The online gambling industry is one of the top three most profitable industries online and it has a bright future ahead. It is expected to reach 1 trillion dollars’ market capitalization in 2021. But the industry is not fully integrated with cryptocurrencies.
Gifcoin ICO wants to integrate the global gambling industry with cryptocurrencies by creating a revolutionary gambling investment fund.
Additionally, Gifcoin is one of the first cryptocurrencies that is backed by a real business behind, known as VitalBet. VitalBet offers online gambling games, e-games bets, sports and a wide and diverse range of casino games. That makes the ICO more secure than others, because it does not have an idea, but already a business backing the project.
According to Gifcoin’s white paper, there are 11 steps in the roadmap. If we follow the roadmap that we find on their website, we see that they explain what they will be doing each month of 2018 until August.
They will be focused on a very strong marketing campaign during all the year in order to improve their presence in the market and make the platform known everywhere as possible. For this, they explain that they will use their “best channels” for that.
At the end of the year they expect 1 million platform users that would allow Gifcoin to be one of the top 15 betting websites in the world. At the same time, in December 2018, the company will start the profit share distribution to all token holders.
Token Distribution and budget Allocation
300.000.000 GIF tokens will be generated. There was a private sale that included 10.000.000 GIF tokens (3.33%). 260.000.000 GIF tokens (86.66%) will be for the Initial Coin Offering. 20.000.000 GIF tokens (6.66%) will be for the team and 10.000.000 Gif tokens (3.33%) for advisory, bounty and PR pools.
This is a great distribution. The team will be just with 6 percent of the tokens. It is a competitive option for investors. Other ICOs are using 20/25 percent of the tokens for the team. More than 85% of the tokens will be used for the ICO and available to the general public. This is very important and a great strategy.
The company will use the funds as follows:
- Bank 20.8%
- Marketing 16.7%
- Legal 8.3%
- Advertising 50%
- Management 4.2%
Should I Invest in Gifcoin ICO?
We will analyse the conformation of the team, the token, the website and other important features of the ICO. Is it worth to invest in Gifcoin?
Gifcoin has an important team of gambling, marketing, blockchain and betting experts. The main team is formed by Krasimir Popov, Svetoslav Dimitrov, Trifon Boyuklisky, Zhivko Nikolov, Todor Nikolov, Krasen Hristov, Valentin Milenov and Ivallo Petrov.
Krasimir Popov is the founder and CEO at VitalBet. In the past he worked as an independent business owner and studied at Plovdivski Universitet ‘Paisii Hilendarski.’
Svetoslav Dimitrov is the branding expert at VitalBet. He has been working at VitalBet since 2016 and before he worked as a creative Copywriting and Content Writing.
Trifon Boyuklyski is the marketing expert at VitalBet. He has been working in different companies before VitaBet and he has over 8 years of experience SEO expert, Advertising & PR, Web Development, and more.
Zhivko Nikolov is the Blockchain developer at VitalBet. He was working as a PHP Developer at Mediamore, as a Senionr PHP Developer at Eurocoders and he is working at VitalBet since 2017.
Teodor Nikolov is the Back-End Developer at VitalBet. He has been working in different companies like Efbet Casinos & Sports, Igambling Network Limited and VitalBet.
The white paper presented by Gifcoin is complete and simple. That’s one of the most important things for investors that are searching a clear and simple explanation of the project but without the lack of important information.
Two things to comment about the white paper. It does not provide information about the team. If you are only reading the white paper, it will not give information about the team. It could also include some more technical information for other investors that are interested about the technological features of the ICO. I would also add some more information to the roadmap presented in the white paper.
In general lines it is a good white paper that lacks the points mentioned before.
The website is very complete, it has all the information required for investors and it looks professional. It works properly because it gives a nice first impression to investors that are interested on this ICO.
It includes a link to the white paper, information about the ICO, the funds and the team members.
The Gifcoin will allow investors to earn 80% of VitalBet’s net profits. The main intention is to sell a cryptocurrency to the market, upgrade the platform with the funds gathered and allow the investors to earn a yearly profit that will be related to the amount of tokens that individuals have.
The company has decided to build a widget on their website that shows how much each investor will earn depending on the amount of active users that the platform will have and the tokens the investor bought.
Buying 1 ETH in tokens and 1 million active users, you will have $4300 dollars as an estimated yearly profit.
Gifcoin ICO seems a very good project. With an already experienced team that has been working in VitalBet before and for many years. They have developed a good service and with the ICO they are planning to upgrade their platform to the next level.
The business has important chances to succeed, there are many casinos out there, but with the amount of money received by the team, the platform could expand and reach more than 1 million active users.
At the same time, it could be a good investment. More than 85 percent of the total amount of tokens created will be available for the public and just 6 percent will be owned by the team. Besides that, the ICO will start to give profits to investors in less than one year. That’s not so much time compared to other ICOs which their projects need years to be realized.
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