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Description

Description


Giftcoin is a groundbreaking new system designed to revolutionise charitable giving. With confidence in the charitable sector being seriously compromised, never has cultivating trust with donors been more important. Giftcoin is about creating transparency and trust in the giving process. Right now, giving money to charity is a one-directional experience. You give money, and you hope it goes where you intended it. When you give with Giftcoin, you can have absolute confidence that your money is going exactly where you intended.

Giftcoins vision is to create a world in which every time you give money to charity and good causes, you have total trust that your funds are going exactly where you want them to. By giving absolute trust and confidence, they believe donors will choose to give more money to the causes they care about. At a time in history of seemingly endless natural disasters, the refugee crises in the Middle East, and a greater divide between rich and poor than ever before, the need has never been greater for such a platform.

 

Full Name Giftcoin (GFT)
Start Date 2018-11-01
Algorithm N/A
Proof Type N/A
Website https://www.giftcoin.org/
Twitter https://twitter.com/GiftcoinCrypto
Facebook N/A
Reddit N/A
Block Number N/A
Block Time N/A
Block Reward N/A
Previous Total Coins Mined N/A
Net Hashes Per Second N/A
ICO Details

ICO Details


The Giftcoin vision is to offer a feeless system for end to-end giving. This means that all funds that exist within the Giftcoin system can move without any fees. To ensure a viable business model for the long-term and to make sure the platform can sustain beyond the planned token offerings, a small charge (anticipated to be 1%) will be levied for exchanging fiat into Giftcoin and vice versa. This will also incentivise users to keep funds within the Giftcoin system. The funds from the first token offering event will be spent with the following distribution:

  • 50% Tech development
  • 35% Overheads
  • 15% PR, marketing and sales

To participate in Token Offering 1 you need to self certify as a sophisticated investor as well as pass KYC (Know Your Customer) and Anti Money Laundering (AML) checks.

Bonus Structure:

  • 50% in the pre-sale (+10% bonus coins)
  • 35% first 24 hours (+5% bonus coins)
  • 25% first week (+3% bonus coins)
  • 15% second week

Team:

  • Alex Howard: Charity Founder & Visionary
  • Tim Bichara:  Product & Charity Evangelist. 
  • Jon Beddos:  Enterpreneur & Investor
  • Chris Cain:  Thought Leader & Crypto Enthusiast. 
  • Ben Evans: Technologist and Blockchain Enthusiast 

Giftcoin will be holding its ICO from December 11th 2017 to January 11th 2018. The ICO token supply represents 10% of the total 200 million Giftcoin tokens. Users will be able to purchase tokens with BTC and ETH, at a fixed price of 0.5 USD. The ICO funding cap is $10M.

Token Reserve Split (90%):

  • 35% Token Offering 2,
  • 25% Giftcoin Foundation reserves;
  • 10% Founders;
  • 5% Investors;
  • 15% Undefined (Research, community initiates etc)

 

ICO Status Finished
Token Supply 200000000
Start Date 2018-03-20
End Date 2018-04-19
Fund Raised (BTC) 23,346,189 Tokens distributed in ICO 12873094.5 USD
Fund Raised (USD) 12873094.5
Start Price (USD) 0.5
Security Audit Company N/A
ICO Legal Form Pty Ltd
ICO Jurisdiction UK
Legal Advisers N/A
Blog N/A
White Paper https://www.giftcoin.org/GiftCoin_Whitepaper_v1.pdf
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