Gifto (GTO)

$0.013272 (-3.17%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
353 $8,018,870.00 $2,108,150.00 604,212,000 GTO 93 -3.17% -6.71% $0.42

Exchange Pair Volume (24h) Price
Binance GTO/BTC 145,938.00 0.0000015600
Upbit GTO/KRW 256,305.00 15.4000000000
Tokenize GTO/BTC 16,061.14 0.0000015600
Binance GTO/USDT 40,410.00 0.0134400000
Binance GTO/BNB 5,147.64 0.0006640000
Tokenize GTO/ETH 31,037.00 0.0000734400
Binance GTO/ETH 6,476.69 0.0000734400
OKEx GTO/USDT 657,066.00 0.0133000000
OKEx GTO/ETH 260,495.00 0.0000720000
OKEx GTO/BTC 79,166.00 0.0000015500
Bitrue GTO/BTC 7,465.25 0.0000015600
Bittrex GTO/BTC 5,376.78 0.0000015600
Bithumb GTO/KRW 23,323.00 15.5000000000
Dcoin GTO/BTC 190,548.00 0.0000015396
Kryptono GTO/ETH 386,499.00 0.0000668000
CoinTiger GTO/BITCNY 13,381.80 0.0845270000
Bancor Network GTO/BNT 473.34 0.0417435946
OKEx Korea GTO/USDT 0.00 0.0133000000
OKEx Korea GTO/BTC 0.00 0.0000015600
Upbit GTO/BTC 8.48 0.0000016700
Binance DEX GTO-908/BNB 15.05 0.0007349800
Hanbitco GTO/BTC 3,081.65 0.0000015000
Upbit Indonesia GTO/BTC 1,060.22 0.0000016700
Shortex GTO/BTC 0.00 0.0000000000
Shortex GTO/ETH 0.00 0.0000000000
OKEx Korea GTO/ETH 0.00 0.0000720000
CREX24 GTO/BTC 0.00 0.0000014900
Kryptono GTO/BTC 0.00 0.0000023900

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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