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Gatechain Token
$16.04
Project Name: Gate Token (GT)
Website: Official
GT Whitepaper: Official Documents
Maximum Supply: 300,000,000 GT
Founding Year: 2013
Market Cap: $583,867,117
Total Supply: 300,000,000 GT
Circulating Supply: 136,232,296 GT
Supported Blockchain Networks: Gate Token (GT) is the native token of the popular cryptocurrency exchange Gate.io. GateChain aims to ensure user fund security. It also exists on Ethereum and Solana blockchains.
Exchanges Where It Can Be Purchased: GateToken (GT) is traded on numerous cryptocurrency exchanges worldwide. Some prominent exchanges include: Binance, MEXC, KuCoin, HTX, Gate.io and many other cryptocurrency exchanges.
GateToken (GT) is the proprietary cryptocurrency project of the major crypto exchange Gate.io. In this article, we’ll delve into topics such as the definition of GateToken, its functions, and how investors can acquire it, providing answers to frequently asked questions to satisfy the curiosity of our readers at Verified-Referrals. Let’s explore the project in detail together.
What is Gate Token (GT)?
GateToken is the native asset of the GateChain ecosystem and the utility token of Gate.io. The value of the asset is closely tied to the development of Gate.io and GateChain ecosystems. Additionally, the cryptocurrency exists on Ethereum and Solana blockchains.
- GateToken is used to pay transaction fees within the ecosystem and to reward validators supporting the proof-of-stake (PoS) consensus mechanism.
- GT is the native asset of the GateChain mainnet and can circulate throughout the GateChain ecosystem. In its early stages, the ecosystem released 1 billion GT for users to obtain free GT in exchange for Gate.io points.
- After burning 700 million GT, the ecosystem currently limits circulation to 300 million GT to maintain price stability.
- GT holders can access VIP privileges, participate in platform events, and use GT to pay trading fees.
- According to CoinMarketCap data, the total supply of GateToken is 300 million GT, and the cryptocurrency ranks among the top 100 by market capitalization at the time of writing.
NOTE:
Gate.io is one of the oldest cryptocurrency exchanges operating since 2013, offering industry-leading security with 100% reserve proof!
Who are the Founders?
The founder of GT Coin is Lin Han, founder of Gate.io. In 2015, an attack resulted in the theft of 7,000 Bitcoins. Gate.io operated as Bter.com until 2017, but rebranded as Gate.io during the process of transitioning from fiat to crypto trading, following a ban on trading from fiat to crypto by the Chinese government.
GT Coin Analysis
GT Coin stands out with its notable features:
- High Security: GateChain prioritizes user fund security and is supported by PoS mechanism.
- VIP Privileges: GT holders gain exclusive benefits and access to platform events.
- Burn Mechanism: 700 million GT burned to limit supply and stabilize price.
- Trading Fee Discounts: Use GT for reduced fees on Gate.io trades.
- Market Volatility: ATH of $13.09 in 2021 shows significant growth potential but also risks.
GT Coin | Purpose – Advantages
The purpose of GateToken is to enhance the Gate.io and GateChain ecosystems with utility and security. Here are its advantages:
- Transaction Fees: GT covers fees efficiently, with discounts for holders.
- VIP Access: Higher tiers unlock better rates, exclusive events, and priority support.
- Staking Rewards: Participate in PoS for earnings and network support.
- Cross-Chain Compatibility: Available on Ethereum and Solana for broader integration.
- Platform Events: Use GT to join IEOs, airdrops, and promotions on Gate.io.
Basic Use Cases
GT token offers versatile functions within the platform:
- Fee Payments: Pay for trades and transactions on Gate.io.
- VIP Upgrades: Accumulate GT to level up membership for benefits.
- Staking: Lock GT to earn rewards via PoS.
- Governance: Influence platform decisions through holdings.
- Trading: Buy/sell GT on exchanges like Binance or Gate.io.
GT Coin Investment Evaluation
GateToken stands out with its strong technological infrastructure tied to a leading exchange. Its current market cap of $583M suggests stability, but volatility remains high—e.g., ATL at $0.2667 in 2020. Ideal for long-term holders interested in exchange ecosystems, but risks should be assessed.
Future of GT Coin
The future of GateToken depends on Gate.io’s growth and blockchain expansions. With ongoing innovations like NFT trading and high-yield products, demand could rise. Market predictions for 2025 are optimistic, but overall crypto conditions will be key.
NOTE:
This article is for informational purposes only and does not constitute financial advice. Conduct your own research and consult a financial advisor before making investment decisions.
Frequently Asked Questions
What is Gate.io Exchange?
Founded in 2013, Gate.io is a full-service cryptocurrency exchange serving millions worldwide. It offers spot trading, P2P, margin tools, interest earning, and NFT marketplace with top-tier security.
What is the Current Value of GT Coin (GT)?
GT's price fluctuates with the crypto market. Check real-time data on exchanges or trackers like CoinMarketCap.
On Which Exchanges is GT Coin (GT) Listed?
GT is available on Binance, MEXC, KuCoin, HTX, Gate.io, and others with various trading pairs.
What Can Be Done with GT Coin (GT)?
Use GT for trading fees, VIP perks, staking rewards, and participating in platform events.
