Frequently Asked Questions?
Giftock is a unique giftcard - a giftcard with growth, personalization and for anyone, anywhere in the world
What is Giftock ?
We created Giftock to solve three main problems of
regular giftcards:
1) Normally people buy giftcards or receive giftcards and
don't
use it for quite some time. But their giftcard balance never grows. In
fact, for some giftcards it goes down due to fees etc. as time
passes.
2) Giftcards are specific to a store at the time of
purchase.
You have to use the full giftcard amount at the same store.
3) You cannot personalize a giftcard and make it memorable
for
the recipient.
Giftock solves these problems by providing options to
link
Giftock to growth using stocks, gold, silver etc. Giftock can be
converted into a regular giftcard of many stores of your choice
using partial balance amount. And finally you can add pictures,
videos or simple messages to Giftock to make it a memorable and
unique experience gift.
How it works ?
You can simply buy Giftock from anywhere and send it also to anyone, anywhere using their mobile number, e-mail or even social media like Whatsapp, Facebook messenger etc.
You can also link Giftock to a growth option using an asset like stocks, gold, silver etc. This allows Giftock balance to track the value of the growth option and potentially increase Giftock balance if asset increases. We offer multiple assets to choose from.
Your recipients can change the linked asset to an asset of their choice as well. E.g. if they like to link to gold instead of stocks then they can do so.
Your recipients can also choose to use the Giftock balance to convert to a regular giftcard of any store of their choice. Even partial amounts can be redeemed. And we offer thousands of stores worldwide.
So more options for you and your recipients to choose from. The best giftcard ever is here. Give a Giftock!!
What it is not !
Giftock is not a stock trading platform. We allow Giftock users to link it to stocks, fixed-income, gold and other assets through our platform using encrypted smart contracts.
Giftock assets are available to potentially increase the Giftock balance but balance may also go down if asset value decreases. If you are uncomfortable with it then either don't link Giftock to an asset or choose fixed growth option which is risk-free for the given duration.
Linking Giftock to an asset may result in lower balance being available for the giftcard redemption. Once Giftock in unlinked from the underlying asset, whole balance available at the time of unlinking can again be redeemed for regular giftcards.
Why should I buy it ?
Giftock is a great way to save and invest while you are not using your giftcard for purchases. You can even buy it for yourself and keep it to let it potentially grow in value.
You can buy it from anywhere in the world and connect it to the stocks of great companies like Apple, Tesla, Nvidia, Facebook, Amazon, Google to name a few. If their stock goes up, your Giftock value goes up.
You recipients will be forever thankful and even better, can thank you directly through our platform. Isn't it a gift that's worth it?
Stock returns have beaten inflation most of the time
Out of the past 50 years, US stock market (S&P 500) returns have been much higher than inflation rate in 40 years. So stocks are a good bet to beat inflation in the long run (read more). Investing in good stocks or index funds is a great way to build wealth over time. E.g. if one had bought just $10 in Amazon stock 20 years ago, it would be worth a cool $700 now. Just imagine if there was a Giftock at that time linked to Amazon and you just paid $10 and forgot about it. That Giftock can allow you to buy a big LCD TV on Amazon website itself 😉
Most people want to save but never start
More than 90% people want to save money to be better off but only 40% do. Remaining 60% never get started.
Giftock is a great way to encourage people to start saving also. Especially for kids and young adults who cen get a headstart and developing a habit of saving
and spending only when it is needed. For some people, they will be thankful to you for your great life changing gift of Giftock.
As the saying goes, the best time to plant a tree was 20 years ago and the next best time to plant a tree is NOW! You can start buying Giftock for as little as $5 in US. Use your Giftock for spending or for saving. Choice is yours!!
Gift, grow, spend...
More than 30% giftcards are never redeemed
People forget to use their giftcards or some gift cards even expire. That is why Giftock is the best
option to buy a giftcard. It never expires and we don't have any hidden fees to eat up giftcard
balance month after month.
You can convert your Giftock to a giftcard when you want to make purchases. Otherwise just let
the balance potentially grow by linking it to an underlying asset. We have great options to choose
from: both for assets and stores where you can use your Giftock.
Give Giftock a try and we promise that you will never buy a regular giftcard again!