How did Gate.io become one of the world’s largest cryptocurrency exchanges?

photo: Gate.io.

Gate.io was founded in 2013. It is currently one of the world’s longest-running cryptocurrency exchanges. It offers trading services for more than 1,400 digital assets and has more than 10 million users. In this article, we will explore the secrets of Gate.io’s success, including security, an in-depth knowledge of the cryptocurrency market, building the first comprehensive ecosystem of digital assets, customer focus, bold innovations, and global market development. We will consider the most important stages of the evolution of the stock market. We will also see the announcement of the 9th anniversary.

The beginning of Gate.io.

Gate.io cryptocurrency exchange was established in April 2013 in China. This was the official beginning of the well-known cryptocurrency exchange. As a result of dynamic development, the Gate.io exchange has expanded its activities around the world.

GateToken

In March 2020, the local Gatechain mainnet token – WGT – became the official exchange mark under the new name “GateToken”. Since then, GateToken has grown with Gate.io. Initially, GateToken was presented to users as a free gift. Its initial supply is 1 billion. When 0.7 billion tokens were “burned”, 0.3 billion remained in circulation. By implementing repurchase and burn plans, GateToken has become a deflationary asset. As an important part of the Gate.io ecosystem, GateToken offers VIP levels, transaction fees, participation in exclusive activities, and more. can be used for. In the future, Gate.io plans to continue to support the development of GT through new applications that increase its intrinsic value.

More than 100% security

In May 2020, Gate.io became the first major cryptocurrency exchange platform to be certified by an independent accounting firm, Armanino LLP. As a result, a Proof of Reserve report was published showing that the value of Bitcoin stocks managed by Gate.io exceeded the value of liabilities to customers. The ratio of the value of assets to liabilities was 104%.

Gate.io supports startups

In January 2020, Startup Premiere 2.0 was updated to launch an application channel for innovative blockchain projects. The goal of Gate.io Startup is to support technological progress in the blockchain industry through public offerings of high quality projects.

Gate.io Startup IEO has won the sympathy of users thanks to the high IEO (Initial Exchange Offer) income rates of its projects. According to the cryptocurrency rating CryptoRank, on July 25, 2020, Gate.io Startup IEO ranked third in the world for the average profitability of its projects, which at that time was 971.53%. At present, the average yield is 159.98%.

At the same time, Gate.io ranks first in the CER.live rankings in terms of security. Thus, it is the safest cryptocurrency exchange platform in the world.

Gate.io not only funds project teams, but also provides opportunities to collaborate with other projects. The Startup IEO 2.0 update not only provides security for users, but also provides more versatile and flexible services for project teams. The initiators of innovative initiatives can submit applications for their projects, which will then be considered by the exchange.

DeFi and Gate.io Labs ecosystem

In February 2021, the Gate.io exchange launched the DeFi ecosystem and the Labs incubator program. Gate.io Labs aims to provide funding for innovative blockchain projects. Society plays an important role. Projects supported by Gate.io:

  • Exposure to DeFi exchange and credit platform,
  • Ability to get more user support through Gate.io Startup,
  • List on Gate.io,
  • Ability to provide the next stages of funding through Gate.io Laboratories,
  • providing liquidity for projects that have passed security audits.

GateChain provides secure infrastructure, smooth and fast inspection and low payments. It has a unique account mechanism that protects against hack attacks and key loss. Blockchain infrastructure allows for high transaction volumes – up to 2000 TPS. It lays a solid foundation for the DeFi ecosystem and can effectively address the problem of high operating fees. It supports thousands of nodes and makes it a truly decentralized public blockchain.

GateChain supports EVM

As of May 2021, GateChain’s core network officially supports EVM (Ethereum Virtual Machine). GateChain uses a computer and an external interface, so teams can easily execute smart contracts through tools like MetaMask, Remix and others. The GateChain EVM module allows users to perform transactions using smart contracts without migrating between different blockchains.

NFT magic box

Gate.io saw the potential and growing popularity of NFT tokens. These are digital assets with collector value. In June 2021, the NFT Magic Box was officially launched. It is a platform that unites the creators and buyers of unique NFT tokens. He enjoys painting, music, games and more. allows the auction of digital artwork such as.

Gate Ventures

In September 2021, Gate.io launched Gate Ventures, a cryptocurrency venture capital fund that supports enterprises in the early stages of development. Gate Ventures focuses on investing in innovative projects related to decentralized infrastructure, ecosystems and applications. The fund offers finance, operating resources and consulting.

Key areas of interest for Gate Ventures include:

  • technical and financial infrastructure,
  • cryptocurrency ecosystems,
  • new generation applications.

More than 10 million users

The year 2021 was full of important events for the Gate.io exchange. It was the 8th birthday of the stock exchange, the launch of the NFT Magic Box and the cryptocurrency venture capital fund – Gate Ventures. Gate.io also ranks second in the world ranking of cryptocurrency exchanges. It was also named the best stock exchange in the world by Forbes. Last year, the number of newly registered users increased 24 times compared to the previous year. In January 2022, the number of Gate.io users exceeded 10 million worldwide.

Gate.io 9th anniversary

The 9th anniversary of the Gate.io exchange will be celebrated in late May. The attraction of the event will be competitions aimed at users, and you can win numerous prizes. In addition, the Gate.io brand will be significantly updated. More information can be found on the 9th anniversary website of Gate.io.

About Gate.io.

Founded in 2013, Gate.io is one of the oldest leading cryptocurrency exchanges. Gate.io offers many popular digital asset trading services and serves more than 10 million users worldwide. It is consistently ranked as one of the 10 largest cryptocurrency exchanges in CoinGecko in terms of liquidity and trading volume, and has been approved by the Blockchain Transparency Institute (BTI). Gate.io also received a 4.5 rating from Forbes Advisor, making it the best cryptocurrency exchange of 2021. In addition to core exchanges, Gate.io also offers decentralized finance, research and analysis, venture capital investments, portfolio services, and more. also offers other services such as.

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