🌟 ⚡🚀ANN: GATCOIN Blockchain Rewards Program [Presale on 28 October]🌟 ⚡🚀 - page 150.

Heimer

sr. member

Activity: 518

Merit: 250

Quote from: Voltaje on September 30, 2017, 09:53:36 AM

Quote from: levyashin on September 30, 2017, 09:48:59 AM

I have a question about merchant tokens.

So if they want a side market about their tokens it can put it to exchanges, right?

X brand make a token and people loving it, so a user can put it at least etherdelta to make a profit of it?

Well, yes, in theory, they could just put their token in an exchange, but because of the nature of the token, almost nobody would like to invest in it, these merchant tokens are not meant to be coins, mostly because you use it to get discount, loyalty point, etc. where would you cash it? etc. besides is an additional cost to put in on exchanges, which the common user don't know how to do, it's better that it remains inside the ecosystem where it will have the best use case Cheesy

.

You are wrong my friend. If someone has some loyality points for example from buying wedding suit (this was he's one time expense) and he don't want to use he's points then he will be able to sell them on some exchange and if someone needs new suit or like fance clothes then he will be happy to buy these tokens

tubexc

hero member

Activity: 496

Merit: 500

just took a quick look - This project looks interesting.
it seems GATCOIN team is professional, I wish you success!

magisterr

sr. member

Activity: 1372

Merit: 259

The best way - is burn unsold token after ICo. Its would be fair in relation to investors.

Voltaje

sr. member

Activity: 350

Merit: 250

Quote from: levyashin on September 30, 2017, 09:48:59 AM

I have a question about merchant tokens.

So if they want a side market about their tokens it can put it to exchanges, right?

X brand make a token and people loving it, so a user can put it at least etherdelta to make a profit of it?

Well, yes, in theory, they could just put their token in an exchange, but because of the nature of the token, almost nobody would like to invest in it, these merchant tokens are not meant to be coins, mostly because you use it to get discount, loyalty point, etc. where would you cash it? etc. besides is an additional cost to put in on exchanges, which the common user don't know how to do, it's better that it remains inside the ecosystem where it will have the best use case Cheesy

.

levyashin

sr. member

Activity: 980

Merit: 276

$CYBERCASH METAVERSE

I have a question about merchant tokens.

So if they want a side market about their tokens it can put it to exchanges, right?

X brand make a token and people loving it, so a user can put it at least etherdelta to make a profit of it?

myshaka

newbie

Activity: 42

Merit: 0

seems interesting

ben_GAT

newbie

Activity: 32

Merit: 0

Quote from: kraterion on September 30, 2017, 09:20:54 AM

@Ben_GAT I'd really appreciate if you review my previous post to know if I understood GATCOIN or not Cheesy

. And I've a question, GATCOIN ecosystem will start right away on the SSL tech blockchain or isn't ready yet? Because this is another point in your favour if you're gonna be the first one to offer this type of scalability, WavesNG is on the way but Raiden Network have to have an ICO (lol) and lighting network is not here yet

Hi kraterion, sorry to have missed that. Yes, you are exactly correct in how the system would work.

We have a video which covers the process here:
https://youtu.be/qq0_WVK8lMc

As to your second question, we will be in development until mid-2018. The public launch of the GATCOIN beta platform will be in June 2018 with the official launch of the Wallet and Marketplace in October 2018. The timeline is on page 29 of the white paper found here:
https://www.gatcoin.io/wp-content/uploads/2017/09/170919v2-Whitepaper-EN.pdf

Although there are some other coins in this arena, we have found none which provide the same unified network of merchant rewards on one platform. Additionally, with our partnership with SK Planet Japan, we will launch the platform next year into a network of over 30,000 retail stores, 80,000 restaurants and 60,000 beauty outlets.

cantdecide

full member

Activity: 336

Merit: 112

Quote from: Cauchy on September 30, 2017, 09:16:07 AM

Quote from: ParRus on September 30, 2017, 09:11:45 AM

Quote from: Trrrt on September 30, 2017, 08:50:30 AM

If a lot of retailers start to want to advertise and reward customer with a token system, gatcoin will become a major actor of crypto world with his platform. All regular brand will use a token system as fidelity and the token can be managed by the gatcoin platform. Im impatient to see the first partnership coming !

I agree with you this system will be useful for users as much as possible. all these discount coupons and gift vouchers will now be in one place. this will simplify everything, GATCOIN will improve digital marketing.

I recently found this thread and have not yet had time to read the wp so mind noob question but is this solution for all types of retailers or are there specific ones like, food, consumer appliances, etc? thanks

Don't think that they aim just for a specific group of retailers. It would be great to build up an ecosystem where you really could exchange tokens from what ever retailer to what ever retailer in the end. If I look back, how often have I not used a reward system because I knew I will probably not buy in near future again at a shop. But with an solution like this, you could just exchange your tokens and buy some for a reward system you could have more use of.

kraterion

full member

Activity: 616

Merit: 145

🚀🚀 ATHERO.IO 🚀🚀

@Ben_GAT I'd really appreciate if you review my previous post to know if I understood GATCOIN or not Cheesy

. And I've a question, GATCOIN ecosystem will start right away on the SSL tech blockchain or isn't ready yet? Because this is another point in your favour if you're gonna be the first one to offer this type of scalability, WavesNG is on the way but Raiden Network have to have an ICO (lol) and lighting network is not here yet

Cauchy

full member

Activity: 364

Merit: 100

Quote from: ParRus on September 30, 2017, 09:11:45 AM

Quote from: Trrrt on September 30, 2017, 08:50:30 AM

If a lot of retailers start to want to advertise and reward customer with a token system, gatcoin will become a major actor of crypto world with his platform. All regular brand will use a token system as fidelity and the token can be managed by the gatcoin platform. Im impatient to see the first partnership coming !

I agree with you this system will be useful for users as much as possible. all these discount coupons and gift vouchers will now be in one place. this will simplify everything, GATCOIN will improve digital marketing.

I recently found this thread and have not yet had time to read the wp so mind noob question but is this solution for all types of retailers or are there specific ones like, food, consumer appliances, etc? thanks

ParRus

full member

Activity: 490

Merit: 104

Quote from: Trrrt on September 30, 2017, 08:50:30 AM

If a lot of retailers start to want to advertise and reward customer with a token system, gatcoin will become a major actor of crypto world with his platform. All regular brand will use a token system as fidelity and the token can be managed by the gatcoin platform. Im impatient to see the first partnership coming !

I agree with you this system will be useful for users as much as possible. all these discount coupons and gift vouchers will now be in one place. this will simplify everything, GATCOIN will improve digital marketing.

batako

sr. member

Activity: 1022

Merit: 252

Quote from: Trrrt on September 30, 2017, 08:50:30 AM

If a lot of retailers start to want to advertise and reward customer with a token system, gatcoin will become a major actor of crypto world with his platform. All regular brand will use a token system as fidelity and the token can be managed by the gatcoin platform. Im impatient to see the first partnership coming !

The use of merchant tokens as a reward to customers is increasing in the recent days. But they still use the traditional system which is require a lot of efforts. Gatcoin offers the new innovative way to change the old system with the new and better way.

ben_GAT

newbie

Activity: 32

Merit: 0

Quote from: ubercool on September 30, 2017, 08:04:04 AM

Quote from: the_donald on September 30, 2017, 07:23:05 AM

Quote from: matjas on September 30, 2017, 06:57:49 AM

Quote from: Sozialtourist on September 30, 2017, 06:17:56 AM

Is the amount of tokens of one of these merchant tokens limited? For examples if they realize that the circulating supply is not high enough, can the shop decides that it wants to get more tokens minted?

I am thinking if there is a way for merchants to abuse this system. If they would issue new coins for them self and sell it, the buyer would eventually use it in their shop so other than this being a marketing move, i dont see if they can abuse it.

The tokens that Gatcoin would issue for their customers would be used for promotional purposes. issuing too many would make no sense, as they would be issued on the customer's expense.

But they may sell them to others on the market in return for different company coupons. if someone can manipulate a company's reward system then it may be a leak point. Would want to know how Gatcoin will tackle those.

Merchants can both create and destroy their Merchant Tokens on the GATCOIN system. If they were to flood the market with their own Merchant Tokens, then it would cause an excess of supply and—as in any economic environment with excess supply—the value of that particular merchant’s Tokens would go down in respect to both GAT Coin and other Merchant Tokens.

Trrrt

full member

Activity: 448

Merit: 107

If a lot of retailers start to want to advertise and reward customer with a token system, gatcoin will become a major actor of crypto world with his platform. All regular brand will use a token system as fidelity and the token can be managed by the gatcoin platform. Im impatient to see the first partnership coming !

kraterion

full member

Activity: 616

Merit: 145

🚀🚀 ATHERO.IO 🚀🚀

Quote from: Islapdonkey on September 29, 2017, 07:01:36 PM

Quote from: Heimer on September 29, 2017, 06:03:52 PM

Quote from: kraterion on September 29, 2017, 02:27:31 PM

Ah now I get it, GATCOIN is an erc20 and it will always be an erc20, merchants tokens instead are issued on GAT system which will have its own blockchain ( with SSL tech). Now that I'm understanding the concept I think this is a good idea , you can move discounts vouchers, loyalty points etc... to a new level, with some kind of "interoperability" between retailers

Exactly - and every one of this bonuses will be in your mobile phone without any need for physical loyalty cards. Today's technology is amazing

again why will i a merchant, pay merchant fee to some random company for a service i can easily provide myself. No matter how much you guys keep trying to sugarcoat things. no one has provided a concise reason on why this middle man service is needed. Even the dev can provide a good reason.

Because it will create a whole new ecosystem. A stupid example, McDonald's and Foot looker make a commercial partnership for some reason, McDonald's want to issue vouchers to be spent on Foot lookers' shoes but at the same time with the same voucher they want to offer discounts on burgers. How to solve it? Both they issue a token on GAT and customer will choose to spend it for a cheeseburger or exchange it for Foot Looker tokens. A random London's night club ear about GAT and see that if they issue a token, McDonald's and Foot Looker tokens can be exchanged for club's tokens to gain more people into the club.
Can you do this if you create three ERC20? I don't think so, you want to exchange your McDonald's tokens and you do it trough an exchange and maybe if you don't get confused (remember than this is for mainstream) you find Foot Looker tokens and then Foot Looker themeselves need an app to exchange those tokens into vouchers.
That's what I understood about GAT, feel free to correct me if I'm wrong

ubercool

hero member

Activity: 1078

Merit: 504

Quote from: the_donald on September 30, 2017, 07:23:05 AM

Quote from: matjas on September 30, 2017, 06:57:49 AM

Quote from: Sozialtourist on September 30, 2017, 06:17:56 AM

Is the amount of tokens of one of these merchant tokens limited? For examples if they realize that the circulating supply is not high enough, can the shop decides that it wants to get more tokens minted?

I am thinking if there is a way for merchants to abuse this system. If they would issue new coins for them self and sell it, the buyer would eventually use it in their shop so other than this being a marketing move, i dont see if they can abuse it.

The tokens that Gatcoin would issue for their customers would be used for promotional purposes. issuing too many would make no sense, as they would be issued on the customer's expense.

But they may sell them to others on the market in return for different company coupons. if someone can manipulate a company's reward system then it may be a leak point. Would want to know how Gatcoin will tackle those.

the_donald

full member

Activity: 588

Merit: 100

Quote from: matjas on September 30, 2017, 06:57:49 AM

Quote from: Sozialtourist on September 30, 2017, 06:17:56 AM

Is the amount of tokens of one of these merchant tokens limited? For examples if they realize that the circulating supply is not high enough, can the shop decides that it wants to get more tokens minted?

I am thinking if there is a way for merchants to abuse this system. If they would issue new coins for them self and sell it, the buyer would eventually use it in their shop so other than this being a marketing move, i dont see if they can abuse it.

The tokens that Gatcoin would issue for their customers would be used for promotional purposes. issuing too many would make no sense, as they would be issued on the customer's expense.

matjas

full member

Activity: 798

Merit: 115

Quote from: Sozialtourist on September 30, 2017, 06:17:56 AM

Is the amount of tokens of one of these merchant tokens limited? For examples if they realize that the circulating supply is not high enough, can the shop decides that it wants to get more tokens minted?

I am thinking if there is a way for merchants to abuse this system. If they would issue new coins for them self and sell it, the buyer would eventually use it in their shop so other than this being a marketing move, i dont see if they can abuse it.

haxllega

full member

Activity: 392

Merit: 100

Quote from: GAT_Chris on September 29, 2017, 09:03:24 PM

Quote from: magisterr on September 29, 2017, 07:14:05 PM

Quote from: greatteager on September 29, 2017, 03:42:56 PM

I don't see on the site what will be the maximum and minimum cap?
When will the price be announced in ETH?

Great question. The public sale will begin on October 18th and the USD:ETH exchange rate will be fixed 24 hours prior to sale. This first round will issue 33% of all GAT Coins which means 66,666,666 GAT Coins. They will be priced at US$0.20 each.

Second round will issue 66,666,667 GAT Coins priced at US$0.30 each.
Final round will issue 66,666,667 GAT Coins at priced at US$0.40 each.

Smallest payment accepted will be 0.1 ETH. We are still discussing a maximum limit but it will be in the order of millions of USD.

So, hard cap is around 59 millions usd? What is soft cap?
How much tokens in total?

Hard cap is $60M USD soft cap is $20M USD. Total supply of tokens is 1,000,000,000.

The first 200,000,000 will be released on October 28 at the staggered pricing that Ben_GAT mentioned (33.3% at $0.20, 33.3% at $0.30, 33.3% at $0.40, prices fixed in ETH at the beginning of each period), 600,000,000 will be sold at regular intervals on GAT Exchange July 2018 and Jun 2021. The Remainder is split between the Founder and the GAT Foundation.

This accounts for the entire supply of GAT Coin.

$20 M USD is really a lot. Why do they need as much? I think it will be very hard to achieve this amounts of funds.

Topic: 🌟 ⚡🚀ANN: GATCOIN Blockchain Rewards Program [Presale on 28 October]🌟 ⚡🚀 - page 150. (Read 51550 times)