GIGCO Ico Review: It Is Legit Or Scam? 

About GIGCO Ico

The GIGCO Ico ethos centers around empowering artists and venues to connect directly by establishing a new trustworthy booking protocol, a healthy utility token and integrating user, fanbase inputs.

Music fans around the world want to feel more connected to their favorite artists and venues, now through a combination of NFTs and cleverly designed staking programs not only can fans feel this connection they can also benefit together in their success.

GIGCO is a brand-new live music booking platform that incorporates Solana blockchain technology to provide instantly deployable smart contracts and the network’s tokenized payment system.

For too many years, the act of coordinating live music events has followed the same old rutted pathways. Consequently, the industry is stymied by a lack of an easily accessible database of venues or artists, and a small number of booking agents have monopolized the industry.

GIGCO Ico seeks to provide an all-in-one tokenized mobile application which tailors a seamless experience for artists, venues, and music fans alike.

Token Basic Information

GIGCO and GIG Token

The GIGCO ethos empowers artists and venues to connect directly. Gigco does this by:
● Establishing a new trustworthy booking protocol
● A healthy utility token
● Integrating user fanbase inputs.

Music fans worldwide want to feel more connected to their favorite artists and venues. GIGCO will enable this connection allowing fans to benefit together in the success of their favorite artists through a combination of NFTs and cleverly designed staking programs.

GIGCO app is designed to solve inherent problems with the entire process of live music bookings, ticket sales, music management, and a dozen more music-related functions through the implementation of smart contracts.

By introducing a tokenized payment system, GIGCO ensures that the transaction of value within the app is fast and seamless. In addition, structuring the token distribution to focus on rewarding early adopters of the platform aligns directly with the ethos of the GIGCO model.

GIGCO Ico is a U.K limited company with headquarters in Newcastle upon Tyne. The main development office in Laos P.D.R.. Our team consists of a collection of musicians and programmers who share a vision of more adaptable, fluid systems for all aspects of the live music industry.

The Vision

The GIGCO vision is a decentralized booking protocol where artists and venues can operate independently of agents or intermediaries, providing working opportunities for millions of talented musicians no matter how big or small the venue they play.

The rise of Blockchain technology since the creation of Bitcoin, the innovation of smart contract development, and a move from Proof-of-Work to Proof-of-Stake consensus mechanisms birthed considerable increases in network speed and ability over the last decade, making the GIGCO vision possible.

The GIGCO Ico app will leverage Solana technology to allow instantly deployable smart contracts for arranging gigs, selling event tickets, purchasing merchandise, facilitating platform staking protocols, and further into the future, providing equipment hire, production/stage crews, and much more.

The token native to GIGCO, GIG, has already been minted on the Solana blockchain. User wallets, created with Solana technology, will allow for thousands of transactions per second with maximum security. An incentivized token economy model will be built, focusing on rewarding active community members who engage in programs to drive initial growth, user adoption, and general brand awareness. Utilizing the GIG token & NFTs to promote network ecosystem growth and allow fans to support their favorite artists or venues, sharing in their success both emotionally and financially

GIG Tokenomics

At the pre-launch stage, GIG tokens will be available as a reward. Rewards will be earned by listing venues or referring artists. Once the IDO is launched, GIG tokens will be available from DEX’s (decentralized exchanges).

A total of 190 million GIG tokens have been created on the Solana blockchain; 4.75 million tokens will become the initial liquid supply after the IDO. The remaining tokens will be unlocked over 36 months as per the vesting schedule until the circulating supply matches the total supply.

Ecosystem and Community sectors combined will receive 50% of the total supply, providing the project with resources required to drive network growth. ICO and early investment round sales account for 19% of the supply, with a further 15% reserved for current and future advisory and development teams. The remaining 16% of the supply is split between the reserve and liquidity pools as insurance against any uncertainty in cash flow development.

The GIGCO Ecosystem

The GIGCO Ico app is the core of the ecosystem. The app lists venues, artists and gigs. A venue can source artists, organize gigs and sell tickets through the app. An artist can organize gigs as well; they can also sell merchandise and music NFTs through their profile. Everyone can use GIG to pay for goods or services, including tickets to live shows or booking an artist on the platform.

Settling a transaction with GIG will always result in the best discounts being applied and micro-transaction fees. The ecosystem includes complete payment flexibility. It will be possible to pay using fiat currencies (through Stripe online payment integration) and other crypto payment methods, but to encourage continued use of GIG, settling the transaction solely with GIG will always be the cheapest possible option.

Referral Program

The GIG token will be used to boost the user referral program. Direct referrals will receive tokens and a smaller amount from referrals of their referrals. As the program will launch before the GIGCO ICO, any tokens earned will be deposited to user wallets for storage until they have the opportunity to exchange them if they so wish.