Gifto’s native token GFT is up over 370% previously 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 further advertising assist from Poolz.
Gifto mentioned that with the intention to assist 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 various GFT.
The brand new GFT token will assist Gifto’s staking and charity program. Gifto will allocate about 0.5% of its annual inflation tokens for donations by way of Binance Charity.
Relisting
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 introduced on Feb. 8 that their platform would now not assist 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% improve over the past 7 days, based on CryptoSlate knowledge.
GFT is at the moment buying and selling above $0.14 and has reached over $125 million in buying and selling quantity on Binance.
The put up Gifto token surges over 300% following rebrand, token swap appeared first on CryptoSlate.
