Last updated 25/09/2022
Official Website: https://gifto.io/
"Virtual gifting protocol for an open world."
One of the first application tokens introduced in 2017 is called Gifto. Since its first introduction on the Binance launchpad, several breakthroughs have been made, including the largest crypto wallet for mass market adoption, the blockchain game with the most user engagement, and other consumer applications. Global participants from the technical, business, community, and operations sectors worked together to create the Gifto Chain and Wallet.
Through an initial token offering that issued around 300 million tokens in December 2017, GIFTO was able to raise about $30 million. The first virtual gift standard in the world, supporting Christmas cards, augmented reality collectibles, awards for loyalty, and more.
Virtual gift designers will first design and produce virtual goods (an ERC-721 compliant token). Second, gifts will be reviewed and approved by curators, who will make sure they adhere to the protocol's guidelines and copyright laws. Third, content producers will compile a list of presents that are acceptable for fans to send to them. Fourth, followers buy GIFTO tokens on cryptocurrency exchanges or from specialized wallets like the Uplive GIFTO wallet. Fifth, fans can use their GIFTO tokens to buy virtual gifts and send them to their preferred content producers.
The ERC-20-compliant GIFTO tokens can be used to buy virtual presents. The team wants virtual presents to be fully functional smart contracts that comply with ERC-721 standards.
Gifto wants to establish itself as the greatest marketplace for valuable and timeless virtual presents. Any asset can be swapped for any token using the Gifto Chain and Wallet.
Gifto Chain will distribute AR gift-creation and usage SDKs as augmented reality (AR) gains popularity. These SDKs will allow users to bring their gifts into any actual area, pose for pictures or videos with them, or simply enjoy them.
Due to the use of on-chain hashes, Gifto Chain token specifications can be updated without altering the fundamental chain technology. So, because Gifto offers a fee-for-usage option, token creators can effectively "license" the use of their media on Gifto Chain by including things like films, songs, etc. in their tokens.
The official Gifto Wallet is currently under development and is coming soon both on Android and iOS, however there are multiple wallets that support Gifto tokens.
One such wallet is Metamask - leading browser wallet extension popular amongst DeFi platforms and highly praised by developers.
Since Gifto (GTO) tokens are built on Etherem network it means that the tokens can be stored in any wallet compatible with Ethereum-based ERC-20 tokens. Options to keep your Gifto (GTO) secure and offline can therefore include the leading hardware wallet providers Ledger and Trezor. All ERC-20 tokens including Gifto (GTO) can be stored on the Ethereum blockchain using MyEtherWallet, allowing users to interact with the network without additional software.
An alternative wallet provider for Gifto (GTO) token holders can be Trust Wallet – a multi-currency mobile wallet that enables users to simultaneously store a variety of digital assets in one place. Popular among traders and gamers, the beginner friendly mobile wallet may be appropriate for users looking for a convenience and accessible app, with trusted security and backup options.
We always recommend our customers to perform their due diligence and research into any platform they are looking to start using. You may find some general information regarding various wallets on our Wallet Guides page.
You can Buy & Sell Gifto (GTO) here at BC Bitcoin.
You can Buy Gifto by heading over to the Buy Coins page of our website. $GTO is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying Gifto (GTO) has never been easier, simply place your order and provide your wallet address. Once your payment arrives, GTO will be sent directly to your wallet.
If you choose to Sell Gifto (GTO), you can send us the coins and receive a payment to your bank account. Details and a live valuation can be found on the Sell Coins page.
Block Explorer: https://etherscan.io/token/
Block Explorer (Testnet): https://explorer.gifto.io/
Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.