GateChain’s ecosystem offers secure, efficient, decentralized digital asset storage and distribution. It also allows cross-chain token exchanges and digital asset swaps. The platform can be used to recover stolen assets or lost keys. Developers can create apps that meet different needs.
GateToken (GT), the native token for the GateChain blockchain and unique token of Gate.io’s centralized cryptocurrency exchange, is GateToken. GT powers the platform and pays for transactions on the GateChain network. It facilitates liquidity between crypto currencies.
Get the latest price of GateToken, current chart and 24-hour trading volume. Also, get updated on GT price real time data. CoinStatsIt is one of the top crypto platforms.
For more details about GateChain and GateToken, please read the following. In just a few steps, you can learn how to purchase GateToken.
Let’s get right to it!
GateChain Ecosystem
GateChain, a decentralized public blockchain that focuses on asset security and trading, is called GateChain. GateChain’s enterprise-grade multi-signature Vault Account is one of GateChain’s unique features, designed for managing abnormal transactions. Vault accounts can be customized with time-delay recovery options and are intended to provide blockchain asset safety, even after the private keys have been compromised.
GateChain EVM (Ethernet Virtual Machine) is a GateChain-based module that supports smart contracts and allows developers to create decentralized apps (DApps), on the GateChain network.
GateBridge, a multi-chain trading platform acts as an asset broker between EVM-based Blockchains. This platform allows cross-chain token swaps that are fast and secure with very low transaction fees.
HipoSwap (cross-chain, decentralized exchange) and an automated market maker protocol (AMM), are both available on GateChain. Users can easily switch between various platforms or chains, receive liquidity and rewards through transaction fee distribution. They also have the ability to stake LP tokens and get even more rewards.
HipoDeFi is the one-stop shop for all your decentralized finance (DeFi) needs, allowing users to ‘buy’ everything related to their trading activities, such as exchange ratios, interest rates, loans, and yield comparisons. You can access new opportunities to invest and it will provide real-time information for all DeFi projects.
GateChain was also launched The NFT Magic BoxIn 2021, a NFT market with no minting fees will be available at.
Gate.ioForbes has selected it as one the most popular cryptocurrency exchanges in 202. This exchange focuses on trading crypto-tocrypto. Gate.ioIt offers over 400 currencies in 180 languages, as well as low trading fees and advanced services like a world-leading Initial Exchange Offering (IEO) platform and a Futures marketplace for margin trading. This Futures market allows you to trade margin with 10x leverage. Perpetual contracts trading is available. You can also borrow, lend, loan, or participate in the period investment plan.
What is GateToken (GT), and How Does It Work?
GateToken also referred to asGT, is the GateChain mainnet’s native utility token and the exchange token of Gate.io since March 2, 2020.
GT tokens are used to pay transaction fees and other costs associated with the network. GateToken owners get special offers, discounted token purchase, spot trading, future trading, crypto lending, airdrops, as well as other benefits on Gate.io. A convenient trading environment is available, with fast transactions and minimal fees.
GT tokens can be used to deploy smart contracts on the network. GateTokens are also used in the GateChain Delegated Proof-of-Stake (DPoS) consensus mechanism – GateToken (GT) holders can lock up their funds to earn staking rewards and secure the network.
GateToken holders may vote on projects that are listed at Gate.io.
A buyback and burn mechanism also means the GT token can have deflationary characteristics.
GateToken Use Cases
As an essential part of the Gate.io ecosystem, the GateToken has the following use cases:
- VIP Tier Escalation
GT allows users to raise their VIP levels to receive exclusive benefits.
- Intrinsic Value of Investment
Gate.io aims to increase the GT token’s use cases and applications to improve its intrinsic investment value.
- Payment Method
GateToken can also be used to pay fees for trading on Gate.io. This allows users to get discounts based upon transaction volume.
- Exclusive Activities Participation
GateToken holders can access several highly-publicized events including voting campaigns, live mainstreams and discount sales.
GateToken Purchase Location
GateToken can be purchased via several cryptocurrency exchanges, just as any other cryptocurrency.
Below we’ll look into the top 3 exchanges where you can buy GateToken (GT) with a credit card, debit card, or Bitcoin (BTC).
Gate.io
Gate.io, which was launched in 2013, has become a reliable and trusted platform for trading with more than 10 million users. GateToken (GT), a variety of digital assets are supported and the exchange is frequently first to introduce new tokens.
The interface is simple to use and includes advanced charts that can be used by technical traders.
Huobi Global
Huobi Global is one of the world’s largest exchanges, with an accumulated trading volume of $1 trillion. The exchange supports a large number of trading pairs as well as cryptocurrencies including GateToken (GT).
Huobi Global has over 5,000,000 users across 130 countries.
FTX
FTX is a centralized crypto exchange that specializes on derivatives and leveraged product. It was established in 2018, and provides spot markets for over 100 crypto trading pairs.
FTX provides a user-friendly platform that can be used on desktop or mobile. It offers multiple order types such as options, volatility products and derivatives. Both professionals and novice traders can use the trading tools offered by the exchange.
Four Steps to Purchase GateToken
Here’s our step-by-step guide on buying Gatetoken to help you get started:
Step 1: Select a Cryptocurrency exchange
You’ll have to compare cryptocurrency exchanges to choose the one that supports GateToken and has the features you want, such as low transaction fees, an easy-to-use platform, and 24-hour customer support. Consider whether the exchange supports GT purchase with other payment options, like credit cards or debit cards or bank transfers, as well as your choice of fiat currencies.
Most importantly, ensure it’s a reputable, regulated, and secure platform.
Step 2: Open an account
After choosing the best exchange for you, it’s time to register an account. For an account to be created, you will need to provide valid e-mail address. You will receive a link to confirm your email. To complete KYC verification, many exchanges will ask you for a document such as a passport or a current photograph. Once you have completed your KYC your account will be activated and you can start trading GateToken or other cryptocurrency on the exchange.
It’s advisable to enable two-factor authentication (2FA) to keep your funds safe once you’ve verified your identity. By sending a text security code to your cell phone, SMS two-factor authentication verifies your identity.
Step 3: Deposit the funds
You must first add funds to your bank account in order to purchase GateToken or other cryptocurrency. There are several ways to deposit funds depending on what exchange. You may use a bank transfer, wire transfer, debit card or credit card. It’s important to choose an affordable and convenient method.
Note that not all crypto-exchanges allow you to trade without a minimum amount.
Step #4: Purchase GateToken
First, buy Bitcoin. LocalBitcoins will help you locate BTC/ETH sellers that are willing to accept your payment method. They can also be bought through Coinbase accounts or Binance accounts. Once you have purchased them, transfer your USDT or ETH to an Exchange that supports GateToken.
It is easy to swap BTC for GateTokens. On the “Markets” page, search for GT and select a trading pair (GT/BTC, etc.). If you would like to place limit orders, enter the BTC amount you are looking to purchase GT and the GT token price. A market order can be placed to purchase GateToken at its current market price. Once you click “buy,” the order will be executed instantly, and the tokens will reflect in your crypto wallet.
Check the latest to get started GateToken price!
GateToken Store
Once you’ve completed your GateToken purchase, the next step is to select a secure wallet to store your coins securely. A private wallet should be created with your personal keys. Your GT can be stored in a variety of cryptocurrency wallets such as:
- Software Wallet
Because they can be connected to the Internet, these are known as hot wallets. Software wallets are flexible and easy to use. Software wallets are the easiest to set up and allow you to interact with many decentralized finance (DeFi), applications.
However, these wallets are vulnerable to security leaks because they’re hosted online—like your bank accounts. You should do some research to ensure that you don’t have security concerns when choosing software wallets to store your private keys. As an additional layer of security, we recommend that you use a platform with 2-factor authentication.
Software wallets can be downloaded online free of charge. CoinStats WalletOne of the safest software wallets. It helps you store your GT and other assets safely and monitor your assets’ growth in real-time. Trust Wallet, Metamask and others are other software wallets. The Coinbase wallet is also available in mobile apps and as an extension to your browser.
- Hardware wallet
Hardware wallets are devices that store the private keys needed to send or receive crypto. Because they provide offline storage and significantly reduce the risk of hacking, hardware wallets are often considered to be the best way to protect your crypto assets. The pin secures the wallet and erases all information after failed attempts. This prevents physical theft. You can also sign and verify transactions using a hardware wallet, which gives you extra protection from cyberattacks.
For investors who are looking for a long-term investment strategy, hardware wallets can be a good choice.
Ledger Nano X (or Ledger Nano X) are two of the most secure hardware wallets, allowing you to manage Gnosis tokens securely.
GateToken: How do you sell it?
Your GT can be easily sold on the exact same trading platform where you bought them.
- Log in to your exchange account if you already have GT.
You can compare cryptocurrency exchanges to find the best place to sell your GT if you’ve kept it in a digital wallet.
- You can place a sale order.
Determine the GT that you wish to sell, and place a sale order.
- Confirm your transaction.
To complete the GT sale, confirm the price and any fees.
Crypto Portfolio Tracker
crypto portfolio trackerThis tool is essential to help you keep track of your cryptocurrency investments in just a few clicks. You can integrate the best crypto portfolio trackers with your exchange and crypto wallet accounts. This will allow you to keep your assets together and show how much your portfolio is worth.
Source: CoinStats
CoinStatsIt is one of the most popular crypto portfolio trackers on the market. You can track all of your DeFi and NFTs and manage them from one place. Information about the best crypto portfolio trackers can be found here Click here.
Closing Thoughts
GateToken, or GT (GateChain token), is a key player in the GateChain ecosystem. Gate.io relies on its market position to gradually expand GT’s scope and increase its intrinsic value. GT Holders can currently upgrade their VIP level, take processing fees off, or participate in bonus programs.
GateToken GT can be a worthwhile investment.
GateToken’s long-term forecasts show that GT is capable of earning a lot. With a growing market capitalization, volume, and significant traction since being used as the GateToken’s base token in the Gate.io ecosystem of 2020, it continues to grow.
Use the following tool to help you calculate crypto profit and loss. CoinStats‘ Crypto Investment Calculator.
You’re welcome to visit our CoinStats blog to discover more about DeFi’s tectonic shift in the finance sector and how decentralized finance empowers people with our article What is DeFi?.
Our detailed buying guides for various cryptocurrency can be found here. How to Buy Polygon, How to Purchase CryptocurrencyLearn more at Exchanges and wallets, portfolio trackers, etc.
Investor Advice Disclaimer: Information on this site is intended to be informative only and not to make recommendations to purchase, sell or hold securities or financial products or instruments. It also does not provide investment advice, financial advice or trading advice. This information does not constitute an endorsement or recommendation of any cryptocurrency provider, offering, or service.
The market for cryptocurrency can be volatile and subject to secondary activity. Do your research, get your own advice and invest only what you are able to afford to lose. There are significant risks when trading stocks and CFDs. CFDs can result in losses between 74-89% for retail investors accounts. Before making an investment, you should carefully consider your situation and seek advice. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant regulators’ websites before making any decision.
GateToken performance is not predictable.