Many new participants join the token world every day; some of them gain success due to their popularity, and some gain success because of the strength of their support. Gate Token is a token with a serious protector behind it. Gate Token has exhibited a continuous rise apart from minor decreases. It has aroused curiosity with its performed advances and rises. In this summary, we have aimed to offer you all the information about Gate Token in the most detailed and comprehensive way to gain it and take advantage of it.
What is Gate Token?
Gate.io is an exchange in China also the first domain of Bter.com. Lin Han has been the CEO since 2013. Gate.io has been introduced as a leading exchange market in the area because it has considerable amounts of cryptocurrency trades, such as BTC, ETH, and XRP.
The name of the local cryptocurrency used for many transactions and purposes on the Gate exchange is Gate Token (GT). Gate Token is the cryptocurrency or token of the Gate.io exchange. GT coin also facilitates the liquidity between different currencies through cross-chain atomic swap protocol services. Gate Token is a token-enabled crypto-assets owned by the Gate.io exchange. Gate.io exchange is the most important indicator to look at first to learn about Gate Token’s project, goal, and future.
Gate.io exchange is one of the top 10 crypto exchanges in the crypto markets. The most valuable factor behind Gate Token’s growth is undoubtedly Gate.io’s pre-investment opportunity for many new cryptocurrencies and tokens.
Gate Token is the unique crypto asset of the Gate.io exchange and has the same logic as the Binance exchange’s own special BNB Coin. For this reason, many crypto-asset investors believe that Gate Token will gain value just like BNB Coin in the future.
What is Gate.io exchange?
Gate.io is a cryptocurrency exchange based in China, which started to gain users in 2017 and still operates as an unlicensed platform. It is under accusation of being a part of Gate Technology Incorporated. According to the present unofficial data, the exchange offers transactions for more than 367 crypto markets. Among them are industry leaders such as USDT, BTC, and ETH.
What is the Gate Token acronym?
Gate Token has the abbreviation or code GT. Therefore, it can enter the exchange markets or information platforms with the GT code.
What is the brief history?
GateToken (GT), on the other hand, is crypto money owned only by the Gate.io exchange and is used for daily transactions there. GT coin had a remarkable performance in 2021. Here is the GT coin 2021 chart:
GT coin was the 144th largest cryptocurrency in the world (December 2021), according to CoinMarketCap data, with a market capitalization approaching $ 450 million. Important data about GateToken (GT) are as follows:
- GT coin’s highest price ever: $13.09 (May 12, 2021)
- GT coin’s lowest price ever: $0.2667 (March 13, 2020)
- GT coin circulating supply: 77,577,202 GT
- GT coin total supply: 300,000,000 GT
- GT coin maximum supply: No data available
Benefits and features of the Gate Token
- The blockchain related to Gate Token is Ethereum, and its standard is ERC-20.
The token is of utility type.
- Its most important feature is being a user-based token: the users of the token may have the chance to get discount rewards according to their trading amount. If the holders have this token in their wallets, they will gain monthly interest as a reward.
- The holders would have a chance to vote on every active token listed in Gate.io; each Gate Token might bring a vote for the holder.
- Gate.io exchange regularly carries out Gate Token burning. In the first quarter of 2021, 40 million dollars of Gate Token burned. In addition, information and programs are shared about Gate Token burning on the Gate.io website. However, Gate.io decided to consider 20% of its operating profit for Gate Token’s buyback and burn since September 1. A report to clarify the buybacks and burns will be issued seasonally.
- Gate Token is going to operate as a powerful engine for GateChain.
What is the Gate Token release date?
It is difficult to determine the exact release time of the Gate Token. However, according to the present data, the first release date was August 27, 2019.
What is the Gate Token project?
Gate Token is the unique token unit of the Gate.io exchange and functions just like Binance Coin. In other words, its first usage is in the conversion of low commission rates and low amounts of cryptocurrencies. It is user-oriented, so traders can take advantage of all kinds of benefits like fast processing no-commission rate for transaction fees while holding it within your account wallet will gain you advance any time you log into.
How are Gate Token reviews?
Gate Token, which shows a constant rising graph since its birth, has received positive comments from crypto money investors. There are even comments that Gate Token will be as valuable as Binance Coin (BNB) in a certain amount of time.