The Nightingale of Day by Day: The Rise and Fall of Gifto
In the summer of 2017, Andy Tian reunited with Charles Thach in Ho Chi Minh City, Vietnam. Charles's family held a prominent position in Vietnam, and he was sent to study in the United States at a young age, eventually making a career on Wall Street after graduation. He started to get involved with Bitcoin in 2015 and invested in several blockchain projects.
At that time, the ICO boom swept the globe, and a batch of explosive projects emerged in the Asian region. Charles believed that packaging Uplive for an ICO had broad prospects. Against the backdrop of P2P crashes in China and intensified competition in live streaming, Andy and Charles came together.
Thus, a project based on blockchain, with a cross-platform content contributor reward mechanism at its core—Gifto, has begun its journey.
Gifto is facing three major challenges: insufficient technical reserves, lack of endorsement, and policy risks. To