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

[kraterion]

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

Ok, Targeted airdrops are definetely something cool and I can see some potential. But now someone have to explain me this super large ledger technology, it's a offchain scaling solution?

[Korsakopf]

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

Very smart way to lure people to a particular store. Somehow it kinda reminds me of Pokemon Go, having to chase something on your phone 

[FIEX]

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.

Ecommerce can jump on it and create there own tokens that people can use on there website.
Big Ecommerce firms can invest in this system and also smaller once.

People will go crazy for some tokens in real life
This can be a succes but you have to look futher then just now. If has a future

[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

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.

 No company is going to want to form a partnership and make a lifetime payment, for a service they can create themselves in less than 30mins. That's just a fact. No matter how much you guys might sugarcoat it, the idea is nothing new to the space.  There are several companies already offering this services and every one of them is doing poorly in the market.
 
 If a company wants a coin, they could easily create a coin on wallet builder or on several other services that offer this and have it listed in an exchange in a few days. Companies can also create a wave token and have it on wave dex immediately or erc 20 and have it on delta immediately. With implementation of the new protocol, the transaction will really speed up. so even if Gatcoin gain better traction than the troves of companies offering similar ideas, the idea will be obsolete in a few months to a yr. Solidarity might be in infancy but if I a non technical observer can create erc token. am quite sure a company with interest in blockchain can easily figure it out.
 So I know it's on a lot of ppl interest to shill without reserve but I won't let you lie to unaware investor and make it seem like this is a groundbreaking idea, cos you are basically leading them to a trap, that I think, will end up costing long term holders dearly. If someone wants to take chance and  pnd the ico, that I can understand but this idea is nothing new, it's already been offered by a lot of companies, and is almost obsolete cos the mass is becoming better aware of the blockchain tech.

 This is akin to buying a new telly, then investing into a robotic model whose  job is to ONLY control the remote, cos you haven't figured out how to do it yourself. How long do you anticipate a need for that robot?

[toolucky98]

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  

Its there on the first page too

And guys, some quick and noob question here.
So this project is like ethereum that you can create your own erc20 token?
It will be create erc20 token on the erc20 token platform , or it will be another type of token?

[niklasmato]

Just read about the airdrop system in development. Now that is pretty cool. Just wondering how they will achieve this? By installing an merchant app (like Starbucks) with GPS information?

[greatteager]

What are the advantages of your token? Without it, I can not buy and sell digital currencies?

[ParRus]

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.

Ecommerce can jump on it and create there own tokens that people can use on there website.
Big Ecommerce firms can invest in this system and also smaller once.

People will go crazy for some tokens in real life
This can be a succes but you have to look futher then just now. If has a future

I agree, this platform will be very useful! e-commerce is fast expanding, people need this resource,
will be possible to make successful deals. GATCOIN will be requested on the market uniquely

[Heimer]

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.

Ecommerce can jump on it and create there own tokens that people can use on there website.
Big Ecommerce firms can invest in this system and also smaller once.

People will go crazy for some tokens in real life
This can be a succes but you have to look futher then just now. If has a future

I agree, this platform will be very useful! e-commerce is fast expanding, people need this resource,
will be possible to make successful deals. GATCOIN will be requested on the market uniquely

I'm looking forward to see which projects will start to partner with gat.

[mirx]

So I looked through the white paper, the system will simplify things for merchants. They will get out of the box loyalty program, discount tool, and data about consumer preferences. But I have one question - why not to use single GAT Coin for all purposes. Instead of creating several types of additional merchant tokens to use the same GAT Coin as a universal token for all?

[greatteager]

I understand this is the Chinese ICO? It seems that the Chinese authorities will again allow the Chinese residents to participate in the ICO.

[Rigorous]

So I looked through the white paper, the system will simplify things for merchants. They will get out of the box loyalty program, discount tool, and data about consumer preferences. But I have one question - why not to use single GAT Coin for all purposes. Instead of creating several types of additional merchant tokens to use the same GAT Coin as a universal token for all?

Maybe a single universal token would be too confusing. It is simpler to have a few specialized tokens with a specific purpose. No need for complex configuration of the functionality of a token, just pick one that fits the bill.

[Trrrt]

If gatcoin has just only a big brand as partner, the value of the project will reach the moon. Imagine whoopercoin for Burger King managed by gatcoin, the value of that kind of use is incredible. Imagine how many brand will use token for fidelity in the future with the recent crypto developpement.

[greatteager]

Who knows when the pre-sale starts and what is the discount?
Will all countries be able to participate?

[Coin_trader]

Hey guys, just found the thread. Interesting and easy to understand concept after seeing the Youtube video. I noticed the video was actually already watched quite a few times. I'll be checking out the whitepaper for further details 

Yeah, go on thru the White Paper and you will be able to understand everything clearer and your questions will be answered then.

[cantdecide]

I am asking myself, brands are using their own coins, which can be traded easly at the GATCOIN exchange for GATs. Will customers collect the brand coins in one app or in different apps and have to transfer the coins then into a wallet of the exchange?

[mirx]

If gatcoin has just only a big brand as partner, the value of the project will reach the moon. Imagine whoopercoin for Burger King managed by gatcoin, the value of that kind of use is incredible.

I think Whoopercoin for Burger King can not be managed by Gatcoin, because it is based on Waves platform, and Gatcoin on Eth. Waves makes it very easy for merchants to create their own tokens for consumers and it costs them only 1 Wave. So Gatcoin should act fast so that they didn't follow Burger King

[tiger5056]

 

If gatcoin has just only a big brand as partner, the value of the project will reach the moon. Imagine whoopercoin for Burger King managed by gatcoin, the value of that kind of use is incredible.

I think Whoopercoin for Burger King can not be managed by Gatcoin, because it is based on Waves platform, and Gatcoin on Eth. Waves makes it very easy for merchants to create their own tokens for consumers and it costs them only 1 Wave. So Gatcoin should act fast so that they didn't follow Burger King

Wave do not have mobile client and UI actually no good. need simple user friendly UI plus too many scam coin in wave

[x86Daddy]

If gatcoin has just only a big brand as partner, the value of the project will reach the moon. Imagine whoopercoin for Burger King managed by gatcoin, the value of that kind of use is incredible.

I think Whoopercoin for Burger King can not be managed by Gatcoin, because it is based on Waves platform, and Gatcoin on Eth. Waves makes it very easy for merchants to create their own tokens for consumers and it costs them only 1 Wave. So Gatcoin should act fast so that they didn't follow Burger King

I think just focus on small restaurant, spa, shop, coffee is better. They are just small company so they will not make their own blockchain token. so gatcoin platform is better for them

[GAT_Chris]

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?  

Not the same Simon Cheong I'm afraid! Our Founder/CEO Simon Cheong is from Australia and was formerly a lawyer with the World Bank.

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.

No not operated by SK Planet. Instead SK Planet Japan is GATCOIN's anchor client, they have a rewards network COTOCO that covers their network in Japan. It is across this COTOCO network that GATCOIN will deploy in 2018.

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 ?

GATCOIN offers merchants an opportunity to plug in to a pre existing system with added functionality such as targeted airdrops, and fast transaction speed. It also provides a unified interface for customers to store and trade many different rewards programs all in 1 place.

In short we provide a solution that is functionally better, as well as being more appealing to customers.

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

Ok, Targeted airdrops are definetely something cool and I can see some potential. But now someone have to explain me this super large ledger technology, it's a offchain scaling solution?

This article by our Founder/CEO does a much better job at explaining it then I ever could!

https://www.gatcoin.io/how-it-works-high-speed-super-large-ledger-technology/

I understand this is the Chinese ICO? It seems that the Chinese authorities will again allow the Chinese residents to participate in the ICO.

Just to be clear we are NOT a Chinese ICO, while some team members have strong connections to China we as a company are not based in China and will not be marketing to China for the ICO

Who knows when the pre-sale starts and what is the discount?
Will all countries be able to participate?

There is no presale, instead the ICO is split in to 3 stages the first 33.3% is at $0.20 per token the 2nd 33.3% at $0.30 and the final 33.3% at $0.40