GateChain is the gateway todecentralized security. This blockchainis dedicated to the safety of funds in its capacity as a decentralizedexchange. The price of the Gatechain Token price is trending at $0.439044.
GateChain facilitates a secureaccount, thereby protecting the on-chain assets from thieves. This is a high-speed blockchain providing1-second block and instant block finality. The fund recovery is customizable based on factors like time anddelay. Recovery of online assets afterthe loss of private keys is facilitated.
Being a decentralized exchange,it facilitates real-time order placing and matching. The proof of stake provides benefits to theholders with a low inflation rate, and it consumes less energy. The cross-chain facilitates secure blockchaintoken issuing and due chain transfer.
The GateChain Ecosystem is madeup of personal wallets, enterprise-based multi-sign wallets, and hardwarewallets and exchanges.
GateChain Token GT is the nativetoken of the Gatechain main net. It is mainly used to pay for the transactiongas on the Gatechain Mainnet. Therewards are facilitated using PoS mining. GT is a part of the Gate.io ecosystem.
The GT distribution started in2019 Q2, Testnet in 2019 Q3, 2019 Q4 mainnet, 2019 Q4 decentralized exchange,2020 – network optimization, safe account transaction optimization, safeaccounts multi-sign transactions, and anonymity, 2021 – More nodes andgovernance mechanism for autonomous evolution, layer 2, shedding.
Sydney Ifergan, The crypto Expert, tweeted: "GateChain Token GT is moving ahead strategically in a systematic manner. We hope to see them grow and facilitate improved use cases for the decentralized crypto space."
Gatechain consists of an onchain-safety account feature, which is used to protect the funds fromthieves. It consists of a new kind ofcustomizable-time-delay-recovery mechanism which is used to recover funds inthe destroyed private keys. Thedecentralized exchange and the high-speed blockchain supports the Gatechain.
GT is created in a way to reach 1billion tokens after ten years. About 30 million will be distributed to gate.iousers in reward. About 200 million isused for the development of an extended-release in 10 years after a lockingperiod of 12 months. The 100 million formarketing is used for the development of an extended-release in 10 years aftera locking period of 12 months. The 200million for the Ecosystem is used for the development of an extended-release in10 years after a locking period of 12 months. The 200 million for PoS rewardsfacilitate a 2.5% average annual inflation rate.
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