Gagapay Network

We are building a first of its kind smart marketing platform for creating, managing and tracking: - Affiliate - Referral - Network Marketing - Loyalty - Bounty programs and campaigns.

About Gagapay Network

Gagapay is a marketing platform that allows users to build their own smart marketing package for creating affiliate, referral, and network marketing, loyalty programs, and bounty campaigns, supported by NEO smart contracts. Notably, Gagapay is sister company to Minersale Limited, which was established in Q2 2017 as a cloud mining service and has since grown to serve over 45,000 customers and has 50,000 active mining contracts.

Token Sale Use of Blockchain

Product

3.2
Product
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

4.0
N/A
4 - Captivating.
Target User Base

Is it mass market or niche?

4.0
N/A
4 - Large audience / wide market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

3.0
N/A
3 - Some normal competition.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

3.0
N/A
3 - Partial, a novel approach or aspect.

Product

The “product” or “platform” for creating affiliate, referral, and network marketing, and loyalty reward and bounty programs, powered by smart contracts, does not appear to be ready or even under development. There is no demo, POC, or Alpha available for review.

The target user base is both individuals and corporations. The user interface for individuals will have a complete list of all marketing programs hosted by the platform’s merchant businesses. Individuals will be able to join any of the public programs, and invite their existing friend network, while using the same user account. And large corporations will be able to easily create customizable relationship marketing programs.

Gagapay claims to differentiate from the competition (though the whitepaper does not address the competition by name) by hosting affiliate, referral, network marketing, loyalty and bounty programs, all from a single platform.

Product Whitepaper

Use of Blockchain

3.2
Use of Blockchain
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

4.0
N/A
4 - Innovative use of blockchain technology.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

4.0
N/A
4 - Generally disruptive.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

4.0
N/A
4 - Token is essential to platform.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

1.0
N/A
1 - Essentially centralized.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

3.0
N/A
3 - Interesting.

Use of Blockchain

The GTA Token is based on NEO (NEP-5 token). The GTA token is an essential part of the Gagapay Network platform that will fulfill the following functions:
• Payment method for monthly or annual business membership subscriptions and for unlocking additional platform features
• Payment method for unlocking access to internally integrated plugins
• Token holders when paying with GTA token will enjoy discounts on commission fees

Use of Blockchain Roadmap

Whitepaper

1.8
Whitepaper
Comprehensiveness

Does it cover the full scope of the problem and solution?

2.0
N/A
2 - Insufficient coverage.
Readability

Is it easy enough to understand?

1.0
N/A
1 - I still don't get it.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

2.0
N/A
2 - Ambiguous non-disclosure.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

2.0
N/A
2 - Missing critical information.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

2.0
N/A
2 - Missing critical information.

Whitepaper

The whitepaper in not fully comprehensive. It does a poor job of explaining the existing problems in the current state of affairs and how Gagapay solves them. The business development and expansion strategy is about one page long and fails to identify Gagapay’s target audience. The technology presentation is lacking in detail and poorly describes the platforms architecture. – I still don’t get it.

Whitepaper Compliance

Roadmap

2.8
Roadmap
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

3.0
N/A
3 - An overall plan, major milestones stated.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

4.0
N/A
4 - Realistic.
Vision

Is there a larger, long-term vision?

3.0
N/A
3 - A trend with potential.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

2.0
N/A
2 - Not fully available or trustworthy.
Current Position

Where is the project now, relative to its vision and plans?

2.0
N/A
2 - Critical obstacles ahead.

Roadmap

Currently, the Gagapay Network is in alpha / fundraising phases.
Q2 2018: Marketing / Pre-ICO funding round
Q3 2018: Crowdfunding event / Token listing on exchanges after completing crowdfunding round
Q4 2018 – Q1 2019: Continuing development of the Gagapay Network platform, testing beta version, integration with Gagapay platform for crypto payments
Q2 2019: Open release of the platform for non-fiat payments
Q3 2019: Fully working platform, proceeding with the market expansion in Asia

Roadmap Company and Team

Compliance

2.2
Compliance
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

3.0
N/A
3 - Limited or uncertain use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

3.0
N/A
3 - Partly; compliance not fully assured.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

1.0
N/A
1 - Nothing yet, just an idea.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

2.0
N/A
2 - Minimal, superficial or hackneyed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

2.0
N/A
2 - Insufficient or unprofessional.

Compliance

There is no indication that the smart contract infrastructure is ready. There are no links to smart contract repositories on Github. Attention to compliance is minimal. Legal review is wholly insufficient consisting of only one short paragraph – “Contributions to the Gagapay Network token sale can be made solely by private individuals that are aware of the risks of investing in such volatile markets as cryptocurrencies and token sales. An individual should possess a broad knowledge and understanding about cryptocurrency markets and their volatile nature. We encourage token sale contributors evaluate the project and contribution size based on the aforementioned statement. The Gagapay Network whitepaper is of descriptive nature and is not legally binding.” There are NO KYC or AML disclosures. Additionally, there are NO terms and conditions and No risk disclosures.

Compliance Token Sale

Company and Team

3.6
Company and Team
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

2.0
N/A
2 - Initial stages of formation.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

5.0
N/A
5 - Accomplished, recognized.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

3.0
N/A
3 - Mostly assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

4.0
N/A
4 - Well suited to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

4.0
N/A
4 - Good, sufficient for each aspect.

Company and Team

The C-level executives’ and developers’ background and skillset are relevant and directly applicable to Gagapay. The team members’ profiles are searchable and transparent on LinkedIn. The team members appear to be actively engaged and fully committed to Gagapay. Notably, Gagapay is sister company to Minersale Limited; which was established in Q2 2017 as a cloud mining service and has since grown to serve over 45,000 customers and has 50,000 active mining contracts.

Company and Team Product

Token Sale

3.8
Token Sale
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

4.0
N/A
4 - Well suited to needs and plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

4.0
N/A
4 - Reasonable, sensible.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

4.0
N/A
4 - Well defined and reasonable.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

5.0
N/A
5 - Majority of tokens sold, strict vesting periods, milestone dependent release.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

2.0
N/A
2 - Minor exposure and interest, or ambivalent reception.

Token Sale

Hard Cap: 34.5 Million USD
Soft Cap: 1 Million USD
In the case of unsold tokens after a successful token sale these tokens would automatically be locked up in a Gagapay future project reserve for the purpose of launching new blockchain projects. The locked tokens if released for the new projects will be released gradually and at the current market price so as not to impact the market price. In case the soft cap is not reached during the token sale, all contributions will be released to the sender’s wallet address and all affiliate commission rewards will return to the original sender as the initial sum contributed.

Distribution:
69% – Token Sale
14% – Company Reserve
10% – Team (frozen for 6 months until the product is launched)
3% – Developers (locked for 6 months after the ICO end until the final product is launched on
the market)
3% – Bounty / Airdrops
1% – Gaga Foundation

Allocation:
35.5% – Marketing
30% – Operational & Administrative costs
20% – Product Development
10% – Legal
4.5% – Bounty program development

Product

The “product” or “platform” for creating affiliate, referral, and network marketing, and loyalty reward and bounty programs, powered by smart contracts, does not appear to be ready or even under development. There is no demo, POC, or Alpha available for review.

The target user base is both individuals and corporations. The user interface for individuals will have a complete list of all marketing programs hosted by the platform’s merchant businesses. Individuals will be able to join any of the public programs, and invite their existing friend network, while using the same user account. And large corporations will be able to easily create customizable relationship marketing programs.

Gagapay claims to differentiate from the competition (though the whitepaper does not address the competition by name) by hosting affiliate, referral, network marketing, loyalty and bounty programs, all from a single platform.

Category Breakdown
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

2.0
N/A
2 - Proof of concept or test platform.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

4.0
N/A
4 - Captivating.
Target User Base

Is it mass market or niche?

4.0
N/A
4 - Large audience / wide market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

3.0
N/A
3 - Some normal competition.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

3.0
N/A
3 - Partial, a novel approach or aspect.
Product Score:
3.2

Use of Blockchain

The GTA Token is based on NEO (NEP-5 token). The GTA token is an essential part of the Gagapay Network platform that will fulfill the following functions:
• Payment method for monthly or annual business membership subscriptions and for unlocking additional platform features
• Payment method for unlocking access to internally integrated plugins
• Token holders when paying with GTA token will enjoy discounts on commission fees

Category Breakdown
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

4.0
N/A
4 - Innovative use of blockchain technology.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

4.0
N/A
4 - Generally disruptive.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

4.0
N/A
4 - Token is essential to platform.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

1.0
N/A
1 - Essentially centralized.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

3.0
N/A
3 - Interesting.
Use of Blockchain Score:
3.2

Whitepaper

The whitepaper in not fully comprehensive. It does a poor job of explaining the existing problems in the current state of affairs and how Gagapay solves them. The business development and expansion strategy is about one page long and fails to identify Gagapay’s target audience. The technology presentation is lacking in detail and poorly describes the platforms architecture. – I still don’t get it.

Category Breakdown
Comprehensiveness

Does it cover the full scope of the problem and solution?

2.0
N/A
2 - Insufficient coverage.
Readability

Is it easy enough to understand?

1.0
N/A
1 - I still don't get it.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

2.0
N/A
2 - Ambiguous non-disclosure.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

2.0
N/A
2 - Missing critical information.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

2.0
N/A
2 - Missing critical information.
Whitepaper Score:
1.8

Roadmap

Currently, the Gagapay Network is in alpha / fundraising phases.
Q2 2018: Marketing / Pre-ICO funding round
Q3 2018: Crowdfunding event / Token listing on exchanges after completing crowdfunding round
Q4 2018 – Q1 2019: Continuing development of the Gagapay Network platform, testing beta version, integration with Gagapay platform for crypto payments
Q2 2019: Open release of the platform for non-fiat payments
Q3 2019: Fully working platform, proceeding with the market expansion in Asia

Category Breakdown
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

3.0
N/A
3 - An overall plan, major milestones stated.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

4.0
N/A
4 - Realistic.
Vision

Is there a larger, long-term vision?

3.0
N/A
3 - A trend with potential.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

2.0
N/A
2 - Not fully available or trustworthy.
Current Position

Where is the project now, relative to its vision and plans?

2.0
N/A
2 - Critical obstacles ahead.
Roadmap Score:
2.8

Compliance

There is no indication that the smart contract infrastructure is ready. There are no links to smart contract repositories on Github. Attention to compliance is minimal. Legal review is wholly insufficient consisting of only one short paragraph – “Contributions to the Gagapay Network token sale can be made solely by private individuals that are aware of the risks of investing in such volatile markets as cryptocurrencies and token sales. An individual should possess a broad knowledge and understanding about cryptocurrency markets and their volatile nature. We encourage token sale contributors evaluate the project and contribution size based on the aforementioned statement. The Gagapay Network whitepaper is of descriptive nature and is not legally binding.” There are NO KYC or AML disclosures. Additionally, there are NO terms and conditions and No risk disclosures.

Category Breakdown
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

3.0
N/A
3 - Limited or uncertain use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

3.0
N/A
3 - Partly; compliance not fully assured.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

1.0
N/A
1 - Nothing yet, just an idea.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

2.0
N/A
2 - Minimal, superficial or hackneyed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

2.0
N/A
2 - Insufficient or unprofessional.
Compliance Score:
2.2

Company and Team

The C-level executives’ and developers’ background and skillset are relevant and directly applicable to Gagapay. The team members’ profiles are searchable and transparent on LinkedIn. The team members appear to be actively engaged and fully committed to Gagapay. Notably, Gagapay is sister company to Minersale Limited; which was established in Q2 2017 as a cloud mining service and has since grown to serve over 45,000 customers and has 50,000 active mining contracts.

Category Breakdown
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

2.0
N/A
2 - Initial stages of formation.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

5.0
N/A
5 - Accomplished, recognized.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

3.0
N/A
3 - Mostly assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

4.0
N/A
4 - Well suited to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

4.0
N/A
4 - Good, sufficient for each aspect.
Company and Team Score:
3.6

Token Sale

Hard Cap: 34.5 Million USD
Soft Cap: 1 Million USD
In the case of unsold tokens after a successful token sale these tokens would automatically be locked up in a Gagapay future project reserve for the purpose of launching new blockchain projects. The locked tokens if released for the new projects will be released gradually and at the current market price so as not to impact the market price. In case the soft cap is not reached during the token sale, all contributions will be released to the sender’s wallet address and all affiliate commission rewards will return to the original sender as the initial sum contributed.

Distribution:
69% – Token Sale
14% – Company Reserve
10% – Team (frozen for 6 months until the product is launched)
3% – Developers (locked for 6 months after the ICO end until the final product is launched on
the market)
3% – Bounty / Airdrops
1% – Gaga Foundation

Allocation:
35.5% – Marketing
30% – Operational & Administrative costs
20% – Product Development
10% – Legal
4.5% – Bounty program development

Category Breakdown
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

4.0
N/A
4 - Well suited to needs and plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

4.0
N/A
4 - Reasonable, sensible.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

4.0
N/A
4 - Well defined and reasonable.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

5.0
N/A
5 - Majority of tokens sold, strict vesting periods, milestone dependent release.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

2.0
N/A
2 - Minor exposure and interest, or ambivalent reception.
Token Sale Score:
3.8

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