Overview: GATCOIN transforms traditional discount coupons, loyalty points and shopping vouchers into liquid, tradable digital tokens. They use targeted airdrop technology to send crypto-currencies to mobile phones by geo-location. Their platform is global and will offer access to a retail network of 60,000+ stores and 21 major global brands in 2018. The GATCOIN platform includes a mobile shopping platform, a mobile wallet, and a mobile exchange to trade retail tokens
Simon Cheong, CEO and founder of GATCOIN, said:
“The average consumer belongs to over 30 shopping incentive programs. Most of those incentives will never be claimed. For consumers, this is like losing money out of their pocket. For corporations, it means a waste of resources and lost customer loyalty.
“Consumers will be able to collect retail currencies on their phone, spend them for real products, and exchange them for other currencies with other retailers if they want.”
The company will formally launch in Japan in 2018, with a network of over 60,000 retail and online shopping outlets, including global fast food, consumer and beauty brands.
This network will be managed by the GAT Foundation, a Singapore-based independent, non-profit organization.
GAT tokens will be available from 28 October 2017. More details can be found on the company’s website.