Gifto token surges over 300% following rebrand, token swap
Gifto’s native token GFT is up over 370% prior to now week following its transfer to rebrand and swap its token from ERC-20 GTO to the BEP-20 GFT.
From GTO to GFT
Gifto launched in 2017 with GTO as its native token. Nevertheless, as a part of its rebranding efforts in 2023, it created the GFT token.
The virtual-gifting platform appears to have resurrected in 2023 following a $2.5 million funding from Poolz Ventures.
The funding deal will see Gifto advance its product providing, with extra advertising and marketing help from Poolz.
Gifto mentioned that as a way to help its new suite of merchandise, it wanted to recreate its native token. Consequently, it introduced the token swap from Ethereum-based GTO to its BNB different GFT.
The brand new GFT token will help Gifto’s staking and charity program. Gifto will allocate about 0.5% of its annual inflation tokens for donations through Binance Charity.
Main exchanges, together with Binance and Bitget, had supported Gifto’s transfer to swap all GTO to GFT tokens on a 1:1 foundation.
Binance and Bitget announced on Feb. 8 that their platform would not help GTO tokens; nonetheless, deposits and withdrawals for GFT tokens are open.
Equally, MXC mentioned that it could checklist the GFT/USDT buying and selling pair within the innovation zone efficient Feb. 8.
Following the itemizing bulletins, Gifto’s new token GFT spiked to $0.04 from $0.04 within the final 24 hours and recorded a 370% enhance during the last 7 days, in line with CryptoSlate information.
GFT is at the moment buying and selling above $0.14 and has reached over $125 million in buying and selling quantity on Binance.
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