This article was first published on Stories by Gifto Official on Medium
The future of Gifto’s Token Management
Core to realizing the Gifto vision for mass adoption is the responsible stewardship of our token supply to develop the project and attract new, long-term users and partners to the Gifto ecosystem. In order to bring further transparency to our token management and demonstrate the Gifto team’s long-term commitment, we are sharing our plans for token releases to power the ecosystem as well as for a smart-contract lockup of “Company Reserve” A.K.A. “Team Tokens.” This plan will be implemented in early Q1 and provide public wallets for “Company Reserve” tokens.
Token Supply Update
As of November 2018, approximately 53% of Gifto’s total supply (1B) is in circulation, with the remaining tokens being roughly split across “Powering the Ecosystem” (~218MM) and “Company Reserves” (~250MM).
Purpose of Allocations
Each of the two remaining allocations play key roles in supporting the Gifto vision.
“Powering the Ecosystem”(~218MM held) — This allocation is used broadly to grow the Gifto ecosystem, and includes using tokens for partnerships which will drive mass adoption. This past year, a key use case of powering the ecosystem tokens were exchange listings and events; as a result, Gifto has a truly global token-holder base and has been listed on the world’s largest exchanges. See this article for more information.
“Company Reserves”(~250MM held) — This allocation is discretionary, with potential use cases including powering the ecosystem, long-term project cost management, and team incentives.
Gifto Token Management Moving Forward
In order to maximize the long-term success of Gifto and growth of the ecosystem, the Gifto team has resolved to implement the following:
- Gifto “Company Reserve” tokens (250MM) will not be accessible until January of 2021. Gifto is extending the period in which the “Company Reserves” cannot be accessed by another year, to 2020. ...
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Stories by Gifto Official on Medium