🌟 ⚡🚀ANN: GATCOIN Blockchain Rewards Program [Presale on 28 October]🌟 ⚡🚀 - page 155.

Islapdonkey

sr. member

Activity: 882

Merit: 277

If i had a dollar for every "had i known"

Quote from: GAT_Chris on September 29, 2017, 09:53:06 AM

Quote from: bitjet on September 29, 2017, 09:46:37 AM

Can I ask a question? If I get Gatcoin ( or reward) from restaurant A. can I use it at restaurant B (use Gatcoin platform too)

Yes of course we like answering questions as it helps us know what the crypto community is thinking!

Restaurant A would issue its own branded token. You would need to take this token to the GAT Exchange and sell it there for GAT Coin. You could then use this GAT Coin to buy tokens for Restaurant B (or hold them, or trade them on an external exchange)

You can see this process mapped out in our overview https://www.gatcoin.io/wp-content/uploads/2017/09/170928v2-GATCOIN-System-Overview.pdf

So pretty much the same way i can take current tokens/coins to any participating exchange, sell it and take the money to buy a different token/coin?
Why don't you just have an ICO for a new exchange? and pursue that angle.
The whole we part of a long list of companies that issues tokens but didn't really tweak any codes related to the aforementioned service has already been used up and won't be viable for long.

GAT_Chris

member

Activity: 64

Merit: 10

Quote from: bitjet on September 29, 2017, 09:46:37 AM

Can I ask a question? If I get Gatcoin ( or reward) from restaurant A. can I use it at restaurant B (use Gatcoin platform too)

Yes of course we like answering questions as it helps us know what the crypto community is thinking!

Restaurant A would issue its own branded token. You would need to take this token to the GAT Exchange and sell it there for GAT Coin. You could then use this GAT Coin to buy tokens for Restaurant B (or hold them, or trade them on an external exchange)

You can see this process mapped out in our overview https://www.gatcoin.io/wp-content/uploads/2017/09/170928v2-GATCOIN-System-Overview.pdf

Islapdonkey

sr. member

Activity: 882

Merit: 277

If i had a dollar for every "had i known"

No one has yet given me a concise answer on why everyone is elated about an ico for a platform that just releases token. Esp when companies can release their own token. The aforementioned platform is not built from a new code or represent an improvement on an existing code. Its just a middle man token provider.
Everyone here is shilling loyalty points and airdrop on the platform, off the top of my head i say embermine provides the same thing lest the exchange. Embermine has several
airdrops occurring in the next few weeks and it's still struggling to gain a foot hold in the market b/c the service been offered which be obsolete in a short time.

bitjet

hero member

Activity: 696

Merit: 500

Can I ask a question? If I get Gatcoin ( or reward) from restaurant A. can I use it at restaurant B (use Gatcoin platform too)

GAT_Chris

member

Activity: 64

Merit: 10

Quote from: lvsca on September 29, 2017, 09:30:39 AM

Quote from: GAT_Chris on September 29, 2017, 09:19:52 AM

Quote from: robocop3 on September 29, 2017, 09:09:31 AM

very well,vouchers, rewards can be traded by Gatcoins.
when open the platform ?

Token sale begins October 28 2017, the Public launch of the GAT Exchange is scheduled for Jun 2018 as is the beta for the GAT Wallet and GAT Marketplace with full launch scheduled for October 2018.

so, there will be beta release? or only test phase before public laucnch?

The period between Jun 2018 and October full launch will be used testing and debugging, in an open Beta.

lvsca

sr. member

Activity: 1792

Merit: 293

👉bit.ly/3QXp3oh | 🔥 Ultimate Launc

Quote from: GAT_Chris on September 29, 2017, 09:19:52 AM

Quote from: robocop3 on September 29, 2017, 09:09:31 AM

very well,vouchers, rewards can be traded by Gatcoins.
when open the platform ?

Token sale begins October 28 2017, the Public launch of the GAT Exchange is scheduled for Jun 2018 as is the beta for the GAT Wallet and GAT Marketplace with full launch scheduled for October 2018.

so, there will be beta release? or only test phase before public laucnch?

GAT_Chris

member

Activity: 64

Merit: 10

Quote from: Sozialtourist on September 29, 2017, 09:02:05 AM

Quote from: GAT_Chris on September 29, 2017, 08:13:19 AM

Quote from: ubercool on September 29, 2017, 08:02:44 AM

Quote from: GAT_Chris on September 29, 2017, 07:43:52 AM

Quote from: ubercool on September 29, 2017, 07:02:53 AM

Saw the introductory video, understood the basic idea, just one doubt. Why will any big company partner with GAT.?
You see the rewards program is to keep your customers shop or buy things more and more within your brand, by using GAT they loose that. Roll Eyes

A point well taken if merchant tokens could be converted directly into products from other merchants but they can not.

For example Merchant A issues vouchers to Customer X, Customer X sells these tokens to Customer Y and uses the proceeds to by vouchers for Merchant B and buys something from Merchant B's store and Customer Y uses the original vouchers in Merchant A's store.

Who looses out in this situation? No one, The voucher Merchant A originally issued are still being spent in their store, Customers X and Y are getting exactly the products they wanted and merchants A and B are making sales that they might not have in a traditional rewards system!

Merchant tokens can only be sold to other parties that want them, so while the consumer may be converting them in to rewards from other companies they can only do so if someone else wants the tokens in the first place.

So it will be like a market for all the vouchers and reward points. where anyone can sell their's and buy different ones.? That will be a cool thing to have.

Yes exactly! And GAT Coin is the currency of that market!

Already asked this but I think there was no answer so far. Will you need the GATCoins as transaction fees for sending these merchant tokens on the SLL GAT network or better, are there transaction fees at all?

You will not need GAT Coins in order to use merchant tokens, only to buy them, yes there will be transaction fees unfortunately we can't provide the service for free Wink

Quote from: robocop3 on September 29, 2017, 09:09:31 AM

very well,vouchers, rewards can be traded by Gatcoins.
when open the platform ?

Token sale begins October 28 2017, the Public launch of the GAT Exchange is scheduled for Jun 2018 as is the beta for the GAT Wallet and GAT Marketplace with full launch scheduled for October 2018.

robocop3

sr. member

Activity: 375

Merit: 250

very well,vouchers, rewards can be traded by Gatcoins.
when open the platform ?

Sozialtourist

full member

Activity: 686

Merit: 101

Quote from: GAT_Chris on September 29, 2017, 08:13:19 AM

Quote from: ubercool on September 29, 2017, 08:02:44 AM

Quote from: GAT_Chris on September 29, 2017, 07:43:52 AM

Quote from: ubercool on September 29, 2017, 07:02:53 AM

Saw the introductory video, understood the basic idea, just one doubt. Why will any big company partner with GAT.?
You see the rewards program is to keep your customers shop or buy things more and more within your brand, by using GAT they loose that. Roll Eyes

A point well taken if merchant tokens could be converted directly into products from other merchants but they can not.

For example Merchant A issues vouchers to Customer X, Customer X sells these tokens to Customer Y and uses the proceeds to by vouchers for Merchant B and buys something from Merchant B's store and Customer Y uses the original vouchers in Merchant A's store.

Who looses out in this situation? No one, The voucher Merchant A originally issued are still being spent in their store, Customers X and Y are getting exactly the products they wanted and merchants A and B are making sales that they might not have in a traditional rewards system!

Merchant tokens can only be sold to other parties that want them, so while the consumer may be converting them in to rewards from other companies they can only do so if someone else wants the tokens in the first place.

So it will be like a market for all the vouchers and reward points. where anyone can sell their's and buy different ones.? That will be a cool thing to have.

Yes exactly! And GAT Coin is the currency of that market!

Already asked this but I think there was no answer so far. Will you need the GATCoins as transaction fees for sending these merchant tokens on the SLL GAT network or better, are there transaction fees at all?

Jay2408

full member

Activity: 518

Merit: 101

🚀🚀 ATHERO.IO 🚀🚀

Quote from: ubercool on September 29, 2017, 08:02:44 AM

Quote from: GAT_Chris on September 29, 2017, 07:43:52 AM

Quote from: ubercool on September 29, 2017, 07:02:53 AM

Saw the introductory video, understood the basic idea, just one doubt. Why will any big company partner with GAT.?
You see the rewards program is to keep your customers shop or buy things more and more within your brand, by using GAT they loose that. Roll Eyes

A point well taken if merchant tokens could be converted directly into products from other merchants but they can not.

For example Merchant A issues vouchers to Customer X, Customer X sells these tokens to Customer Y and uses the proceeds to by vouchers for Merchant B and buys something from Merchant B's store and Customer Y uses the original vouchers in Merchant A's store.

Who looses out in this situation? No one, The voucher Merchant A originally issued are still being spent in their store, Customers X and Y are getting exactly the products they wanted and merchants A and B are making sales that they might not have in a traditional rewards system!

Merchant tokens can only be sold to other parties that want them, so while the consumer may be converting them in to rewards from other companies they can only do so if someone else wants the tokens in the first place.

So it will be like a market for all the vouchers and reward points. where anyone can sell their's and buy different ones.? That will be a cool thing to have.

I also think it's a quite cool idea. I mean likely everyone of us gets vouchers, coupons etc. which expire because you can't or don't want to use them. With Gatcoin you can either trade them for other vouchers, points, etc. you really want for buying goods/services or just simply for Gatcoins.

batako

sr. member

Activity: 1022

Merit: 252

Quote from: levyashin on September 29, 2017, 05:44:31 AM

Quote from: ben_GAT on September 29, 2017, 05:18:12 AM

Quote from: levyashin on September 29, 2017, 05:01:39 AM

The only thing about I'm not sure about this project is the name itself.

What is gatcoin stands for? Is it some value for Asian people, or is it just a random decision?

“GAT” stands for the “Global Awards Token”

Ok, it stands for something but still, it doesn't represent the value of the project.

Still, it's my opinion and it's not preventing me or anyone to invest. Just the thing is I would prefer something better.

Global Awards Token looks fit with the main idea behind GATCoin. Btw, name won't give a big impact to a project. As long as a project run as expected, that will be enough.

GAT_Chris

member

Activity: 64

Merit: 10

Quote from: ubercool on September 29, 2017, 08:02:44 AM

Quote from: GAT_Chris on September 29, 2017, 07:43:52 AM

Quote from: ubercool on September 29, 2017, 07:02:53 AM

Saw the introductory video, understood the basic idea, just one doubt. Why will any big company partner with GAT.?
You see the rewards program is to keep your customers shop or buy things more and more within your brand, by using GAT they loose that. Roll Eyes

A point well taken if merchant tokens could be converted directly into products from other merchants but they can not.

For example Merchant A issues vouchers to Customer X, Customer X sells these tokens to Customer Y and uses the proceeds to by vouchers for Merchant B and buys something from Merchant B's store and Customer Y uses the original vouchers in Merchant A's store.

Who looses out in this situation? No one, The voucher Merchant A originally issued are still being spent in their store, Customers X and Y are getting exactly the products they wanted and merchants A and B are making sales that they might not have in a traditional rewards system!

Merchant tokens can only be sold to other parties that want them, so while the consumer may be converting them in to rewards from other companies they can only do so if someone else wants the tokens in the first place.

So it will be like a market for all the vouchers and reward points. where anyone can sell their's and buy different ones.? That will be a cool thing to have.

Yes exactly! And GAT Coin is the currency of that market!

Quote from: magisterr on September 29, 2017, 08:03:59 AM

Quote from: GAT_Chris on September 29, 2017, 06:44:56 AM

Quote from: cantdecide on September 29, 2017, 06:04:23 AM

Quote from: GAT_Chris on September 29, 2017, 05:30:03 AM

Quote from: magisterr on September 29, 2017, 05:17:14 AM

Quote

Not the same Simon Cheong I'm afraid! Our Founder/CEO Simon Cheong is from Australia and was formerly a lawyer with the World Bank

Thanks for the answer
from which country all your team? And where registered your company? And for which market do you expect? Japan?

Our Pleasure, the majority of our team is based in Hong Kong as our company is registered here, however we have team members in other countries. Our anchor client is in Japan but we will be marketing to merchants globally and hope to be part of the adoption of crypto in everyday life across the world.

Well Japan is probably a good decision as a starting point, as they are open for development and already into crypto adaption. However, no one of your team is from Japan, right?

No Japanese team members yet, but it will be a priority when we start staffing up, to help with COTOCO onboarding etc.

But you have some japanese parthnership right now? You planning to going to japanese market? (exchanges etc)

Yes we have SK Planet Japan, we are in discussions with multiple exchanges at the moment, expect an announcement from us regarding that in the coming weeks.

bravetheheat

sr. member

Activity: 457

Merit: 251

I watch the online video, that sounds a promising project.
Under my understanding, the GATCoin can be exchanged to get a voucher, there are a certain amount of mainstream retailers support this coin.
If there is real number of retailers can support this coin and distribute voucher via this coin, i think it will boom soon.

magisterr

sr. member

Activity: 1372

Merit: 259

Quote from: GAT_Chris on September 29, 2017, 06:44:56 AM

Quote from: cantdecide on September 29, 2017, 06:04:23 AM

Quote from: GAT_Chris on September 29, 2017, 05:30:03 AM

Quote from: magisterr on September 29, 2017, 05:17:14 AM

Quote

Not the same Simon Cheong I'm afraid! Our Founder/CEO Simon Cheong is from Australia and was formerly a lawyer with the World Bank

Thanks for the answer
from which country all your team? And where registered your company? And for which market do you expect? Japan?

Our Pleasure, the majority of our team is based in Hong Kong as our company is registered here, however we have team members in other countries. Our anchor client is in Japan but we will be marketing to merchants globally and hope to be part of the adoption of crypto in everyday life across the world.

Well Japan is probably a good decision as a starting point, as they are open for development and already into crypto adaption. However, no one of your team is from Japan, right?

No Japanese team members yet, but it will be a priority when we start staffing up, to help with COTOCO onboarding etc.

But you have some japanese parthnership right now? You planning to going to japanese market? (exchanges etc)

ubercool

hero member

Activity: 1078

Merit: 504

Quote from: GAT_Chris on September 29, 2017, 07:43:52 AM

Quote from: ubercool on September 29, 2017, 07:02:53 AM

Saw the introductory video, understood the basic idea, just one doubt. Why will any big company partner with GAT.?
You see the rewards program is to keep your customers shop or buy things more and more within your brand, by using GAT they loose that. Roll Eyes

A point well taken if merchant tokens could be converted directly into products from other merchants but they can not.

For example Merchant A issues vouchers to Customer X, Customer X sells these tokens to Customer Y and uses the proceeds to by vouchers for Merchant B and buys something from Merchant B's store and Customer Y uses the original vouchers in Merchant A's store.

Who looses out in this situation? No one, The voucher Merchant A originally issued are still being spent in their store, Customers X and Y are getting exactly the products they wanted and merchants A and B are making sales that they might not have in a traditional rewards system!

Merchant tokens can only be sold to other parties that want them, so while the consumer may be converting them in to rewards from other companies they can only do so if someone else wants the tokens in the first place.

So it will be like a market for all the vouchers and reward points. where anyone can sell their's and buy different ones.? That will be a cool thing to have.

GAT_Chris

member

Activity: 64

Merit: 10

Quote from: viljy on September 29, 2017, 07:39:04 AM

I read your white paper. There are too many risks in chapter 5.3. In addition, there you write that GAT Coins are not investment products. So then interest in buying it can only be from companies that will work on your platform and issue their coupons. And such a number of warnings about risks looks like a deliberate renunciation of obligations. What can you say about this?

GAT Coins are not investment products, they will however be tradable on exchanges for other cryptos and will be the primary currency of the GAT Marketplace.

For example if a Merchant was offering vouchers that you wanted to take advantage of but had not earned or if you needed a few extra to claim the reward. You could purchase those vouchers from another user on the GAT Marketplace, but only if you have GAT Coin. So no the interest is not from the Merchant side it is from the consumer side.

The fact that there is a limited supply of GAT Coin means that one can reasonably expect the value to rise as demand for it increases as more Merchants and users adopt the technology, we believe that this offers an excellent value proposition for people that buy GAT Coin now at a low fixed rate as opposed to later on the open market.

You are right that the language is deliberate. We have worked very hard with our Skadden, Arps our lawyers to ensure absolute transparency with our proceedings and to make sure we follow all regulatory guidelines in our target markets. We want everyone who purchases GAT Coin to be clear on what they are buying and the company behind it.

matjas

full member

Activity: 798

Merit: 115

Quote from: ubercool on September 29, 2017, 07:02:53 AM

Saw the introductory video, understood the basic idea, just one doubt. Why will any big company partner with GAT.?
You see the rewards program is to keep your customers shop or buy things more and more within your brand, by using GAT they loose that. Roll Eyes

Why would they loose that? Each company will have their own platform coin and as i see it, if you will get lets say Ikea coin, and would like to change it to GAT token, the buyer will get your Ikea coin and use it on their products. So in the end Ikea will still be satisfied even thou somebody else used your coin.

Edit: ok, Chris beat me with the answer, but at least my way of thoughts were confirmed.

GAT_Chris

member

Activity: 64

Merit: 10

Quote from: ubercool on September 29, 2017, 07:02:53 AM

Saw the introductory video, understood the basic idea, just one doubt. Why will any big company partner with GAT.?
You see the rewards program is to keep your customers shop or buy things more and more within your brand, by using GAT they loose that. Roll Eyes

A point well taken if merchant tokens could be converted directly into products from other merchants but they can not.

For example Merchant A issues vouchers to Customer X, Customer X sells these tokens to Customer Y and uses the proceeds to by vouchers for Merchant B and buys something from Merchant B's store and Customer Y uses the original vouchers in Merchant A's store.

Who looses out in this situation? No one, The voucher Merchant A originally issued are still being spent in their store, Customers X and Y are getting exactly the products they wanted and merchants A and B are making sales that they might not have in a traditional rewards system!

Merchant tokens can only be sold to other parties that want them, so while the consumer may be converting them in to rewards from other companies they can only do so if someone else wants the tokens in the first place.

viljy

hero member

Activity: 1736

Merit: 857

I read your white paper. There are too many risks in chapter 5.3. In addition, there you write that GAT Coins are not investment products. So then interest in buying it can only be from companies that will work on your platform and issue their coupons. And such a number of warnings about risks looks like a deliberate renunciation of obligations. What can you say about this?

imtiazmahmood

sr. member

Activity: 476

Merit: 250

Quote from: GAT_Chris on September 29, 2017, 06:44:56 AM

Quote from: cantdecide on September 29, 2017, 06:04:23 AM

Quote from: GAT_Chris on September 29, 2017, 05:30:03 AM

Quote from: magisterr on September 29, 2017, 05:17:14 AM

Quote

Not the same Simon Cheong I'm afraid! Our Founder/CEO Simon Cheong is from Australia and was formerly a lawyer with the World Bank

Thanks for the answer
from which country all your team? And where registered your company? And for which market do you expect? Japan?

Our Pleasure, the majority of our team is based in Hong Kong as our company is registered here, however we have team members in other countries. Our anchor client is in Japan but we will be marketing to merchants globally and hope to be part of the adoption of crypto in everyday life across the world.

Well Japan is probably a good decision as a starting point, as they are open for development and already into crypto adaption. However, no one of your team is from Japan, right?

No Japanese team members yet, but it will be a priority when we start staffing up, to help with COTOCO onboarding etc.

hmm this is great idea. i think this project gonna hit on top. when will start cotoco?

Topic: 🌟 ⚡🚀ANN: GATCOIN Blockchain Rewards Program [Presale on 28 October]🌟 ⚡🚀 - page 155. (Read 51550 times)