Over the past year, there has been an incredible amount of ICOs and token sales in the cryptocurrency space. Many have been extremely successful, while some others not so much. With promising innovations and new technologies paired with the blockchain, the companies behind these ICOs have constantly attempted and succeeded to disrupt various industries.
Today, the team at CryptoAnalyst will introduce you to an extremely exciting and promising token sale, the Gift Off Token Sale.
Gift Off is a company that allows customers to quickly and easily buy digital gift cards online. It has partnered with 72 top brands that include all categories, ranging from food to gaming and entertainment. Customers can purchase gift cards from companies such as Starbucks, Amazon or Skype. Gift Off users can also earn loyalty points that they can later use towards future purchases. Once the gift card is bought, the user can redeem it online or in-stores. What is particularly unique with Gift Off and what makes them stand out from the competition is that they accept bitcoin as a form of payment for the purchases of gift cards. They are boasting an amazing £12.8m in sales in 2017. This is not the only sign of interest in cryptocurrencies that the company has shown.
The UK based firm has announced that they are launching a token sale this week. The Gift Off Token sale will start in two days and will end on the 6th of April, or when fully subscribed. Tokens will be issued by April 26th. The tokens will represent part-ownership and equity in the company. This will be one of the first security tokens that will represent equity ownership in a single company. This is why this project and this token sale are extremely promising. The token sale will accept BTC, ETH, and more than 40 altcoins. There will be 1,295,000 tokens released and a hard cap set at £1,250,000. Moreover, Gift Off guarantees no pre-sale arrangements and no insider trading or bonuses. On its Medium announcement, the company explains that it needs more capital to expand its operations in Europe and therefore needs some funding, which it hopes to obtain through this token sale. This money will be used “to develop the business, not to fund parties and sponsor conferences”. Lastly, this token sale will comply with KYC and AML regulations.
We at CryptoAnalyst strongly recommend looking into the Gift Off token sale as it is a project we firmly believe in! The token sale will take place at https://tokens.giftoff.com/
TLDR: Gift Off is a company that allows individuals to purchase gift cards from over 70 companies. It accepts bitcoin and is now launching a token sale that will give investors equity in the company. The token sale will launch in a few days and will last a month.