The Giftcoin vision is to offer a feeless system for end to-end giving. This means that all funds that exist within the Giftcoin system can move without any fees. To ensure a viable business model for the long-term and to make sure the platform can sustain beyond the planned token offerings, a small charge (anticipated to be 1%) will be levied for exchanging fiat into Giftcoin and vice versa. This will also incentivise users to keep funds within the Giftcoin system. The funds from the first token offering event will be spent with the following distribution:
To participate in Token Offering 1 you need to self certify as a sophisticated investor as well as pass KYC (Know Your Customer) and Anti Money Laundering (AML) checks.
Giftcoin will be holding its ICO from December 11th 2017 to January 11th 2018. The ICO token supply represents 10% of the total 200 million Giftcoin tokens. Users will be able to purchase tokens with BTC and ETH, at a fixed price of 0.5 USD. The ICO funding cap is $10M.
Token Reserve Split (90%):
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