This article was first published on Stories by Gifto Official on Medium
A message from Andy Tian
Crypto Then and Now
As we head into November and the bear market persists, many are asking,“How will Gifto survive the winter”? Last year, when I was beginning to articulate Gifto as a concept, the market was in a completely different state than it is now, it’s almost night and day. At that time, you could do no wrong in the crypto world, every project had an idea that was being rewarded by institutional and retail investors. It was a brave new world where we were confident that the blockchain industry was going to disrupt everything from traditional financial institutions to tech giants like Google and Facebook. Fast forward to November 2018 and these traditional entities remain while many crypto projects with their awesome ideas and beautiful white papers are nowhere to be seen. Yet Gifto is still here, and our mission remains the same: to bring crypto to the general market and realize mass adoption.
I believe that Gifto has been more successful than any other token in bringing cryptocurrency to real users who know nothing about the blockchain industry. We’ve expanded our ecosystem through education and enabling fiat-to-GTO gateways in the Gifto wallet in Uplive. However, the path ahead is not easy, and many regulatory challenges remain.
A Path Forward
During Q4, Gifto’s focus will be on positively influencing the entire crypto ecosystem. If we want our token holders to do well, we need to use our influence to help build a better ecosystem, and that’s exactly what we’re doing, starting in Taiwan. We have announced a strategic partnership with the Asia Blockchain Accelerator (ABA), one of the world’s few accelerators backed by a local government. It leverages Gifto’s experience as a project backed by a huge corporation like AIG to help incubate crypto projects with ...
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