This article was first published on Stories by Gifto Official on Medium
Gifto 2019 Q2 Review — A letter from team
Q2 was a quarter of wild ups, and wilder swings, fueled as usual by big news and rumors in the digital assets industry, from Facebook’s Libra to controversy with Tether and U.S. congressional hearings. Bitcoin was up more than 3x at its peak in Q2, at which point the bull market of 2019 was called. The quarter ended with volatility and a snap of whiplash that continues as we speak. The community is asking: Where is this market going, and how does Gifto play into this? With Libra etc. in the pipeline, how will Altcoin X grow?
To know where we’re going, we first have to look at where we’ve been. The project team delivered an array of Gifto apps and wallet features to users in the last 18 months: From social gifts, e-commerce, to crypto games, to charity events, to uDiamond conversion in the Gifto wallet, to CoinUp…. and in the process, encountered many challenges on the path of mass adoption of crypto.
However, we have not shared our learnings nearly enough with the community, nor how we plan to evolve the Gifto ecosystem based on those learnings to achieve massive growth. As one of our community members recently reminded us, “communicating the challenges is just as important as lofty goals.” We want to take a step back here and share with you some of these learnings, which are the core of what is driving Gifto 3.0, the next major release of the vision that we are very excited about, coming in Q3.
Gifto was one of the first projects to push exclusively for mass adoption in the crypto world. This has been our primary focus since we started in the Fall of 2017, and on the way, we met head-on with crypto’s ...
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Stories by Gifto Official on Medium