.031 Eth/$100 50% 2,000 + 1,000 GIST
➜ For Week # 1: December 2021 0.006 Eth/$20 25% 400 +100 = 500 GIST
➜ For Week # 2: Dec 2021 0.006 Eth/$20 20% 400 + 80 = 480 GIST
➜ For Week # 3: Dec 2021 0.006 Eth/$20 15% 400 + 60 = 460 GIST
➜ For Week # 4: Dec 2021 0.006 Eth/420 10% 400 + 40 = 440 GIST
Important points for Gistcoin Offer
◉ Three months just after crowd sale, Bounty Coins are available with a Bounty Buy-Back option at the crowd sale price.
◉ In the general sale, any unsold tokens from the presale will be accessible.
◉ Unsellable tokens from the crowd sale are placed in a pool to be utilized by the platform in the future, such as recruiting talent or forming partnerships with individuals and businesses that may help the firm achieve its objectives.
◉ During private and public sales, Founder tokens are frozen. Then it's spread out over 24 months. After three months, founding members will receive 20percent of their tokens, then 20% after six months, and then 5percent per month for the next 24 months.
◉ Partner Tokens are granted out 50percent in the second month following the ICO and 50% in the sixth month.
Important links:
Website: https://gistcoinico.com/
Whitepaper: https://gistcoin.io/wp-content/uploads/2021/09/GISTCOIN-CROWDSALE-WHITEPAPER-SEPT-9TH.pdf
Purchase GIST: https://dashboard.gistcoinico.com/register