Recently-launched ICO GIFcoin wants to reshape the way we interact with online betting websites by allowing individuals to have a share of the involved revenue. With their successfully operating VitalBet platform, the GIFcoin team plans to execute this vision with participants being rewarded with profits.
A History of Affiliate Success
GIFcoin’s history began way back in 2011, when a team of experts came together to create a number of products related to the affiliate marketing space. What they then realized was the potential behind betting and gambling affiliate programs as the most profitable. After building their initial business through betting and slowly exiting other affiliate spaces, the team entered the U.K markets, increasing both their affiliate catalogs and profits.
Plenty of projects in the cryptocurrency space share their concepts and raise money all while rarely providing any deliverables. The GIFcoin team have already created their core product, VitalBet, which operates to this day as a successful online betting website. Covering all major sports, VitalBet soon after its launch introduced Bitcoin as a payment option and began to rub shoulders with the cryptocurrency community.
At the moment, VitalBet is one of the few bookmakers to accept cryptocurrency and will soon accept a plethora of digital assets after development is funded through their ICO. The initial integrations will see the platform add Ethereum, Litecoin, Ripple, and Dash, and other liquid digital assets as time goes on.
One of the main pitfalls users face when interacting with online betting websites is unintelligent designs coupled with clunky user experiences. The GIFcoin team plans on outfitting VitalBet with a simple-to-use, aesthetically pleasing design to allow users to process their transactions on the platform with ease and simplicity.
VitalBet Breaking Barriers
VitalBet’s path to success has already been outlined by the team and it includes large advertising campaigns, license applications, a new affiliate program, an upgraded staff, and plenty of payment options. By turning VitalBet into a household brand through sophisticated marketing techniques, they are sure to capture a wide audience to start using their platform.
With a $484 billion market contained in the online gambling space, capturing a slice of that with innovative techniques and smart engineering should be an easy bet to place on GIFcoin and VitalBet.
VitalBet has already made a splash in the online betting industry, by placing as the 71st highest ranking bookie on the internet against other online betting platforms. Their vision includes continually moving toward the top, as the team projects that they will be one of the top 15 bookmakers online by 2020. By combining an efficient platform along with their projected milestones, VitalBet is poised to truly take over the online betting space.
GIFcoin: Sharing Wealth with Platform Participants
At the center of the platform is GIFcoin, which will grant participants and holders access to 80% of VitalBet’s annual net profits once a year. The distribution phase will involve a full report that is conducted initially, followed by an annual profit share in Ethereum. GIFcoin’s plan to audit and distribute involves a full snapshot of the blockchain right before the distribution period. ICO participants will be notified in advance on the GIFcoin website, and by email.
The GIFcoin sale features 300,000,000 total tokens with 10,000,000 already being sold out. The sale has a soft cap of 5,000 Ether and a hard cap of 24,000 Ether set in order to be able to build out their gambling investment fund.
GIFcoin is currently in the first stage of their main ICO. There are seven stages in total, each with its own bonus and token threshold:
| Stage | Bonus | Token Threshold |
| Stage 1 | 60% | 6,400,000 GIF |
| Stage 2 | 40% | 7,000,000 GIF |
| Stage 3 | 30% | 7,800,000 GIF |
| Stage 4 | 20% | 8,400,000 GIF |
| Stage 5 | 15% | 92,400,000 GIF |
| Stage 6 | 10% | 77,000,000 GIF |
| Stage 7 | 0% | 61,000,000 GIF |
For more information about GIFcoin please be sure to check out their website. To read more about the project, check out either their lite paper or their white paper. Lastly, the GIFcoin team is always available in their Telegram and on Twitter to answer any questions.
Do you think GIFcoin will revolutionize the way individuals participate in online betting websites? How do you feel about tokens that involve revenue-share models as their selling point? Let us know in the comments below!
Images courtesy of GIFcoin, Pixabay
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