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Author Topic: 🌟 ⚡🚀ANN: GATCOIN Blockchain Rewards Program [Presale on 28 October]🌟 ⚡🚀  (Read 51515 times)
ParRus
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October 02, 2017, 06:43:06 PM
 #461


Merchant Tokens

▪ ▪ Not available during token sale
▪ ▪ Used to redeem rewards, products and services
▪ ▪ Unlimited supply and variety
▪ ▪ Issued by participating merchants
▪ ▪ Will circulate on private consortia GAT networks
▪ ▪ Not available on the main Ethereum public network
▪ ▪ Storable only in the GAT Wallet
▪ ▪ May be exchanged for GAT Coin and other Merchant Tokens on the GAT Exchange
And according to system overview paper they can be "airdropped" by merchants. So the system puts a sale on blockchain Smiley

an ICO to create new tokens for various customers. sounds great to me.

are you guys planning to set up different airdrop by each customer guide lines? may be some merchant wants some percents by purchase.
interesting idea, airdrop will attract attention for customers, and more people would know about the project! I would join
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October 02, 2017, 06:54:53 PM
 #462

Just read the road map long time before the release of wallet and market, I like the idea of the project offer to companies an easy way to create an own token, I will support this ico joining Bounty of Twitter and Facebook campaign...
Great, you can visit the bounty thread here : https://bitcointalk.org/index.php?topic=2197894
There are several other bounties too.
i just take a look at the bounty thread,you are right there are also good others opportunity to earn some bounty token,thank you,everyone should take a look at bounty thread is very interesting...
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October 02, 2017, 07:02:04 PM
 #463

Just read the road map long time before the release of wallet and market, I like the idea of the project offer to companies an easy way to create an own token, I will support this ico joining Bounty of Twitter and Facebook campaign...
Great, you can visit the bounty thread here : https://bitcointalk.org/index.php?topic=2197894
There are several other bounties too.
i just take a look at the bounty thread,you are right there are also good others opportunity to earn some bounty token,thank you,everyone should take a look at bounty thread is very interesting...
Youre welcome, hopefully the community of this project will be bigger than we expected.
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October 02, 2017, 07:04:09 PM
 #464


Merchant Tokens

▪ ▪ Not available during token sale
▪ ▪ Used to redeem rewards, products and services
▪ ▪ Unlimited supply and variety
▪ ▪ Issued by participating merchants
▪ ▪ Will circulate on private consortia GAT networks
▪ ▪ Not available on the main Ethereum public network
▪ ▪ Storable only in the GAT Wallet
▪ ▪ May be exchanged for GAT Coin and other Merchant Tokens on the GAT Exchange
And according to system overview paper they can be "airdropped" by merchants. So the system puts a sale on blockchain Smiley

an ICO to create new tokens for various customers. sounds great to me.

are you guys planning to set up different airdrop by each customer guide lines? may be some merchant wants some percents by purchase.
interesting idea, airdrop will attract attention for customers, and more people would know about the project! I would join

Maybe you didn't undestand Grin. He's talking about targeted airdrops (A-Drops) made by merchants. Long story short, if Starbucks has a token into the GAT system and want to do an airdrop, people with gps up and GAT app on their phone will receive an airdrop ina given area. Read it by yourself https://www.gatcoin.io/gatcoin-unveils-new-crypto-currency-airdrop-technology/

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ben_GAT
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October 02, 2017, 07:14:02 PM
 #465


The system will be for online and offline, the A-Drop system allows merchants to drop coins in a geographic location which will benefit offline locations, we envisions merchants holding treasure hunts with various vouchers and the end destination being their store or event. Pokemon Go with real world prizes! Additionally the A-drop system will let merchants to send tokens directly in to the wallets of their target customers, like an electronics chain sending a promotion to every male, who has spent more than $500 on electronics in the last year in New York. This can drive traffic to both online and offline stores!

This system is explained in our System Overview https://www.gatcoin.io/wp-content/uploads/2017/09/170928v2-GATCOIN-System-Overview.pdf



Is your A-Drop system able to recognize if a user tries to fake his geographic location with a GPS spoofing app to get the tokens airdropped to his wallet?

But what's the problem? I mean - if you have to be on a given, offline shop to use those tokens... GPS spoofing won't teleport yourself into any location, so you'll end with useless (for you) tokens on your app.

I thought the idea behind all of this is that these merchant tokens are tradeable on the GAT exchange. So if someone teleports to a location for the airdrop and he can, in the end sell, these token on the GAT exchange for GAT tokens, it's pretty obvious that these A-drop system will be abused.

Let the devs speak then. But GPS spoofing systems are not impossible to block. Look at Pokemon Go for instance, GPS cheaters are blocked and banned.

Of course there is the possibility to block users that used GPS spoofing but I don't know if they can legally close such accounts. Would be really interesting to hear a statement from one of the team.
There must be some terms and conditions for users.
Well, the banned/blocked accounts can be unbanned/unblocked by contacting the support.

Of course we will work to discourage and, when possible, block GPS spoofing. However, as @stormcleric and @Sozialtourist pointed out, even if a user has GPS spoofing for an airdrop you will need to go to the store to use it. If you can't do that, then you can trade the tokens in the system for another. That's how the GATCOIN System is meant to work. Someone else will then get those Merchant Tokens and use them. So both customers and the merchant all get what the want in the end.  Wink
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October 02, 2017, 07:33:46 PM
 #466


You are right, Japan is not just a big market, it is also a crypto-friendly market. Have you seen this table?


Japan 126 million people and crypto is legal there. Great place to start.
This is huge news. Japan is very technology and cryptocurrencies friendly. Their market will be able to adopt GATCOIN project very fast  Cool
It's not surprising, in Japan officially bitcoin is legalized and there people have high salaries. GATCOIN needs Japan.

Also Japan is using reward programs a lot. So it is one of the best markets to start with. Every time I buy something here, I get asked if I have an point card etc. Would be nice to have everything in an app.

Quite out of subject, but I would love to use my smartphones for all my fidelity cards, fucking annonying when we got 20+ cards in our wallet ...
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October 02, 2017, 07:41:20 PM
 #467


You are right, Japan is not just a big market, it is also a crypto-friendly market. Have you seen this table?


Japan 126 million people and crypto is legal there. Great place to start.
This is huge news. Japan is very technology and cryptocurrencies friendly. Their market will be able to adopt GATCOIN project very fast  Cool
It's not surprising, in Japan officially bitcoin is legalized and there people have high salaries. GATCOIN needs Japan.

Also Japan is using reward programs a lot. So it is one of the best markets to start with. Every time I buy something here, I get asked if I have an point card etc. Would be nice to have everything in an app.

Quite out of subject, but I would love to use my smartphones for all my fidelity cards, fucking annonying when we got 20+ cards in our wallet ...
lol. I have 3 member ship card just for 3 difference cinema company. not say about restaurant, coffee... awful

greatteager
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October 02, 2017, 07:44:55 PM
 #468


The system will be for online and offline, the A-Drop system allows merchants to drop coins in a geographic location which will benefit offline locations, we envisions merchants holding treasure hunts with various vouchers and the end destination being their store or event. Pokemon Go with real world prizes! Additionally the A-drop system will let merchants to send tokens directly in to the wallets of their target customers, like an electronics chain sending a promotion to every male, who has spent more than $500 on electronics in the last year in New York. This can drive traffic to both online and offline stores!

This system is explained in our System Overview https://www.gatcoin.io/wp-content/uploads/2017/09/170928v2-GATCOIN-System-Overview.pdf



Is your A-Drop system able to recognize if a user tries to fake his geographic location with a GPS spoofing app to get the tokens airdropped to his wallet?

But what's the problem? I mean - if you have to be on a given, offline shop to use those tokens... GPS spoofing won't teleport yourself into any location, so you'll end with useless (for you) tokens on your app.

I thought the idea behind all of this is that these merchant tokens are tradeable on the GAT exchange. So if someone teleports to a location for the airdrop and he can, in the end sell, these token on the GAT exchange for GAT tokens, it's pretty obvious that these A-drop system will be abused.

Let the devs speak then. But GPS spoofing systems are not impossible to block. Look at Pokemon Go for instance, GPS cheaters are blocked and banned.

Of course there is the possibility to block users that used GPS spoofing but I don't know if they can legally close such accounts. Would be really interesting to hear a statement from one of the team.
There must be some terms and conditions for users.
Well, the banned/blocked accounts can be unbanned/unblocked by contacting the support.

Of course we will work to discourage and, when possible, block GPS spoofing. However, as @stormcleric and @Sozialtourist pointed out, even if a user has GPS spoofing for an airdrop you will need to go to the store to use it. If you can't do that, then you can trade the tokens in the system for another. That's how the GATCOIN System is meant to work. Someone else will then get those Merchant Tokens and use them. So both customers and the merchant all get what the want in the end.  Wink

an excellent concept for your project, it really will be beneficial for everyone.
Everyone can get what they want more cheaply.
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October 02, 2017, 08:21:34 PM
 #469


The system will be for online and offline, the A-Drop system allows merchants to drop coins in a geographic location which will benefit offline locations, we envisions merchants holding treasure hunts with various vouchers and the end destination being their store or event. Pokemon Go with real world prizes! Additionally the A-drop system will let merchants to send tokens directly in to the wallets of their target customers, like an electronics chain sending a promotion to every male, who has spent more than $500 on electronics in the last year in New York. This can drive traffic to both online and offline stores!

This system is explained in our System Overview https://www.gatcoin.io/wp-content/uploads/2017/09/170928v2-GATCOIN-System-Overview.pdf



Is your A-Drop system able to recognize if a user tries to fake his geographic location with a GPS spoofing app to get the tokens airdropped to his wallet?

But what's the problem? I mean - if you have to be on a given, offline shop to use those tokens... GPS spoofing won't teleport yourself into any location, so you'll end with useless (for you) tokens on your app.

I thought the idea behind all of this is that these merchant tokens are tradeable on the GAT exchange. So if someone teleports to a location for the airdrop and he can, in the end sell, these token on the GAT exchange for GAT tokens, it's pretty obvious that these A-drop system will be abused.

Let the devs speak then. But GPS spoofing systems are not impossible to block. Look at Pokemon Go for instance, GPS cheaters are blocked and banned.

Of course there is the possibility to block users that used GPS spoofing but I don't know if they can legally close such accounts. Would be really interesting to hear a statement from one of the team.
There must be some terms and conditions for users.
Well, the banned/blocked accounts can be unbanned/unblocked by contacting the support.

Of course we will work to discourage and, when possible, block GPS spoofing. However, as @stormcleric and @Sozialtourist pointed out, even if a user has GPS spoofing for an airdrop you will need to go to the store to use it. If you can't do that, then you can trade the tokens in the system for another. That's how the GATCOIN System is meant to work. Someone else will then get those Merchant Tokens and use them. So both customers and the merchant all get what the want in the end.  Wink


I don't think the GPS spoofing will be an issue. You can protect the system anyway by checking in the app if the gps location changes to fast. That's just a simple check. There are other checks you can implement though.
If they do spoof occasionally, I don't think the store owners will give gigantic amounts of tokens anyway so it's not really a big issue imho.
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October 02, 2017, 08:22:41 PM
 #470

Quote
Types Of Merchant Tokens
Merchant Tokens may be issued to replace traditional discount coupons, gift vouchers, prepaid
cash cards, and loyalty points.
▪ Cash Tokens: used as pre-paid cash to buy products and services
▪ Discount Tokens: used as discounts to subsidise the regular cash price of products and services
▪ Loyalty Tokens: used to replace loyalty points to redeem rewards
▪ Gift Tokens: used as gift vouchers to send to friends and family
▪ Travel Tokens: used as portable currency to spend globally in network merchant stores

So, you will have different types of tokens? Or we can exchange Gatcoin for this types of tokes? Huh

The difference between GAT Coins and merchant tokens is explained in the whitepaper on pages 7 and 8. Here:

GAT Coins

▪ ▪ Available during token sale
▪ ▪ Limited supply of GAT Coin
▪ ▪ Will circulate on the main Ethereum public network
▪ ▪ Freely transferable
▪ ▪ Tradable on major exchanges
▪ ▪ Storable in all major client-wallets
▪ ▪ May not be directly exchanged for merchant products
▪ ▪ May be exchanged for merchant tokens on the GAT exchange

Merchant Tokens

▪ ▪ Not available during token sale
▪ ▪ Used to redeem rewards, products and services
▪ ▪ Unlimited supply and variety
▪ ▪ Issued by participating merchants
▪ ▪ Will circulate on private consortia GAT networks
▪ ▪ Not available on the main Ethereum public network
▪ ▪ Storable only in the GAT Wallet
▪ ▪ May be exchanged for GAT Coin and other Merchant Tokens on the GAT Exchange

I read here that the transfer of the GAT (token/coin) will be free? But you will have to pay some GAS to transfer ETH tokens? Or am I missing something.
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October 02, 2017, 08:25:25 PM
 #471

Quote
Types Of Merchant Tokens
Merchant Tokens may be issued to replace traditional discount coupons, gift vouchers, prepaid
cash cards, and loyalty points.
▪ Cash Tokens: used as pre-paid cash to buy products and services
▪ Discount Tokens: used as discounts to subsidise the regular cash price of products and services
▪ Loyalty Tokens: used to replace loyalty points to redeem rewards
▪ Gift Tokens: used as gift vouchers to send to friends and family
▪ Travel Tokens: used as portable currency to spend globally in network merchant stores

So, you will have different types of tokens? Or we can exchange Gatcoin for this types of tokes? Huh

The difference between GAT Coins and merchant tokens is explained in the whitepaper on pages 7 and 8. Here:

GAT Coins

▪ ▪ Available during token sale
▪ ▪ Limited supply of GAT Coin
▪ ▪ Will circulate on the main Ethereum public network
▪ ▪ Freely transferable
▪ ▪ Tradable on major exchanges
▪ ▪ Storable in all major client-wallets
▪ ▪ May not be directly exchanged for merchant products
▪ ▪ May be exchanged for merchant tokens on the GAT exchange

Merchant Tokens

▪ ▪ Not available during token sale
▪ ▪ Used to redeem rewards, products and services
▪ ▪ Unlimited supply and variety
▪ ▪ Issued by participating merchants
▪ ▪ Will circulate on private consortia GAT networks
▪ ▪ Not available on the main Ethereum public network
▪ ▪ Storable only in the GAT Wallet
▪ ▪ May be exchanged for GAT Coin and other Merchant Tokens on the GAT Exchange

I read here that the transfer of the GAT (token/coin) will be free? But you will have to pay some GAS to transfer ETH tokens? Or am I missing something.
I think gat team want to say they will free trade fee. network always need gas to send transaction then there is no way (as I belive) to have free transaction on eth network

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October 02, 2017, 08:25:33 PM
 #472

Just read the road map long time before the release of wallet and market, I like the idea of the project offer to companies an easy way to create an own token, I will support this ico joining Bounty of Twitter and Facebook campaign...
Great, you can visit the bounty thread here : https://bitcointalk.org/index.php?topic=2197894
There are several other bounties too.
i just take a look at the bounty thread,you are right there are also good others opportunity to earn some bounty token,thank you,everyone should take a look at bounty thread is very interesting...
Youre welcome, hopefully the community of this project will be bigger than we expected.

There will be a BIG community once the platform is live and running, people will receive their tokens instead of giftcards and loyalty points, then we will have poeple trading theirs for others, some will exchange it for gatcoins and get money, etc. the community will be HUGE for that, and all this will start in Asia, where there are a lot of people.
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October 02, 2017, 08:32:21 PM
 #473

Just read the road map long time before the release of wallet and market, I like the idea of the project offer to companies an easy way to create an own token, I will support this ico joining Bounty of Twitter and Facebook campaign...
Great, you can visit the bounty thread here : https://bitcointalk.org/index.php?topic=2197894
There are several other bounties too.
i just take a look at the bounty thread,you are right there are also good others opportunity to earn some bounty token,thank you,everyone should take a look at bounty thread is very interesting...
Youre welcome, hopefully the community of this project will be bigger than we expected.

There will be a BIG community once the platform is live and running, people will receive their tokens instead of giftcards and loyalty points, then we will have poeple trading theirs for others, some will exchange it for gatcoins and get money, etc. the community will be HUGE for that, and all this will start in Asia, where there are a lot of people.

yes in Asia there is a huge potential for such things, there is much opportunities to grow and develop! in the near future they will be successful
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October 02, 2017, 08:47:22 PM
 #474

Just read the road map long time before the release of wallet and market, I like the idea of the project offer to companies an easy way to create an own token, I will support this ico joining Bounty of Twitter and Facebook campaign...
Great, you can visit the bounty thread here : https://bitcointalk.org/index.php?topic=2197894
There are several other bounties too.
i just take a look at the bounty thread,you are right there are also good others opportunity to earn some bounty token,thank you,everyone should take a look at bounty thread is very interesting...
Youre welcome, hopefully the community of this project will be bigger than we expected.

There will be a BIG community once the platform is live and running, people will receive their tokens instead of giftcards and loyalty points, then we will have poeple trading theirs for others, some will exchange it for gatcoins and get money, etc. the community will be HUGE for that, and all this will start in Asia, where there are a lot of people.

yes in Asia there is a huge potential for such things, there is much opportunities to grow and develop! in the near future they will be successful

I hope that the market state Asia will not have too much impact. Quite some regulations going on right now, the market is shaky.
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October 02, 2017, 08:52:43 PM
 #475

@devs, any information of which consensus algorithm will have the blockchain to secure it? Ok, it's Concurrent Byzantine Fault Tolerance instead of Practical Byzantine Fault Tolerance but it will need proof of work or proof of stake, or maybe forging, or maybe something new that doesn't even exist yet ?

▀▀█▄▄    [websitewhitepaper]  ❒  ATHERO  ❒  .Internet 3.0 solution    ▄▄█▀▀
  A revolutionary decentralized digital economy 
▄▄█▀▀    Twitter  ◽  Facebook  ◽  Telegram  ◽  Youtube  ◽  Github   ▀▀█▄▄
FIEX
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October 02, 2017, 09:02:59 PM
 #476

Just read the road map long time before the release of wallet and market, I like the idea of the project offer to companies an easy way to create an own token, I will support this ico joining Bounty of Twitter and Facebook campaign...
Great, you can visit the bounty thread here : https://bitcointalk.org/index.php?topic=2197894
There are several other bounties too.
i just take a look at the bounty thread,you are right there are also good others opportunity to earn some bounty token,thank you,everyone should take a look at bounty thread is very interesting...
Youre welcome, hopefully the community of this project will be bigger than we expected.

There will be a BIG community once the platform is live and running, people will receive their tokens instead of giftcards and loyalty points, then we will have poeple trading theirs for others, some will exchange it for gatcoins and get money, etc. the community will be HUGE for that, and all this will start in Asia, where there are a lot of people.


I also believe in a strong community with a lot of activities on the platform, trading, buying, selling, ...
In a couple of years this will be a platform with +100k daily users Smiley. Cant wait to take part in this ICO.

Great work devs
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October 02, 2017, 09:27:20 PM
 #477

Just read the road map long time before the release of wallet and market, I like the idea of the project offer to companies an easy way to create an own token, I will support this ico joining Bounty of Twitter and Facebook campaign...
Great, you can visit the bounty thread here : https://bitcointalk.org/index.php?topic=2197894
There are several other bounties too.
i just take a look at the bounty thread,you are right there are also good others opportunity to earn some bounty token,thank you,everyone should take a look at bounty thread is very interesting...
Youre welcome, hopefully the community of this project will be bigger than we expected.

There will be a BIG community once the platform is live and running, people will receive their tokens instead of giftcards and loyalty points, then we will have poeple trading theirs for others, some will exchange it for gatcoins and get money, etc. the community will be HUGE for that, and all this will start in Asia, where there are a lot of people.

It really will be great, many stores will offer tokens immediately instead of loyalty points and giftcards when the platform gains popularity.
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October 02, 2017, 09:29:04 PM
 #478

Quite out of subject, but I would love to use my smartphones for all my fidelity cards, fucking annonying when we got 20+ cards in our wallet ...
lol. I have 3 member ship card just for 3 difference cinema company. not say about restaurant, coffee... awful

A lot of people leave their cards at home or simply don't participate because of that. If it were possible to have all loyalty programs in one mobile app then they would start to use them more often more. That increases the effectiveness of such campaigns too.
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October 02, 2017, 09:39:35 PM
 #479

Gatcoin has potential everywhere, brand use fidelity system in a lot of countries, and are always in need to find new advertising system and way to earn new customer. And with the constant explosion of crypto market, I think regular brand will want to have their token very soon. And gatcoin can offer this !
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October 02, 2017, 10:05:27 PM
 #480

Gatcoin has potential everywhere, brand use fidelity system in a lot of countries, and are always in need to find new advertising system and way to earn new customer. And with the constant explosion of crypto market, I think regular brand will want to have their token very soon. And gatcoin can offer this !
I also think so, in the future everyone will have their own tokens, although it is difficult to guess what will lead to such a lot of tokens in the market.
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