GIFcoin: Gambling Investment Fund – Ethereum-based Token Backed by a Working Project
Gambling has been engaging people since ancient times. Soon after the arrival of Internet technologies, the market transitioned online. Among the ICO buzz, one company excites and exhilarates the industry at the same time. GIFcoin is the first Gambling Investment Fund on a global scale that’s going to revolutionize the markets.
The Staggering Stats of the Gambling Industry
Worldwide, regulated gambling is a gigantic industry whose revenues in the beginning of 2017 were more than $500 billion, out of which $220+ billion were taken by the sports betting market alone. The unregulated portion of this industry is much larger.
The estimated growth of the industry until 2020 will be around 3.3% annually. The large revenue shares are owing to:
- The much higher bets on the market when compared to bets placed in casinos or through lotteries,
- The enhanced legalization and authorization of online sports betting, permitting users to place wagers from any spot in the world.
The upcoming years are yet to experience the significant expansion of this market segment, thanks to the ever-enlarging, internet-using population and the rising legalization of sports betting online across many countries, including the U.S.
Gain a Juicy Share of These Profits
The GIF in GIFcoin signifies Gambling Investment Fund. The ground-breaking project offers investors the exclusive opportunity to earn a share of the gambling industry’s enormous profits.
GIFcoin’s aim is not to convince ICO participants that their team is creating something genius, like many other Initial Coin Offerings declare. Unlike the bulk of ICO campaigns, GIFcoin is backed by a real, working betting website – www.vitalbet.com.
The very idea behind GIFcoin’s ICO is to raise capital which will serve to upgrade VitalBet’s online gambling platform, as well as promote its brand and expand it on the most attractive betting markets. After these advertising and marketing steps, the customer base will increase dramatically, and so will VitalBet’s profits.
In return for the support by GIFcoin ICO investors, VitalBet will share 80% of its net profits with the GIF token holders once a year.
Purchasing GIF tokens, which are ERC20 tokens based on Ethereum Blockchain technology, will allow investors to take part in a functioning and profitable business that is at the start of a sustainable, long-term expansion.
GIFcoin’s Professional Team
The team behind GIFcoin and VitalBet is composed of seasoned professionals and experts who have a long history in the world of internet gambling, sports marketing, and online betting.
The CEO, for instance, is an owner of 50+ online gambling projects. The team also includes experienced veterans in Blockchain development, branding, marketing, odds, eSports, and sports affiliate marketing.
Be Part of the Revolution
GIFcoin is eyeing a $500 billion+ market and it has embarked upon an ICO campaign to fund VitalBet’s platform. During the ICO period, the platform will release 300,000,000 GIF tokens.
The target of VitalBet by 2020 is to have 2,100,000 active users. According to VitalBet’s experience, every bettor loses around $360 per year ($30 per month). 2,100,000 players x $360 lost bets equals to $756,000,000 in losses, which will be their revenues.
Out of these $756,000,000 revenues, the company plans to have 45% net profits. The net profits of 45% equal to $340,200,000. 80% of $340,200,000 is $272,160,000.
The $272,160,000 will be distributed once a year among the 300,000,000 tokens as a profit share. This means that every owner of 1 GIFcoin token will get an annual profit share to the tune of $0.9072.
Let’s imagine you have 10,000 GIFCOIN tokens. Your annual profit share will be $9,072. This amount will be paid in ETH in your Ethereum wallet annually.
GIFcoin’s platform will provide you with an investor’s dashboard where you can keep track of your profit share and determine GIF token’s price.
Token Sale Summary
GIF — Ethereum ERC-20 token.
Pre-ICO start: February 22nd, 2018 (+15% bonus throughout Pre-Sale).
Pre-ICO end: March 15th, 2018.
ICO start: March 16th, 2018.
ICO end: April 16th, 2018.
Token price on the first day of pre-ICO: 1 ETH = 11,500 GIF.
Token price during ICO: 1 ETH = 10,000 GIF.
Total Supply: 300,000,000 GIF
GIFcoin’s promo-video about today’s gambling industry: https://www.youtube.com/watch?v=6520U4qrLi8
White Paper: https://www.gifcoin.io/GifCoin-WhitePaper.pdf/