Paidtogo: Gather Network’s First Incubation Project

Gather is thrilled to announce that it’s expanding the ecosystem by starting its first incubation project with PaidToGo, a publisher in Gather Network.  Paidtogo is a walk-and-run tracker that pays users cash or bitcoin for their physical activities. The application addresses four crucial problems of today’s world: health issues, traffic congestion, pollution and city livability, by encouraging users to be physically active through an incentive rewards scheme.

Over the next few weeks, the seed round for Paidtogo will take place, as a part of Gather’s incubation process by utilizing Gather’s extensive network. $GTH holders that meet the criteria will be given exclusive access to participate in the $PTG private sale in the following weeks. Public sale (IDO) will follow on an open platform. In addition, some portion of the raise will be available to qualified $GTH holders as an airdrop event. Snapshot dates for this airdrop will be announced after the private sale round.

$PTG is the utility token of Paidtogo ecosystem, incorporated on top of Gather’s blockchain, as a turnkey blockchain solution by Gather using Gather’s layer 1 to secure the new chain without relying on external parties. Gather’s incubation projects, supporting ecosystem builders.

PAIDTOGO TOKEN SALE DETAILS

Seed Sale Round

Fundraise: $199,500

Price: $0.007

Lock-up: 10% unlocked on listing, vested over 9 months.

Private Sale Round

Fundraise: $1,260,000

Price: $0.015

Lock-up: 12% unlocked on listing, vested over 6 months.

Public Sale Round

Fundraise: $150,000

Price: $0.020

Lock-up: 100% unlocked

PTG Token Utility

The Paidtogo Token (PTG) will have multiple utility features in the Paidtogo app ecosystem. It can be staked for increased Coin rewards, staked for an APY, and given out for contests and goal rewards.

Staking: 10% Increase in Coin rewards per mile for every 200 Tokens staked

Staking APY: 20% APY for staking.

Buybacks: A percentage of in app purchases, ad revenue and sponsor revenue will be used to purchase the $PTG token

Staking Requirements:

• Sponsors are required to stake 10,000 coins in order to create a community pool or advertise in PaidToGo app’s international pools
• Users earn 2% more Coins per mile for every 200 tokens staked
• Staking APY: 20%

Prizes, contests and airdrops to the community:

• Lotto– Purchase tickets with PTG Tokens for chance at winning prizes
• Bounties – Earn tokens for promoting Paidtogo Token (PTG)
• Airdrops – Periodic Airdrops to token holders

Paidtogo will integrate Gather’s core functionality to earn additional Tokens for sharing their spare processing power. Users can see how many tokens they earn per minute or hour in the in app dashboard screen.

ABOUT PAIDTOGO
Paidtogo is a fitness and active commute tracking app for IOS and Android that pays users for walking and running. Users can earn Paidtogo Coins($PTG) by the mile and redeem them for cash, Bitcoin (and soon Gather $GTH tokens).

ABOUT GATHER NETWORK
Gather has developed a powerful new technology that allows web and mobile developers to earn money by contributing processing power , unlike any other digital monetization tool available today.

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