Giottus refers to Cryptocurrency Trading Platform and Not Just an App
Giottus referus is a unique identifying code, which is also known as the reference code or referral cryptogram. It is used to uniquely identify your internal referrals so you only get referrals from people sharing the same reference code. Giottus referus (Giottus code: 04090) can be created by using the following procedure:
In Tamil Nadu, people are allowed to refer by email address or SMS to their preferred vendors. These vendors then use the Giottus Referral Code (GCRC) to verify that the email or SMS was indeed sent from them and not from some third party. For e.g. if a Tamilian seeking loans in Kerala sends an SMS stating that he is from Tamil Nadu and not from Kochi, the lender in Kerala will match the reference of the sender with the mobile Giottus number.
If the caller is not a local person but uses an unknown caller ID, the KYC app platform for smartphones will first check whether the mobile is an authentic subscriber of an international mobile operator (UMI) through roaming, contract billing or through another means. Once the verification is done, the app will ask for the Giottus reference code. If all parameters for match are met, the application will then request for the reference code for further verification.
As the KYC app matures, more features are bound to be integrated including online banking, shopping cart, mobile payments, real time trade quoting, online analysis of market trends, subscription options and other services. But at this stage, the currency trading option is yet to be available in the app. The token selling and purchasing options are also yet to be added. As the company plans to launch the Cryptocurrency Trading platform, tokens and coins would be accepted as payment for the services rendered and the conversion rates would determine the trading fees.
Even if the launch of Cryptocurrency Exchange hasn't been made official yet, the investors in KYC currency trading platform may be able to earn profits from their home jobs just like the traders in the traditional stock market. They will be able to buy and sell the KYC currencies at the same rate they are buying and selling the original tokens. In fact, the investors may find it easier to convert the original tokens into KYC currency than to buy and sell the foreign currencies at current market rates. This would mean that they can earn without investment earning app without having to deal with exchange rates and other issues.
However, as this is still a concept in its early phase, the investors must be careful about the risks they are taking. They would have to read the fine print of the agreement thoroughly before investing in any such project. The investors should take some time out to analyze the current market scenario and forecast the market trends before entering the Forex trading business. If they are confident of treading the market and earning profit, they may proceed further with the project.
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