Gifto Ecosystem Token Release Update
We previously announced in our token release schedule that we would target using 50m GTO per year (~5% of total supply) to grow the ecosystem starting in 2019. In March we released 20m tokens, the first portion of the annual guidance of 50m, for partnership implementation this year. Gifto’s circulating supply now stands at 55%, a low figure compared to most coins in the top 200, and a testament to our tight management of ecosystem tokens.
Today we’ll be releasing another 30m GTO (~3% of total circulation), bringing the released total in 2019 to 50m, in line with our guidance to the community.
These tokens will be primarily used for bold Gifto ecosystem initiatives, including large partnership implementations where both partners are bearing costs. Some of the more exciting initiatives we are exploring include:
- Investment in new blockchain technology to more fully develop the whitepaper vision
- Using the Gifto Wallet with 3rd parties which will dramatically increase usage and exposure
- A Gifto Creators’ Fund to incentivize and drive GTO and Gifto product usages
Note that “releasing” tokens simply means we are releasing them from our on-chain company reserve wallets, to use as needed throughout 2019.
As we have stated previously, we currently expect to release 50m Gifto per year. As we grow Gifto and market continues to evolve, if there are opportunities that require more releases that will benefit the ecosystem and token holders, we would be transparent about such an action.
We appreciate the community’s feedback as we have worked for a high level of transparency in our token management, and look forward to being able to show significant progress towards mass adoption in 2019 and this quarter!
