Gifto launched as a Universal Gifting Protocol, but subsequently pivoted to become an open blockchain-based platform for 'truly universal crypto gifting". Gifto now intends to be agnostic in regards to the used token, and social media app instead of restricting donations to GTO on the Uplive app.
Gifto uses a delegated Proof of Stake blockchain with a dual-token model to "ensure performance and transparency". Next to the blockchain, the Gifto Wallet is another pillar of the new Universal Gifto Platform and was originally rolled out to Uplive users.
The dual-token model consists out of GTO, which can be staked for "ecosystem privileges" and pro-rata distribution of network fees when stakers also operate a node, as well as Gifto Stable. Gifto Stable is a stablecoin that is intended to be issued on the Gifto mainnet.
Gifto was the first project to be launched on the Binance Launchpad.