GateToken

GateChain is a next-generation public blockchain developed by Gate.io, focusing on solving critical challenges in the blockchain space, such as asset safety, theft prevention, and private key loss. Officially launched in 2019, GateChain combines decentralised technology with unique security mechanisms like Vault Accounts and revocable transactions. Its ecosystem includes the GateChain mainnet, decentralised exchange (DEX), wallets, and GateToken (GT), providing a comprehensive infrastructure for secure and efficient digital asset management.

Key features of GateChain include:

• Vault Accounts: A novel account type that allows for revocable transactions and recovery of private keys, ensuring enhanced safety for stored funds.
• Normal Accounts: Standard accounts for daily transactions with instant transfers that are irreversible upon confirmation.
• PoS Consensus Mechanism: GateChain employs a Proof-of-Stake model, rewarding participants with GT for helping secure the network.
• Asset Issuance: Users can issue custom tokens for digitalising and managing assets.
• EVM Compatibility: GateChain supports Ethereum-compatible smart contracts, enabling seamless deployment of decentralised finance (DeFi) applications.

GateChain wallets are available in multiple formats, including mobile, desktop, and hardware options, catering to personal and professional use cases. The ecosystem's unique security features, combined with its ability to support Ethereum-compatible smart contracts, position it as a robust platform for digital asset innovation.

GateToken (GT) is the native utility token of the GateChain ecosystem and an integral part of its operations. Initially launched in March 2019, GT powers the network by acting as the primary medium for transaction fees, staking rewards, and other activities within the GateChain environment. GT also extends its utility to the Gate.io exchange, offering additional benefits to users.