GateToken

GT

GateToken (GT) is the unique exchange token of Gate.io exchange and the native token to Gatechain public chain.

AboutGT

What is GT

GTIntroduction

Gatechain Website

GT is the native token of Gatechain mainnet. It became 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 purchaser as a free gift, initial supply of 1 billion. With 0.7 billion burned afterward, the current maximum circulation is 0.3 billion. As buyback and burning plans have been implemented, GT is entering into absolute deflation.As an important part of Gate.io ecosystem, GT can be used in VIP tier escalation, trading fee debit, exclusive activities participation and more.Gate.io will also increasingly empower GT with more and more applications and use cases to improve its intrinsic value.

How to get GT

Methods to get GT

Gatechain Website

Gate.io Platform

GT user privileges

Raise Gate.io VIP tier

GT is an important metric in VIP tier escalation

VIP discount
  • GT holding + Volume

    Suit active traders

    Low threshold
  • GT holding

    Suit loyal GT holders

    Medium threshold
  • Meet asset holding

    Suit institutional users

    High threshold

Trading fee debit

Debit trading fee with GT can enjoy a further discount, the higher the tier, the higher the discount.

View more fee off
    Fee 7.5 Off Fee 5.5 Off

    VIP11 or above can enjoy fees exclusive to key accounts with GT debit, Maker fee lowering to -0.01%

    Privileges to participate in Gate.io activities

    Activities exclusive to GT holders are launched from time to time.

    Subscribe

    Other privileges

    Gate.io will advance GT circulation value by many policies

    • Buyback with Gate.io profit
    • PoSMiningLock up
    • As collateral for asset issuance
    • Gas to power Gatechain
    • ...

    GT holder exclusive activities

    Summary of GT Rewards for the First Half of 2020

    35 activities, proving benefits valuing 10,452,431 USDT

    Details

    Gate.io has been offering rewards to our users and catering to their needs. Looking back on the first half of this year, we have held 6 Startup Discount Sales of Mainstream Tokens, 13 Competing Vote Campaigns, 7 Single Listing Votes, 2 Startup IEOs and 7 rounds of Lock-up & Earn of Mainstream Tokens, distributing a total of 10,452,431 USDT to GT holders as rewards. Moreover, there was an 8% annual interest rate for rewards of Startup Discount Sale of Mainstream Token and Votes Airdrop, and a 72% annual interest rate for the rewards of Startup Discount Sale of Mainstream Token and Votes Airdrop and Startup IEO.

    Below is the reward summary for our five major categories: Startup Discount Sales of Mainstream Tokens, Competing Vote Campaigns, Single Listing Votes, Startup IEOs and Lock-up & Earn of Mainstream Tokens. We would like to thank GT users for their continuous trust and support! Looking forward to entering a new GT era, together.

    Startup Discount Sale of Mainstream Tokens Details

    We have held 6 Startup 20%+ Discount Sales of Mainstream Token in the first half of 2020. A total of 1,500,000 USDT worth of Mainstream Tokens were available to GT holders, distributed 300,000 USDT worth of rewards and burnt 1,200,000 USDT worth of GT.

    • Activity Token Total(USDT) Rewards Value(USDT) Burnt Value(USDT)
    • 20% Discount BTC Scale BTC 250,000 50,000 200,000
    • 20% Discount EOS Scale EOS 250,000 50,000 200,000
    • 20% Discount BTC Scale BTC 250,000 50,000 200,000
    • 30% Discount BTC Scale BTC 250,000 75,000 175,000
    • 20% Discount BTC Scale BTC 250,000 50,000 200,000
    • 20% Discount ETH Scale ETH 250,000 50,000 200,000
    • Total 1,500,000 325,000 1,175,000

    Competing Vote Campaign Details

    We have held 13 Competing Vote Campaigns in the first half of 2020. A total of 686,800 USDT worth of listed tokens were available to GT holders. The community showed great interest in the voting activities, surpassing 30,000 participants.

    Gate.io provides users with a variety of trading services for blockchain assets. To empower our community and enable them to participate in the process of listing new coins, Gate.io has implemented a new feature called 'listing vote'.In each competing listing vote, participants can vote for their preferred project amongst the two that are competing. The project with the majority of the votes will be listed on Gate.io. All voters, regardless of which project they voted for, are eligible for an airdrop of the winning project’s token according to the ratio of the total votes that they cast.

    • Activity Airdrop Amount Token Airdrop Value(USDT)
    • #1 OKB vs Hedera Hashgraph 1,500,000 HBAR HBAR 88,500
    • #2 OKB vs Handshake 1,500,000 OKB OKB 33,800
    • #3 Kava vs Reserve Protocol 55,249.5 KAVA KAVA 50,000
    • #4 LBank vs BitMax 782,472.62 BTMX BTMX 50,000
    • #5 LBank vs Ravencoin 2,659,574,46 LBK LBK 50,000
    • #6 Reserve Protocol vs Ravencoin 20,000 GT GT 8,000
    • #7 Reserve Protocol vs Ankr 7,812,600 RSR + 25,000 RSV RSR/RSV 100,000
    • #8 STPT vs Ankr 32,258,064.52 ANKR ANKR 50,000
    • #9 Hive vs Steem 30,000 GT GT 13,500
    • #10 Coti vs STPT 2,577,319.59 COTI COTI 67,000
    • #11 Raven Classic vs STPT 16,666,666.67 RVC RVC 30,000
    • #12 Cartesi vs Solana 83,836.36 SOL SOL 66,000
    • #13 Ocean vs Travala.com 724,637.69 OCEAN OCEAN 80,000
    • Total 686,800

    Single Listing Vote Details

    We have held 7 Single Listing Votes in the first half of 2020. A total of 169,000 USDT worth of listed tokens was provided for users. Users were enthusiastic about the votes, and consequently, there were altogether over 13,000 users participating.

    Gate.io provides users with a variety of blockchain assets trading services. To involve a higher number of users in the process of expanding our list of coins, Gate.io has implemented a new feature called "single listing vote", offering even more opportunities to launch high-quality projects.In each single listing vote, participants can vote for the project. In every single listing vote, the tokens of the project will be listed on Gate.io. All voters have a chance to win an airdrop of the project token according to the ratio of the votes they contributed to the number of votes in total.

    • Activity Airdrop Amount Token Airdrop Value(USDT)
    • #1 Klaytn 200,000 KLAY KLAY 21,000
    • Voting to Enable the Trading Service of NAX/USDT 10,000,000 NAX NAX 20,000
    • #2 Arweave 10,000 AR AR 16,500
    • #3 Compound 50 COMP COMP 12,500
    • #4 Polkadot 100 DOT IOU DOT IOU 14,000
    • #5 Cartesi 1,000,000 CTSI CTSI 60,000
    • #6 Kusama 2,000 KSM KSM 25,000
    • Total 169,000

    Startup IEO Details

    Gate.io’s Startup IEO has won the favor of the community ever since its launch with an excellent performance of average IEO returns. According to CryptoRank, a crypto-rating website, the yield rate of Gate.io’s Startup IEO projects ranks third in the world as of July 25th, 2020, with the highest yield rate being 971.53% and a current average yield rate of 159.98%.

    We have held 2 Startup IEOs in the first half of 2020. A total of 8,009,940 USDT profits (currently) has been reaped by the participants, with an annual interest rate of up to 64%.

    Currently, we are actively seeking cooperation with hundreds of professional teams around the world in an attempt to provide more Vote and Startup IEO campaigns of high quality projects. Please stay tuned!

    *Note: annual interest rate is calculated based on an average of 50,000,000 GT participating each event, with an average price of 0.5 USDT.

    • Activity Amount Cost(USDT) Average Token Distributed Per User Profits(USDT)
    • INITIAL【KAI】KardiaChain 750,000,000 KAI 1,080,000 310,816.41 KAI 7,408,500
    • INITIAL【MTRG】Meter 1,200,000 MTRG 600,000 534.28 MTRG 601,440
    • Total Profits(USDT): 8,009,940
    • Annual Interest Rate: 64%

    Lock-up & Earn of Mainstream Tokens Details

    We have held 7 rounds of the 7th-Anniversary Lock-up & Earn of Mainstream Tokens in the first half of 2020. Positions are valued at a total of over 10,000,000 USDT, with an annual interest rate of 10%, and a total of 86,691.10 USDT profits have been distributed to the participants.

    Gate.io VIPs and GT holders have special privileges in this event. During the first 10 minutes of the event, users need to be VIP 3 and above to participate. The purchase limit is calculated taking into consideration the users GT holdings. After the first 10 minutes of the event, there are no VIP or GT holding requirements for participants. Please note, however, that the available positions can be taken within the first 10 minutes.

    Gate.io will keep improving and providing better services to all of our users in the second half of 2020. GT holders are welcome to submit tickets with feedback and ideas on GT’s development and features they’d like to see implemented!

    • Activity Quantity QuantityValue(USDT) Annual Interest Rate Interest Interest Worth(USDT)
    • BTC Lock-up & Earn(30 days) 200 1,755,428 10% 1.67 BTC 15,227.68
    • ETH Lock-up & Earn(30 days) 5,000 995,300 10% 41.67 ETH 10,007.92
    • EOS Lock-up & Earn(30 days) 500,000 1,261,250 10% 4,166.67 EOS 10,829.58
    • BTC Lock-up & Earn(30 days) 200 1,902,922 10% 1.67 BTC 15,516.63
    • ETH Lock-up & Earn(30 days) 5,000 1,041,000 10% 41.67 ETH 9,566.25
    • EOS Lock-up & Earn(30 days) 500,000 1,347,900 10% 4166.67 EOS 10,066.67
    • BTC Lock-up & Earn(30 days) 200 1,976,864 10% 1.67 BTC 15,476.37
    • Total 10,280,664 Total 86,691.10

    GT circulation dashboard

    Circulation statistics

    The following data is about the circulating supply of GT.

    click here to check out the details
    • Total supply: 300,000,000
    • Amount of tokens burned: 111,741,999.4548
    • Current circulating supply: 188,258,000.5452
      Current circulating supply = total supply-burned amount
    • Actual circulating supply:158,258,000.5452
      Actual circulating supply = current circ.supply-stored amount
    • Stored amount:30,000,000
      includes:GT Safety and Law Fund: 30,000,000 click here to check out the details

    Burn records

    GT has entered into burning and absolute  deflation mode.

    click here to check out the details

    Until August 6, 2020, Gate.io has burned 0.11174 billion GT by startup sale, voting, and collateral and uncirculated coin burning. Starting from September 1, 2020, Gate.io is going to use 15% of its operation profits from crypto to crypto trading, margin trading and futures trading (and coming trading products ) to buyback GT from market and burn publicly; and another 5% to buy back GT for development, market and ecosystem use, which will not enter into circulation any longer. The total buyback is going to account for 20% of our profit, which may be adjusted upward or downward every 4 years according to market condition and outlook. GT has entered into absolute deflation.

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