ZClassic ZCL to Gifto GTO Exchange

Crypto Pair Details: ZCL to GTO

ZClassic ZCL

Zclassic is a fork of Zcash founded by Rhett Creighton but with the 20% founders’ reward and slow start removed. Miners are simply earning their fair reward, we believe they deserve it, and the coin development can be supported by the community. ZCL also differs from ZEC by removing the slow start (source), we are not trying to deliberately engineer scarcity: The Market decides the price. We are using the same parameters which were produced in the now famous secure 'trusted setup meeting' (source) where Peter Todd participated, and he confirmed to us (source) they are safe to use. If just one of the participants kept their key secret and destroyed it, the whole system is secure. Zcash is a cryptocurrency run by the Zero Coin Inc. In order to fund their operations, a 20% mining “Founder’s Reward” is included. Every block, in order to maintain consensus, miners running the Zcash code send 20% of their newly mined rewards to an address controlled by the Zero Coin Inc. Because the Zcash source code is open source, Zclassic simply removes the 20% Founder’s Reward. This gives people the option to mine a blockchain using the same technology of Zcash, but without paying the 20% Founder’s Reward. The mission of Zclassic is to stay as similar to Zcash from a technology perspective, but to never take any pre-mine, founder’s-reward or any other kind of fee that goes to a small group of individuals with special permissions whether elected, appointed, or otherwise.

Gifto GTO

Gifto as a network protocol, is a brainchild of Andy Tian, the co-founder and CEO of Asia Innovations Group (AIG). The team at AIG comprises of crypto-technology and blockchain enthusiasts. Andy saw potential in designing a decentralized network powered by the Ethereum blockchain to fix the current broken content monetization model with a better model. Most people introduced to the global content industry will identify the following problems with the current model: The Gifto network was launched in December 2017 and has been tested along with AIG’s flagship product, Uplive. Uplive is a live streaming mobile application with over 20 million users. An official Gifto report in February 2018, stated that Gifto featured in the top 10 traded cryptocurrencies by volume. The universal blockchain-based virtual gifting protocol has not only bridged the gap between content creators and the audience but has also introduced a way to acknowledge and reward the content creators. Besides monetizing decentralized content, it has revamped the modern creator-audience relationship. It has already received support from a number of large institutional investors including KPCB and Wicklow Capital. This can only be seen a positive for Gifto as it proves that the idea has been scrutinized and accepted by a fairly large number of people.

SOURCE: COINGECKO

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