After reading about this ICO and speculating whether or not the Asian market was something that I wanted to delve into, I was further disappointed as U.S buyers were prohibited in participating.. Nonetheless.. a couple of days ago, after dropping on Binance, (the only one so far) the price was inflated just under .40%. A major reason that I see this happening was in part to the success that the ICO had. After only just ONE minute, the 30million coin cap was filled, and the ICO ended at 12:01 PM. Making it THE most successful ICO to date.
The company behind GIFTO is Asian innovations Group, a fast-growing social apps company with over 100M users to date (founded in 2013).
UpLive, one of AIG's apps, is a live video streaming app with a gamified gifting solution that enables emotional interaction between broadcasters and their followers. Currently, users of UpLive are buying virtual gifts worth Millions of USD each month.
AIG wants to enable anyone to give and receive virtual gifts in an easy way. Gifto is a decentralized gifting protocol based on the Ethereum blockchain and a virtual gifts market place. Gifto will first serve UpLives' 60,000 broadcasters to receive gifts from their millions of followers from other social media platforms such as Facebook, Instagram, YouTube and others.
The team is strong and well experienced in the necessary fields, the advisory board is well respected in the crypto sphere, the crowdsale details are fair (low cap, low bonus to early contributors), and the first pilot of the Gifto protocol is expected to launch by the end of December 2017.
While the price of .40$ is an immense start, the market for this kind of technology I believe is going to explode throughout the middle eastern/Asian marketplace. The team behind the ICO project is also one that I can see marketing this thing in an exponential way, a complete team, with players like:
Andy Tian
Group CEO
Asia Innovations Group
Andy Tian Linkedin Profile
Successful serial entrepreneur (AIG, his fourth startup). Previously general manager of Zynga China and while at Google, introduced Android to China. MIT BS & MA degrees in computer science.
Charles Thach
Chief Crypto Officer
Asia Innovations Group
Seasoned banker (15yrs+). AML/KYC expert. Investor in blockchain companies. Co-authored US patent pending technology to build a massively scalable and transactional cryptocurrency wallet. HEC Paris MBA and Georgetown BS degrees.
Danny Yang
CEO Blockseer
One of the earliest pioneer in blockchain technology. Artificial intelligence veteran. AML expert. Inventor. Serial entrepreneur: like.com, Maicoin, ScoreData, and Seravia. Harvard BS and Stanford Ph.D. degrees
Among their team of extremely qualified blockchain entrepreneurs, Gifto, has announced a partnership with TRON, a decentralized protocol that aims to construct a worldwide free content entertainment system using blockchain and distributed storage technology. Gifto will leverage TRON’s underlying technology to help facilitate massive transactions of users using virtual gifts.
Gifto and TRON are both innovating the content creation space using blockchain technology and together we will be able to offer anyone an alternative to the standard model of content creation ownership and monetization that is available today,” said Andy Tian, the former head of Zynga China and now the CEO of Asia Innovations Group (AIG) – the creator of Gifto. “Very soon, content creators will enjoy the benefit of blockchain technology and we are thrilled to partner with Tron to help make this a reality.” yesterday, after a period of 50% price consolidation, I believe this could be the next explosive altcoin to come out of our friends overseas