Crypto Token is a digital currency, providing access to services that provide a distributed network. Toggers can be obtained by creating value on the appropriate network. In the Bitcoin network, Ethereum may be involved in mining, and the token’s Steemit network may be acquired by mining, and still publish content on demand. The shares are used to fund network development and development. To access their company services is not required. Actually, they can be regarded as crypto equity. Instead of investing, the holders of the crypto token receive the difference in the form of price increases from trading or some bonus for transactions in the market. One network that uses a token into a network is GATCOIN that is associated with cryptocurrency and based on blockchain. technology systems.
ABOUT GATCOIN
GAT Coins are a new crypto currency token that will be launched on Ethereal’s main network as part of a larger enterprise system (GAT System) for global merchants to publish their own branded digital tokens (Merchant Tokens). The GAT system allows companies to issue digital tokens to mass consumer audiences with minimal settings, allowing them to quickly apply token usage as part of their overall marketing strategy.
How the GATCOIN system works in collaboration with self-authorized merchants or merchants to publish the token set in the existing feature wallet for transactions and can only be used by those who have participated in the program, who then use this token to be extended across the world as a means of transactions. The GAT system is a genuine collaborative effort by a group of engineers, business people, and marketing professionals around the world The founder and CEO of the GAT System is Simon Cheong, the blocking businessman and former World Bank lawyer.
Imagine if Tom’s favorite airline, LuxAir, issued Loyalty Tokens additionally to the same old “airmiles”. once Tom buys her airplane ticket, the airline problems LuxAir tokens on to Tom’s GAT case. Tom currently needs to shop for a business-class upgrade. Upgrades ar out there on the GAT case forLuxAir tokens and a money supplement. She “buys” the upgrade with a mixture of LuxAir tokens and money. Tom conjointly see that her favorite dress shop edifice, the Red edifice, is providing rooms at low money rates provided Red edifice tokens ar wont to supplement the money purchase. She does not have enough Red edifice tokens to trigger this provide, however has lots of LuxAir tokens. Tom trades her LuxAir tokens for Red edifice tokens, then uses those tokens to get rooms at Red edifice. the advantages to Tom ar obvious. despite the fact that Red edifice and LuxAir ar 2 separate firms, Tom uses the GAT System to “cash in” her gift from LuxAir to pay with RedHotel. LuxAir advantages as a result of the LuxAir tokens Tom sold-out ar currently within the hands of another client WHO is creating a procurement of LuxAir tickets.
Finally, RedHotel advantages as a result of it’s sold-out rooms that will otherwise have remained empty, and has done therefore in a very manner that avoids ancient discount promoting techniques.
Ethereum Network
Unlike many other existing blockchains to perform one particular function (such as
recording crypto-coin transfers from one owner to another owner), the Ethereal blockade is designed to be fully "programmed". What this means in plain English is temporary
standard blockers such as simple Bitcoin transaction ownership transactions (hence a broad analogy of blockchain as a kind of "electronic ledger"), Ethereal blockchain jot down machine code that can run like any other program that your PC normally has. So instead of just asking for the Ethereal blockade to take note of the simple ownership of crypto-coin transfers, Blocking etiquette users can design and apply miniature programs to the blockchain itself. The program, which is replicated over thousands of nodes, can then perform a number of functions, ranging from simple "ledger" runs to more advanced functions such as tracking inventory movement through international supply chains.
So, if Bitcoin can be viewed as a "distributed electronic ledger", Ethereum can be viewed as a distributed virtual computer, replicated worldwide with thousands of nodes. Due to the distributed nature of blockchain, the program code, its input and output, will never be
deleted, shut down, hacked, or tampered with. Ethereum is arguably the first in a distributed global computer world that has no "off-switch".
GAT Foundation
The GAT Foundation will be established as a non-profit organization in Singapore managed by an independent board of governors. The GAT Foundation will control the supply and circulation of GAT Coins on the open market. The GAT Foundation will also act as a market maker and regulator in the GAT Exchange.
Initially, 10% of the outstanding GAT Coins will be allocated to the GAT Foundation as a
reserves for open market operations.
The purpose of the GAT Foundation is to:
. Ensure stable and transparent prices for GAT Coins to help traders accurately price goods, services and incentives.
. Regularly publish market data on GAT Coin inventory and circulation.
. Provide timely information to market events that will have a material impact on the price of GAT Coins.
. Ensure liquidity of GAT Coins in GAT System so GAT Coins can keep settlement currency useful for Merchant Token exchange.
. Manage enough alternative crypto reserves to conduct open-market operations to support GAT Coin pricing.
GAT Exchange
The GAT Exchange will be a regulated crypto currency exchange that will match buy and sell orders through the auction system The purpose of exchange is to provide adequate liquidity of GAT Coins.
The solution
We believe that many, if not all of these problems can be solved by creating controls
environments in which companies can deploy digital tokens to mass consumer audiences, thereby reducing risks that may negatively impact technology adoption, the brand
values, and potential regulatory issues.
The solution of the problem
. Negative Association
. Complexity of Technology
. Uncertain Value Proposition
. Unknown with Token Circulation
GATCOIN TOKEN
The GAT Coin may be a transferable ERC20 token that may be issued and transferred over the most Ethereum network. in contrast to several alternative blockchains that exist to perform one specific set of functions (such as recording the transfer of crypto-coin from one owner to another), the Ethereum blockchain was designed to be entirely “programmable”. What this suggests in plain English, is that whereas normal blockchains like Bitcoin record straightforward possession transactions (hence the widespread analogy of blockchain as a kind of electronic “ledger”), the Ethereum blockchain records computer code that may be run like all alternative program that may unremarkably reside on your computer. So, instead of merely requesting the Ethereum blockchain to record straightforward possession transfers of crypto-coin, users of the Ethereum blockchain will style and deploy miniature programs into the blockchain itself. These programs, that area unit replicated over thousands of nodes, will then perform any variety of functions, from running a straightforward “ledger”, to a lot of advanced functions like following the movement of inventory through a world offer chain.
Token sale
Token sales will offer a limited number of GAT coins to early adopters. The purpose of
token sales is launching a liquid currency for Merchant Tokens trades in GAT Swapping.
A fixed supply of 1 billion GATCOIN will be made for operation with the GAT System. After that, no further coins will be made. Of the total supply of GAT Coins, 10% will be allocated to the GAT Foundation. 10% will be allocated to developers and technical colleagues. 80% will be allocated to the general public.
On October 28, 2017, 200,000,000 GATCOIN will be sold to early adopters. Sales will begin at 12:00 UTC and end on 28 November 2017 at 12:00 UTC or earlier when all 200,000,000 GAT Coins have been sold out .
GATCOIN will be allocated to the first-come first-served service. Selling price for 33%
GAT coins will be fixed in ETH on an ETH equivalent of US $ 0.20. 33% both remain on
Equivalent to US $ 0.30, and last 33% at ETH equivalent of US $ 0.40.
GATCOIN is sent to the buyer immediately after purchase. GAT coins are free
transferable at the end of the sale.
The GAT Coin token distribution will commence on October 28, 2017 at 12:00 UTC :
GATCOIN will be distributed according to the schedule below:
By 2017, there will be an initial sales of 200,000,000 GAT Coins for initial users on October 28, 2017.
After that, GAT Coins will be distributed at the GAT Exchange between 2018-2021. Sales will be made not announced In contrast, buyers may bid for GAT Coins on GAT Exchange at current market prices. GATCOIN will participate in the auction process either directly or indirectly through the GAT Foundation or other brokerage brokers.
The goal of the 2018-2021 sales program is to coordinate GAT release gradually Coins with long-term business development requirements of the GAT System and for
providing sufficient liquidity for the growth of GAT System users in the future.
ROADMAP
MEET THE TEAM
FOR THE INFORMATION DETAILS PLEASE VISIT :
WEBSITE: https://www.gatcoin.io/
WHITEPAPER: https://www.gatcoin.io/wp-content/uploads/2017/09/GATCOIN_Whitepaper_ENG-1.pdf
ANN THREAD OFFICIAL: https://bitcointalk.org/index.php?topic=2197889
UPDATE PRIVATE SALE: https://www.gatcoin.io/update-on-gatcoin-private-sale-public-pre-sale-and-public-sale/
VISIT OUR SOCIAL MEDIA
TWITTER: https://twitter.com/gatcoin
FACEBOOK: https://web.facebook.com/gatcoinofficial/
TELEGRAM: https://t.me/gatcoin
Author :
My Bitcointalk username: rezqiano
My Bitcointalk profil : https://bitcointalk.org/index.php?action=profile;u=1271152
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