Should you buy Gifto and where to buy it?
Are you one of the many crypto enthusiasts who can’t wait to find some new valuable cryptocurrencies to invest in? Do you follow the developments in this industry daily, and are you wondering which next cryptocurrency is worth your attention and money? Have you ever considered buying Gifto?
If you haven’t, after reading this article, you will indeed consider one of the currently most popular cryptocurrencies – Gifto. Whether you have recently started your adventure in the blockchain industry or already have relevant experience, you must learn all the fundamental things about it when it comes to investing in a new cryptocurrency.
Before you decide to buy Gifto currency, you need to read the basics about it, what the process of purchasing this token looks like, to determine if it’s a good idea or not.
Well, let’s start with the basics and learn about the Gifto protocol first, shall we?
What is the Gifto protocol – Get all the crucial information
Before you decide to buy a Gifto token, it’s crucial to understand that Gifto represents a decentralized protocol built on Ethereum. As the name suggests, this particular protocol allows users to exchange virtual gifts through social or digital media platforms. The Gifto protocol is what Gifto io is based on.
Andy Tian, the serial entrepreneur and the creator of Uplive, have led the Gifto team alongside William H. Nguyen, an engineer, researcher and educator, and Charles Thanch, an early blockchain adopter in financial institutions.
The main purpose of the Gifto protocol is to allow users to exchange virtual gifts that generate significant revenue and enhance the social relationship between creators and their followers. In short, we’re speaking about a universal gifting platform where anyone can create and share crypto gifts. Now, let’s find out more about the Gifto token!
The Gifto token – One of the first application tokens
Gifto token, or the GTO token, in short, represents one of the first application tokens that was launched on the Binance Launchpad. Since its revelation in 2017, it has released a significant number of innovations such as:
- The highest active user blockchain game
- The largest crypto wallet for mass-market use
- Other applications which are widely used
Gifto token was first tradeable on the 18th of December in 2017. It’s also important to know that Gifto Chain and Wallet were developed by global contributors across community, operations, partnerships, and technology.
The total supply of the GTO tokens and Gifto price estimates
The total supply of the GTO tokens is 1,000,000,000. Currently, the price of a GTO token stands at $0.0656 and has a market cap of an incredible amount of USD 66,641,180.32. The GTO token has recently surgery 1.37% at this writing.
GTO ranking and listing
It’s ranked 610 on Coinmarketcap, which is known as the world’s most-referenced crypto assets website for price-tracking in the ever-growing crypto space. GTO has also been listed on numerous crypto exchanges. Unlike other major cryptocurrencies, Gito tokens cannot be directly purchased with fiat money.
Nonetheless, a trader can still buy this coin quickly by first purchasing Bitcoin from any fiat-to-crypto exchange and afterwards transferring it to the exchange that offers to trade it.
Before we answer whether you should buy Gifto token and where to do so, you’ll first learn how to buy Gifto in the best and most effective way, step by step.
GTO to USD price – Information
At the time of the writing, the GTO to USD price is $0.0646 with an approximate 24-hour trading volume of USD 36,484,820.
How to buy Gifto in the most efficient way – A step-by-step guide
First of all, you can buy Gifto on one of the more significant exchanges that most investors are familiar with. To buy Gifto tokens in the best and most efficient way, we’ve prepared a step-by-step guide that will help you do so on one of the exchange platforms, in our expert opinion.
Let’s start with step number one, shall we?
#1 Make a registration on Fiat-to-Crypto Exchange
The essential step is registering on one of the most commonly-used fiat-to-crypto exchanges such as Coinbase or Uphold. You need to buy Bitcoin (BTC) first and later exchange it for Gifto. Both platforms are a great choice, and it is recommended that you try both shortly before opting for one.
#2 Purchase Bitcoin with fiat money
Once you’ve registered on one of the fiat-to-crypto exchange platforms, it is time to purchase Bitcoin with your fiat money. You’ll receive a request to add a payment method to choose one of the two options: credit/debit card or bank transfer.
Keep in mind that you’ll be charged higher fees if you use cards, but you’ll also get to make an instant purchase. Even though bank transfer is somewhat cheaper, it is much slower. Some countries offer instant cash deposits with low fees.
Click the “Trade” button and confirm your transaction to proceed once you do so. Congratulations! You’ve made your first cryptocurrency purchase!
#3 Transfer Bitcoin to an Altcoin exchange
However, you’re not done yet! Remember, Gifto is an altcoin that you need. Therefore, you have to transfer your Bitcoin to an exchange that GTO can be traded. In this example, we’ll use Binance. It’s a popular exchange for training altcoins and includes many tradable altcoins pairs.
You’ll need to sign up on Binance, which since 2017, has been the top crypto exchange in the whole world. However, Binance doesn’t allow US investors, so they need to find other exchanges. Also, if you are determined to buy Gifto without any troubles, you’ll be advised to set up 2FA authentication, too and finish it because it adds extra security to your account.
#4 Deposit Bitcoin to exchange
You’ll proceed to another KYC process that usually takes 30 minutes to a few days maximum. This process will be straightforward. Once you’ve done with it, you’ll get full access to your exchange wallet.
Even though it might sound scary, the process is more straightforward than you think. Since you want to transfer your Bitcoin on Coinbase to this wallet, it’s essential to click on the “Copy Address” button. Go back to Coinbase and its Portfolio page. Click on BTC on your asset list, and after that, click the “Send” button on the right side.
Paste the wallet address from your clipboard under the recipient field. Click “Send” to proceed. After that, you’ll get a confirmation email that will require you to click the confirmation link in the email. Once you do so, your coins will be on their way to Binance! When your BTC has arrived, you’ll receive a confirmation notification, and you’ll be able to buy Gifto!
#5 Trade your Gifto coin
If you wish to trade your GTO, go back to Binance and click on the “Exchange” button and don’t mind the constantly flicking figures that will appear on the chart. In the right column, select the “BTC ” in a search bar since you’ll be trading BTC to an Altcoin pair.
Click on it and type in “GTO”. You’ll see an offered crypto pair “GTO/BTC”. Select it, and you’ll then see a price chart of GTO/BTC in the middle of the page. Below that, you’ll see a green button that says “Buy GTO” inside the box. Choose the “Market” tab. It’s the best choice for buying orders.
Keep in mind that you’re able to either type in your desired amount or choose a portion of your deposit you’d wish to spend on buying by clicking on the percentage buttons. Once you’ve confirmed everything, click “Buy GTO” and Bingo! You’ve finally purchased GTO! Congratulations!
How is the Gifto project working?
The famous Gifto project works very similarly to other platforms such as Patreon but is a tipping type of setup. Some UpLive broadcasters earn an incredible $50,000 per month like this. For those unfamiliar with UpLive, it refers to a live video streaming app with a gamified gifting solution. It enables emotional interaction between broadcasters and their followers.
Watchers buy “virtual gifts” like Unicorns, Lamborghinis, or other digital goods to reward their internet heroes with it. These particular “gifts” can be traded or cashed out into real currency via the native tokens that the platform supports.
Is it a good idea to buy Gifto – Get the opinion of professionals
Now that you finally understand what the Gifto protocol is, a token and how to buy Gifto cryptocurrencies, it’s time to get an answer to the question – is it worth investing your money in this token?
If we consider the Gifto analysis, we’ll see that the social following for the GTO asset is excellent! However, the Google trends seem to be somehow lacking. While many platforms are eager to ride the social tripping wave, we can tell that Gifto has an absolute advantage here.
Besides having an excellent working product, they’ve got a vast and dedicated user base of enthusiasts who are already using it. So, If you’re convinced that the youtube and influencer trend will continue, then it might be a good time to invest in Gifto!
Remember, musicians, comedians, artists, authors, and any other type of creator that makes entertainment-based content for living is searching for more fairways to be paid for their work. Undoubtedly, the blockchain could quickly become a haven for creators!
GTO price prediction five years from now
If you’ve decided to buy Gifto, you’ll be happy to know that the price of Gifto cryptocurrency will rise in the following years from now, starting from $0.0618357 as of today’s price to $0.2530481. In 2022 it will go up to $0.103173 and then reduce in 2023-2024.
