Gate GT

1. Summary

Ranks

Liquidity

98

Developer

-

Social

11

Momentum (beta)

83

Stack Rank™

-

Price

$17.25 +3.3%

Market Cap

$2.17B (#56)

Supply

125.82M / 300.00M

Tags

Centralized Exchange Token (CEX) Exchange-based Tokens Centralized Exchange (CEX) Ethereum Ecosystem Proof of Stake (PoS) Centralized Exchange (CEX) Token

More Metrics

Price
52W High price	$10.60
52W High date	1st Apr 2024 (9 months ago)
All Time High (ATH) Date	12th May 2021 (3 years ago)
ATH Price	$12.94
% From ATH	-19.87%
All Time Low (ATL) Date	13th Mar 2020 (4 years ago)
ATL Price	$0.26
% From ATL	3926.71%

Supply & Trading Volume
Trading Volume (24h)	$21.25M
Total Supply	300.00M
Circulating Supply	125.82M

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Description

Gate (GT)

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Gate (GT)

Gate is a cryptocurrency with the symbol GT. It operates within the GateChain ecosystem, where it serves as the native currency and unit of account. GateToken (GT) is used to pay transaction fees and operational costs throughout the network. Users can also use GT tokens to deploy smart contracts and decentralized applications (dApps). The token is essential for the GateChain Delegated Proof-of-Stake (DPoS) consensus mechanism and provides exclusive privileges on the Gate.io crypto exchange.

Gate.io, the centralized cryptocurrency exchange associated with Gate, offers various services including marginal trading, perpetual contracts, leverage, exchange traded funds (ETFs), copy trading, and staking facilities. The platform also supports over 20 fiat currencies and features several advanced trading tools and security measures.

The GateToken (GT) has a dual role, enabling voting on new exchange listings and providing discounts on token purchases. Additionally, GT tokens can be used for staking to secure the network and earn passive income. The token has deflationary properties due to a buyback-and-burn mechanism.

GateChain addresses prominent issues in public blockchains, including cross-chain token swaps, recovering stolen assets, and lost private keys. The ecosystem supports seamless asset and dApp migration across multiple chains with minimal costs and uses common Ethereum tooling for a familiar development experience.

Overall, GateToken is a crucial component of the GateChain ecosystem, enhancing the versatility and adoption of the network.

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