Gate.io will become one of the leading cryptocurrency exchanges in the world. Gate.io has its own token called GT. GateToken was originally the proprietary token used by GateChain, but in 2020 it changed the name of the currency. Will GateToken increase in value in the future? Summarize features and potential.
- What is GateToken?
- What is Gate.io?
- Features of GateToken
- The future of GateToken
What is GateToken?
Gate.io has developed its own token, GateToken. If you hold GateToken, you can purchase tokens at a discounted price, discount transaction fees, and receive staking rewards, so it is a very familiar token for Gate.io users. . If you have a lot of GT, the discount rate of the commission will increase further.
What is Gate.io?
Gate.io is a cryptocurrency exchange founded in 2013. Since this exchange was founded in China, many people will feel uneasy. However, since the base has since moved to the Cayman Islands, you can use it with confidence. The information below is as of 2023.
|Company Name||Gate Technology.inc|
|Number of Users||Over 10 million|
|Number of Cryptocurrencies||1730|
There are so many deposit and withdrawal methods
Gate.io has a wide variety of deposit and withdrawal methods. Payments are compatible with P2P, legal currency, and virtual currency (Bitcoin, etc.) remittance mechanisms. It is easy to transfer funds, and the wallet management functions are also quite complete. It is also highly secure, so users are protected and can trade with peace of mind. The details of the transfer time may vary depending on network congestion.
There are many trading methods
Gate.io offers spot trading, futures trading (derivative trading), staking, defi, and even liquidity mining. Major altcoins and tokens such as BTC, ETH, USDT, XRP, and DOGE can be handled as currencies. Furthermore, it provides a unique platform that allows you to easily start buying and selling trades in the market.
there are many events
There are quite a lot of cryptocurrency company events at the moment, and you can earn airdrops by participating in bonuses, campaigns, startups, etc. Users are rewarded with less risk. It is also compatible with web browsers on smartphones and PCs.
Features of GateToken
GateToken has the following features.
Gate.io’s own token
GateToken is the original token of Gate.io. It is treated in the same way as the original currency BNB issued by the virtual currency exchange Binance, and by holding this token, you can get discounts and participate in events, so it has added value.
GateToken can be used on its own blockchain, GateChain. GateChain creates a wallet and is used for gas costs when sending cryptocurrencies and rewards for staking currencies. Furthermore, there is a function called GateChain EVM. GateChain EVM can convert programming code that is easy for humans to write into code that computers can understand.
GateToken manages the assets deposited by users in a wallet that is separated from the blockchain called a cold wallet. GateChain allows you to use two different accounts: a normal account and a highly secure Vault account.
The future of GateToken
The price of GateToken is around 668 yen as of 2023. GateToken has an impressive upward curve and is definitely in the middle of an uptrend. It can be seen that trading by institutional investors, who are major traders, is active. Technically, it is expected to ride the updraft.
Source : Coinmarketcap
Trends in the Chinese economy
China will be the key to GateToken. As of 2023, Gate.io is based in the Cayman Islands, but it was originally a cryptocurrency exchange born in China. Therefore, the relationship with Chinese capital cannot be denied, and considering the fact that China is under sanctions from all over the world, there is a good chance that it will be affected by the Chinese economy, which is currently in decline.
Chinese government regulation
In addition to that, the restrictions on virtual currency are becoming stricter due to the spread of the digital yuan due to the regulation of the Chinese government. In September 2021, the Chinese government banned all cryptocurrency transactions. You may also be affected by it. It is expected that the tightening will be even tighter in the future, but it is unclear whether exchanges in the Cayman Islands will be affected.
Gate.io is on the rise
Although there are uncertainties in China, as you can see from the chart, there is no doubt that the overall trend is on the rise. Gate.io has an increasing number of users and is also building bases in the United States and Hong Kong, so if you look only at the exchange, it is doing very well. Overall, it is believed that this token will continue to increase in value.