What is Gifto (GTO)?
GTO is the native token of Gifto, which is a blockchain-based gifting platform that allows users to give virtual gifts to their friends and family. The platform was launched in 2017 on the Binance Launchpad.
Gifto also aims to connect unique content creators and their fans through virtual gifting. The gifts that can be exchanged on Gifto include tokens, NFTs, memes, collectibles, and much more. Besides, Gifto has a reward system, which is used to incentivize active gifters, gift creators, and community members.
You can check the Gifto price chart above if you care to see the current GTO price.
Overall, Gifto seeks to build a Universal Gifting Platform (UGP) that is decentralized, has universal token support, supports different social media and messaging platforms, and is customizable.
Apart from the platform's native token, GTO, various other cryptocurrencies can be used to create and share gifts. Besides, the Gifto platform is compatible with all major social media platforms such as Facebook, Instagram, and Telegram. Thus, users can send gifts to their friends through their social media handles and IDs.
The Gifto ecosystem is designed to be decentralized, transparently record all transactions and gifts, and fairly compensate those who contribute to the ecosystem's growth.
Use Cases of GTO Tokens
GTO is the native utility token of the Gifto platform. The token comes in two formats – one based on the ERC-20 token standard and the other on the BEP-20 token standard. Thus, the token can be easily used for cross-chain activities between Ethereum and BSC networks.
Primarily, GTO coins are used to create, send, and redeem gifts on the Gifto network.
Besides that, GTO tokens can be staked to generate rewards. Besides, by staking GTO tokens, users have the option of becoming super nodes. The job of super nodes is to process transaction blocks on the Gifto blockchain.
Apart from earning through staking, users can also earn GTO tokens through a referral program. All they have to do is invite their friends to the platform, who then have to deposit GTO tokens for their gifting activities.
Lastly, GTO tokens can be earned by creating Gifto blockchain gifts that can be bought and used by other members of the ecosystem.
Don't forget to check the current or the previous GTO price that is featured on the aforementioned Gifto price chart above.