|Token price||US$ 0.20 with a +20% bonus|
|Tokens suplay||1,000,000,000 GAT|
|Min Funding Goal||US$ 20,000,000|
|Hard cap||US$ 35,870,370|
|Tokens Offered in 2017||200,000,000 GAT|
At its core, the GAT System is an enterprise solution for global merchants to issue their own digital tokens to a mass consumer audience for use as discounts, gift cards, and other promotional offerings. The project seeks to create a controlled environment for enterprises to deploy digital tokens, thereby reducing traditional barriers to blockchain adoption faced by mainstream companies seeking to leverage blockchain innovation.
In the GAT System, merchants create and issue their own branded digital tokens called Merchant Tokens. Merchant Tokens are displayed in the GAT Wallet, a beautifully designed mobile token wallet. Merchant Tokens then circulate on private consortia networks that are accessible only by participating enterprises and consumers. Merchant Tokens are used to buy or redeem real products and services from participating merchants.
Merchant Tokens will transact on high-speed super large ledgers (SLL) maintained by consortia merchants and GATCOIN. This approach was developed by Professor Wei-Tek Tsai, Emeritus Professor at Arizona State University and was stress-tested by Professor Wei-Tek Tsai in a live demonstration to IBM, AWS, SAP and the Chinese Ministry of Industry and Information Technology (MIIT).3 According to Professor Wei-Tek Tsai, test results operating on 4 nodes using IBM 4 x86 processors produced verified transaction speeds of an average of 5,000 transactions per second (TPS) which is equivalent to average Visa/Mastercard processing speeds.
The SLL technology uses a proprietary concurrent byzantine fault tolerance (CBFT) architecture that allows the system to process multiple block consensus operations concurrently. The system also divides the blockchain into separate A-Blockchains (for accounts) and T-Blockchains (for trades) to allow further optimizations, such as load balancing.
- Not Crypto-Currency
Merchant Tokens in the GAT System are not traditional cryptocurrency. Merchant Tokens are not a replacement for fiat currencies, nor are they a competing crypto-currency. Rather, Merchant Tokens are a consumer marketing tool that aims to enhance the quality of interaction between consumers and the issuing merchant.
- Controlled Circulation
Merchant Tokens are issued in a closed network, and used only for transactions on merchant stores according to parameters set by merchants. Issuers will always know the location and holder of their Merchant Tokens, allowing merchants to control the impact of their digital tokens on their global brand reputation and customer behaviour.
Merchant Tokens may be destroyed and modified any time according to the requirements of the issuer. This allows merchants to quickly change or even withdraw programs if there is any negative impact resulting from their digital token program.
- Clear Value Proposition
The transaction flow and consumption of Merchant Tokens can be tracked, providing granular data on consumer social networks and consumption patterns. This generates valuable new data for merchants seeking to better target their digital marketing strategies.
- Technological Flexibility
Merchant Tokens can circulate on any type of back-end technology, whether a distributed database or a traditional database. This provides maximum flexibility for mainstream corporations in their assessment of the most appropriate technological solution that works best for their organization.
- PRIVATE PRE-SALE STARTS 28 SEP 2017
70,000,000 GAT @US$0.20, +35% Bonus, 6 Months Post-Sale Lock-up
- PUBLIC PRE-SALE STARTS 28 OCT 2017
15,000,000 GAT @US$0.20, +20% Bonus
- PUBLIC PRE-SALE ENDS 28 NOV 2017
- TOKEN SALE STARTS 15 DEC 2017
115,000,000 GAT @US$0.20
- TOKEN SALE ENDS 15 JAN 2018
GAT Coins Tradable on Major Crypto Currency Exchanges
- SIMON CHEONG
The GAT System is Simon’s brainchild. Blockchain entrepreneur and former World Bank lawyer.
- PROF. WEI-TEK TSAI
Wei-Tek Tsai is Emeritus Professor at Arizona State University and Chief Scientist of Beijing Tiande Technologies at Beijing, China.
- ANTHONY HUANG
Founder of Synoco Asia Pacific (est.1993) providing marketing services for Fortune 500 companies.
- JAMES KONG
Tech entrepreneur and highly skilled programmer with 15+ years experience. Co-founded OneCash mobile payments platform.
- GARY LING
Highly skilled programmer with a decade of software development experience.
- KARANDEEP SINGH
- KEYNE CHU
Token program designer for GATCOIN. 12+ years experience working with retail brands in Asia activating online and offline sales promotion.
- CHRIS TONG
Digital and social media marketer for GATCOIN. 10+ years experience with retail brands in Asia and Australia activating digital marketing strategies.
- KENJI WONG
Professional product and graphic designer. Responsible for the layout and design of the GAT Wallet and GAT Marketplace.
- SARAH BERBERICH
GATCOIN Web Designer. Specializes in mass consumer e-commerce and multi-site platforms.
- SAMSON LEE
Co-Founder of Ethereum Organization for South China and South Asia (endorsed by Vitalik Buterin).
- DEREK KWIK
Respected technology community leader involved with nearly every accelerator/incubator/co-working space in HK.
- ROSS STOKES
Respected crypto-currency and blockchain investor and serial entrepreneur.
- MICHAEL BLAKE
Michael is the Asia Chief Executive of one of Swizerland's largest and most entrepreneurial family-owned private banks.
- HANS LINDROTH
CEO of Entry Point Consulting Ltd, managing the assets of the Peder Wallenberg Charitable Trust.
- EDWARD SIT
Veteran in the commodity field, currently with the Market Development of The Hong Kong Exchange and Clearing Ltd (HKEX).
- Aug 2017
- Listing applications with multiple crypto-currency exchanges around the world for trading of GAT Coins post Public Token Sale.
- Sep 2017 – Jan 2018
Private/Public Token Sales of 200,000,000 GAT Coins
- Private Sale on 28 Sep: 70m GAT
- Public Pre-Sale on 28 Oct: 15m GAT
- Public Token Sale on 15 Dec: 115m GAT
- Nov 2017
- GAT Wallet App Prototype (Proof of Concept) launched to demonstrate token circulation, token spend, token exchange.
- Dec 2017 – Jun 2018
- Continued Development Period
- Integration of SLL with GAT Wallet, GAT Marketplace, GAT Exchange
- Integration of A-DropTM with GAT System
- Integration of SKPJ & Cotoco network clients
- Integration of Payment Gateways
- June 2018
- GAT Exchange public launch
- GAT Wallet, GAT Marketplace Beta Launch
- July 2018 – Sep 2018
- Further Development
- De-bugging and testing
- Oct 2018
- GAT System Full Launch