GigTricks ICO interview

Disclaimer: for the ICO section we have developed a short Q&A with ICO representatives. All answers are presented exactly as offered. The content of the answers is not altered in any way and is the sole responsibility of the ICO representatives. At the end of the interview, you will find a rating that is given by our team, taking into consideration different factors. We consider projects rated above 8 as good projects, however we strongly advise you do your own research, as our website does not contain financial advice.

Name and position of the person responding: Amir Shaikh, Founder & CEO GigTricks
ICO name: GigTricks
ICO website: https://www.gigtricks.io/
Whitepaper URL: http://regerie-waskitty.com/4d017c36-d716-48f8-b731-f2b2b41a3c7a
Restricted countries: United States, China, South Africa
Soft cap (USD): 2500000
Hard cap (USD): 35000000
Token Sale start date: 7/1/2018
Token Sale end date:

 

Describe your ICO project in one paragraph: The freelance and on-demand economy are lacking the principle standards to form a trusting business relationship between clients and freelancers. To solve this problem, GigTricks has built a blockchain-based ecosystem to increase transparency, trust, and reliability among the platform participants. Every action including review and skill ratings will be verified within the immutable blockchain. As such, nothing can be forged within the ecosystem. The GigTricks objective is to create the world’s first 360° freelance and on-demand ecosystem which will be trusted by a community of millions. Ultimately, we’ve built the GigTricks platform to help fight global recession by creating unlimited opportunities for talented individuals so that they can simply find the gigs, work from home, generate income and spend on their consumer needs resulting a true economic growth.

How is your project different than other ICOs announced recently?

Three reasons which are as follows:

1) Nobody think how to acquire unlimited customers with zero dollars by concept.

2) The integration elements across multiple freelancing related platforms were missing which we are doing for the first time all verified under the blockchain.

3) The concept of “leverage” is our true USP where now freelancers and entrepreneurs will have maximum leverage because of complete integrated platforms all under the blockchain

Is your token an utility token? What is its utility?

GigBit Token (GBTC) is a utility token and we hold a legal opinion on this as well. We are incorporated in Gibraltar and our ICO is accepted by the regulator.

Following is our token utility:

• In-app transaction for unlocking products or services
• Users subscriptions
• Community rewards
• Advertising
• Royalty payments
• Freelancer tipping (fans can tip their favorite freelancers)

Does your ICO currently have partnerships or strategic relationships with other companies or organizations?

Yes. Our partners are as follows:
1) Triay & Triay Lawyers
2) Applicature
3) Silicon Valley – IT Location
4) HitBTC (in negotiations)
5) Shapeshift
6) Identity Mind Global

How do you plan to use the funds in developing the project? (Ex. 40% R&D, 20 marketing, 40% pizza)

USE OF PROCEEDS

MARKETING 34%
OPERATIONAL EXPENSE 28%
PLATFORM DEVELOPMENT 25%
R&D 8%
BUSINESS ACQUISITIONS 5%

As a conclusion, here are TokenCouncil’s ratings:
Project idea: 8
Token utility: 7
Partnerships/real world usage: 8
Overall media buzz: 6
Communication channels and openness: 7
FINAL SCORE 7.2