GFT Token Price of Gifto has modified pretty strongly in the final week following the selection to rebrand and relist.
From GTO to GFT
Gifto was launched in 2017 by CEO Andy Tian’s Asia Innovation Group (AIG) and was typically acknowledged by the GTO token at the time. However, a short while ago the task announced a strategy to rebrand with the GFT token.
Decentralized gifting platform how to be motivated following an investment $2.5 million from Poolz Ventures earlier this 12 months. As element of the partnership, Gifto ideas to use the capital to boost its goods with promoting help from Poolz.
However, to carry the most finish set of new goods, Gifto has made the decision to launch a new token, GFT on BNB Chain, totally changing and exchanged (exchange) considering the fact that the previous GTO token is on Ethereum.
According to the announcement, GFT is currently being made use of for Gifto’s staking and charity plans. In which, Gifto will yearly deduct about .five% of its inflation tokens to donate through Binance Charity.
Many exchanges “restock” Gifto tokens
Before the over info, a lot of big exchanges this kind of as Binance, OKX extension, gate.io AND Bitgets traded all GTO to GFT at one:one ratio. In individual, from now Binance will no longer help GTO, though continuing to open GFT deposits and withdrawals as standard. Similarly, MXC also “catch the trend”, list GFT/USD trading pair considering the fact that eight/02.
🚀 We are delighted to announce it @binance has relisted $GFT to have supported $GTO swap with $GTF! $GTO $GFT #Crypto #Blockchain #Megaexpansion #Day28https://t.co/1u1ENFuqa0
— Gifto (@GiftoMetaverse) February 8, 2023
Following the over announcements, GFT jumped to $.143 in the previous 24 hrs and is up 370% in the previous seven days.
“New Shirt” is presently trading over $.14 and has a trading volume of above $360 million on Binance with the only trading pair GFT/BUSD.
🚀 $GFT exceeded 120 million in volume @binance!
The traits of a strong task are normally reflected in its value👀 pic.twitter.com/W8dbacZoyD
— Gifto (@GiftoMetaverse) February 8, 2023
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