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Guide: How To Buy Gifto (GTO) On Binance Exchange

ยท 17 Feb 2018 in Guides, Home
Cryptocurrency freelance writer. Many hours dedicated to researching on cryptocurrencies, the blockchain, and so on has increased my experience in this field.

Gifto is a decentralized global gifting protocol for content creators. The protocol was created to allow instant payments via customized gifts. Gift intends to change forever the way tips are giving through the use of smart contracts which enables a fun virtual gift to be sent through the Ethereum blockchain to any content platform like Facebook, Instagram, and YouTube. Gifto is to achieve these through decentralization which rewards quality content generation while encouraging connection between content creators and their audiences.

The brain behind the idea, who is also the co-founder and CEO of Asia Innovations Group is Andy Tian. Gifto sprang out of Tian’s interest in the question of how to apply gaming mechanics in peoples engagement.

The process of virtual gifts being sent from fans to content creators is what drives the platform. Content creators can produce and place virtual gifts on the blockchain as virtual assets and also set their pricing. Every gift can have its unique nature and character, adding fun to digital gifting process. Content creators are then able to accept digital currencies for their published contents regardless the number of fans they have.

Wallet To Store Your Gifto Tokens

Gifto is an ERC20 based token and can be stored in Ethereum based wallet. MyEtherWallet is one of the best wallets you can use to store your ERC20 tokens. You can also make use of MetaMask, Mist, Parity, and imToken.

How To Purchase Gifto (GTO) Tokens On Binance

To get started on the Binance platform, you have to be a registered member. Not until then are you able to trade one cryptocurrency/token for another. The following steps take you through how to register, verify and buy the Gifto token on the exchange.

Step 1

Having an account with the Binance exchange is essential. To do this, head over to the Binance Exchange official site and click on the Register link on the top right of the screen.

Step 2

Fill the required fields of the form and verify your account. If security is important to you and you want to remain anonymous on this one-time transaction, you can try this temporary email service.

Step 3

When you are logged in, you need to send some of those cryptocurrencies you already own to the Binance platform. Locate the ‘Funds’ links at the top then click on the ‘Deposit’ option.

Step 4

Search for ‘Ethereum’ among the list of cryptocurrencies on the page. Use the search box at the top to locate the crypto you want to fund with much faster if not in sight. When found, click on the ‘Deposit’ button in front of it.

Step 5

A wallet address would be generated. Copy the address, go to the wallet you have your Ethereum stored and send to the wallet address generated by Binance.

Step 6

After you have sent your Ethereum or any other one you purchased to Binance, you may need to wait a moment for the transaction to reflect in your wallet and also fully confirmed.

Irrespective of the page you are on, locate the Exchange link at the top of the site, next to the Binance logo. Click on it and select the ‘Basic’ option as displayed.

Step 7

When the Basic page is loaded, at the top right section of the page, locate the cryptocurrency pair you want to trade. Having ETH (Ethereum) to exchange for GTO (Gifto) you will want to search for the GTO/ETH pair. Same process if you have funded with any other cryptocurrency, you just replace the ETH with what you have.

Step 8

Make sure the ‘Limit’ tab is active, that’s the section right under the GTO/ETH price chart.

Step 9

You get to see how much ETH a Gifto costs at the first box labeled ‘Price.’ On the second box ‘Amount,’ you are expected to input the number of Gifto tokens you would like to purchase. Use the options below it to select what percentage of your funded coins to use, 25%, 50%, or all your funds 100% and the value of Gifto tokens you can get will automatically show up in the ‘Amount’ box.

Step 10

Click the Buy GTO button.

Your Gifto tokens should appear in its wallet on the Binance exchange in some minutes. You can after that send it to any ERC-20 token wallet of your choice.

Binance Valentine Competition for GTO Traders

In the spirit of spreading love, Binance has committed a total of 750,000 GTO to reward its fans globally. Top 20 Binance users who purchase up to 1 ETH & 5 ETH respectively (after sales transactions have been deducted), will be rewarded.

Winners would be picked in a lucky draw and prizes are as follows:
1st position gets 300,000 GTOs
2nd position gets 200,000 GTOs
3rd position gets 100,000 GTOs
4th – 10th places will share a pool prize of 75,000 GTOs
11th – 20th positions also will split a prize of 75,000 GTOs

Competition holds 12th February 2018 through 19th February 2018.

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