About Gifto
Gifto as a network protocol, is a brainchild of Andy Tian, the co-founder and CEO of Asia Innovations Group (AIG). The team at AIG comprises of crypto-technology and blockchain enthusiasts. Andy saw potential in designing a decentralized network powered by the Ethereum blockchain to fix the current broken content monetization model with a better model. Most people introduced to the global content industry will identify the following problems with the current model: The Gifto network was launched in December 2017 and has been tested along with AIG’s flagship product, Uplive. Uplive is a live streaming mobile application with over 20 million users. An official Gifto report in February 2018, stated that Gifto featured in the top 10 traded cryptocurrencies by volume. The universal blockchain-based virtual gifting protocol has not only bridged the gap between content creators and the audience but has also introduced a way to acknowledge and reward the content creators. Besides monetizing decentralized content, it has revamped the modern creator-audience relationship. It has already received support from a number of large institutional investors including KPCB and Wicklow Capital. This can only be seen a positive for Gifto as it proves that the idea has been scrutinized and accepted by a fairly large number of people.
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Trading Insights
Searched
25
Market Stats
Market Cap
$50.10M
25.24%
FDV
$50.13M
Circ. Supply
2.2B GFT
Max Supply
Not enough data
Total Supply
2.2B GFT
Diluted Valuation
$1.29M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$20.17K
-41.91%
Volume (7D)
$236.04K
Volume (30D)
$981.83K
All time high
$2.00
Price Change (1Y)
1.18%
Additional info about Gifto
Recent trends
The latest GFT price is $0.0221. Compared to Gifto's value of $0.02 from 24 hours ago, there's been a 13% increase, while the current price is -3% down from $0.02 which was recorded one week ago. Gifto's all time high is $2.00, which was reached on February 7, 2023. This is a -99% change from its price today.
The market cap is currently $50.10M, which is a result of multiplying the current price of Gifto($0.02) by the total supply(2,239,975,052 GFT). The fully diluted valuation of Gifto is $50.13M. The diluted valuation of Gifto is $50.13M.
Market details
GFT vs markets
↘ 23.11%
GFT vs BTC
↘ 33.17%
GFT vs ETH
↗ 51.53%
Tags
media
communications-social-media
loyalty
content-creation
+1
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0xC5bBaE50781Be1669306b9e001EFF57a2957b09d | |
BNB Smart Chain | 0xGtO-908 | |
BNB Smart Chain | 0x72fF5742319eF07061836F5C924aC6D72c919080 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0221 | ↗ 12.62% |
1 Day | $0.0199 | ↗ 12.62% |
1 Week | $0.0230 | ↘ 2.89% |
1 Month | $0.0165 | ↗ 35.56% |
1 Year | $0.0221 | ↗ 1.18% |
FAQ
Gifto is a digital gifting protocol to compensate and monetize content creators everywhere for content generation. According to the whitepaper, the protocol is available on various content generation platforms like Facebook, YouTube, Instagram, and so on and quickly adapts to their conventional revenue streams primarily generated from advertising.
Content creation platform giants like Facebook, YouTube, and Instagram made creating content popular and seamless, giving people with a mobile moile phone and internet connectivity the opportunity to showcase their talent. The monthly active users on YouTube and Instagram are 1.5 billion and 700 million, respectively. Although making content on these platforms might be easy, making money remains a tough task.
The reliance on advertising revenue across many centralized platforms has created an autocratic incentive system that supports mass markets and top content producers. To give a practical example, YouTube gives content creators $2,000 for every 1 million views, and statistically, only 0.33% of all videos on YouTube get more than 1 million views. This results in mass-market content producers thriving or talented niche content creators.
Also, another difficulty that content creators face on YouTube is from the advertisers. Content creators constantly have to cater to the demands and expectations of the advertisers. If the advertisers find the content irrelevant or dislike it, they stop showing their products next to the content. This affects the earnings of all content creators, including top-, middle-, and bottom-level creators.
The Gifto protocol aims to become a self-regulating and self-sustaining ecosystem that creates virtual gifts curated, tracked, and traded across several content creation platforms. The protocol includes virtual smart gifts, a self-operating virtual asset that lives on the blockchain and is executed by smart contracts. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain.
Next, the protocol includes the gift store, where fans get a chance to buy virtual gifts for their favorite content creators. The gift inventory holds gifts for the users. The gift receiver can either be a fan or a content creator. Then comes the gift portal, which is a management system where gifts are created, curated, and managed by the contributors of the Gifto protocol.
Gifto token (GTO) is the native ERC20 token of the Gifto protocol and the primary currency that facilitates transactions on the platform. Users of the platform can use GTO tokens to buy and redeem virtual gifts, and users can also earn GTO tokens by completing specific tasks on the platform.
Gifto has also developed a transactional crypto wallet that handles all Gifto transactions like creating the wallet on Ethereum and transferring, trading, and redeeming the token. The wallet is designed so that users who are new to the concept of cryptocurrency can manage, transfer, or trade GTO tokens through content platforms without facing any complication.
Gifto was launched by the Asia Innovative Group (AIG), a mobile entertainment group that serves more than 100,000,000,000 users worldwide. To make Gifto an excellent service for the users, AIG left no stone unturned and contributed substantial resources and experience in developing, promoting, and managing Gifto protocol and token.
Andy Tian is the group CEO of AIG. Tian has a bachelor’s and master’s degree in computer science from MIT, and before joining Gifto, Tian worked as the general manager of Zynga China. In 2008, he cofounded one of the earliest social media apps he later sold to Zynga. Tian was also a member of Google China in the mobile business department. The rest of the team includes Charles Thach (chief crypto officer) and William H. Nguyen (chief crypto architect).
The whitepaper was published in November 2017. The total supply of GTO tokens in the market is 1,000,000,000 coins.
We update our Gifto to USD currency in real-time. Get the live price of Gifto on Coinbase.
The current market cap of Gifto is $50.10M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Gifto is $2.00. This all-time high is highest price paid for Gifto since it was launched.
Over the last 24 hours, the trading volume of Gifto is $20.17K.
Assets that have a similar market cap to Gifto include QuarkChain, Aurora, ANDY (ETH), and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Gifto is 2.2 billion.
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