Buy Gifto (GFT)
What is Gifto?
Gifto is a Web3 blockchain solution that was launched in 2017. It is designed to facilitate the creation, storage, and gifting of blockchain presents, such as Non-Fungible Tokens (NFTs). Gifto operates as a decentralized gifting protocol on the BNB Smart Chain and uses smart contracts to execute virtual gifts. The Gifto platform also allows for the creation of NFTs, staking of GFT tokens for rewards, and donations to charity.
How does Gifto work?
Gifto operates on the BNB Smart Chain using BEP20 tokens, leveraging smart contracts to ensure secure and transparent interactions. It uses a Proof of Stake (PoS) consensus mechanism, allowing validators to create new blocks based on staked tokens. Gifto also provides a Web3 wallet for managing GFT tokens and other BNB Chain tokens. Additionally, smart contracts are utilized to manage virtual gifts, ensuring encrypted and transparent transactions.
What are the potential use cases for Gifto?
Gifto has several use cases, including:
- Virtual Gifting and Content Monetization: It enables content creators to monetize content through virtual gifts from fans.
- Digital Collectibles: Platforms where users can create, store, and send e-cards, PFPs, NFTs, or red envelopes.
- Real-World Applications: Integrated into apps like Uplive to facilitate gifting among a large user base.
- Charitable Donations: Enables users to donate cryptocurrency to charitable causes.
What is the history of Gifto?
Gifto was founded by Andy Tian and the Asia Innovations Group in 2017. It debuted with a successful ICO raising $10 million. Initially integrated with Uplive, Gifto gained a large user base. Significant milestones include migrating from Ethereum to the BNB Smart Chain in 2023 and renaming its token from GTO to GFT. Over the years, Gifto expanded its offerings to include more features like NFT creation and charity functionalities.
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Frequently Asked Questions (FAQs)
What is the current price of Gifto (GFT)?
The Gifto price is $0.00029956 AUD, representing a -3.45% from the day prior.
Where is the best place to buy Gifto (GFT) in Australia?
The best place to buy Gifto (GFT) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Gifto (GFT) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Gifto (GFT)?
The trading volume of Gifto (GFT) is $45.2K AUD in the last 24hrs, representing a -3.45% from the day prior.
How can I buy Gifto (GFT)?
Gifto (GFT) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Gifto (GFT)?
The current market cap of Gifto (GFT) is $4.7M AUD.
Can I convert Gifto (GFT) to cash?
Yes - With Coinstash you can convert your Gifto (GFT) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Gifto (GFT) are there?
The current circulating supply of Gifto (GFT) is 2.2B.
Is Coinstash a safe place to buy Gifto (GFT) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Gifto (GFT) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.