Gatcoin ICO: A distributed retail shopping platform that enables retailers to issue digital tokens

4/5 - (2 votes)

Gatcoin ICO

GATCOIN transforms traditional discount coupons, loyalty points and shopping vouchers into liquid, tradable digital tokens. Tokens from multiple merchants can be stored in one convenient app which also allows for in app shopping and features the GAT Exchange where user can trade unwanted tokens!

Gatcoin	ICO Status: Finished	14.01.2018
https://www.gatcoin.io 4/5 - (2 votes)	Concept: GAT System is a system which allows merchants to issue their own branded digital tokens that can be used as discounts, gift cards and other promotional offerings. These tokens are called merchant tokens. GAT is the primary token in this system, and consumers can use their GAT to acquire merchant tokens or to convert their merchant tokens to GAT on the GAT Exchange. It will be the exclusive currency for the trade of Merchant Tokens and incentivizes users. They use targeted airdrop technology to send crypto-currencies to mobile phones by geo-location. Their platform is global, and will offer access to a retail network of 60,000+ stores and 21 major global brands in 2018. The GATCOIN platform includes a mobile shopping platform, a mobile wallet, and a mobile exchange to trade retail tokens They are solving the problem of low utilization of discount coupons and loyalty points by providing them with real value in the form of GAT. More convenient , no more managing numerous paper coupons. Loyalty points have value and are interchangeable between stores or brands. Whitepaper: Get more information
Venture	Raised Capital: N/A Venture Round: Pre-sale Price: 17,760 GAT per ETH	ICO token Distribution: 50% Presale and Tokensale, 10% Founders, 12% Partners and Advisors, 14% Customer and Merchant Acquisition, 14% Gat sold via app
Mining	Supply: 1 billion GAT (fixed, non-inflationary, ERC20) 50% Offered in Token Sale 500,000,000 GAT	Usage: GAT forms the backbone of the GAT System. As such GAT can be traded for Merchant Tokens to redeem them for products and services. Whereas Merchant Tokens are created by merchants and run on private blockchains, GAT are ERC20 Ethereum tokens and are: Available during token sale Limited supply of GAT Will circulate on the main Ethereum public network Freely transferable and tradable on major exchanges Storable in all major client-wallets The currency on the platform with which Merchant Tokens can be bought. They do not represent discounts or similar functionality May be exchanged for Merchant Tokens on the GAT Exchange Used by merchants to pay for services in the GAT system (“Merchant Fees”) All FIAT (traditional currencies like USD/HKD/EUR) will be converted to GAT in the GAT System Unlimited lifespan Required to use any advanced features on the platform Giving users a higher chance of getting better deals, if they hold more GAT Will be sold on the platform for FIAT currencies GAT is at core of the merchant’s reward ecosystem. It is necessary to obtain GAT in order to obtain access to the services on the GAT ecosystem. For merchants, it serves as a payment mechanism. For users, it serves as a way to unlock special discounts and to exchange Merchant Tokens. They serve different roles for both these parties and hence offer different utility to them.
Competitors	There are some other players attempting to decentralize the rewards marketplace but GATCOIN has several advantages in comparison: Merchant Tokens are decoupled from the GAT token, making it possible to migrate to a different technology (blockchain/hashgraph/etc.) in future if there are issues with Ethereum. GATCOIN has strong corporate partnerships with SK Planet Japan (SKPJ) to deploy digital tokens using the GAT System in 2018 upon completion of milestones. SKPJ is a leading consumer rewards service company and member of one of the largest conglomerates in Korea. GAT digital tokens are planned to be used in SKPJ’s retail gift voucher program, COTOCO. GATCOIN is more focused on minimising overhead by allowing merchants to initiate their own reward options.
Initial Coin Offering	Pre-sale ICO Launch: 17th of December 2017 Pre-sale ICO Finish: 7th of January 2018 ICO Launch: 14th of January 2018 ICO Finish: 28th of January 2018 ICO Tradable on Exchanges since: still not tradable	Platform: Ethereum (ERC20 Token)
Offices/Locations	Hong Kong