Gifto (GFT) Metrics
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Gifto (GFT)
What is Gifto?
Gifto (GFT) is a blockchain-based platform launched in 2017, designed to facilitate the gifting of digital assets and virtual goods. The project aims to enhance the way users can send and receive gifts in the digital space, particularly within the context of content creation and social media interactions. Gifto operates on the Ethereum blockchain, utilizing smart contracts to enable secure and transparent transactions. Its native token, GFT, serves multiple purposes, including facilitating transactions within the platform, rewarding content creators, and enabling users to purchase and send gifts. What makes Gifto stand out is its focus on creating a decentralized gifting ecosystem that empowers both users and creators, allowing for a more engaging and interactive experience. This unique approach positions Gifto as a significant player in the intersection of blockchain technology and social media, catering to the growing demand for digital gifting solutions.
When and how did Gifto start?
Gifto originated in December 2017 when the founding team, led by CEO Miko Matsumura, released its whitepaper outlining the project's vision to create a decentralized gifting platform using blockchain technology. The project aimed to enhance the way digital gifts are sent and received, particularly in the context of content creators and their audiences. Gifto launched its mainnet in December 2018, following a successful initial coin offering (ICO) that took place in November 2017. The ICO raised approximately $30 million, allowing the team to fund the development of the platform and its ecosystem. Early development focused on creating a user-friendly interface for gifting and integrating with various social media platforms. The initial distribution of Gifto tokens occurred during the ICO, where participants could purchase tokens to support the project. These foundational steps established Gifto's presence in the blockchain space and set the stage for its future growth and adoption.
What’s coming up for Gifto?
According to official updates, Gifto is preparing for a significant platform upgrade aimed at enhancing user experience and scalability, scheduled for Q1 2024. This upgrade will introduce new features designed to improve the overall functionality of the Gifto ecosystem. Additionally, Gifto is working on strategic partnerships that are expected to be announced in the coming months, which will further expand its reach and utility within the blockchain space. These initiatives are part of Gifto's ongoing commitment to innovate and adapt to the evolving market landscape, with progress being tracked through their official communication channels.
What makes Gifto stand out?
Gifto distinguishes itself through its unique focus on the gifting economy, leveraging blockchain technology to create a decentralized platform for virtual gifts. This platform operates on the Ethereum blockchain, utilizing smart contracts to facilitate secure and transparent transactions. Gifto's architecture supports a seamless user experience, allowing users to send and receive gifts in various digital formats, including virtual goods and experiences. The project incorporates a robust ecosystem that includes partnerships with various content creators and platforms, enhancing its reach and usability. Gifto also emphasizes community governance, enabling token holders to participate in decision-making processes related to platform development and features. This participatory model fosters a sense of ownership among users and encourages active engagement within the community. Additionally, Gifto's commitment to interoperability allows it to integrate with multiple platforms and services, broadening its applicability in the digital economy. These features collectively position Gifto as a distinctive player in the blockchain space, focusing on enhancing social interactions through gifting while ensuring security and transparency.
What can you do with Gifto?
The GFT token serves multiple practical utilities within the Gifto ecosystem. Primarily, it is used for transactions and fees, enabling users to send value and access various applications. Holders can stake their GFT tokens to contribute to network security and may earn rewards as a result. Additionally, GFT holders have the opportunity to participate in governance proposals and voting, influencing the future direction of the platform. For developers, Gifto provides tools for building decentralized applications (dApps) and integrations, enhancing the overall functionality of the ecosystem. The platform supports a range of wallets and marketplaces that facilitate GFT transactions, allowing users to engage with the token in various ways. Overall, Gifto's ecosystem is designed to empower users, holders, and developers alike, fostering a vibrant community around the GFT token.
Is Gifto still active or relevant?
Gifto remains active through a series of updates and community engagements in 2023. The project has been focusing on enhancing its platform for digital gifting and has made notable strides in integrating with various social media platforms to facilitate user interactions. Recent announcements in July 2023 highlighted new partnerships aimed at expanding its ecosystem, which includes collaborations with content creators and influencers to promote the use of Gifto tokens. Development activity is evident on their GitHub, where the team has been pushing regular updates and improvements to the underlying technology. Additionally, Gifto has maintained a presence on several trading platforms, ensuring liquidity and market engagement. The project also actively engages its community through governance proposals, allowing token holders to participate in decision-making processes. These indicators support Gifto's continued relevance in the blockchain space, particularly within the digital gifting and social interaction sectors, as it adapts to the evolving needs of its user base.
Who is Gifto designed for?
Gifto is designed for content creators and consumers, enabling them to monetize and share digital gifts within a decentralized ecosystem. It provides tools and resources, including a user-friendly platform for creating and exchanging virtual gifts, which enhances user engagement and interaction. The platform is particularly beneficial for creators looking to connect with their audience in innovative ways, allowing them to offer personalized experiences and rewards. Secondary participants, such as developers and validators, engage through the platform's infrastructure, contributing to its functionality and security. Developers can utilize APIs and SDKs to build applications that integrate with the Gifto ecosystem, while validators help maintain the network's integrity. This collaborative environment fosters a vibrant community, supporting both creators and users in achieving their goals within the digital gifting landscape.
How is Gifto secured?
Gifto utilizes a delegated proof-of-stake (DPoS) consensus mechanism, where a select group of validators are responsible for confirming transactions and maintaining the integrity of the network. This model allows for faster transaction processing and scalability, as validators are elected by GTO token holders based on their stake in the network. The protocol employs advanced cryptographic techniques, including elliptic curve digital signature algorithm (ECDSA), to ensure secure authentication and data integrity. This cryptography safeguards user transactions and protects against unauthorized access. Incentives for participants are aligned through staking rewards, where validators earn rewards for their role in securing the network. Additionally, the protocol incorporates slashing mechanisms, which penalize validators for malicious behavior or failure to perform their duties, thereby promoting honest participation. To further enhance security, Gifto undergoes regular audits and maintains governance processes that allow the community to participate in decision-making. The diversity of client implementations also contributes to the network's resilience against potential vulnerabilities.
Has Gifto faced any controversy or risks?
Gifto has faced controversy related to regulatory challenges, particularly concerning its initial coin offering (ICO) in late 2017. The project was scrutinized for potential non-compliance with securities regulations, which is a common risk factor for many blockchain projects. In response to these concerns, the Gifto team took steps to ensure compliance by engaging with legal advisors and adjusting their operational framework to align with regulatory expectations. Additionally, there have been community disputes regarding the project's direction and governance, particularly around the allocation of funds raised during the ICO. The team addressed these issues by increasing transparency in their decision-making processes and implementing community feedback mechanisms. Ongoing risks for Gifto include market volatility and the evolving regulatory landscape, which are typical for blockchain projects. To mitigate these risks, the team has committed to regular audits, maintaining open communication with their community, and adapting their strategies based on regulatory developments.
Gifto (GFT) FAQ – Key Metrics & Market Insights
Where can I buy Gifto (GFT)?
Gifto (GFT) is widely available on centralized cryptocurrency exchanges. The most active platform is PancakeSwap V2 (BSC), where the GFT/WBNB trading pair recorded a 24-hour volume of over $2.71. Other exchanges include Pancakeswap V3 (BSC) and Uniswap V3 (BSC).
What's the current daily trading volume of Gifto?
As of the last 24 hours, Gifto's trading volume stands at $5.64 , showing a 13.72% decline compared to the previous day. This suggests a short-term reduction in trading activity.
What's Gifto's price range history?
All-Time High (ATH): $1.049920
All-Time Low (ATL): $0.00000000
Gifto is currently trading ~100.00% below its ATH
.
What's Gifto's current market capitalization?
Gifto's market cap is approximately $22 964.00, ranking it #4923 globally by market size. This figure is calculated based on its circulating supply of 1 037 167 539 GFT tokens.
How is Gifto performing compared to the broader crypto market?
Over the past 7 days, Gifto has gained 23.12%, outperforming the overall crypto market which posted a 0.34% decline. This indicates strong performance in GFT's price action relative to the broader market momentum.
Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment.
All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions.
Coinpaprika is not liable for any losses resulting from the use of this information.
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Gifto Basics
| Development status | On-going development |
|---|---|
| Org. Structure | Centralized |
| Open Source | Yes |
| Consensus Mechanism | Not mineable |
| Algorithm | None |
| Hardware wallet | Yes |
| Started |
14 December 2017
over 8 years ago |
|---|
| Website | gifto.io |
|---|
| Source code | github.com |
|---|---|
| Asset type | Token |
| Contract Address |
| Explorers (2) | bscscan.com bscscan.com |
|---|
| Tags |
|
|---|
| Blog | medium.com |
|---|---|
| facebook.com | |
| reddit.com |
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Gifto Team
Born in 1990 Masters, University of Pennsylvania, Bachelors, Peking University. Former chief representative at Ripple Labs, Greater China Region. 2011 Asia Weekly Cover Person; 2014 Davos Global Shaper, 2015 Forbes China 30 Under 30. 2015 CNTV Rising Star of the Year; 2015 only millennial graduate in the first batch of entrepreneurs at Hupan University. Since July 24th, 2018, TRON acquired BitTorrent Inc. which is an Internet technology company based in San Francisco and became its CEO
Justin Sun is engaged in 2 projectsGifto Exchanges
Gifto Markets
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
How to use it?
By default Market depth is showing the most liquid markets sorted by Combined Orders (which is a sum of buy and sell orders). This way it provides the most interesting information already. Left (green) side of the market depth bar is showing how many buy orders are open, and right (red) side of the bar is showing how many sell orders are open (both can be recalculated to BTC, ETH or any fiat we have available on the site).


Confidence
Due to rampant malicious practices in the crypto exchanges environment, we have introduced in 2019 and 2020 new ways of evaluating exchanges and one of them is - Confidence. Because it's a new metric - it's essential to know how it works.
Confidence is weighted based on 3 principles:
Based on the liquidity from order books (75%) - including overall liquidity and market depth/volume ratio, volumes included, if exchange is low volume (below 2M USD volume 24h)
Based on web traffic (20%) - using Alexa rank as a main indicator of site popularity
Based on regulation (5%) - researching and evaluating licensing for exchange - by respective institutions
Adding all of these subscores give overall main result - Confidence
Confidence is mainly based on liquidity, because it's the most important aspect of cryptocurrency exchanges. Without liquidity there is no trading, illiquid markets tend to collapse in the long term. Besides liquidity - there is also an additional factor in calculation of score - market depth/volume ratio. If volume is huge (especially when it’s growing much faster than liquidity), and market depth seems to not keep pace with - it's reducing overall score. Exchanges that keep market makers liquidity with expanding volume are those that keep all ratios in-tact and have overall score above 75-80% (it means that they have all liquidity ratios above minimum requirements, high web traffic participation, and are often regulated).
Other coins worth interest - similar to Gifto
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 54 | Aave AAVE | $1 441 893 470 | $95.66 | $240 630 503 | 15,073,211 | |||
| 213 | OriginTrail TRAC | $152 152 604 | $0.304308 | $8 858 458 | 499,995,033 | |||
| 222 | Akash Network AKT | $141 498 363 | $0.483595 | $5 150 041 | 292,596,648 | |||
| 315 | Blur BLUR | $76 601 996 | $0.027496 | $9 829 534 | 2,785,919,834 | |||
| 348 | Arkham ARKM | $65 559 248 | $0.115313 | $7 191 090 | 568,532,082 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 6 | USDC USDC | $77 764 633 461 | $1.000214 | $9 484 155 491 | 77,747,983,635 | |||
| 22 | Chainlink LINK | $5 838 846 190 | $9.31 | $232 723 873 | 626,849,970 | |||
| 24 | Binance Bitcoin BTCB | $5 692 726 759 | $77 867.36 | $36 020 499 | 73,108 | |||
| 27 | MemeCore M | $5 314 324 054 | $4.10 | $12 167 790 | 1,294,879,627 | |||
| 36 | Shiba Inu SHIB | $3 599 928 378 | $0.000006 | $68 318 232 | 589,264,883,286,605 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 310 | Holo HOT | $79 006 363 | $0.000445 | $2 942 083 | 177,619,433,541 | |||
| 419 | Waves WAVES | $48 356 183 | $0.412576 | $6 853 900 | 117,205,390 | |||
| 467 | Status SNT | $39 730 044 | $0.010032 | $2 847 249 | 3,960,483,788 | |||
| 600 | HIVE HIVE | $25 926 893 | $0.060783 | $722 904 | 426,548,034 | |||
| 753 | Degen (Base) DEGEN | $15 998 900 | $0.000697 | $916 395 | 22,961,072,308 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 102 | Artificial Superintelligence Alliance FET | $541 119 386 | $0.207329 | $36 767 930 | 2,609,959,126 | |||
| 127 | Injective Protocol INJ | $354 752 316 | $3.63 | $67 928 476 | 97,727,220 | |||
| 137 | BitTorrent BTT | $318 053 013 | $0.000000 | $6 969 116 | 987,037,885,840,675 | |||
| 166 | Axie Infinity AXS | $230 475 318 | $1.36 | $68 940 372 | 169,992,259 | |||
| 185 | The Sandbox SAND | $191 591 389 | $0.077745 | $33 607 239 | 2,464,357,126 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 175 | THETA THETA | $211 747 859 | $0.211748 | $9 998 993 | 1,000,000,000 | |||
| 192 | Decentraland MANA | $179 965 764 | $0.092658 | $9 672 412 | 1,942,255,184 | |||
| 212 | Basic Attention Token BAT | $153 520 942 | $0.102644 | $6 332 553 | 1,495,658,357 | |||
| 301 | Theta Fuel TFUEL | $85 181 186 | $0.011652 | $1 707 298 | 7,310,703,365 | |||
| 314 | AIOZ Network AIOZ | $76 656 702 | $0.061329 | $2 705 874 | 1,249,927,144 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 2 | Ethereum ETH | $279 412 451 722 | $2 320.19 | $10 782 667 968 | 120,426,316 | |||
| 4 | BNB BNB | $87 336 400 280 | $627.49 | $642 182 556 | 139,184,442 | |||
| 7 | Solana SOL | $49 033 537 859 | $85.15 | $2 745 083 627 | 575,850,720 | |||
| 8 | TRON TRX | $28 106 468 296 | $0.325445 | $412 091 527 | 86,363,298,503 | |||
| 14 | Cardano ADA | $9 546 433 915 | $0.247386 | $293 127 611 | 38,589,258,939 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 6 | USDC USDC | $77 764 633 461 | $1.000214 | $9 484 155 491 | 77,747,983,635 | |||
| 9 | Lido Staked Ether STETH | $22 674 058 956 | $2 315.00 | $44 867 434 | 9,794,399 | |||
| 12 | Wrapped Bitcoin WBTC | $10 180 975 984 | $77 611.92 | $181 643 970 | 131,178 | |||
| 13 | Wrapped Liquid Staked Ether 2.0 WSTETH | $10 148 753 843 | $2 854.20 | $17 682 258 | 3,555,731 | |||
| 17 | WETH WETH | $8 738 801 491 | $2 320.51 | $402 945 941 | 3,765,896 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 10 | Dogecoin DOGE | $14 610 535 311 | $0.097960 | $1 137 669 352 | 149,147,696,384 | |||
| 419 | Waves WAVES | $48 356 183 | $0.412576 | $6 853 900 | 117,205,390 | |||
| 1537 | Kin KIN | $1 624 944 | $0.000001 | $61 403.06 | 2,757,861,681,637 | |||
| 2682 | Patron PAT | $6 069.00 | $0.000015 | $0.005214 | 393,938,955 | |||
| 2943 | KickToken KICK | $1 571 948 | $0.001053 | $0.049928 | 1,493,060,123 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 8 | TRON TRX | $28 106 468 296 | $0.325445 | $412 091 527 | 86,363,298,503 | |||
| 175 | THETA THETA | $211 747 859 | $0.211748 | $9 998 993 | 1,000,000,000 | |||
| 180 | RaveDAO RAVE | $201 195 725 | $0.873625 | $11 537 197 | 230,300,000 | |||
| 192 | Decentraland MANA | $179 965 764 | $0.092658 | $9 672 412 | 1,942,255,184 | |||
| 245 | Enjin Coin ENJ | $121 055 989 | $0.061860 | $22 643 414 | 1,956,935,520 |
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
What is showing Historical Market Depth?
Historical Market Depth is showing the history of liquidity from the markets for a given asset. It’s a measure of combined liquidity from all integrated markets on the coinpaprika’s market depth module.
Gifto



