added for voting, proof and forecast on YEENOT TODAY https://yeenot.today/catalog/news/194
fans say - to the moon. Lets check it!
in read:
Gifto (GTO)
5/5/2018 https://coinmarketcap.com/currencies/gifto/
Current price = $0.50 Market Cap = ~$215,000,000 ICO price = $0.10 ($30,000,000 raised in December 2017) The ICO sold out in 30 SECONDS, the fastest in cryptocurrency history. https://gifto.io/ https://gifto.io/GIFTO_Whitepaper_V2.0_20171204.pdf Ethereum ERC-20 token (Can be stored on Ledger Nano S/Trezor/MyEtherWallet)
Who is behind GTO and why was it created?:
GTO was founded by Asia Innovations Group (AIG) in December 2017. AIG has roughly 100M users in total across all of their online entertainment products.
However, Uplive is their flagship product.... a virtual gifting platform. It began in 2016 and already has 35M+ users and counting.
Uplive was started in 2016 and generated ~$120M in revenue in 2017. In 2018, revenue is expected to be in the $250-300M range.
Asia Innovations Group is utilizing the success and awareness of Uplive to bring virtual gifting to cryptocurrency, with GTO.
The unique features of cryptocurrency and blockchain technology make GTO a major value-add for content creators and users alike.
Universal Gifting Protocol:
A key distinction between Uplive and GTO is that GTO is cross-platform.
This means users will be able to send virtual gifts on Youtube, Facebook, Instagram, etc.
These sites combined have over 2 billion users.
AIG has termed this idea the "Universal Gifting Protocol".
Right now, Uplive is a "closed" network because users can only send gifts to another user within Uplive.
That said, Uplive sees 25 million virtual gift transactions per month, according to their website data.
GTO is breaking down those boundaries and opening up its virtual gifting platform to the most popular social media companies in the world.
While this may seem like a strange business model to some of us in the US/Canada/Europe, this is a proven and viable product that millennials value highly in the East Asian regions (Korea, China, Taiwan, Hong Kong, etc).
The size of this market is expected to be $8B in 2018 and increasing steadily over the next decade.
***See below for more details on virtual gifting market data:
http://www.scmp.com/tech/start-ups/article/2070238/chinas-live-streaming-boom-may-be-about-pay-globally-beijing-start
Now, let's get to the people running the show.
The Team, Partnerships & Investors:
GTO is led by outstanding CEO, Andy Tian, who has a track record of building mobile entertainment companies.
He founded AIG in 2013 and subsequently has shown success with Uplive, as GM of Zynga China, and Google/Android China.
The team has promising partnerships with some of the biggest players in the cryptocurrency space.
The list includes: Tron (TRX), Binance Launchpad (BNB), Nebulas (NAS), Kyber Network (KNC), plus more to come over the next 12 months.
Notable advisors include the co-founder of NEO, Xitters Xu and the founder of Tron (TRX), Justin Sun.
Venture Capital investors include Pantera Capital, BlockAsset Management, and KPCB -- all reputable VC firms with good historical track records.
Where we stand:
Year to date, the team has successfully beta-tested the product and has over 100,000 wallets produced.
By the end of June, the plan is to have 1,000,000 wallets fully operational.
If successfully completed, that would mean GTO would have the most active users and wallets of ANY cryptocurrency project out there (OmiseGo, or OMG, has the most right now with over 600k wallets).
Of course, there will be challenges with user adoption... -They must create brand awareness of GTO with their existing 35 million Uplive users and 65 million AIG users -Generate new potential users around the globe (that don't know about virtual gifting) -Iterate and continuously improve the product and user experience -Educate the masses on how to use and buy cryptocurrencies through exchanges
GTO is a cryptocurrency backed by a REAL company with REAL revenues and established investors/partners.
They already have experience developing a virtual gifting platform in a short span of 2 years with exponential growth.
The future is bright for GTO.
PRICE PREDICTIONS:
December 2018 = $3-4 (1.25B+ market cap)
June 2019 = $6-7 (2B+ market cap)
December 2019 = $10 ($4-5B+ market cap)
Topic: Gifto (GTO) Research Report & Price Predictions for 2018 (Read 88 times)
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