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GateToken

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1 GT = 8.51 USD
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What is GateChain?

GateChain is a public blockchain developed by Gate.io, a global cryptocurrency exchange in Switzerland. Launched in 2018, GateChain is designed to facilitate digital asset transfers with a specific focus on asset safety. The network promises unparalleled security features, speed, and affordability, with a block time of just 4 seconds and transactions costing as little as $0.0001.

Resources

Official Documents: https://www.gatechain.io/docs/en/home/

Official Website: https://gatechain.io/

How Does GateChain Work?

Built as an independent blockchain, GateChain offers users a secure and efficient environment to transfer and manage digital assets. The network can handle up to 2,745 transactions per second (TPS), making it highly scalable for various financial applications. GateChain is fully integrated with the Ethereum Virtual Machine (EVM), allowing developers to easily deploy Ethereum-based smart contracts.

One unique feature of GateChain is its on-chain wallet. This feature allows users to manage their digital assets directly on the network, thereby eliminating the need for third-party wallet services. This brings an extra layer of security to asset management.

To make the platform more attractive for developers, GateChain has introduced an 'EVM account' type and expanded its account system. The platform also supports Ethereum's 0x address, facilitating a seamless asset management experience across both networks without requiring a new account on GateChain.

What is GateToken (GT)?

GateToken (GT) is the native token of the GateChain network. Primarily, GT is used to pay for transaction fees on the network. In addition, GT holders can stake their tokens to validate transactions, thereby securing the network and earning rewards in return. This process is governed by a Proof-of-Stake algorithm, where users stake their GT tokens to become validators responsible for processing transactions.

Which Factors Affect GateToken (GT) Price?

The value of GateToken is influenced by multiple factors:

- Utility: The more uses the token has within the ecosystem, the higher the demand, and consequently, the price.

- Transaction Volume: A higher transaction volume on the GateChain network would mean more demand for GT to pay fees.

- Staking: The staking mechanism encourages users to lock up their tokens, reducing the circulating supply and potentially increasing the token’s value.

- Network Security: A secure network can boost investor confidence, positively affecting the GT price.

- Market Sentiment: Like all cryptocurrencies, GT is also subject to broader market trends and investor sentiment.

GateChain's Impact on Finance

GateChain’s focus on asset safety and high transaction efficiency has the potential to significantly impact the financial world. Its integration with EVM enables a smooth transition for Ethereum developers, encouraging more decentralized applications (dApps) to be built or migrated to GateChain. The platform's scalability and low transaction costs make it ideal for various financial applications, from payment gateways to decentralized finance (DeFi) solutions.

Conclusion

In conclusion, GateChain and GateToken offer a compelling package of speed, security, and efficiency, setting the stage for a transformative impact on digital asset management and financial applications. Whether you are an investor, a developer, or simply a user, GateChain and GT should be on your radar.

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coin.24Hcoin.7dayscoin.30dayscoin.90dayscalculator.common.one_yearcoin_market.all_time
-1.96%-3.27%+0.81%+18.97%+118.03%+838.45%

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24h$8.49$8.72
7d$8.49$9
30d$8.28$9.34
90d$5.65$9.34
1y$3.84$11.47
coin_market.all_time$0.2667(2020-03-13, coin_market.years_ago )$13.09(2021-05-12, coin_market.years_ago )

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coin_market.cap
$774,270,427.71
-1.96%
coin_market.fully_cap
$2,552,254,802.89
-1.96%
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$3,432,354.58
+5.45%
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coin_market.circula_rate
+30.00%
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0.0044
coin_market.circula_supply
91,010,170 GT
coin_market.total_max_supply
300,000,000 GT
-- GT
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3
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3.88K(#581)
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200
+6%
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48(#343)
+182%
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0.01%
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1
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0%
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100%
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0%
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6
coin_price.reddit_ posts(24h)
2
0%
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0
0%

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Gate.io and TON Society Launch Hackathon
Gate.io and TON Society Launch Hackathon
Cointime2024-10-28 07:22
Bitcoin’s global search interest dips to 31 in October 2024
Bitcoin’s global search interest dips to 31 in October 2024

Share link:In this post: Google Trends data has revealed cooling interest in Bitcoin’s global search interest. After several days of subdued price activity, market sentiment appears to be shifting. At the beginning of the year, the search term “Bitcoin” was gaining momentum, with a score of 76 out of 100.

Cryptopolitan2024-10-12 20:36

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Is Gate Token (GT) token a good investment?

Ranked among the top global cryptocurrency exchanges, Gate.io boasts a staggering daily trading volume surpassing $1 billion and a vast portfolio of over 1000 tradable tokens. Founded in 2013 by visionary Lin Han, its trajectory of growth is evident with an impressive user base exceeding 10 million. The token price peaked above $10 in 2021. Gate.io's emphasis on blockchain asset security is a magnet for users, positioning it for greater profitability in the crypto market. This gives high potential that the price of GT token reach similar levels in the longer term.

How does Gate Token token work?

With an initial supply of 1 billion, 700 million GT tokens were later burned, making Gate Token (GT) fully deflationary. Integral to GateChain - a blockchain emphasizing decentralized trading and DeFi - GT offers users coveted trading discounts on the ever-popular Gate.io platform. Celebrating nearly a decade in operation, Gate.io distinguishes itself with futures trading and a vast token assortment. While many ask, "How does gatetoken crypto (GT) stand out among exchange tokens?" The answer lies in the platform's unique offerings and its tailored appeal to diverse crypto enthusiasts.

What is Gate Token (GT) used for??

Gate Token (GT) is primarily tethered to the Gate.io exchange, offering holders a range of benefits. Key utilities include: Trading Discounts: GT holders on Gate.io avail tiered trading fee reductions, often prompting the purchase of GT. Exclusive Token Access: Staking GT provides early access to tokens pre-listing on Gate.io, linking token quantity to allocation size and offering a competitive edge, albeit with potential risks. GateChain DeFi: GT shines in the DeFi realm with staking, liquidity pool participation, and yield farming opportunities. Additionally, it handles transaction fees and will soon integrate into crypto lending and other DeFi ventures.

What are Gate Tokens biggest challenges?

Centralized exchanges primarily garner income through trading fees, advertisements, and distinct value propositions. For Gate Token, this is vital since over 70% of its initial supply has been burned already. The profits from trading fees are utilized to repurchase and subsequently burn GT tokens, permanently reducing their supply. A supply that becomes too low could potentially cause problems in the long term.

Is Gate Token (GT) token safe?

It's vital to delve deep into exchange tokens and their utilities. While they often share common utilities, their underlying tokenomics can be quite distinct. Evaluating an exchange's reputation and other key aspects is essential. Highlighting concerns about Gate Token (GT): Platform-Centric Trading: Gate.io stands as a prominent crypto exchange globally with a vast token listing and massive daily trading. Yet, the dominant trading volume for GT is primarily on the Gate.io platform itself. Constrained Utility: GT's functionality largely revolves around Gate.io and GateChain. GT holders using other exchanges miss out on trading discounts. Similarly, staking GT outside of Gate.io doesn't grant early access to its upcoming token listings.

Can I mine GT tokens?

Gate Token isn't a cryptocurrency that can be mined. Instead, GT is an ERC-20 governance token specific to exchanges and can't be mined. Nevertheless, users can accrue rewards by staking or farming their GT tokens on GateChain or directly on the Gate.io platform.

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