ICO Reviews that Don’t S*ck #1 — GATCOIN — The Pokemon Go of the Crypto world.

Disrupting the loyalty points industry

IDEA & STAGE OF DEVELOPMENT

What is GATCOIN?

They already call them “The Pokemon Go of the Crypto world”. And I will call them a “Groupon killer”. They bring two new innovations, they have established partnerships, they have a huge team and they have no competition. Let’s take a look how GATCOIN will disrupt the loyalty points industry.

GAT stands for Global Awards Token. They are creating a platform, on which we will be able to exchange all of our loyalty points, gift cards and discount coupons received from various businesses. Most of them we don’t really need and they expire locked in the drawer. For example, these “airmiles” points you have from the airline you never plan to travel with again? They can now be exchanged for points for your favorite hotel chain. We will be able to manage all of our tokens from one place — the phone app.

Here comes the real innovation this project brings to the crypto world. First, they will be offering token-as-a-service (T-a-a-S) to merchants. This means every merchant will be able to easily brand and launch its own tokens. Nothing new so far.

Imagine you are close to one of your favorite stores and you get a notification on your mobile phone: “You just got airdropped a special offer and free tokens for the new product!” I bet you are heading right to the store to check it out.

When the patent is approved, only GATCOIN will be allowed to provide this airdrop functionality to merchants. This is HUGE.

How is the process organized?

1) GAT Wallet, where you can keep your GAT coins and merchant tokens.

2) GAT Marketplace, where you can purchase goods offered by the merchants with your tokens.

3) GAT Exchange, where you can exchange your existing merchant tokens for GAT Coins.

GATCOIN will have three major streams of income:

1) Merchant fees on the GAT Marketplace

2) Brokerage fees on the GAT Exchange

3) Engineering and maintenance fees on the GAT Network

The GAT Network is the second big innovation, but we will see it later in the token specs section.

Stage of Development

Only proof-of-concept yet. There is not a working product yet. The patent is also pending.

Roadmap

The GAT exchange is scheduled to launch in June 2018 and the full system is expected to launch in October 2018.

There is some degree of product development risk and also a detailed step-by-step roadmap is missing. If we have to search for a weak spot in the project, this is probably it.

Partnerships

GATCOIN have already established partnerships with big companies.

The main one is with SK Planet Japan (SKPJ) and its subsidiary COTOCO. They are one of Japan’s leading mobile and online consumer gift rewards companies. GAT tokens for COTOCO will cover 21 major international and local brands with a network of over 30,000 retail stores, 80,000 restaurants and 60,000 beauty outlets. Household names in the fast food, beverage, confectionary, beauty and convenience store businesses included.

Code

GATCOIN have a github profile, but there are hardly any uploads. The last upload is from October 26. But the lack of github activity is understandable, given the fact that the patent application was made just 2 months ago and the system is proprietary.