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GIFcoin (GIF) ICO Review – ICO Token News

Overview

The GIF in GIFcoin stands for Gambling Investment Fund. This fund is backed by an already functioning betting website – VitalBet.com.  Our aim is not to convince you that we are crafting something genius, like many ICOs declare. In fact, unlike the majority of other ICO campaigns, we already have a real working project.  The idea of GIFcoin Initial Coin Offering (ICO) is to raise capital, which we’ll use to upgrade VitalBet’s gambling platform, as well as popularize and promote the Brand (which will be rebranded to Buff88.com) on the most promising betting markets (countries). After we have completed all these steps, we expect a large increase in users. As a result, we will share 80% of Buff88’s (former VitalBet) net profits with our GIFcoin token holders on a yearly basis. As simple as that. Buying GIF Tokens from our ICO will enable Investors to participate in an existing and moneymaking business that is at the beginning of a long-term, sustainable growth.

After a profound research and analysis of the ICO market, in November 2017, we decided to release an ICO and share our idea with you. With your support and trust, and with our knowledge and know-how, we believe we can achieve our aim to enter the TOP 15 bookmakers worldwide, which will bring gigantic profits to both you and us. According to our research and analysis, each of the TOP 15 bookmakers in the world generates a yearly revenue of $800+ million.

Betting Site Overview

We believe that life should be a fun and exciting experience, and we love sports. For this reason, our team puts substantial efforts into crafting a truly unique online betting experience. Our core product is the very pleasure of online gambling at any time and in any place in the world. Briefly, we produce modern IT solutions to allow people to bet online on sports events and on their favorite gambling games. Our aim is to turn betting into a simple, safe, and accessible activity for every user.

The Gambling and Sports Betting Market

On a global scale, gambling is an enormous market whose revenues in 2016 were $484 billion. It is estimated to grow from between 3% to 3.5% per annum until 2020, with general positive short-, mid-, and long-term trends. In 2016, the sports betting segment worldwide made around $212 billion in revenues, and shows a very high potential for growth. These high revenue shares are due to the superior bets in the market in comparison with the wagers placed via lotteries and in casinos, as well as owing to the increasing authorization and legalization of sports betting online, allowing users to place bets from any corner of the globe. With an ever-expanding internet-using population and a growing legalization of online sports betting in numerous countries, counting the U.S.A., this market segment will experience a substantial growth in the upcoming years.

Initial Coin Offering (ICO)

  1. To grow quickly and outpace the competition, VitalBet needs initial capital for new design and functionality, rebranding, launching of a mobile app, country market expansion, as well as marketing and advertising campaigns. Collecting capital through the two traditional financing methods – debt and equity – seem to be expensive, time-consuming, or extremely risky.
  2. GIF Tokens will be available for purchase by the public in the beginning of 2018.
  3. Our Company reserves the right to alter the period of the ICO in its total discretion, with publishing the relevant changes on our website.
  4. Buying GIF Tokens will be possible ONLY through the website of the ICO.
  5. Investors may purchase any volume of GIF Tokens within the offered volume of issued GIF Tokens, depending on the current availability. The minimum payment is 0.5 ETH for stage 1 – 4 . After stage 5 of Token sale has been reached the minimum is 0.1 ETH. No maximum limit.
  6. Investors may buy GIF Tokens ONLY with ETH, BTC & LTC cryptocurrency. No fiat currencies are allowed.

Profit Share Report

To have a proof of GIF ownership by exact addresses, GIFcoin will take a snapshot of the Blockchain before each profit share distribution. It permits to use the current state of tokens distribution among ICO Investors as on the exact block. The quantity of the milestone block, as well as an estimated date and time of its appearance, will be announced in advance both at GIFcoin’s website and by email.

Distribution of the Profit

GIFcoin is negotiating with all major exchanges in regards to the implementation of the profit share, accepting functionality. GIFcoin will inform all token owners when this feature will be available to any of them. GIFcoin’s financial management will transfer 80% of the Buff88’s (former VitalBet) net profits to GIF token holders on a yearly basis. The date of the profit share distribution will be announced in advance at GIFcoin’s website.

The net profits of 45% amount to $340,200,000. Out of these $340,200,000, we will share 80%, which is $272,160,000. These $272,160,000 will be distributed annually between the 300,000,000 tokens as a profit share. In this way, every owner of 1 GIFCOIN token will receive an annual profit share, amounting to $0.9072. To know current trend of ICOs, you can check ICO stats.

Team

  • Krasimir Popov
    Krasimir Popov
    Krasimir Popov
    FOUNDER & CEO
  • Svetoslav Dimitrov
    Svetoslav Dimitrov
    Svetoslav Dimitrov
    BRANDING EXPERT
  • Trifon Boyukliyski
    Trifon Boyukliyski
    Trifon Boyukliyski
    MARKETING EXPERT
  • Zhivko Nikolov
    Zhivko Nikolov
    Zhivko Nikolov
    BLOCKCHAIN DEVELOPER
  • Todor Nikolov
    Todor Nikolov
    Todor Nikolov
    BACK-END DEVELOPER
  • Krasen Hristov
    Krasen Hristov
    Krasen Hristov
    FRONT-END & UIX

Milestones

  • 1
    01.2015
    Beta version of the betting website.
  • 2
    06.2015
    Launch of the betting site - VitalBet.com.
  • 3
    05.2017
    Adding Bitcoin as a payment method for both deposits and withdrawals.
  • 4
    01.2018
    Launch of the Initial Coin Offering (ICO) website.
  • 5
    02.2018
    Beginning of the first stage of the ICO.
  • 6
    03.2018
    End of the Initial Coin Offering (ICO) campaign.
  • 7
    03.2018
    Expansion of the Team.
  • 8
    04.2018
    Release of the updated version of the platform software with new Top-notch design and best user-friendly experience.
  • 9
    05.2018
    Release VitalBet's revolutionary mobile betting application for Android, iOS, and Windows.
  • 10
    05.2018
    Update VitalBet.com's affiliate program with the most attractive conditions to smash up the competition in the industry
  • 11
    06.2018
    Next to BTC, we will be adding the most popular cryptocurrencies as a payment method (both for deposits and withdrawals).
  • 12
    06.2018
    Launch of a large-scale marketing campaign.
  • 13
    06.2018
    Beginning of an aggressive advertising campaign, using the best channels for that.
  • 14
    07.2018
    Legal agreements and licenses with/ in some countries.
  • 15
    08.2018
    Launching Vitalbet 2.0 - Another amazing update of the platform with more extras and functionalities.
  • 16
    12.2018
    Expected reach - 1,000,000 platform users, which will catapult us among the TOP 15 betting websites in the world.
  • 17
    12.2018
    Profit share distribution to all token holders.

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