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GateToken GT Releases 2023 Q2 Burn Report, Prepares for Ramped-Up Development

The live GateToken price today is $5.21 USD with a 24-hour trading volume of $1,248,975 USD. The current CoinMarketCap ranking is #109, with a live market cap of $516,333,344 USD. 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.

After a successful fund deposit, you are all prepared to buy a GT token, but you can’t purchase the coin directly. You should first buy Bitcoin or any other digital asset for trading purposes and this can be done using LocalBitcoins to search BTC or ETH sellers who allow the preferred payment method. You can then swap the purchased coin for GT which can be further stored in software and hardware wallets. You can use CoinStats Wallet, Metamask, Trust Wallet, Ledger Nano S, and Ledger Nano X. You can choose any of the exchanges based on your accessibility and compatibility, considering your preferred payment method, transaction fees, and easy-user interface.

  • Decentralized trading and cross-chain transfers will also be supported, alongside other core features.
  • It has recovered since then and, at the time of writing on 28 October, GT was trading at $4.49 and was up 6% in the past 30 days.
  • The token can be purchased from leading crypto exchanges including Hotcoin Global, LBank, HTX, HitBTC,, KuCoin, and others.
  • GateChain is also compatible with the Ethereum Virtual Machine (EVM).
  • aims to increase the GT token’s use cases and applications to improve its intrinsic investment value.
  • Halving happens every 210,000 blocks mined, or about every four years, with the most recent one occurring on May 11, 2020.

After 4 years of research and development, we have successfully built GateChain into a high-speed blockchain that can support high-frequency smart contract transactions. Gatetoken is the native cryptocurrency of the GateChain network and cryptocurrency exchange. Its primary use is as a payment for transaction fees and to reward stakers. As such, analysts and algorithm-based forecasters can and do get their predictions wrong. The GateToken provides benefits such as zero commission rates per transaction fee and superfast processing times.

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Other components of the GateChain ecosystem include its own decentralised exchange (DEX), multi-signature wallets, and payment provider. As of July 14, 2022, GateChain has over 49,543 addresses, with a total transaction of 1,829,470. You can get the real-time information about GatChain on its official website ( However, the token has uses inside the ecosystem such as holding and earning, votes, buyback programs, trading fee discounts, and gas payments. Since it’s a native currency for the exchange, the token cannot be mined as in the case of other cryptocurrencies such as Bitcoin.

The token holders are allowed to enjoy the VIP level upgrades and participation in welfare activities. Apart from this, GateChain also permits users to issue their own tokens to digitize their assets. GT’s total supply is 300 Million GT and the circulating supply is 94,911,021 GT. GateChain Ethereum Virtual Machine or GateChain EVM is based on smart contract support, allowing developers to build and deploy decentralized applications (DApps).

GateToken price GT

4)Optimize API debug_traceTransaction,it will support debug to execute failed transactions. 4) The EVM module adds the function of one-click extraction of reward on all consensus nodes. Meanwhile, any easing of monetary policy in 2024, Kelly said, could provide a further boost for crypto. As of June 2, 2022, has burnt over 151 million GTs through Startups, list request voting, burning of coin collateral, andburning of uncirculated GTs.

All About GateChain, The Next-Generation Public Blockchain

The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. At the time of writing, CoinCodex’s GT price prediction said there was bullish sentiment with 21 out of 26 technical indicators signalling “buy”. Despite falling slightly from this high, gatetoken maintained its price above the $5 barrier for the first quarter of 2022. But, it proved vulnerable to the crypto crash of May 2022 and stooped to $3.35 on 18 June. The cryptocurrency continued falling over the coming months and into the following year. It then fluctuated around the $0.50 level for the rest of the year.

GateToken (GT) Releases 2023 Q2 Burn Report, Prepares for Ramped-Up Development

The current price of GT is $3.80, a decline of 1.21% with a market cap of $360 Million. Currently, GT is on a quarterly buyback and burn schedule, where a certain number of tokens are manually purchased and removed from circulation. Over 160 million tokens have been burned through this process since 2019.

Since the launch of the GateChian mainnet, the PoS output is much larger than the GT burnt, and the total amount of GT is in deflation. There was no ICO, no private placement, and no institutional investment in GT’s launch. Explore altcoins commonly held by Gate investors and discover new opportunities. Check out CoinMarketCap’s educational portal to get the latest news and insights. 3) Optimized the loyalty coefficient growth plan after the consensus node is selected by the committee, making it more in line with expectations.

About GateToken

1.GateChain consensus version will be upgraded  to v1.1.0.All nodes participating in the consensus need to upgrade node binary. GateChain consensus version will be upgraded to v1.1.3.All nodes participating in the consensus need to upgrade node binary. GateChain consensus version will be upgraded to v1.1.4.All nodes participating in the consensus need to upgrade node binary. Historical trends indicate bitcoin is on pace to blow past record highs and hit $100,000 by 2025, a blockchain executive said.

GT can be used as a means of payment for trading fees on the platform. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Separate from the halving event, recent speculation about whether the Securities and Exchange Commission will approve a spot bitcoin ETF has fueled bullish sentiment. He added that the world’s biggest crypto by market cap had also experienced sharp rallies leading up to halving events. The exec pointed out that one year after the 2012, 2016, and 2020 halvings, the price of bitcoin was up 8,069%, 284%, and 559%, respectively. Whether you should invest in GT is a question that you will have to answer for yourself.






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