/GATSHOWERTHOUGHTS - is it the Dream Exchange in the making??? HODL tokenized 1M HOTEL NIGHTS?
I hope this discussion becomes very useful and creates clarity around GAT. Lots of cool people in the telegram.
Is GAT the dream exchange for travelers?
THE /SHOWERTHOUGHTS - As a GAT investor:
Will a bunch of products and services (hotels, car rentals, flights, apple electronics) become tokenized on GAT exchange? If yes, I want to buy up 1 million hotel nights, 1 million car rental days in bulk so I can travel for free.
In other words: Will I be able to just go to GAT exchange and buy 100 hilton nights, 100 luxury car rentals, and 3 flights for exactly 500 miles (not fake 500,000 miles that only amount to like 500 miles - which is misleading marketing by banks).
1 Hilton night token = 100 GAT 1 Turo car rental day = 50 GAT 1 500 mile flight = 500 GAT If I am Hilton, I can PRESELL TOKENIZED Hilton stays in exchange for crypto. Sweet! Guaranteed occupancy at my hotel!
If so, I'm in love with the concept!
I feel Simon Cheong is an excellent leader. The demo is beautiful. GATCOIN has its own exchange with its own utility token. Exchange token BNB was the best performing token since January due to being an actual useful utility token. BNB = useful (50% off exchange fees + trade bots gobble it up) Singapore/Hong Kong is the perfect place to run a crypto startup (the comforts of being outside the US!).
Everything is setup perfectly.
Value: Money derives value from a storage of labor or "a proxy for labor" aka dollars.
I exchange my dollars aka proxies for labor for a hamburger.
GAT - Most of the tokens are free airdrops while I walk around in the mall. The labor comes from the vendors.
So to get adoption we need a bunch of companies to give away free tokens.
12 months from now, we need more companies to give away free tokens aka they are giving away their own labor. How long are they going to do this until the airdrops dry up? How many times do I have to go to the mall to get free airdrops?
THE DREAM!! What I feel the public wants: 1. I have a bunch of crypto. 2. I go to GAT Exchange app via my phone. 3. I exchange XYZ crypto for GAT. 4. Hilton tokenizes 1 token for 1 night stay. I use GAT to buy 100 Hilton night tokens, 5 rental car days, and 500 miles of UBER from someone that doesn't want it anymore. All of these have a solid USD value that can be converted to fair USD fiat value. WHOA COOL! 5. I gift 5 hilton night tokens to my dad. 6. Hilton exchanges their GAT for USD and pays their employees and their electric bill. Done.
What I HOPE IT ISN'T!!: 1- A bunch of no name companies giving away millions of useless tokens for 5% off their next pair of fresh socks. I have 23423412351 tokens of ShiMu Dollar Bazaar which is equivalent to 5% off coupon. 2- We expect a ton of companies to give away air drops aka giving away free money aka "proxies of labor" aka someone has to pay for it! This dries up quickly. 3- 5 years later, we still need companies to do airdrops. Now Bob is tweeting GAT to announce a new airdrop so GAT can moon. 4- After 1000 Hilton free night token air drop Hilton stops giving away free stuff. They burn out. They need to generate revenue.
INSTEAD Hilton sells 100 tokenized nights (1 hilton tokenized night = 1 night) which will net them a USD equivalent value in crypto which they can put BACK into circulation in GAT platform. Then I go there and become a hilton night token whale. I sleep in Hilton for the rest of my life. The good life.
What is the true potential of GATcoin? If we can buy hotels, flights, and car rentals via crypto via GAT token exchange = WHOA. Paradigm shift. I won't go anywhere else to exchange my Hilton nights for Uber rides.
I would hate to spend crypto on 500,000 reward point miles and only get 5% off my next flight. I hope I am making sense here?
I understand we can trade tokens. But if the tokens are given away for free on airdrops, eventually the airdrops dry up, Hilton is tired of giving away free airdrop nights.. and we are now we are waiting for Gatcoin HQ to shop around for more airdrops. Then it starts becoming centralized?
So ya, that's what went through my head today about GAT. :) (I love the potential of this exchange as an investor so much I am willing to volunteer hours upon hours in the community to bring the Dream GAT exchange to life. Who's with me?
I just came across GAT yesterday and have been doing some digging.
"GATCOIN has filed a patent on September 27, 2017. We cannot overstate the importance of this. GATCOIN will be the only application that is allowed to airdrop cryptocurrency, i.e. in the form of special offers, discounts and incentives based on geo-location into users’ wallets."
If this gets issued, there is really no limit as to how high this will go. IP has VALUE, something most cryptos lack.