The information about the Gate (GT) token is as follows: GateToken (GT) is an ERC-20 token launched on the Ethereum blockchain, serving as the native utility token of the Gate.io ecosystem, a prominent cryptocurrency exchange, and its associated GateChain public blockchain. GT was officially adopted as the platform’s token on March 2, 2020, with its origins tracing back to 2019 when GateChain was introduced by Gate.io, a company founded in 2013 by a team including Aurélien Menant, a former investment banker turned blockchain advocate. Unlike many tokens, GT’s launch was notable for not involving an initial coin offering (ICO), private sale, or institutional funding, emphasizing a fair distribution model. The total supply of GT is capped at 300 million tokens, with a portion already burned through a buyback-and-burn mechanism implemented by Gate.io to enhance scarcity over time.

GT’s primary role is multifaceted within the Gate.io and GateChain ecosystems. On the GateChain, a high-performance, EVM-compatible blockchain focused on asset safety and decentralized trading, GT is used to pay transaction fees, including gas fees for smart contract execution and decentralized application (dApp) interactions. GateChain, launched in 2018, boasts features like Vault Accounts for asset recovery in case of private key loss and a Proof-of-Stake (PoS) consensus mechanism, where GT holders can stake their tokens to secure the network and earn rewards. The blockchain supports Ethereum-compatible smart contracts, allowing developers to port dApps seamlessly, and offers low transaction fees and a capacity of up to 2,745 transactions per second. Posts on X and web sources highlight its innovative security features, such as revocable transactions and on-chain safety accounts, aimed at addressing theft and key loss issues.

Within the Gate.io exchange, GT provides practical benefits to holders, including trading fee discounts (up to 28% when combined with VIP tiers), access to exclusive events, and participation in token sales via the Launchpool. It also supports VIP tier escalation, with levels up to 14 unlocking zero-fee trading privileges. Beyond the exchange, GT integrates into GateChain’s DeFi offerings, such as staking, liquidity pools, and yield farming through platforms like HipoSwap, a decentralized exchange (DEX) on GateChain. The token facilitates cross-chain functionality via GateBridge, enabling asset transfers across EVM-compatible blockchains like Ethereum, Binance Smart Chain, and Polygon. Its utility extends to asset issuance, allowing users to create and manage their own digital tokens on the network, and to NFT minting with no fees via tools like Magic Box, fostering a creator-friendly environment. GT’s deep integration into this ecosystem underscores its role as a cornerstone of Gate.io’s vision for secure, efficient digital asset management and trading.