Hay Cryptoinvestar readers,today we are making a review about Giftchain , a platform and blockchain project that just launched on Onus Exchange and Pancake in form of an airdrop.
If you have received Gift coin tokens , am sorry to say but am a bit skeptical about its future ,mission and potential for growth.
Am holding a total of 131.48 Gift coin tokens out of 5,000,000 coins which is a total supply.
All my 131.48 coins value 7.2$ as of writing of this article.
Having shown you how much I hold of this crypto i am reviewing this project out of curiosity as a holder.
It’s important to have facts against speculations that could be created by founders of crypto startups.
The legitimacy of GiftChain
GiftChain claims to be trusted by 300+ famous brands nationwide which includes Fahasa, zumwhere, happybull and so many others.
According to the names of brands put on the website it shows this is obviously a Vietnam project .
The biggest concern is ,does GiftChain target an international audience or it’s simply aiming at having only Vietnam nationals as its primary consumers.
There is no direct links to these companies to validate there existence . Neither is there any proof of partnership as alleged on the website.
There is no ownership of the project shown on the website which makes people behind it anonymous and Incase of “dump” there is no one to blame.
Giftchain has initially been given out to its primary holders through ONX Burning staking at onus exchange .
An example is here
I staked 484,709 ONX into a burning staking pool at onus exchange and earned 131.48 Gift coins.
With this Onx Burning Giveaway of Gifts, it earned the project 20,620 holders of this token sharing a total of 1,050,000 Gift coins.
In my own opinion, and how Gift chain immediately appeared on scene. It looks like a project belonging to Onus exchange or its workers or associates.
And I will explain this later in this article
Gift Chain and it’s Gifting idea becoming a success?
Gift chain claims it’s the first platform that allows the use of reward points to exchange for vouchers.
This means that Gift coin is a shopping cryptocurrency which people can use to purchase items online or send shopping vouchers to one another ( peer to peer Voucher platform)
On the website it states 300+ partners and in the white paper it says with over (800) partners
This is very unprofessional and it shows how unorganized the company is and definitely unserious.
They promise to offer
1. Secure and transparent blockchain
2. Fast and low cost transactions
3. Cross boarder Gifting
4. transparency
5. Scalability
And to me this doesn’t feel exciting at all even when it sounds good to newbies in crypto
All the mentioned above are qualities of every blockchain out there at market and with thousands of shit tokens.
Bitcoin, solana, ethereum, Ve-chain can all be used for online shopping and gift vouchers for shopping. I do not really see the difference in the GiftChain setup.
Will the Price of GiftChain grow and what’s the prediction?
GiftChain is already having over 20,000 holders of this token according to Onus Exchange.
This is already a good number for it to have An amazing start if half of this number didn’t sell off at listing.
With just 5Million coins and having a 1% transaction fees used to burn the supply, it could have some significant price impact.
The future is highly skeptical on if it will pump so high, or slightly Pump, or actually dump with time.
The Tokenomics favor growth and will create some demand if the community understands the fundamentals and mission of this project.
I do not see any amazing functionality of GiftChain yet and how it will impact society yet and could be another shit token to play around with.
As a holder holding 131 coins, am still holding to see how the market reacts on GiftChain token with time.
Apparently GiftChain is priced at 0.055$ and has had an overall growth of over 1000% since ever it’s launch which is amazing.
Apparently it has introduced staking at Onus Exchange where you can stake it and enjoy the benefits
Stake for 90 days and earn 7% profit
Stake for 60 days and earn 5% profit
Stake for 30 days and earn 3% profit
This is an amazing strategy and it will help control unnecessary dumping from community unless if it’s the company dumping to get cash for developments.
Staking is one of the best ways crypto companies use to create scarcity for the tokens on markets.
GiftChain has been at its lowest of 0.0047$ and apparently at 0.059$
Which is an amazing growth in just two weeks at market.
Should you invest in GiftChain?
Giftchain is a very new cryptocurrency on market with a very undefined mission and vision. Nor does it it show a clear solution that it’s going to be offered.
It’s founders are not known by anyone and it’s even more likely to be a trial and error project just like we have seen hundred thousands of them.
However it’s limitations of markets can have it make some people rich with price increase.
Forexample if it grows to 10$ and am having my 131 coins I will be having 1,310$
It’s good morning to start trading and earn some dollars every day.
It’s important to make research and find out more about Gift chain before investing in it and even when you decide to invest in it you should invest in money that is worth loosing.
Crypto is highly volatile right now and forever and therefore losses are highly common.
Please let me know what you think about GiftChain and my review about this coin
I hope I have not been biased and I have given my very right opinion.