Gifto (GTO)

$0.017667 (3.88%)

CMC# Market Cap (USD) Volume (24hr) Circulating Supply NVTS Change (7d) Change (24h) Savings Per 1K
230 $10,674,300.00 $3,218,570.00 604,212,000 GTO 76 3.88% -2.69% -$0.69

Exchange Pair Volume (24h) Price
Binance GTO/BTC 121,137.00 0.0000012100
Binance GTO/USDT 75,258.00 0.0123100000
Shortex GTO/BTC 112,765.00 0.0000018100
Binance GTO/ETH 21,492.00 0.0000661400
Binance GTO/BNB 3,438.82 0.0004490000
Shortex GTO/ETH 18,057.85 0.0000999300
OKEx GTO/USDT 1,181,388.00 0.0184000000
OKEx GTO/BTC 641,097.00 0.0000018100
OKEx GTO/ETH 204,712.00 0.0001000000
Bitrue GTO/BTC 6,719.73 0.0000012100
Upbit GTO/KRW 36,345.00 22.4000000000
Bittrex GTO/BTC 2,052.51 0.0000018100
Bibox GTO/BTC 2,008.40 0.0000019800
Upbit GTO/BTC 2,050.61 0.0000018100
Kryptono GTO/ETH 366,459.00 0.0000900900
Kryptono GTO/BTC 336,306.00 0.0000021100
CoinTiger GTO/BITCNY 5,241.87 0.1096120000
Dcoin GTO/BTC 212,929.00 0.0000012279
IQFinex GTO/BTC 3,457.88 0.0000011700
IQFinex GTO/ETH 753.54 0.0000678000
Coinplace GTO/BTC 4,201.00 0.0000016400
Bancor Network GTO/BNT 814.66 0.0475637755
Bithumb GTO/KRW 11,747.83 22.2000000000
Binance GTO/PAX 283.98 0.0000000000
Binance GTO/TUSD 492.68 0.0122100000
Binance DEX GTO-908/BNB 2.47 0.0004408300
KKCoin GTO/ETH 0.79 0.0000710000
Allbit GTO/BTC 289.35 0.0000021200
Allbit GTO/ETH 199.22 0.0000868400
Bitsonic GTO/BSC 2,478.84 0.1400001100
Binance GTO/USDC 0.00 0.0125800000
CREX24 GTO/BTC 0.00 0.0000015400

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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