Project Name: Gate Token (GT)
Website: GateToken Official Website
Market Cap: $583,867,117
Total Supply: 300,000,000
Circulating Supply: 136,232,296
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Supported Blockchain Networks: Gate Token (GT) is the native token of the popular cryptocurrency exchange Gate.io. GateChain aims to ensure user fund security.
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.io Exchange?
Founded in 2013, Gate.io is a full-service cryptocurrency exchange serving millions of users worldwide. The exchange has demonstrated industry-leading security with a 100% reserve proof and complies with applicable laws in the countries where it operates.
The cryptocurrency exchange offers users a wide range of products, including cryptocurrency trading, earning interest on assets, and more. It stands out in trading volume with features such as spot trading, peer-to-peer trading, and advanced trading tools.
- Crypto Data: Gate.io provides crypto data including market sentiment and optimism levels, incorporating factors like fear and panic indexes.
- Crypto Trading: The exchange enables crypto trading with features such as spot trading, peer-to-peer trading, and advanced trading tools. Non-U.S. users also have access to leveraged tokens and margin trading.
- Earning Interest: Gate.io allows users to earn interest by adding liquidity and lending out crypto assets or other products, offering higher APY compared to traditional savings accounts but with higher risk.
- NFT Trading: The exchange provides a marketplace where users can create and trade NFTs, including various digital ownership certificates such as art, sports collectibles, music, and in-game assets.
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.
Features and Benefits of Gate Token (GT)
Advantages of Gate Exchange Token:
- Wide Range of Trading Pairs and Crypto Assets: Gate.io is one of the rare exchanges supporting over 1000 trading pairs and listing over 800 cryptocurrencies.
- High Yield Rates: The exchange offers users advantages with high yield rates through pool, reward, and giveaway systems.
- VIP Membership Levels: Gate.io provides users with exclusive benefits and privileges through VIP membership levels.
- First-time Listed Coins: The exchange introduces previously unlisted coins for the first time, offering users diversity.
- Various Trading Options: In addition to futures trading, it offers various trading options such as spot trading and margin trading.
- Live Support: Gate.io assists users with 24/7 live support to answer questions and provide assistance.
- NFT Trading: It enables trading of digital assets through NFTs on the exchange.
Where is Gate Token (GT) Founded, Who are the Founders?
Founded as one of the oldest “crypto-to-crypto” exchanges based in China in 2013. GT, the utility token of the Gate.io platform, indicates that this platform was launched in China.
Gate.io was established as one of the oldest cryptocurrency exchanges operating in China in 2013. It is recognized as one of the fastest-growing crypto platforms due to its leading IEO platform and various financial services, including leveraged margin trading, margin lending or borrowing options.
Despite Gate.io’s robust trading engine, its interface may be somewhat complex for inexperienced investors, so it may not generally be seen as an ideal starting point.
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.
GateToken (GT) Coin Market Information
According to Coinmarketcap:
- Maximum supply: 300,000,000,000 tokens.
- Total supply: 0 tokens. (This value appears incorrect; it is recommended to refer to current data.)
Market information for the project can change or be updated at specific intervals. Therefore, it is recommended to follow Coinmarketcap for current price and market information.
GT Coin reached its all-time high (ATH) of $13.09 on May 12, 2021. Similarly, the all-time low (ATL) was recorded at $0.2667 on March 13, 2020.
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