Topic: 🌟 ⚡🚀ANN: GATCOIN Blockchain Rewards Program [Presale on 28 October]🌟 ⚡🚀 - page 131. (Read 51550 times)

I think they must have some fees.. Also part of this fees (for example 50%) must be burt - it will do more liquidity and expansive tokens.  

I heard news about GATECOIN is first participant of Project transparency. Nice. Community will like it.

That's a good question. I think there will be small fees for trading your coins around, like on the big exchanges maybe!?

This project will quickly develop. In the summer in June GAT Exchange public launch and in July De-bugging and testing. In a year we see GAT wallet.

Actually, competition is a good thing, it means you always have to improve your project to keep your customers attracted.

Btw. do you mean Rouge Project on the ethereum platform?

If the projects on the waves and with a small cap and little-known, they don't pose a threat to the project, and will encourage the team to work better.

I think gatcoin is a unique project, there is project with a similar way of think, but no one with the same idea and platform incoming. Gatcoin can put the crypto in the hand of regular retailer, its a very ambitious project, but a very huge business.

there are actually tow competitors, but I don't remember their names, the first one is in the waves blockchain, and the second one is like a Groupon in the ethereum blockchain, again, I don't remember their names, they are not so well known, but they are competitors nonetheless.

Its no problem if there is competitors. Like the tickets system thing, a lot of project are launced and they can work great next to each other.
Gatcoin will be focussing for the first phase on the Japanses market and thats great. It would be stupid for another project to also jump on that market, they will be doomed from the beginning.

Gatcoin will the first system of this kind!
Investing in Gatcoin will be a smart chose.

Will there be any sort of fees as a user when trading/exchanging merchant tokens or GAT coins?
When no fees involved, how does Gatcoin generate profit?

No, that was just an example. But I do have some experience with Asus promos.

When I tried to redeem an Asus promo code, I had to pick one of their regional redemption sites. I bought an Asus product in a shop in a different country which shipped it to me. When I tried to submit the form for the region of my country, it would not continue to the next page nor show an error. When I emailed customer support they said it could be a browser error. On several website other people had problems redeeming their Asus promo codes, as it appears the redemption sites went offline or 'out of stock' in the weekends.

Eventually I started to use my brain and went to fill in the form at the redemption site for the region of the shop where I bought the product. And that worked.

So I am an idiot. But still, Asus should have displayed helpful errors. They could have been more clear which one of their regional websites to use. Or better yet, have a single universal redemption site.

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Another personal experience is with a different brand, Bosch (they make home appliances and tools). After sending them the invoice, they mailed me they could not read it. They asked me to resubmit the invoice through a different form. Apparently it is not possible to use the original form to resubmit the invoice, it causes a 'serial number not found' error. At first I got a form that did not even contain proper labels, just placeholders. The form itself did not work either. A few weeks later I tried again. The labels were fixed and I tried saving the invoice as JPG, GIF, BMP, PNG and PDF, but the result is always the same: "Failed to upload your invoice". As of today this has not been resolved.

I dunno, I want to see this in action. The projects with two tokens are quite rare for the moment.

I think you are right, the first really is not easy - there is a lot of work ahead, but I believe that GATCOIN team will cope with this all, and in the end they will be waiting for success.

As far as I undrstood it will be a closed system but token creation it will be more like waves then ethereum where you need to write a smart contract to issue an erc-20 . Also if someone will issue an unseful merchant token you can blacklist it

I agree that the partnership they have right now is a big step, but i hope they will also announce a partner in America.

As far as I know everybody will be able to create their own tokens for example if you have shop then you will be able to create tokens for your own reward/loyalty programs 

Will this new blockchain be a closed system or anyone will be able to make new tokens there like you do now with ERC20 tokens?

Yes, agree. This partnership which isn't a small one is already a very good basis to establish themselves on the huge Asian market. Btw, there's rarely an ICO which has already before its start a partnership with a leading and well-established company.

Today I've read in Gatcoin's twitter that Gatcoin supported project Transparency http://projecttransparency.org/ It means that their any expenditure greater than 0.5% will be disclosed. I think it is a very good move and even unprecedented for ICOs. 16 ICOs supported the project. And what do you think?

While GAT coin in an ERC20, merchant tokens (and entire ecosystem) will be issued on a new blockchain based on concurrent byzantine fault tolerance algorithm, which will enable a huge amount of txs/second