🌟 ⚡🚀ANN: GATCOIN Blockchain Rewards Program [Presale on 28 October]🌟 ⚡🚀

[Islapdonkey]

So this is an ERC 20 token that enables you to offer token? why do you need a middle man to offer a token, when most company can just offer their own ERC 20?

Probably companies won't want to do a token. It's an unknown territory for companies who haven't been in the blockchain. So they sure would want to work with some program like Gatcoin.

Exactly, consider this for example - small brand of stores wants to have somekind of loyal program for custormers, so they need to issue their own card. With GAT there will issue their own tokens and you as a customer won't be need to carry your card to collect loyal points

Yes, right. And what's more (that's what I like in particular), you can trade among your several loyalty tokens, e.g. trade your tokens a drugstore chain for flight miles 

you just agreeing with each other without answering my question. Why would a store pay to utilize GATCOIN when they can provide the same service and save alot of money by creating their own erc-220  token. Also, there is already several companies offering an identical service.

[Islapdonkey]

Again, most companies might not be blockchain savvy yet but a quick Google search on creating ERC token will show the steps involved and it's not that complicated. It takes less than 30 mins to create one. I have created several tokens and am not that technically inclined, so it would makes sense that companies actually interested in blockchain will easily  learn the process.
 So, my question is how does GATCOIN plan to stay viable 6mths - 1yr down the line as most individuals find out that solidarity is not rocket science and most of this scripts can be easily created or emulated. Why will companies subcontract GATCOIN ( a company using ERC 20) to create a token for them when it takes less than 30 mins to create your own ERC 20 token.

Well Gatcoin also offers a mobile token wallet for all their merchant tokens and the possibility to trade these merchant tokens on their own exchange for an other one. If you issue your own token, trading isn't that easy (except maybe Etherdelta).

So basically Gatcoin is an exchange utilizing erc token to get of the floor and all they basically offer is a wallet and token. Also, don't sell me the line about ED been the only easy exchange to get into. We all receive several free airdrops that is trading on several platforms. So why will a well known company decide to pay to commission Gatcoin to release their token. Again ERC 20 tokens are very easy to create. Let say 1 or 2 companies bite cos solidarity comprehension is at an infantile stage. anyway, how do they keep Gatcoin viable a yr down the line, when this things cease been an issue.

The way i see it is like you said, its easy to make a ERC20 token, you made several but what value does a token have if its not backed by some platform or a project behind it.
If a company creates a token just because they can, it wont benefit them nor the clients, but if you integrate it in a platform like Gatcoin, you get a lot of different options to utilize it.

having your token of Gat's platform doesn't give you automatic liquidity, your coin has to go thru the same process as any other coin. it takes a decision to buy from investors to gsin liquidity. so there no difference btw me creating an erc 20 and lisiting it on nova exhange and me having the same token under gat's platform. only difference is gat's token is not an erc 20 token, anf it's listed on there exchange, but you pay them for it. So basically, it's no different than wallet builder incorporating an exchange into their platform and deciding to have an ico, cos its basically the same thing

[magisterr]

Just seen project, and.. Im looking, that founders are from Japan?  
hm... its may be first project from Japan as i know... exept Bitcoin and Comsa  

[Elkmar]

Someone has a link to the whitepaper please ?

[magisterr]

Someone has a link to the whitepaper please ?

i find whitepaper on their site
https://www.gatcoin.io/wp-content/uploads/2017/09/170919v2-Whitepaper-EN.pdf

also here is another instruction: GAT SYSTEM OVERVIEW
https://www.gatcoin.io/documentation/

https://www.gatcoin.io/wp-content/uploads/2017/09/170928v2-GATCOIN-System-Overview.pdf

Just started to learn this project also.. looks like interesting  

[Voltaje]

Just seen project, and.. Im looking, that founders are from Japan?  
hm... its may be first project from Japan as i know... exept Bitcoin and Comsa  

I'm not sure if the founders and the project are from Japan, that it has Japanese clients is another thing, the concept is interesting, but it wouldn't have attract much attention if it weren't because of its first client, which is not small, eventually, other companies will copy the structure or will ask to be part of gatcoin, i like that ehy will have an internal exchange just for the subtokens of gatcoin, which will be faster than the network, so it means that if I have got coins, I will be able to trade it for discounts, loyalty points, etc., I wouldn't need to go to the market and make a purchase to get point, so it will have some value, but I would like to know what gives the token value? apart from the uses for rewards from retailers, does it have a deflationary system? will part of the profits be used to buy the market in exchanges?

[the_donald]

So this is an ERC 20 token that enables you to offer token? why do you need a middle man to offer a token, when most company can just offer their own ERC 20?

Marketing and popularity would be bigger on 1 concentraded i would say

No I think a token for every company is very good. We just need some exchanges where you could change them fast.

why? I'll tell you why. Imagine you had to download an app for every restaurant you want to order from , instead of having one app that centralizes and orders for you, from all restaurants. Get it now?

[magisterr]

Hm.. just started learning about team, and...
the first founder: Simon Cheong...its not the same Simon Cheong?

Simon Cheong  is Singapore's 44th richest man.[1] He is the founder of the property developer SC Global Developments Company. Cheong was ranked the 22nd richest man in Singapore on Forbes' list in 2008 and has a net worth of US$245 million then.

or this different people? 

[ParRus]

found on GATCOIN youtube channel great presentation
guys, I think you will be interested to see this too:
https://www.youtube.com/watch?v=PCmuVdFOx4k

[haxllega]

There are many ICOs now similar to this one. It will be a huge competition in this field but I am curious who will be the leader

[niklasmato]

Are there any big partners available yet? I really like the concept of loyalty points tokenised in the blockchain. Good luck

[magisterr]

Are there any big partners available yet? I really like the concept of loyalty points tokenised in the blockchain. Good luck

you can see parthner on the first page in the left side.
Some of them: dappbase, coiioco, japan planet and orher

[matjas]

So this project is operated by SK Planet? Because they are in ecommerce business around Asia, Turkey and USA.

According to Wikipedia they also own a company called OK Cashback which is South Korea’s most widely used integrated loyalty program where customers can earn points across a variety of retailers and redeem those points for goods, services, and discounts with over 60,000 merchants, and 38 million subscribers on its marketing platform.

That is basically what Gatcoin platform will be doing except they will be using blockchain technology.

[Affchain]

Again, most companies might not be blockchain savvy yet but a quick Google search on creating ERC token will show the steps involved and it's not that complicated. It takes less than 30 mins to create one. I have created several tokens and am not that technically inclined, so it would makes sense that companies actually interested in blockchain will easily  learn the process.
 So, my question is how does GATCOIN plan to stay viable 6mths - 1yr down the line as most individuals find out that solidarity is not rocket science and most of this scripts can be easily created or emulated. Why will companies subcontract GATCOIN ( a company using ERC 20) to create a token for them when it takes less than 30 mins to create your own ERC 20 token.

Well Gatcoin also offers a mobile token wallet for all their merchant tokens and the possibility to trade these merchant tokens on their own exchange for an other one. If you issue your own token, trading isn't that easy (except maybe Etherdelta).

So basically Gatcoin is an exchange utilizing erc token to get of the floor and all they basically offer is a wallet and token. Also, don't sell me the line about ED been the only easy exchange to get into. We all receive several free airdrops that is trading on several platforms. So why will a well known company decide to pay to commission Gatcoin to release their token. Again ERC 20 tokens are very easy to create. Let say 1 or 2 companies bite cos solidarity comprehension is at an infantile stage. anyway, how do they keep Gatcoin viable a yr down the line, when this things cease been an issue.

The way i see it is like you said, its easy to make a ERC20 token, you made several but what value does a token have if its not backed by some platform or a project behind it.
If a company creates a token just because they can, it wont benefit them nor the clients, but if you integrate it in a platform like Gatcoin, you get a lot of different options to utilize it.

having your token of Gat's platform doesn't give you automatic liquidity, your coin has to go thru the same process as any other coin. it takes a decision to buy from investors to gsin liquidity. so there no difference btw me creating an erc 20 and lisiting it on nova exhange and me having the same token under gat's platform. only difference is gat's token is not an erc 20 token, anf it's listed on there exchange, but you pay them for it. So basically, it's no different than wallet builder incorporating an exchange into their platform and deciding to have an ico, cos its basically the same thing

You are right that any company can just create their own ERC-20 token. The downside of that is you get an evergrowing list of tokens that you have to remember why and what you even have them for. If this project here, has strong enough marketing and builds the right partnerships, they can attract many big names companies to adopt their token as the rewards token of choice. This brings a form of limited centralization into the picture but is that always a bad thing? The word centralized has almost become a taboo because of the decentralization movement. Sometimes, in regards to organization, decentralization of every business sector and industry out there could get a little bit discombobulated. For example, I love checking all my emails from all my accounts on one list and on one screen. I could care less if I have to give Google access to all that data, it saves me hours of valuable time every day.

[niklasmato]

Are there any big partners available yet? I really like the concept of loyalty points tokenised in the blockchain. Good luck

you can see parthner on the first page in the left side.
Some of them: dappbase, coiioco, japan planet and orher

Thank you I've seen this but the names don't ring a bell for me.
The numbers are impressive though.
30.000 retail stores
80.000 restos
60.000 beauty outlets

I hope they can form a partnership in Europe soon

[Jay2408]

Are there any big partners available yet? I really like the concept of loyalty points tokenised in the blockchain. Good luck

you can see parthner on the first page in the left side.
Some of them: dappbase, coiioco, japan planet and orher

Thank you I've seen this but the names don't ring a bell for me.
The numbers are impressive though.
30.000 retail stores
80.000 restos
60.000 beauty outlets

I hope they can form a partnership in Europe soon

Yes, this would be great. However, according to their roadmap an expansion on the European market isn't planned until 2019.

[kraterion]

I haven't read the whitepaper yet but only the general idea, why I have to use GATCOIN when I can write a token contract on top of ETH or issue a token on Waves and they will have a huge scalability trough Raiden Newtork and Waves-NG ?

[Sozialtourist]

What is the reason for using the ERC20 standard for the GAT token instead of the SLL technology you use for the merchant tokens?

To be honest, there is no need to complicate things by moving away from the proven ERC20 platform for the GAT token itself, the added functionality that the GATCOIN system offers merchants (stay tuned for yet to be announced features) are not required for the token so we wanted to keep it simple!

To hear about these features watch our Founder and CEO live at BlockShow Asia via our Facebook page https://www.facebook.com/gatcoinofficial/videos/2206917076219727/ streaming now.

How you going to deal with congestion in ETH network? merchant wants faster transactions. customer do not want to wait hour for ETH transaction to complete that i seen many time when transfer ERC20 tokens. ERC20 is ok for smart contract and ICO for now.

Great question, merchant tokens will be part of the GAT network not the ETH network and will utilise SLL technology to improve transaction times to a point where they are similar to that of Visa or Mastercard.

You can find out more about SLL technology here https://www.gatcoin.io/how-it-works-high-speed-super-large-ledger-technology/

Are there transaction fees when sending the merchant tokens in the GAT network with this SLL technology?

[batako]

So far as I understand, Gatcoin offers the creation of tokens as a replacement for something like, loyalty reward, gift card etc. I still don't get an idea on how they will attract people to join in this project. The idea behind GATcoin looks unpopular.

[tiger5056]

https://www.gatcoin.io/gatcoin-unveils-new-crypto-currency-airdrop-technology/ Nicely explain airdrop technology here. interesting project