<b>WHITE PAPER: GIFTY Focusing on the HEICTOR Protocol</b>

This technical and feasibility report details the GIFTY Project, an innovative solution that aims to revolutionize the Brazilian market for gift<i> cards through</i> Web3 technology. Approved by the Central Bank's LIFT Lab 2025, GIFTY addresses chronic inefficiencies in the traditional market, such as high issuance costs, fraud, and the problem of "breakage" (unused cards), by utilizing Non-Fungible Tokens (NFTs) with Token-Bound Accounts (TBAs) and Zero-Knowledge Proofs (ZKPs). An in-depth analysis of its modular architecture, economic models, and security strategies, including lessons learned from the HEICTOR protocol, demonstrates GIFTY's potential to become a market standard, offering instant settlement in <i>stablecoin</i>, emissionultra cheapand a fluid and secure user experience, without the complexity inherent in <i>blockchain </i>for the end user. The project not only optimizes existing operations but also paves the way for new revenue streams through loyalty programs, <i>cashback and</i> gamification, strategically positioning it for mass adoption in the scenarioWeb3in evolution.