Counting Down to GIFTO Crowd Sale
Hi everyone, Andy Tian here, it’s now just 5 days from our public crowd sale on Dec 14th, and we are flattered and overwhelmed by all the support from the community. Our private sale was 3x oversubscribed, so we had to close it early; much apologies to all the folks who did not get allocations. Now that we are heading into the crowd sale, our whitelist is also growing very quickly. Therefore, we would like to clarify and reiterate a few points so that we minimize confusion. After all, this is our first token offering, but it might not be the first for many of you who are interested in purchasing. I am sure there are a lot of things that we can do and communicate a lot better, so please bear with us.
1. Crowd sale timing and mechanism
As we announced, crowd sale will begin at 8pm Singapore Time (GMT +8) on Dec 14th. This is to accommodate our main audience in the Asian community. Crowd sale will only be available to whitelisted supporters who have specified and passed one of the 2 levels of our KYC/AML checks:
- Basic KYC: <=$1,000 USD equivalent ETH
- Enhanced KYC: <=$10,000 USD equivalent ETH
We do not accept contributions from citizens of China, US, and Vietnam due to legal conditions in those countries in relation to cryptocurrencies. Furthermore, we exclude countries listed as high-risk and non-cooperative jurisdictions by the international body The Financial Action Task Force (FATF) (specifically, Bosnia and Herzegovina, Democratic People’s Republic of Korea (DPRK), Ethiopia, Iran, Iraq, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, Vanuatu, Yemen.)
We have decided on a peg of 4300 GIFTOs to 1 ETH, with minimum amount of contribution at 0.3 ETH and the maximum up to 10,000 USD equivalent in ETH. We will conduct the crowd sale in a first-come-first-serve manner until 23,240 ETH has been received in our public wallet. Thereafter, the public wallet will be automatically closed. All private sales tokens will be manually double checked and sent as soon as checking finishes.
As you noticed, we don’t have tiers and discounts in the crowd sale, ie, “the first xx ETH’s invested get 20% off!!” We do not give bonuses except for some very strategic investors investing large amounts in the private sale. Even then, our bonuses are the lowest in the industry. Why do we do this? We believe our tokens represent the growth and longevity of our project. And we believe that you, our individual token buyers in the community who want to participate in crowd sale deserve as good a price as we can give you.
We have been bombarded by private sales requests and sadly we have to reject most of them, as we only allowed folks and institutions who are truly offering us strategic value, like Pantera or Block Assets. Private sale folks also have their GIFTOs locked up for 6 months, as they believe in long term value of our GIFTO.
2. How many tokens do I get?
The high volatility of ETH price has made our considerations of a fair and consistent offering extremely challenging. We started with the intention of selling 300 million of GIFTOs for USD 30 million in ETH, and then peg our hard cap to 100K ETH when ETH price was 300. With the demand of our private and public sale, we could have kept the hard cap to 100K ETH, which is equivalent to USD 50 million with today’s ETH price. However, we want to keep our promise to our investors and supporters, so we have waited until now, 5 days before the crowd sale, to peg 4300 GIFTOs to 1 ETH.
3. Token offering and Community partners
In addition, we are lucky to have a lot of great evangelists and community leaders around the Asia Pacific region who are helping us to get the word out. It is our intention to reach deep into each country and really galvanize local supporters in local languages. We would like to give all the folks who have helped us due recognition for all the assistance, and we look forward to working with them long term to continue building and serving our community.
There is a lot of different information flying around, so be very careful of what you hear. The folks below are our only partners in each region. If you are not sure about something you see, please ask the folks below, or ask us directly in our Telegram Group, “GiftoOfficial”
Our representatives:
- Korea: the Ethereum meet up team, ChainBridge and Token Post
- Taiwan: Mr. Block, Block One, Blockcamp, WeToken
- Thailand: Block Accelerate
- Hong Kong: Orichal Partners
- Singapore: Blockfolks
- Japan: Koharu Japan
- APAC: BWF Club Community Partner
- International: Binance and KKCoin
We could not have reached such a high demand without all of your help! The crowd sale is just the beginning of our journey and we look forward to building the biggest and most diverse community ever with all of you!

