Gifting Limitations

Hi, So.. I was wondering what are the limitations on gifting. I noticed that you must wait actually 24 hours before being able to gift the player again. Shouldn't it reset at 12 p.m.? I'm not sure if this is even valid or just me being noobish about the issue at hand. I know this: - You can only send up to 10 gifts every 24 hours. - You can only receive up to 10 gifts every 24 hours. Maybe its just me but I would like it to be reviewed, if possible.
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