Bi-weekly Update: 7 September 2018

Dear GAT Community,
Welcome to our regular bi-weekly update!
Alpha Testing & Release
We’ve spent the last couple of weeks testing the app. The app is functioning beautifully, and Alpha is on track for completion this month.
Just to remind everyone about our release schedule, here it is again:

Marketing & Re-Branding
Our lawyers have completed international trademark filings in all our key target markets around the world. Steve Davis and the design team continue to work on our new marketing assets. We’re also in the process of hiring marketing agencies to assist with app launch and promotion.


Team Expansion
We’ve hired another developer and are interviewing candidates for our business development team. The office is filling up fast.
A-Drop Patent Progress
All is progressing well with our international patent applications, and there have been no challenges or objections to any of our filings.
KuCoin Update
As some of you may already know, KuCoin have designated the GAT:ETH and GAT:BTC trading pairs on their platform under “Special Treatment” due to low trading volumes. It’s unfortunate, given that we are so close to product launch. However, we are in constant communication with KuCoin to re-assure them that volumes will increase as we approach launch.
We released a statement in our Telegram channel on 27 August 2018 which is reproduced here for our Medium readers:
We can verify that KuCoin have designated the GAT:ETH and GAT:BTC trading pairs under “Special Treatment”, which means that if trading volumes remain low for a certain “observation period”, KuCoin have the right to de-list GAT from their trading platform. More information about KuCoin’s Special Treatment (ST) designation can be found here. As of today, there appears to be 18 coins (including GAT) which have been given the ST designation.
The GAT team are aware of the situation. GAT is communicating with KuCoin to explain the timing of the upcoming App launch as well as the scheduled increase in marketing activity that will accompany product launch. As you know, significant interest in GAT is likely to occur during product launch, and that trading volumes will increase accordingly. That said, however, we cannot predict what action KuCoin will ultimately decide to take, and whether they will have patience with our 2018 schedule.
While GAT obviously wishes to avoid a potential de-listing, GAT has no intention of diverting resources away from product development or business expansion purely to satisfy the minimum trading volume requirements of a single exchange. This would be antithetical to the GAT ethos, which is to focus on delivering a great product that drives true demand for the GAT. Relying on hype and pure speculative interest was never part of the business plan.
We also wish to remind the community that GAT is tradable on Coss, Liquid (formerly Qryptos), Lykke and Gatecoin, all of whom GAT has a good relationship with. GAT management is committed to maintaining a liquid tradable market for the GAT, and plans to continually add more exchanges after product launch.
Looking Ahead
During the coming weeks we will continue to focus on testing and refining the app for completion of the Alpha. After Alpha, all eyes will turn to Closed Beta testing and launch in Q4.
That’s all for this update. If you have any questions, or would like to join the official GAT community discussion, please join our Telegram group here.
Simon Cheong, Founder & CEO
“GAT” is short for “Global Awards Token”, a crypto-currency designed to facilitate micro-transactions in the global rewards and loyalty industries. More information about GAT can be found here.
