Gifto Wallet Now Available in the U.S. and China

Gifto Official
Jun 7, 2018 · 3 min read

We are ecstatic to announce that as of yesterday, the Gifto wallet is now accessible to Giftomon gamers, Uplive users and livestreamers from most countries in the world, including China and the U.S. This is yet another huge milestone for the team on our quest to bring crypto mainstream.

Gifto’s vision is to build an ecosystem of dApps which will enable content creators to monetize their content far more than they currently do. One way we’ll accomplish this is by providing them a way to receive gifts of monetary value from their fans with very low intermediary fees — a core value proposition of crypto-currencies. As a first step towards that vision, we integrated the Gifto token into our popular Uplive livestreaming app, and making the Gifto wallet available to most users globally is a major milestone in blockchain technology.

Gifto Deep Dive: Fees in Uplive

Our community has been interested in learning more about how fees in Uplive are calculated with Gifto, and we wanted to share more detail here building off of last week’s Ask Andy Anything(AAA). Broadcasters in Uplive earn 50% or more of all Gifto gifted to them, which is the same as Uplive’s native virtual currency, uDiamonds. This is different than the vision for our Universal Gifting Protocol outlined in our whitepaper because the Universal Gifting Protocol is the bigger vision beyond Gifto Uplive. The whitepaper vision refers to a self-service platform for gift makers, content creators, and fans; a decentralized model where the community powers itself — from gift creation all the way to the monetization of content. That’s very different than Uplive, where the Uplive team actively manages over one hundred thousand broadcasters and creates and curates thousands of world class virtual gifts to ensure a top-quality live streaming experience for all users around the world.

In sum, our whitepaper vision maps out a largely decentralized ecosystem for gifting. For Uplive, our first step towards that vision, involved integrating the coin into an existing, centrally-managed product with monetization standards and rules already in place.

Thanks to our learnings from integrating Gifto into Uplive, we’re well on our way towards building the self-serviced de-centralized virtual gifting platform as outlined in the whitepaper, where through Gifto, all content creators can enjoy much stronger monetization of their work and creativity.

Uplive, Gifto, and our Partners in the News

The Future of Blockchain and Startup

Dylan Park, Head of Gifto Korea, will have an interview with media outlet on blockchain. Gifto is an Ethereum-based(ERC-20) entertainment coin to improve monetization ecosystem for all contents creators around the world. This cryptocurrency is applied in streaming platform Uplive that more than 35 million subscribers are registered. Of note, the company is operated by adding tokens in the previous business. It is an ordinary case of reverse ICO that changes the previous ICO by releasing ideas and manuals as well as procuring money.

The Number of GIFTO Wallet Holders Surpasses 500K

GIFTO announced that over 500,000 users now utilize its proprietary e-wallet within its Uplive live streaming app as well as on the Ethereum blockchain. This figure includes over 396,922 users in Uplive who are actively using the wallet to hold their GTO (Gifto tokens) off-chain. Mr. Andy Tian, CEO of Gifto, said: “Reaching 500,000 deployed GIFTO wallets is the first important milestone for GIFTO’s quest to become the first massively adopted blockchain protocol in the world. This represents the power of our existing user base and products in helping to push blockchain beyond the core market of crypto enthusiasts, and into the billions of mass market users world-wide.”

GIFTO KOREA

GIFTO will Speak at the 10th Global Startup Conference

The 10th Global Startup Conference (GSC) covers the topic of “Blockchain and Startups” on June 14th 2018. Dylan Park, Head of Gifto Korea, will speak at the 10th GSC about “Reverse ICO Strategy of Startups.” Other notable figures such as Roger Ver (CEO of Bitcoin.com) will also speak at the conference.

GIFTO partners with BITMAN, #1 Crypto Community in Korea

BITMAN, Korea’s top crypto community with close to half million users, and GIFTO has agreed to partner up to support each other’s community growth. As the first effort, GIFTO will be operating official Gifto Community Forum section on BITMAN this week.

Gifto Official

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The mass adoption crypto token and wallet for fun, fans, and content creators.

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