GIFTO (GTO) is passing down its knowhow on reverse ICO (Initial Coin Offering) to startup companies. Reverse ICO indicates when a company that receives investments from VCs (Venture Capital) or succeeds in IPO (Initial Public Offering) issues cryptocurrency.
During a keynote speech at the 10th Global Startup Conference, which was held at Seoul Startup Hub, CEO Park Dong-hee of Asia Innovation Group Korea GIFTO Project shared about reverse ICO strategies for startups.
GIFTO is a company that provides decentralized comprehensive virtual gift protocol that can be used for social media platforms and it carried out world’s first reverse ICO on the 14th of last December. Completion of public sale of its cryptocurrency ‘GTO’ was the shortest out of all Asian countries.

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<CEO Park Dong-hee of GIFTO Korea shared about reverse ICO strategies for startups during a keynote speech at the 10th Global Startup Conference, which was held at Seoul Startup Hub.>

“GIFTO, which was created based on ‘Uplive’ service, has provided an opportunity to expand single person media broadcasting service to digital gift ecosystem through reverse ICO.” said CEO Park. Uplive is a platform for single mobile broadcasting that is used by 35 million users.
CEO Kim emphasized that expansion of current services, protection of rights and interests of current investors and consumers, and break of fantasy towards current cryptocurrency markets are needed for startups to succeed in ICO.
Staff Reporter Ham, Jihyun | goham@etnews.com