GateToken/GT#49 3

What is GateToken (GT)?

GateToken (GT) is the native utility asset of Gate.io — one of the world’s largest cryptocurrency exchanges — and the governance token of the GateChain public blockchain. Introduced in 2019 and formally adopted as Gate.io’s exchange token in March 2020, GT underpins an ecosystem that spans spot and derivatives trading, on‑chain payments, secure DeFi, and community‑driven governance.

GateChain employs a high‑performance Proof‑of‑Stake (PoS) consensus that finalises a block every 4 seconds and handles up to 2,745 transactions per second while charging network fees as low as $0.0001. The chain is fully EVM‑compatible, letting developers port Ethereum smart contracts or launch brand‑new dApps using the same 0x addresses.

Founded by Lin Han and developed by the Gate.io team, GateChain’s mission is “asset safety at scale,” achieved through vault‑style accounts, multi‑sig modules, and native token‑burn economics that make GT a deflationary asset over time.

Key Features

• Deflationary Token Burns – Quarterly buy‑back‑and‑burn of GT using 15 % of Gate.io trading revenue; over 151 million GT destroyed to date.

• Ultra‑Low Fees – On‑chain transfers cost ≈ $0.0001, suitable for micro‑payments and high‑volume DeFi.

• 4‑Second Blocks & 2,745 TPS – Fast confirmation times and throughput comparable to top L1 networks.

• EVM Compatibility – Seamless deployment of Solidity contracts and cross‑chain asset movement via the same wallet address.

• Vault Accounts & Rollback – Built‑in vault mechanism with revocable “abnormal” transactions to protect user funds.

• Integrated Exchange Utility – VIP tier upgrades, trading‑fee discounts, early token sales (Startup), and governance voting on Gate.io.

What is the GT Token?

GT is a fixed‑supply ERC‑20‑compatible token (initially 1 billion, now 300 million after burns) that fuels both Gate.io and GateChain. Holders receive:

• Trading Perks – Reduced spot, futures, and lending fees; automatic VIP‑tier escalation.

• Governance & Voting – One GT equals one vote in Gate.io listing polls and GateChain proposals.

• Staking Rewards – Earn GT by validating GateChain blocks or joining delegated PoS pools.

• Early Access & Airdrops – Priority allocation in Startup launches, plus periodic token airdrops.

GT is also the gas token for GateChain transactions and smart‑contract executions.

GT Coin History

• Apr 2019 – Gate.io raises US $64 M via Gate Points; ~1 billion GT distributed to participants.

• 21 Apr 2019 – GT debuts on Gate.io (pairs: GT/USDT, GT/BTC).

• 2 Mar 2020 – GT upgraded to official Gate.io utility token.

• Sep 2020 – Gate.io begins 15 % quarterly revenue buy‑back‑and‑burn programme.

• 2021‑2024 – EVM account type, Startup airdrops > US $120 M, all‑time high $17.6 (2024).

Where to Buy GT

• Primary Exchange: Gate.io

• Secondary Markets: Binance, KuCoin, OKX, HTX (regional availability varies)

Wallets for GateToken

Hardware: Ledger Nano S, Ledger Nano X, SafePal S1. Browser Extensions: MetaMask, OKX Wallet, Coinbase Wallet, Binance Wallet, XDEFI Wallet, SimpleHold. Mobile Multi‑chain: Trust Wallet, TokenPocket, imToken, iToken Wallet, SafePal, Coin98, Wirex, Halo Wallet. Social/On‑Ramp: Torus, Portis, Fortmatic, WalletConnect, Ambire Wallet. All‑in‑One DeFi Hubs: Gate.io on‑chain wallet, OKX Wallet, Coinhub. Pair a Ledger with MetaMask for cold storage; use Trust Wallet or OKX Wallet for on‑the‑go DeFi; leverage Gate.io wallet for trading fee rebates, Startup staking, and PoS delegation