Gifto (GTO)

$0.012497 (-19.25%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
376 $8,175,540.00 $13,310,500.00 654,212,000 GTO -- -19.25% -9.2% $2.41

Exchange Pair Volume (24h) Price
Binance GTO/BTC 2,482,716.00 0.0000009800
Upbit GTO/KRW 214,868.00 18.8000000000
Binance GTO/USDT 66,210.00 0.0094100000
Tokenize GTO/BTC 20,720.00 0.0000009800
Binance GTO/BNB 22,796.00 0.0004320000
Binance GTO/ETH 18,018.84 0.0000369600
Tokenize GTO/ETH 150.04 0.0000369600
OKEx GTO/BTC 5,381,331.00 0.0000013700
OKEx GTO/USDT 2,117,213.00 0.0132000000
Bitrue GTO/BTC 355,844.00 0.0000009800
OKEx Korea GTO/BTC 304.37 0.0000013700
VCC Exchange GTO/BTC 219.74 0.0000012200
Bittrex GTO/BTC 335.43 0.0000013600
CREX24 GTO/BTC 1.15 0.0000013700
OKEx GTO/ETH 2,442,255.00 0.0000510000
Upbit GTO/BTC 1,128.31 0.0000015900
Binance DEX GTO-908/BNB 7.63 0.0005499900
Kryptono GTO/ETH 208,066.00 0.0000691500
Kryptono GTO/BTC 97,084.00 0.0000010800
Upbit Indonesia GTO/BTC 2,219.15 0.0000015900
OKEx Korea GTO/USDT 12.40 0.0131000000
Bibox GTO/BTC 1.88 0.0000010000
CoinTiger GTO/BITCNY 40.59 0.0372510000
Bancor Network GTO/BNT 936.65 0.0399644494

Background

GIFTO protocol aims to become a decentralized universal virtual gifting protocol, the brainchild of the successful Asia Innovations Group, the parent company of popular live-streaming app Uplive and several other popular social games. GIFTO protocol is expected to be a decentralized version of Uplive’s virtual gifting economy. In Uplive, fans buy virtual gifts designed and created by Uplive’s in-house team of designers with an in-app digital currency called diamonds. GIFTO will decouple the gift creation, curation, and revenue share process from centralized platforms like Uplive and put control in the hands of virtual gift creators, curators, content creators, and fans. The transaction flow is expected to work as follows. First, virtual gift creators will design and create virtual gifts (an ERC-721 compliant token). Second, curators will review and approve gifts, making sure they comply with the protocol’s rules and copyright law. Third, content creators will curate a list of approved gifts that their fans can send to them. Fourth, fans purchase GIFTO tokens on cryptocurrency exchange or inside of special wallets like the GIFTO wallet in Uplive. Fifth, fans purchase virtual gifts with their GIFTO tokens and send the gifts to their favorite content creators.

Technology

GIFTO takes a “public-chain/private-chain” approach because of Ethereum’s transaction throughput limitations, and so is not completely open source. The public part of the protocol lives on the Ethereum blockchain. GIFTO tokens are ERC-20 compliant tokens that can be used to purchase virtual gifts. The team intends for virtual gifts to be ERC-721 compliant tokens with complete smart contract functionality. The ERC-721 virtual gifts are expected to have the following metadata: creator, owner, price, gift ID, URL, metadata, and transferability.



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