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Gifto: A Decentralized Protocol for Virtual Gifting

Gifto is an innovative decentralized protocol built on the Ethereum blockchain. Its primary purpose is to facilitate the exchange of virtual gifts on popular online content production platforms like Facebook, Instagram, Youtube, and Uplive. Additionally, Gifto offers the potential for increased revenue through online advertising.

Distinctive Features of Gifto Protocol

The Objectives of the Gifto Project

The Gifto Protocol aims to establish itself as the go-to decentralized virtual gifting protocol. It is developed by the Asia Innovations Group, the parent company of Uplive, a renowned live streaming app, and other successful games and societies.

With Gifto, the goal is to decentralize the virtual gifting economy currently confined to Uplive. In Uplive, fans acquire virtual gifts created by an in-house design team using an in-app digital currency called diamonds. Gifto seeks to separate the processes of gift creation, management, and revenue sharing from centralized platforms like Uplive. The protocol puts the control in the hands of virtual gift creators, curators, content creators, and fans.

Unique Aspects that Set Gifto Apart

Gifto offers several remarkable features that distinguish it from other platforms:

• Independent Existence: The Gifto Protocol allows users to openly and securely buy, sell, and exchange virtual gifts. This independence empowers content creators to enhance their revenue streams without solely relying on online channels.
• Smart Contracts: Smart contracts play a crucial role in facilitating the exchange, buying, and selling of virtual gifts. These contracts ensure the interests of all parties involved and remain unaffected by any social networking platform.
• Eco-Gifting System: Gifto introduces an eco-gifting system that collaboratively fosters the creation of unique virtual gifts, expanding the possibilities for content creators and fans alike.
• Cross-Platform Compatibility: GTO coins, the native cryptocurrency of Gifto, can be freely exchanged across various online platforms by utilizing gifto codes for sending and receiving.
• Custom Gifts: Gifto goes a step further by allowing virtual gift buyers to personalize their gifts, adding a layer of personalization and meaning to the gesture.