GIFTO (GTO) Achieves A $9.65M Market Capitalization

The altcoin news and rumors now show that an exciting coin is on the corner. Named Gifto (GTO), this new altcoin has been trading up against the US dollar and recently achieved a $9.65 market capitalization. During the last few days, Gifto has added around 48.6% against USD which is how it increased its market cap.

Now, one Gifto token can be bought for $0.0147 or 0.0000149 BTC on the popular cryptocurrency exchanges including CPDAX, Bithumb, Bibox and Coinnest. But what is really interesting is how Gifto works and what makes the system unique.

The entire coin and ecosystem around it was established in Taiwan in 2017 as a decentralized virtual gifting protocol which incentivizes its users to buy and send gifts to content creators worldwide. Gifto wants to build a large pool of content creators and envisions itself as the most widely used application token in the world.

From that perspective, this altcoin is challenging content monetization through its blockchain gifting platform. The truth is, Gifto (GTO) is getting very popular in the altcoin and blockchain news now for its concept.

In times when live streaming services (which let content creators broadcast their talents to a worldwide live audience) are expected to make up 82% of all the Internet traffic, live-streamed content is getting massive attention.

Gifto (GTO) is part of this movement and is actually trying to change the monetization of the entire system. The CEO of Gifto, Andy Tian, has spoken to several cryptonews outlets so far about this model. As the CEO of Asia Innovations Group (a blockchain project challenging the current creation monetization models) said, Gifto’s vision for the future is unique.

“We’re different from most projects in that we’re backed by the Asia Innovations Group, the company behind Uplive, a global live streaming platform with over 100 million users, so we already have the user base to drive mass adoption with,” the CEO Andy Tian explained when asked about Gifto.

Even though there are still some flaws in content monetization, Gifto (GTO) wants to challenge them all and help content creators “make a consistent living from their outstanding shared content” as the CEO said.

“Gifto’s virtual gifting in UpLive not only rewards content creators, but deepens the connection between fans and creatives, by making gifting fun and memorable,” he concluded.