Topic: 🌟 ⚡🚀ANN: GATCOIN Blockchain Rewards Program [Presale on 28 October]🌟 ⚡🚀 - page 153. (Read 51550 times)

I think it is irrelevant what platform a company use to create their coin or weather it is erc20 or something else.What is important is why would they create a coin for themself and GATcoin will give them that reason.A user can exchange company A coins for company B coin or trade them on GATcoin market.Why you think sk planet chose GATcoin instead of ,as you say,create their own coin?What would they have done by creating a erc20 token that has no purpose?
You mentioned embermine,are you there paid shill or what?

Yes everything is correct (can trade Gatcoins on 'normal' exchanges)
I think after a successful launch of the platform, good exchanges will want to see in the composition GATCOIN

Off course you can.
Gatcoin will be added on exchanges where you can trade your tokens. Exchanges are needed for the price of the tokens .

If I understood correctly you also can trade Gatcoins on 'normal' exchanges instead of buying other merchant tokens. Right?

Idea seems interesting but I don't know if people will use this. Do you have to have this app open all the time like Pokemon Go?

how many tier price will be for ICO? is that information already available?

Yes, thanks to the internal exchange system, now you could simply trade your own loyalty points, rewards, discounts tokens, etc. for others that are from another shop, if you don't want a discount in fruits or meat, but you want one in clothes or drinks, you could trade it, and BAM, you could get your discount in another retailer, as long as that retailer has a token inside the exchange , I like it very much .

So if I understood correctly, consumer gets some merchant tokens from restaurant and if he doesn't need them he trades them on gatmarket for merchant tokens from say retail store.

Great question. The public sale will begin on October 28th 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.

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

Thanks for the kind words FIEX 
Happy to answer all questions as best as I can. We will try to have at least one person from the team on here 24/7 so please keep the questions coming!

agree, Japan is a good start. country of innovation and creativity. recently conducted ICO - vibehub , they also planned to conclude contracts first with Japanese firms .. although their coin has not yet entered the stock exchange, has already made x7 of ICO price.
I think GATCOIN will wait for a similar scenario

Creating tokens will replace physical loyalty cards which will be especially great for smaller stores. Now they will be able to rewards their customers without any hassle

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

Japanese market will be great to focus on!
This market is huge and a great start . Thanks a lot ben_GAT for answering all our questions.

Always nice to see an active dev in this thread.
Investors like it and give us users trust. Great work.

Keep it up!

"While, technically, it is possible for companies to establish a blockchain token independently on their own, that alone is not doing them much use" Well, establishing a token on GAT is not doing them much use also unless the buyers choose to invest in it. Like i mentioned before Why don't you model your ICO on updating and creating creating the best exchange platform for Cryptocurrencies. Cos am still not sold that a company would rather pay you merchant fee to create a token on your simple token on your platform when they can create free tokens and have more input on it's selective features by using several platforms. It's Biz 101, no one will pay for something they can get for free. Esp when the service offered is very easy to master.

Correct, however, it won't be an exact one-for-one exchange. It's better to think of it as a marketplace where people have Merchant Tokens they wish to exchange but must be bought and sold in GAT Coins. Thus, depending on the demand and merchant-dictated redeemable value of their Tokens, you could, for example exchange 5 tokens from merchant A for just 1 token from merchant B. And this is intuitive--for example, if merchant A were a coffee shop and merchant B were an airline.

customer create token for what? I think they will have a easy way for small restaurant, spa, shop, franchise connect their platform. just wait demo if you curious

While, technically, it is possible for companies to establish a blockchain token independently on their own, that alone is not doing them much use. The value of GATCOIN comes from its network and the GAT Exchange. For customers, collecting blockchain rewards points from various retailers/shops/merchants doesn’t solve the issue that they have points that they can’t/don’t want to use. Through the growing network of retailers (big and small) on the GATCOIN network, these customers will have greater choice of how and where to use their rewards points (of course done via exchange through the GAT Exchange). Moreover, with all these customers of various merchants using the same wallet, it is easier for merchants to reach new customers (for example through demographic/spending targeting).

As we have already secured the partnership with SK Planet Japan, we are launching out of the gate with a strong network of merchants who will issue Tokens, thus offering immediate choice to consumers and GAT Wallet holders. As new merchants come on board, we streamline the process for them so that blockchain tokens are no longer an onerous technical issue for them but rather just another marketing application—we remove the hassle of having to Google the process and learn the tech.

To put it simply, we are offering a one-stop-shop for all rewards points. The more merchants who join, the more powerful the platform. We are working hard to recruit even more partners and are confident that more merchants will join the platform organically as the success of GATCOIN grows.

Yes if I understand correctly you will be able to trade one voucher to another one. I think I read that in the Whitepaper.