This whitepaper is for information purposes only and may be subject to change. Gath3r cannot guarantee the accuracy of the statements made or conclusions reached in this whitepaper. Gath3r does not make and expressly disclaims all representations and warranties (whether express or implied by statute or otherwise) whatsoever, including but not limited to: - any representations or warranties relating to merchantability, fitness for a particular purpose, description, suitability or noninfringement; - that the contents of this document are accurate and free from any errors; and - that such contents do not infringe any third party rights. Gath3r shall have no liability for damages of any kind arising out of the use, reference to or reliance on the contents of this whitepaper. This whitepaper may contain references to third-party data and industry publications. As far as Gath3r is aware, the information reproduced in this Whitepaper is accurate and that its estimates and assumptions are reasonable. However, there are no assurances as to the accuracy or completeness of this information. Although information and data reproduced in this Whitepaper are believed to have been obtained from reliable sources, we have not independently verified any of the information or data from third party sources referred to in this whitepaper or ascertained the underlying assumptions relied upon by such sources. This whitepaper does not constitute advice nor a recommendation by Gath3r, its officers, directors, managers, employees, agents, advisors or consultants, or any other person to any recipient of this paper on the merits of participation in the Gath3r Token Sale. Participation in the Gath3r Token Sale carries substantial risk that could lead to a loss of all or a substantial portion of funds contributed. No promises of future performance or value are or will be made with respect to Tokens, including no promise of inherent value, no promise of continuing payments, and no guarantee that Gath3r (GTH) Tokens will hold any particular value. Gath3r (GTH) Tokens should not be acquired for speculative or investment purposes with the expectation of making an investment return. No regulatory authority has examined or approved any of the information set out in this Whitepaper. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this Whitepaper does not imply that applicable laws, regulatory requirements or rules have been complied with. Gath3r (GTH) Tokens could be impacted by regulatory action, including potential restrictions on the ownership, use, or possession of such tokens. Reg ulators or other competent authorities may demand that Gath3r revises the mechanics and functionality of Gath3r (GTH) Tokens to comply with regulatory requirements or other governmental or business obligations. Nevertheless, Gath3r believe they have taken commercially reasonable steps to ensure that its planned mechanics are proper and in compliance with currently considered regulations
This whitepaper contains forward-looking statements or information (collectively “forward- looking statements”) that relate to Gath3r’s current expectations and views of future events. CAUTION REGARDING FORWARD-LOOKING STATEMENTS In some cases, these forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “aim”, “estimate”, “intend”, “plan”, “seek”, “believe”, “potential”, “continue”, “is/are likely to” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Gath3r has based these forward-looking statements on its current expectations and projections about future events and financial trends that it believes may affect its financial condition, results of operations, business strategy, financial needs, or the results of the token sale or the value or price stability of Gath3r (GTH) Tokens. In addition to statements relating to the matters set out here, this whitepaper contains forward-looking statements related to Gath- 3r’s proposed operating model. The model speaks to its objectives only, and is not a forecast, projection or prediction of future results of operations. Forward-looking statements are based on certain assumptions and analysis made by Gath3r in light of its experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate, and are subject to risks and uncertainties. Although the forward-looking statements contained in this whitepaper are based upon what Gath3r believes are reasonable assumptions, these risks, uncertainties, assumptions, and other factors could cause Gath3r’s actual results, performance, achievements, and experience to differ materially from its expectations which are expressed, implied, or perceived in forward-looking statements. Given such risks, prospective participants in this token sale should not place undue reliance on these forward-looking statements
Advertising revenue is extremely important to the Internet sector. Advertising generates the vast majority of revenue in the search and social media portions of the Internet industry. Google, Yahoo and Baidu all rely heavily on income from advertising with Google and Facebook earning more than half of all advertising revenue.
That being said, sales of dead-tree media have fallen dramatically over the past 20 years, but as of 2011, a print reader was worth 228x more than an online reader in terms of revenue generated per-reader. Premium postings, banner spaces, pop-up and sidebar ads generate commissions from sales or click-through rates that websites often depend on for their very survival. At least, the ones that want to stay away from the subscription- based model and still maintain unique, high-quality content.
Recently, blockchain technology emerged in the advertising industry as a sort of phenomenon in 2017. It provided a new monetization alternative to advertising through in-browser mining. And in-browser coin mining came on top as a huge win for websites in breaking the monopoly of site funding – something that is very difficult for modern websites to navigate.
However, this is not without its drawbacks. The revenue-from-ad model is considered intrusive and can adversely affect user experience, which can result in higher bounce and dropout rates. As a result, websites that become too dependent on advertising can actually be losing visitors and customers. With more and more people using ad-blockers now, the ad-quality is also dropping as copyright holders actively go after this revenue source. Other usual forms of monetization – merchandising, publishing rights and referral commissions – aren’t sufficient to make up for declining advertising revenue. Finally, the usual cryptocurrency mining requires too much computing power and expensive data-processing centers, which consume enormous amounts of electricity. This model is also susceptible to a malicious threat called “cryptojacking” as evidenced by the recent 51% attack suffered by Verge, formerly known as DogecoinDark.
Gath3r adopts a new approach to in-browser mining with the introduction of a versatile native coin along with merged mining. The GTH coin works well with both browsers and apps, and has no UI issues, thus allowing new and existing coins to use Gath3r’s hashrate. Ultimately, this new model provides better profitability for web-miners, less centralization and a solution to a host of other issues commonly associated with new coins and low hash rates.
By integrating merged mining – the mining of two coins simultaneously from a similar algorithm – Gath3r offers additional benefits to miners as well. New coins looking to launch could fork off GTH into XYZ -G, which effectively allows them to utilize the hashrate of Gath3r. thus solving consensus issues and keeping their chain safe.
Giving lesser-known cryptocurrencies the chance to have their coins merge mined with the Gath3r blockchain will help secure the newer and less popular blockchain. It’s about making things easier and more rewarding for miners by increasing their chances of gaining a reward for their work without much added cost.
Our vision for Gath3r is a new in-browser miner that provides more utility to both miners and website owners alongside enhanced security, user experience and functionality.
2017 was the year that put cryptocurrencies on the digital map. As the value of Bitcoin rose from around $900 in January to over $5000 as of writing this whitepaper, one of the core aspects behind this digital asset remains to be utilized to their full potential. One of the unique aspects of cryptocurrencies such as Bitcoin, is how they are created. The process is known as mining and consists of computers solving mathematical problems to verify transactions before they are added to the blockchain. As a result, new coins are generated and rewarded to the respective miner.
Several miners have since been deployed by sites to use the visitors’ extensive computing power to create new coins in exchange for an ad-free browsing experience. The technology in question essentially takes over users’ web browsers to mine cryptocurrency, thus making money by using the site's visitors’ computers to mine cryptocurrency. The two most popular cryptocurrency miners to date are CoinHive and JSE Coin – adopted by the likes of The Pirate Bay, UNICEF, Alluc and others. Other sites like Clean Water have also turned to cryptocurrency miners to raise funds for charitable causes like disaster relief. This has allowed these sites to offer users an ad-free browsing experience with an opt-out option and rewarding the user if he chooses to let the miner run while providing a stable revenue source for the website.
In-browser miners are increasingly seen as a potential supplement or alternative to digital ads, which are notorious for being disruptive and insecure. Many others have followed in the footsteps of early adopters like The Pirate Bay in supporting in-browser mining to reduce ads. Rather than having pictures and videos spread across a website, users can offer the computing power of their PC or mobile and mine cryptocurrency for the website owner. The implications of this are huge!
Given the size of the total addressable market (TAM) of live websites, which is 2,500,000,000 there is a lot of potential for this mining technology in the future. Especially if websites were to offer it as an optional alternative to traditional advertising. If users were willing to offer their computing power to replace adverts, and if the website owner could be trusted to limit the computing power requested, the technology could be added into websites safely and effectively for everyone involved.
The rise of these in-browser miners and their associated problems are keeping the technology from evolving to a place that’s more secure. On top of that, more malware scanners are on the alert and rolling out features capable of detecting and blocking unauthorised crypto mining scripts. At least two ad blockers have added support for blocking Coinhive's JS library — AdBlock Plus and AdGuard. In addition, developers have also put together Chrome extensions that scan a user’s browser and terminate anything that looks like Coinhive's mining script — AntiMiner, No Coin, and minerBlock. This will require a new and improved method for mining cryptocurrencies with the user’s consent introduced to offset the damage that has already been done. But according to a report published in February by security firm Malwarebytes, the AuthedMine code is “barely used” compared to the use of Coinhive’s mining code that does not seek permission from website visitors. At present, with 32,000 sites running the original Coinhive mining script, just under 1,200 sites are running AuthedMine. Since actual malware such as cryptojacking scripts are viewed as less of a threat than trojans or other viruses people are less likely to install blocking scripts. This is in part due to the fact there is no real damage to a system other than slowing it down.
Because cryptocurrency is “the internet of money,” it is proving to be a better way to monetize the internet. An in-browser cryptocurrency miner provides a more straightforward approach to content monetization. When you integrate a script into your website, you are effectively using the CPUs of cooperative visitors to mine any cryptocurrency. All proceeds are split between a chosen crypto address and the script’s creators, who receive a share. Depending on the number of visitors your site receives and the time those visitors spend on the site profits from an in-browser miner may allow you to forego or supplement other monetization options such as ads, paywalls, donations, and subscriptions. If the level of CPU usage is customizable and set at a reasonable level, it will not affect users’ devices and cause them to blacklist your site. Maintaining a transparent policy about using visitors’ CPU power for web mining will prevent any backlash or malware accusations. Ideally, web mining should be an opt-in process. This way a large number of new users are introduced to cryptocurrency and incentivized to generate revenue for websites.
Advertising generates the vast majority of revenue in the search and social media portions of the Internet industry. Google, Yahoo and Baidu all rely heavily on income from advertising. According to Pricewaterhouse Cooper, the ten largest U.S. companies in terms of digital ad revenues control 71% of the market, and the next 15 companies hold an additional 11% market share. For the online marketplace operators Amazon, eBay, Alibaba and Priceline, advertising revenues contributed 7%, 16%, 1.6% and 5% respectively. That being said, software that blocks online advertisements—usually referred to as an ad blocker—is rapidly becoming the standard among users. According to PageFair, a company dedicated to analyzing and mitigating this trend, about 615 million devices were using ad blockers at the end of 2016. The total number of internet users in mid-2016 is estimated to be 3.4 billion. This means that around 20% of users employ ad blockers and that number is only going to increase.
Because most ad blockers are free and easy to install, there are no immediate downsides— and plenty of upsides—for their users. Google is considering adding an extension into Chrome, which blocks cryptocurrency miners on websites. Whilst this is to help protect users from unwillingly offering their devices, one must also remember that Google’s AdSense software is used by over 14 million websites to provide adverts and generate revenue. Given that advertising contributed 90% of Google's total revenue, 79% of Yahoo's total revenue and 99% of Baidu's total revenue in 2014 alone, the importance of advertising revenue will continue to grow as technology advances. Digital advertising accounted for 92% and 90% of Facebook's and Twitter's total revenues, respectively. According to a 2014 report by Pricewaterhouse Cooper, U.S. online advertising revenues grew 15.1% year over year to $23.1 billion in the first half of 2014. During this same period, mobile ad spending grew 76%. All this data shows that the prospect of browser mining can become increasingly valuable for businesses as it acts as competition to traditional ad revenue. If users were willing to offer their computing power to replace adverts, and if the website owner could be trusted to limit the computing power requested, the technology could be added into websites safely and form a new stream of revenue for website owners.
Web mining is by far the most profitable approach to address declining revenues from traditional ads. If your site is able to retain numerous miners’ time, you can expect to earn a decent amount of cryptocurrency.
There are some very obvious benefits to adopting web mining. It not only provides a viable financial revenue stream for your website but allows you to reduce the kind of advertising that people hate. As a result, you improve reader retention and time spent on-site, thereby enhancing user experience as well. A lot of users prefer to contribute some CPU time to a website rather than seeing ads, if only because mining cryptocurrency for a voluntary cause or site gives the reader a feeling of personally contributing, as opposed to seeing ads that most people never click on.
In line with blockchain’s principles of transparency, web mining should also be announced to site visitors to prevent any backlash or malware accusations. Ideally, web mining should be an opt-in process. It’s about creating an entirely unobtrusive process that doesn’t interfere with the design or user experience of a site in any way. Web mining respects user privacy and allows sites to do away with tracker ads and the like, incentivizing sites to produce high-quality and engaging content rather than the clickbait model incentivized by ads.
Web mining is the ideal tool to introduce users to new cryptocurrencies, achieving the best results when run over long periods of time.
Gath3r provides website and application owners an alternate/additional form of non-intrusive monetization. The core revenue model proposed to websites is to earn simple commissions from the pool fees, and computational power of their visitors. Website and application owners can integrate the Gath3r code with their respective platform(s) to earn additional revenue via their users’ CPU and GPU computational power to mine cryptocurrencies.
A CPU and GPU web-based miner that can pay out in Gath3r coins, BTC or local currency where supported... The script can handle large loads of websites and/or applications and their users. A mandatory Opt-in is built in to ensure transparency and user privacy protection. Webmasters will be able to choose to let users browse for free a portion of their website(s) while visiting other sections will prompt a pop-up for opting in. A new block in the chain or network of Gath3r or any other cryptocurrency can only be enabled with a complex code, called a hash that makes it unprofitable for hackers to attempt to crack the code. Once the Gath3r code is installed on a site, visitors can elect to use their excess GPU or CPU power while they’re browsing to try to figure out the code. The process is known as mining. Employing the POS model in combination with our own blockchain will reduce operational costs and introduce staking to further increase the coin’s value. If the website submits the correct hash, the webmaster enables the block, grows our ecosystem, and enhances the value of the Gath3r coin. The system then rewards the webmaster with a payout, which can be in coins, BTC or, where permitted, in cash. Publishers would be split into different mining pools, based on their hashrate i.e. Small, Medium and Large. Each of them would have a separate pool so that each of the publishers would be rewarded fairly.
As an addition to our loyalty program, Gath3r will introduce a web based staking wallet. The benefits are that any coins that are earned by visitors can then be automatically sent to a web based staking wallet, allowing both the user and publisher to earn interest on their stake with ease.
This encourages people to take control of their finances rather than leaving their private keys in the hands of third party services. The more cryptocoins miners stake, the higher their power to validate transactions on the Gath3r blockchain will be.
Gath3r will use a web lite chain with a compressed web-lite blockchain node that is locally stored on the browser for very specific purposes only, leaving out much of the heavy data - thus making it feasible. The rest of the data will be on Masternodes which host the full blockchain - the web lite server syncs with the masternode - Masternodes are mandatory and web-lite chains will not work without them.
This model promotes simplicity as it lowers barriers of entry by orders of magnitudes and will foster mass-adoption of cryptocurrencies. The main purpose is to establish consensus quickly to prove their accounts’ balances and send transactions into the network.
Gath3r’s blockchain will support merged mining via auxiliary chains. The parent Gath3r chain is better suited for browsers and apps, allowing new and existing coins to use its hashrate. By doing this, at scale we would be able to provide better profitability for web-miners and more importantly stop centralization and a host of other issues commonly associated with new coins and low hash rate.
The parent chain needs no additional work to participate in merged mining. And the only additions to its blockchain are the auxiliary chain hashes that are added to its transaction tree.
Smaller blockchain projects can use merged mining to tap into the hashing power of Gath3r’s larger parent chain. Ideally, miners would have no issue in switching to merged mining because they receive increased rewards for the same amount of work.
Gath3r will introduce Smart Contract capabilities that will enable the unification of blockchains through Gath3r and private masternode networks.
Every auxiliary chain that forks/clones off Gath3r will inherit Gath3r’s built-in smart contracts functionality. The more auxiliary chains, the more interoperability there will be between different chains which are part of the Gath3r ecosystem.
Gath3r will integrate a one stop shop for all related crypto issuance needs of companies. This will give enterprises the option to develop and launch/fork their product/service on the GTH chain payable in USD.
The chain launch, development, and mining (since the coin would be merge mined with GTH, and GTH would be mined by websites and applications) are all covered under the service.capabilities
The Gath3r Foundation is the governing body of Gath3r.io. Part of the capital raised during the token sale will be allocated to the Gath3r Foundation.
The Foundation’s purpose is to help increase adoption of the GTH chain by Awarding
grants ( both in GTH and FIAT ) to promising projects/developers who would then build
on the GTH chain.
Additionally, their secondary objective is to act as custodian and deploy funds if/when needed to benefit the ecosystem.
Gath3r has a holding company independent of the foundation and with no control over the foundation. The Gath3r Foundation will have a board made up of a majority of external stakeholders and a minority of Gath3r founders/advisors to ensure fairness, objectivity and transparency.
Gath3r’s payout system is developed to support payouts in Bitcoin, Gath3r coins or,
where permissible, in local fiat currency.
We will continue to develop and expand Gath3r’s functionality with additional features in the future, such as a Paywall Program that will allow webmasters to collect payments in Gath3r coins in lieu of website mining. This feature will be optional - the webmaster can choose whether to make it mandatory or not.
There will also be a loyalty program where the rewards for mining will promote user loyalty and incentivize more time spent on participating websites, which can be added into a web based staking wallet, earning users interest.
By utilizing a web based blockchain, Gath3r enables the implementation of smart contracts that enable cross chain functionality and interoperability - specifically for new coins that have forked off Gath3r or existing coins where technically feasible. The combination with merged mining increases security as the networks grow, making them more resilient to 51% attacks.
Giving users full control over their private keys in what is known as web wallet staking will further drive user engagement by rewarding miners with additional GTH coins. The core of the Gath3r platform is transparency, user engagement and security. Users that hold more coins, are rewarded more often. This allows for all individuals staking to be rewarded, without long waiting times due to others large weight.
The platform aims to bring the usage of blockchain to the mainstream by bridging the gap between websites and normal users, promoting transparency and rewarding all participants.
Gath3r is developed as an alternative to existing crypto mining scripts that are inefficient for both website owners and users. It offers a new, significant, and long-term solution with multiple benefits:
By integrating merged mining into our model, Gath3r’s publishers will end up earning
more coins as an addition to the coins they mine. This will be done with no additional
A Gath3r Masternode is a 24/7/365 dedicated server connected to the blockchain network which adds an additional layer of stability and two additional levels of functionality to the network. The additional functions are increased transaction speed and enablement of Gath3r’s services. The masternodes feature is built to enhance Gath3r’s security capability and will be available to verified and vetted business and government institutions and will act as a secure information gateway on the blockchain. Any wallet or transaction on the Masternode will be encrypted with the IP addresses auto-changed. These wallets and transactions are invisible to prying eyes to meet institutional security pre-requisites.
Ultimately, Gath3r will allow communication between validated blockchains with the ability to perform advanced functions and tasks.
The market for in-browser mining is in desperate need of a new, improved and secure
solution like Gath3r that will excel where existing miners failed. As of March 2019, one of
our main competitors, Coinhive, is shutting down services due to the drop in the hash rate
following the hard fork and algorithm update of the Monero network.
Compared to remaining crypto miners, Gath3r has the basis to become the next dominant force on the legal in-browser mining scene.
To reach our aim we intend to issue our own coin, the Gath3r coin (GTH), for initial
Fundraising, which will then be changed to our native blockchain at a later date.
Many coins/tokens offered in crowd sales are used as pure speculative objects, but ours stands
apart from the crowd as it will have direct utility thanks to the wallet staking and merged mining mechanisms we have adopted.
Gath3r will use the ERC-20 standard for the sale. Once the native Gath3r blockchain is ready we will transfer over to our own chain. ERC-20 GTH holders will go through a coin swap process at the ratio of 1:1.
Once the chain moves to limited supply with the initiation of trigger events only 1,314,000 new blocks will be made, which is approximately 60,000,000, coins which takes about 5 years to mine.