As cryptocurrency rises in popularity, new ways to access the value presented by digital currencies are being developed. Cryptocurrency traders and investors are now able to access a wide range of different methods that can be used to trade cryptocurrencies for real world goods and services.
Many international brands and online shopping platforms now accept Bitcoin and other cryptocurrencies directly as a method of payment. It’s now possible to sell cryptocurrency via any number of cryptocurrency exchanges and withdraw fiat currency directly into a bank account. New cryptocurrency cards even make it possible to withdraw fiat currency directly from ATMs using cryptocurrency, anywhere in the world.
Virtually all of these solutions, however, suffer from a number of drawbacks. Most of these solutions are associated with high fees, and require- in most cases- for users to identify themselves to comply with Know Your Customer and Anti Money Laundering regulations, deanonymizing themselves.
A new platform, however, is aiming to make it possible for users to exchange their cryptocurrency for real world goods and services completely anonymously, with extremely low fees. GiftToken is a new platform that is set to make the process of purchasing giftcards and pre-paid cards with cryptocurrency extremely easy and fast.
In this article, we’ll take a look at the GiftToken platform and find out how it works. We’ll also check out the GiftToken initial coin offering and find out what it’s offering to help you determine whether it’s worth considering investing in.
What is GiftToken?
GiftToken aims to provide cryptocurrency investors, traders, and holders with the ability to purchase both gift cards and prepaid cards. GiftToken boasts no activation fees, no card registration, and guarantees anonymity for all users.
Simply put, GiftToken is a marketplace where gift cards and pre-paid cards can be purchased with cryptocurrency. The GiftToken platform accepts all major cryptocurrencies, and is constantly adding support for newer cryptos. The gift cards purchased from GiftToken can be used anywhere Visa, Mastercard, Discover, or store-specific gift credit is accepted.
GiftToken makes it easy to use cryptocurrencies to pay bills, shop online, shop in-store, or even used as a prepaid debit card. Importantly, there is no maximum purchase limit on the GiftToken platform regardless of identification status, and users are able to access the e-gift-cards that are available on the platform instantly via email directly after purchase.
The GiftToken ICO
In order to finance the development of the GiftToken platform, GiftToken will be running an initial coin offering crowd pre-sale that will begin on the 15th of November 2017. The pre-sale will offer 15 million GIFT tokens at a price of 1 ETH to 10,000 tokens, and will run until the 10th of December 2017, or when the cap is reached.
The GiftToken crowdsale will begin on the 11th of December 2017, and will make 25 million GIFT tokens available at a price of 1 ETH to 5,000 GIFTokens. The total supply of GiftTokens will be limited to 50 million, with a further 100 million GIFTokens locked away for two years.
GiftToken will be accepting Bitcoin, Litecoin, Dash, Ethereum, Bitcoin Cash, and, interestingly, Dogecoin. The GiftToken platform is one of the more reputable ICOs set to launch soon, and has been featured in media such as Medium, Cryptocurrency Talk, Token Data, Top ICO List, and even by Coindesk.
Final Thoughts On The Gift Token Platform
The GiftToken platform is not a new concept in the world of cryptocurrency there are already many ways to purchase gift cards with cryptocurrencies in existence today. What GiftToken does differently, however, is the sheer amount of different cards available, and the total anonymity it offers, making it a positive investment opportunity.