One of the hottest trends in the blockchain universe is the application of decentralized finance (DeFi) solutions. Today we will impartially review for our readers the Silicon Finance project, a new DeFi initiative aiming to solve a series of industry issues. The project’s team aims to achieve an increase in the safety of DeFi, with obvious benefits for the whole blockchain community. Furthermore, the initiative will look into a way to introduce more democracy and equality on Initial Dex Offerings…
GTUITY is a dApp seeking to disrupt the way service industry workers earn tips and compensation. In this regard, the platform is ready to incorporate a native token (TIPro), non-fungible tokens, and an NFT marketplace.
The crypto space abounds in projects focusing on creating more wealth for traders and investors. The DeFi craze of recent years is a clear example of that. However, very few initiatives highlight other categories that could benefit from blockchain-based applications, such as service industry workers.
GTUITY aims to turn this situation around by redefining technology and gratuity. Its mission is to help those workers rely on their tips to make ends meet. The developers’ staunch belief is that “those who live off tips deserve to keep all of it.”
The project may only be in its early days, but it is advancing rapidly. In this short GTUITY review, we look closer at its features, future products, and roadmap.
What Is GTUITY?
GTUITY INC. is a blockchain-based project that regards crypto mass adoption as inevitable. Therefore, by the time it reaches the service industry, the platform should already establish a solid position in it. With its TIPro token, the project should provide this sector with a revolutionary product. As a result, it should bring the industry up to date with modern technology.
TIPro© should be a crypto token on an innovative mobile dApp. GTUITY aims to build a large and loyal community around this project. In return, it ensures users of complete transparency and trust. The community will be able to access the documentation for both developer wallets. This way, the risk of nefarious activity will be minimal. Every Friday, the team will release a weekly statement regarding transactions from the marketing pool. This will show the community the purpose of payments and their dates
Additionally, the development team will be fully doxxed. Also, they will have weekly and almost daily live sessions on social media with users and investors. This strategy should increase the project’s reliability and credibility.
How GTUITY Works
GTUITY will operate via a primary product and several secondary products. Here is a short presentation of what we know about them so far:
The primary product will be their dApp dubbed TIPro and wearable technology (TIPtech). The consumer will be able to tip their service industry worker with the click of a button on the mobile application. The service industry worker will be able to attain one hundred percent of their gratuity, allowing more control of their finances with the ability to hold and invest their tips into crypto using TIPro Token, stake it to increase their APY and interac E-transfer it to their bank account with ease
The Secondary products include features that GTUITY will release gradually, such as:
- The TIPro token native to the dApp
- The merchandise for the wearable technology
- The unique NFTs minted by the service industry workers in GTUITY’s NFT marketplace TIPNFT.
These products should support the decentralized application, extend its use, and maximize its potential.
GTUITY Future Products
The project’s ambitious plan to revolutionize how we tip service workers doesn’t stop here. For the future, GTUITY wants to further develop the dApp with other features, including point-of-sale style system integration.
Additionally, the application will create a complete map layout of the establishment’s floor layout. This will help businesses implement a table system and allow easier and smoother operation.
Furthermore, with GTUITY, users will pay for services in fiat or crypto of their choice. Nevertheless, the platform will promote payments through TIPro, guaranteeing users access to discount offers and price promotions.
Lastly, GTUITY aims to increase the service industry’s trust in crypto payments. And, only through such transparent applications can they gradually integrate them into their day-to-day operations.
TIPro will contain a marketing wallet and two vested developer wallets. The former will remain open to enable the developers to pay for listings in their marketing campaigns. Also, the token will include a 3% marketing fee to supplement the outside investment already into the project.
GTUITY will raise liquidity funds through a whitelist event and a pre-sale event that will take place on dxSale, the blockchain agnostic token-management platform. The project will lock 70% of the funds into a liquidity pool for the next 10 years during this event.
Pre-sale and Launch Details
Soft cap: the minimum amount raised for the token to launch is 750 units of BNB
Hard cap: the maximum amount raised in pre-sale is 1600 units of BNB
The developer will retain the remaining 30% of funds. It will use it to start funding the initial phases of the project for additional marketing and other costs.
GTUITY has as an ambitious goal in the crypto space. Its plan to bridge crypto payments with the service industry should work in everyone’s favor. Above all, it should empower service workers with 100% of the tips they deserve and more control over their finances. Only time will tell when the platform will reach its objectives.
Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Furthermore, Crypto Adventure does not endorse any crypto projects cryptocurrencies listed, mentioned, or linked to on our site. Learn More