Every year, the online gambling industry undergoes tremendous growth in profits. Statistics show that at the beginning of 2017, revenues reached highs of $550+ billion. Out of this, sports betting alone accounted for about $220 billion. What’s more is that the industry is projected to grow at an impressive rate of 3.3% per annum up until 2020.
Other factors that will greatly contribute to the gambling boom are the exponential increase in internet penetration and the legalization of online sports betting in most countries. One major country is the United States. With its large population and economic potential, it will tremendously increase gambling revenues.
The GIF in GIFcoin stands for Gambling Investment Fund. It is a revolutionary project that provides investors with an exclusive opportunity to earn a piece of the gambling industry’s massive profits. This innovation is among the first of its kind since it introduces Blockchain technology to gambling. Different from the majority of ICOs, GIFcoin is backed by a real betting website by the name www.vitalbet.com
This website is in full operation and is under regulation by law. It has all the popular gambling features such as casino, sports betting, live (in-play) betting, live casino, virtual and eSports. Therefore, with GIFcoin your tokens are secure and guaranteed. When you purchase the tokens via the ICO, your money gets invested in the betting company. This earns you an opportunity to get a slice of the huge gambling profits.
How the raised capital will be used
First, the investor’s capital will serve for the upgrade of VitalBet’s online gambling platform. This will enhance its robustness and efficiency. Second, the company wishes to introduce a killer mobile app that will enable gamblers to place their “multibets” on the go. Other uses of these funds include marketing of the brand and expansion into more lucrative markets. All these will surely increase the company’s outreach.
As a reward to the GIFcoin ICO investors, VitalBet will share 80% of its net revenue with token holders at the end of each financial year.
GIFcoin is staffed with gambling professionals from the various industry segments. These range from seasoned professionals in online betting, Blockchain development, sports marketing, marketing ads, odds analysis, branding, eSports, and sports affiliate marketing. With such a team, you can rest assured that your money is in the safest hands.
GIFcoin has a total supply of of 300,000,000 tokens. The sales are divided into a private sale and 7 stages each with different bonuses. The private sale is worth 10,000,000 and is already sold out. The other stages are as follows:
- Stage 1- 60% bonus – also sold out
- Stage 2 – 40% bonus
- Stage 3 – 30% bonus
- Stage 4 – 20% bonus
- Stage 5 – 15% bonus
- Stage 6 – 10% bonus
- Stage 7 – no bonus
The token price during the second stage, which is the ICO: 1ETH = 14,000 GIF. The earlier as an investor you join, the larger your bonuses. At the moment of writing this article, the stage 2 bonuses are almost selling out. Accepted cryptocurrencies are ETH, BTC & LTC.
The Minimum investment stages are from 1-5: Amounts are 0.5 ETH, 0.05 BTC & 2 LTC. The soft cap is 5,000 ETH while the hard cap is 24000, ETH. A GIF is an Ethereum ERC-20 Token. Lastly, the investor’s dashboard helps to keep track of one’s profit share and to determine GIF’s price.