Gifto (GFT) is a Web 3.0 focussed blockchain protocol to incentivize content creation without intermediaries. By adopting this platform-agnostic protocol, creators can reduce their dependence on ad-based revenue models.
What is Gifto?
Gifto is a decentralized universal protocol enabling fans to send gifts directly to creators. These gifts can be purchased or sold using GFT, the native ecosystem token of Gifto. The primary goal of Gifto is to establish a direct and independent income stream between creators and consumers, eliminating the need to rely on ad-based revenue channels provided by platforms like Facebook, Instagram, and others. By utilizing Gifto, creators can generate income directly from their audience's appreciation and support.
The Gifto team
The Gifto protocol was developed by Asia Innovation Group (AIG), a prominent mobile entertainment company known for its large user base. Andy Tian is leading the company as CEO, bringing his expertise from MIT and his previous experience at Zynga to the Gifto project. The extended team of Gifto includes Charles Thach as the Chief Crypto Officer and William H. Nguyen as the Chief Crypto Architect, further bolstering the project's expertise and leadership in the cryptocurrency domain.
How does Gifto work?
The Gifto protocol is built on the principles of decentralization and immutability, which are fundamental to blockchain technology. By implementing the git as a smart contract-powered asset, the protocol ensures that the movement of gifts is trustless and tamper-proof.
Gifto strives to establish itself as a self-sufficient and self-governing ecosystem. To achieve this, the Gifto ecosystem is composed of various components. One such component is the Gifto Gift store, where creators and fans can monetize their artwork and engage in transactions. Additionally, Gifto provides a wallet for managing digital assets, a portal for accessing the ecosystem's features, and utilizes ERC-20 GFT tokens as the native currency within the ecosystem.
Gifto’s native token: GFT
GFT serves as the native token within the Gifto ecosystem. Users can utilize these tokens to purchase gifts, while creators can sell them to redeem their value. Since GFT tokens adhere to the ERC-20 standard, they can be stored in any ERC-20 compatible wallet.
GFT tokenomics
The Gifto ecosystem has a total supply of 1.02 billion GFT tokens, with approximately 99 percent currently in circulation. This high circulation rate contributes to the liquidity and trading potential of GFT tokens. The distribution of token holdings shows that the top 100 GFT holders control around 98.16 percent of the total supply, while the top 10 holders account for nearly 94.5 percent.
GFT tokens have the primary purpose of facilitating the purchase and redemption of gifts within the ecosystem. In addition to their use in gift-related activities, GFT tokens can be earned as staking rewards.
How to stake GFT?
Staking GFT tokens offers a novel and innovative concept. GFT creators can stake their tokens to unlock creation incentives, while users can stake their tokens to reduce redemption fees. Additionally, staked tokens contribute to supporting the network. Similar to other staking programs, a portion of the fees is returned as a reward for participati
GFT distribution
The distribution schedule for Gifto tokens (GFT) within the Gifto ecosystem is allocated as follows:
- Eighty percent of the tokens are allocated to the content creator as a reward for their contributions.
- Five percent of the tokens are allocated to the gift creator, but this allocation is contingent upon the correct intellectual property (IP) being used.
- Ten percent of the tokens are allocated to the Gifto protocol, which supports the ecosystem.
- Three percent of the tokens are allocated to the rewards pool, which accumulates GFT and is periodically distributed to fans and viewers.
- Two percent of the tokens are allocated to the gift curator and are designated for reviewing the quality of the gifts.
The future of Gifto
Gifto (GFT) is a protocol and cryptocurrency which content creators should watch. With the advancements in AI technology driving content creation and distribution to new levels, Gifto's roadmap is well-crafted to address the needs of creators. The protocol's focus on unifying payment systems and reducing transaction fees holds great potential. Gifto may very well be the solution that continues to provide ongoing benefits and opportunities for content creators in the future.
