Hm.. just started learning about team, and...
the first founder: Simon Cheong...its not the same Simon Cheong?
Simon Cheong is Singapore's 44th richest man.[1] He is the founder of the property developer SC Global Developments Company. Cheong was ranked the 22nd richest man in Singapore on Forbes' list in 2008 and has a net worth of US$245 million then.
or this different people?
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.
So this project is operated by SK Planet? Because they are in ecommerce business around Asia, Turkey and USA.
According to Wikipedia they also own a company called OK Cashback which is South Korea?s most widely used integrated loyalty program where customers can earn points across a variety of retailers and redeem those points for goods, services, and discounts with over 60,000 merchants, and 38 million subscribers on its marketing platform.
That is basically what Gatcoin platform will be doing except they will be using blockchain technology.
No not operated by SK Planet. Instead SK Planet Japan is GATCOIN's anchor client, they have a rewards network COTOCO that covers their network in Japan. It is across this COTOCO network that GATCOIN will deploy in 2018.
I haven't read the whitepaper yet but only the general idea, why I have to use GATCOIN when I can write a token contract on top of ETH or issue a token on Waves and they will have a huge scalability trough Raiden Newtork and Waves-NG ?
GATCOIN offers merchants an opportunity to plug in to a pre existing system with added functionality such as targeted airdrops, and fast transaction speed. It also provides a unified interface for customers to store and trade many different rewards programs all in 1 place.
In short we provide a solution that is functionally better, as well as being more appealing to customers.
Ok, Targeted airdrops are definetely something cool and I can see some potential. But now someone have to explain me this super large ledger technology, it's a offchain scaling solution?
This article by our Founder/CEO does a much better job at explaining it then I ever could!
https://www.gatcoin.io/how-it-works-high-speed-super-large-ledger-technology/I understand this is the Chinese ICO? It seems that the Chinese authorities will again allow the Chinese residents to participate in the ICO.
Just to be clear we are NOT a Chinese ICO, while some team members have strong connections to China we as a company are not based in China and will not be marketing to China for the ICO
Who knows when the pre-sale starts and what is the discount?
Will all countries be able to participate?
There is no presale, instead the ICO is split in to 3 stages the first 33.3% is at $0.20 per token the 2nd 33.3% at $0.30 and the final 33.3% at $0.40