I have been trying to go through this thread to see if someone addressed this concern, but wow ... so many pages! Anyway, this looks like a project with tons of potential, my only concern was regarding a section on their whitepaper were they mention that: “Moreover, exchanging and spending Merchant Tokens and performing transactions from your smartphone wallet creates a variety of valuable data. This data can be bundled and sold to merchants and brands, ...”
As much as I understand the benefit this gives to vendors and a lot of what we do is already being tracked probably, I am not a fan of my transaction data being sold to merchants and brands since one thing I appreciate from crypto-currency is the privacy it offers.
I do value that they have been honest by disclosing that info, but will there be an option for the consumer to opt out of this?
As much as I understand the benefit this gives to vendors and a lot of what we do is already being tracked probably, I am not a fan of my transaction data being sold to merchants and brands since one thing I appreciate from crypto-currency is the privacy it offers.
I do value that they have been honest by disclosing that info, but will there be an option for the consumer to opt out of this?
I'm not 100% sure but when it says 'data CAN be bundled and sold' I would say it's not a must and up to the user if he wants his data be revealed or not.
I hope so!
how much did you rise during the presale?
Your question of course deserves attention. IcoDrops site tells us that at the moment Gatcoin project collected $3,643,581 of $14,500,000 (25%). Token sell ends in 27 days on 28 January.
Yes, etherscan shows that they sold around 4.4k ETH which is approx. 3.9M $. I'd say this is a very good result so far.
You're right because this ICO isn't hyped at all, but you'll see later this year how much your GAT are going to be worth. And I want to see how the final version of the app will work
if the price of eth break 1400$ before 14 jan there is no ICO and all remening tokens will distrubited to pre-sale participants.@martinholly167 Not with those exact words. In their website's News section they did address the hard cap in relation to the rise in ETH price. They will be using a 7-day trailing average model "To determine when that hardcap is reached". However, this also means there might not be an ICO at all if hard cap is reached early, or if prices plummet it could go until closing date.
This is the direct link to their post: https://www.gatcoin.io/hardcap-determination-announcement/
