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

[toolucky98]

The only thing about I'm not sure about this project is the name itself.

What is gatcoin stands for? Is it some value for Asian people, or is it just a random decision?

“GAT” stands for the “Global Awards Token”

Ok, it stands for something but still, it doesn't represent the value of the project.

Still, it's my opinion and it's not preventing me or anyone to invest. Just the thing is I would prefer something better.

Global Awards Token looks fit with the main idea behind GATCoin. Btw, name won't give a big impact to a project. As long as a project run as expected, that will be enough.

Ya, actually you can do a rebrand if you want , like ANS to NEO and some other coins.
And of course the most important is the progress and development of the project.

[1714943676]

1714943676

[1714943676]

1714943676

[kraterion]

So your scaling capacitiy will be boosted exponentially with concurrent byzantine fault tolerance instead of PBFT. Etherum will be used only for ICO and you will move your asset into a new CBFT blockchain structure?

[matjas]

Do you have any plans where to extend your businesses first? I guess you have a lot of area in Asia covered and some in Turkey and USA from SK Planet involvement. When are you planing to come to Europe? I guess you are focusing on big merchants or you will try with everyone with potential?  

[Heimer]

The only thing about I'm not sure about this project is the name itself.

What is gatcoin stands for? Is it some value for Asian people, or is it just a random decision?

“GAT” stands for the “Global Awards Token”

Ok, it stands for something but still, it doesn't represent the value of the project.

Still, it's my opinion and it's not preventing me or anyone to invest. Just the thing is I would prefer something better.

Global Awards Token looks fit with the main idea behind GATCoin. Btw, name won't give a big impact to a project. As long as a project run as expected, that will be enough.

Ya, actually you can do a rebrand if you want , like ANS to NEO and some other coins.
And of course the most important is the progress and development of the project.

Rebrand could be good idea after successful ico. It's not worth to do it at this stage of development

[Korsakopf]

Can I ask a question? If I get Gatcoin ( or reward) from restaurant A. can I use it at restaurant B (use Gatcoin platform too)

Yes of course we like answering questions as it helps us know what the crypto community is thinking!

Restaurant A would issue its own branded token. You would need to take this token to the GAT Exchange and sell it there for GAT Coin. You could then use this GAT Coin to buy tokens for Restaurant B (or hold them, or trade them on an external exchange)

You can see this process mapped out in our overview https://www.gatcoin.io/wp-content/uploads/2017/09/170928v2-GATCOIN-System-Overview.pdf

Ahhh, that makes a lot more sense then making all of them use the GAT coin, since that will take so much marketing and convincing businesses. I guess it will create it's own kinda economy on the GAT exchange.

[mroth7684]

look interesting project. So I think you will publish api for us and we can make own app by using gat api. I'm thingking make a market place to trade reward.

[Coin_trader]

The only thing about I'm not sure about this project is the name itself.

What is gatcoin stands for? Is it some value for Asian people, or is it just a random decision?

“GAT” stands for the “Global Awards Token”

Ok, it stands for something but still, it doesn't represent the value of the project.

Still, it's my opinion and it's not preventing me or anyone to invest. Just the thing is I would prefer something better.

Global Awards Token looks fit with the main idea behind GATCoin. Btw, name won't give a big impact to a project. As long as a project run as expected, that will be enough.

Ya, actually you can do a rebrand if you want , like ANS to NEO and some other coins.
And of course the most important is the progress and development of the project.

Rebrand could be good idea after successful ico. It's not worth to do it at this stage of development

Let this project shows what it can be done, the potential is yet to unleash, let it grow first before suggesting such things, it's just on it's way to show where it can go.

[ben_GAT]

Do you have any plans where to extend your businesses first? I guess you have a lot of area in Asia covered and some in Turkey and USA from SK Planet involvement. When are you planing to come to Europe? I guess you are focusing on big merchants or you will try with everyone with potential?  

With the partnership with SK Planet, we are focusing the launch in the Japanese market but have the capacity to grow globally. We are in discussions with other major retailers so that we can increase the reach of the GATCOIN network. We are confident through our hard efforts and organic growth that other merchants will also soon join the GAT System.

[toolucky98]

The only thing about I'm not sure about this project is the name itself.

What is gatcoin stands for? Is it some value for Asian people, or is it just a random decision?

“GAT” stands for the “Global Awards Token”

Ok, it stands for something but still, it doesn't represent the value of the project.

Still, it's my opinion and it's not preventing me or anyone to invest. Just the thing is I would prefer something better.

Global Awards Token looks fit with the main idea behind GATCoin. Btw, name won't give a big impact to a project. As long as a project run as expected, that will be enough.

Ya, actually you can do a rebrand if you want , like ANS to NEO and some other coins.
And of course the most important is the progress and development of the project.

Rebrand could be good idea after successful ico. It's not worth to do it at this stage of development

Yes of course, this is just a beginning.
The important thing for now is to deliver this project idea to as many people as possible.

[Islapdonkey]

am going to keep bumping this post till i recieve a clear and concise answer that makes sense rather than constant shills to bury the post but 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.

Companies like embermine offer identical service and actually have three airdrops currently occuring and yet they having a tough time gaining foothold in the market cos the service is nothing unique. So how does GATCOIN intend to make this a viable coin for long term holders?

[the_donald]

So your scaling capacitiy will be boosted exponentially with concurrent byzantine fault tolerance instead of PBFT. Etherum will be used only for ICO and you will move your asset into a new CBFT blockchain structure?

I think this is a good question. what will happen with the tokens once the transition has happened?

[ParRus]

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

agree with you, project gatcoin platform is better for them,
because such small companies will not create their own currency, it's easier to use something that is proven and reliable!

[toolucky98]

GATCOIN will earn three major streams of income:
▪ Merchant fees on the GAT Marketplace
▪ Brokerage fees on the GAT Exchange
▪ Engineering and maintenance fees on the GAT Network

How much the fees would be? especially on the GAT Exchange.

[Islapdonkey]

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

agree with you, project gatcoin platform is better for them,
because such small companies will not create their own currency, it's easier to use something that is proven and reliable!

Well ERC- 20 token is proven and reliable and takes less than 30 minutes to create, even for a tech newbie. Actually, GATcoin is an ERC-20 token. So........ right. Mindless shilling!

[niklasmato]

Saw the introductory video, understood the basic idea, just one doubt. Why will any big company partner with GAT.?
You see the rewards program is to keep your customers shop or buy things more and more within your brand, by using GAT they loose that. 

A point well taken if merchant tokens could be converted directly into products from other merchants but they can not.

For example Merchant A issues vouchers to Customer X, Customer X sells these tokens to Customer Y and uses the proceeds to by vouchers for Merchant B and buys something from Merchant B's store and Customer Y uses the original vouchers in Merchant A's store.

Who looses out in this situation? No one, The voucher Merchant A originally issued are still being spent in their store, Customers X and Y are getting exactly the products they wanted and merchants A and B are making sales that they might not have in a traditional rewards system!

Merchant tokens can only be sold to other parties that want them, so while the consumer may be converting them in to rewards from other companies they can only do so if someone else wants the tokens in the first place.

So it will be like a market for all the vouchers and reward points. where anyone can sell their's and buy different ones.? That will be a cool thing to have.

Yes if I understand correctly you will be able to trade one voucher to another one. I think I read that in the Whitepaper.

[ben_GAT]

am going to keep bumping this post till i recieve a clear and concise answer that makes sense rather than constant shills to bury the post but 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.

Companies like embermine offer identical service and actually have three airdrops currently occuring and yet they having a tough time gaining foothold in the market cos the service is nothing unique. So how does GATCOIN intend to make this a viable coin for long term holders?

While, technically, it is possible for companies to establish a blockchain token independently on their own, that alone is not doing them much use. The value of GATCOIN comes from its network and the GAT Exchange. For customers, collecting blockchain rewards points from various retailers/shops/merchants doesn’t solve the issue that they have points that they can’t/don’t want to use. Through the growing network of retailers (big and small) on the GATCOIN network, these customers will have greater choice of how and where to use their rewards points (of course done via exchange through the GAT Exchange). Moreover, with all these customers of various merchants using the same wallet, it is easier for merchants to reach new customers (for example through demographic/spending targeting).

As we have already secured the partnership with SK Planet Japan, we are launching out of the gate with a strong network of merchants who will issue Tokens, thus offering immediate choice to consumers and GAT Wallet holders. As new merchants come on board, we streamline the process for them so that blockchain tokens are no longer an onerous technical issue for them but rather just another marketing application—we remove the hassle of having to Google the process and learn the tech.

To put it simply, we are offering a one-stop-shop for all rewards points. The more merchants who join, the more powerful the platform. We are working hard to recruit even more partners and are confident that more merchants will join the platform organically as the success of GATCOIN grows.

[nthoangga]

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

agree with you, project gatcoin platform is better for them,
because such small companies will not create their own currency, it's easier to use something that is proven and reliable!

Well ERC- 20 token is proven and reliable and takes less than 30 minutes to create, even for a tech newbie. Actually, GATcoin is an ERC-20 token. So........ right. Mindless shilling!

customer create token for what? I think they will have a easy way for small restaurant, spa, shop, franchise connect their platform. just wait demo if you curious

[ben_GAT]

Saw the introductory video, understood the basic idea, just one doubt. Why will any big company partner with GAT.?
You see the rewards program is to keep your customers shop or buy things more and more within your brand, by using GAT they loose that. 

A point well taken if merchant tokens could be converted directly into products from other merchants but they can not.

For example Merchant A issues vouchers to Customer X, Customer X sells these tokens to Customer Y and uses the proceeds to by vouchers for Merchant B and buys something from Merchant B's store and Customer Y uses the original vouchers in Merchant A's store.

Who looses out in this situation? No one, The voucher Merchant A originally issued are still being spent in their store, Customers X and Y are getting exactly the products they wanted and merchants A and B are making sales that they might not have in a traditional rewards system!

Merchant tokens can only be sold to other parties that want them, so while the consumer may be converting them in to rewards from other companies they can only do so if someone else wants the tokens in the first place.

So it will be like a market for all the vouchers and reward points. where anyone can sell their's and buy different ones.? That will be a cool thing to have.

Yes if I understand correctly you will be able to trade one voucher to another one. I think I read that in the Whitepaper.

Correct, however, it won't be an exact one-for-one exchange. It's better to think of it as a marketplace where people have Merchant Tokens they wish to exchange but must be bought and sold in GAT Coins. Thus, depending on the demand and merchant-dictated redeemable value of their Tokens, you could, for example exchange 5 tokens from merchant A for just 1 token from merchant B. And this is intuitive--for example, if merchant A were a coffee shop and merchant B were an airline.

[Islapdonkey]

am going to keep bumping this post till i recieve a clear and concise answer that makes sense rather than constant shills to bury the post but 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.

Companies like embermine offer identical service and actually have three airdrops currently occuring and yet they having a tough time gaining foothold in the market cos the service is nothing unique. So how does GATCOIN intend to make this a viable coin for long term holders?

While, technically, it is possible for companies to establish a blockchain token independently on their own, that alone is not doing them much use. The value of GATCOIN comes from its network and the GAT Exchange. For customers, collecting blockchain rewards points from various retailers/shops/merchants doesn’t solve the issue that they have points that they can’t/don’t want to use. Through the growing network of retailers (big and small) on the GATCOIN network, these customers will have greater choice of how and where to use their rewards points (of course done via exchange through the GAT Exchange). Moreover, with all these customers of various merchants using the same wallet, it is easier for merchants to reach new customers (for example through demographic/spending targeting).

As we have already secured the partnership with SK Planet Japan, we are launching out of the gate with a strong network of merchants who will issue Tokens, thus offering immediate choice to consumers and GAT Wallet holders. As new merchants come on board, we streamline the process for them so that blockchain tokens are no longer an onerous technical issue for them but rather just another marketing application—we remove the hassle of having to Google the process and learn the tech.

To put it simply, we are offering a one-stop-shop for all rewards points. The more merchants who join, the more powerful the platform. We are working hard to recruit even more partners and are confident that more merchants will join the platform organically as the success of GATCOIN grows.

"While, technically, it is possible for companies to establish a blockchain token independently on their own, that alone is not doing them much use" Well, establishing a token on GAT is not doing them much use also unless the buyers choose to invest in it. Like i mentioned before Why don't you model your ICO on updating and creating creating the best exchange platform for Cryptocurrencies. Cos am still not sold that a company would rather pay you merchant fee to create a token on your simple token on your platform when they can create free tokens and have more input on it's selective features by using several platforms. It's Biz 101, no one will pay for something they can get for free. Esp when the service offered is very easy to master.

[FIEX]

Do you have any plans where to extend your businesses first? I guess you have a lot of area in Asia covered and some in Turkey and USA from SK Planet involvement. When are you planing to come to Europe? I guess you are focusing on big merchants or you will try with everyone with potential?  

With the partnership with SK Planet, we are focusing the launch in the Japanese market but have the capacity to grow globally. We are in discussions with other major retailers so that we can increase the reach of the GATCOIN network. We are confident through our hard efforts and organic growth that other merchants will also soon join the GAT System.

Japanese market will be great to focus on!
This market is huge and a great start . Thanks a lot ben_GAT for answering all our questions.

Always nice to see an active dev in this thread.
Investors like it and give us users trust. Great work.

Keep it up!