GT is the native token of Gatechain mainnet. It became the exchange token of Gate.io formally on March 2, 2020, with the new name GateToken. Since then, GT has been developing together with Gate.io. At its early stage, GT was distributed to Gate.io Point purchasers as a free gift, with an initial supply of 1 billion. Afterward, 0.7 billion GT was burned, resulting in the current maximum circulation of 0.3 billion. With the implementation of buyback and burning plans, GT is entering into absolute deflation. As an important part of the Gate.io ecosystem, GT can be used for VIP tier escalation, trading fee debit, exclusive activities participation, and more. Gate.io will also increasingly empower GT with more applications and use cases to improve its intrinsic value.

GateChain is a public blockchain which facilitates digital asset transfers, and claims to be dedicated to asset safety.

The networks native token is GateToken (GT). It's mainly used to pay transaction fees, but users can also stake it to validate transactions and secure the network in exchange for rewards.

GateChain offers an on-chain wallet for users to manage their digital assets directly on the network itself, thereby eliminating the need for a third-party wallet. It's also fully integrated with the Ethereum Virtual Machine (EVM), making it easy to deploy Ethereum-based smart contracts on the platform.

GateChain, launched in 2018, is a blockchain project initiated by Gate.io, a global cryptocurrency exchange. The company is headquartered in Zurich, Switzerland and was founded by Thomas Kofler and Wassilios Lytras, as reported by Crunchbase.

GateChain boasts a block time of just 4 seconds and can achieve up to 2,745 transactions per second (TPS), while offering low gas fees of as little as $0.0001 per transaction.

Developers can create and deploy their own smart contracts on the GateChain network, which provides a vast array of potential use cases.

To encourage developers to migrate their Ethereum dApps to GateChain, GateChain introduced an 'EVM account' type and expanded the account system. The platform also supports Ethereum's 0x address, which allows users to run their assets on both networks using the same address without having to create a new account on GateChain.

GateToken is listed on Gate.io, Huobi, LBank, Bitfinex and more.

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