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| Gatechain Token 
| #GT
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| GT Price: | $4.29 | | Volume: | $2.4 M | | All Time High: | $13.14 | | Market Cap: | $0.6 B |
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| Circulating Supply: | 145,377,817 |
| Exchanges: | 7
| | Total Supply: | 300,000,000 |
| Markets: | 9
| | Max Supply: | — |
| Pairs: | 8
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The price of #GT today is $4.29 USD.
The lowest GT price for this period was $0, the highest was $4.29, and the current live price for one GT coin is $4.29321.
The all-time high GT coin price was $13.14.
Use our custom price calculator to see the hypothetical price of GT with market cap of ETH or other crypto coins. |
The code for Gatechain Token is #GT.
Gatechain Token is 2 years old. |
The current market capitalization for Gatechain Token is $624,137,153.
Gatechain Token is ranked #63 out of all coins, by market cap (and other factors). |
There is a big daily trading volume on #GT.
Today's 24-hour trading volume across all exchanges for Gatechain Token is $2,421,192. |
| The circulating supply of GT is 145,377,817 coins, which is 48% of the total coin supply. |
| Note that there are multiple coins that share the code #GT, and you can view them on our GT disambiguation page. |
Join the GateChain & BitKeep Marathon Month, Win $3200 GT and xHashtag Swags!
(Source: GateChain) Greetings GateChain Community members, Participate in the GateChain & BitKeep Marathon Month consisting of multiple activities and win exciting GT rewards! GateChain and BitKeep have reached a strategic cooperation. Through the support provided, BitKeep will offer GateChain (GT) to users with a convenient means for token transaction, DApp ecosystem participation, Defi projects access and more. Users will now be able to participate in related projects and trade through BitKeep. xHashtag, a Web3 protocol providing on-chain credentials for Future Of Work, as an ecological member of GateChain, will be a sponsor and provides #SoulSwags in this community event. — Three Phases of GateChain & BitKeep Marathon Month - There will be a set of three tasks that the participants will need to perform, one of them being off-chain and others on-chain. For each of these tasks, the user can claim a unique #SoulSwag provided by xHashtag as a proof of achievement. Participants who took part in this marathon event and secured the #SoulSwags in phase1 will have the opportunity to get the random airdrops from a pool of $1000 worth of GT(Gate Tokens) provided by GateChain. The more phases that you participate in, the higher the opportunity to receive the random airdrop rewards. The random $1000 GT airdrop rewards will be airdropped to the user’s Gate.io UID, therefore phase1 is mandatory. — Phase1. Off-chain Tasks - Duration: 14.09.2022 5pm — 20.09.2022 5pm（GMT+8) Participation link: gleam.io — Tasks. — Follow BitKeep Twitter -> twitter.com, Follow GateChain Twitter -> twitter.com, Follow Gate.io Twitter -> twitter.com, Join GateChain Telegram -> t.me, Join Hipo Telegram -> t.me, Join xHashtag Telegram -> t.me, Fill BitKeep Wallet Address on GateChain:, Fill the Gate.io UID (The rewards will be distributed to your Gate.io UID account.):, Tweet with #BitKeep, #GateChain, #Gate.io and #xHashtag, Share this event with friends, All the participants of phase1 will receive the following guaranteed rewards: All the participants in phase1 would be eligible to claim #SoulSwag NFT badges provided by xHashtag., *Top 20 referrals would be eligible to share a $200 GT reward pool. The rewards will be distributed to your Gate.io UID account., Note: A #SoulSwag NFT badge is a proof of your achievement in this activity phase, which cannot be traded. — Phase2. GT Trading Competition - Duration: 21.09.2022 5pm — 29.09.2022 5pm (GMT+8) — Tasks. — Trade (buy or sell) at least $50 GT in BitKeep Swap., One account address is only valid for one time., All the participants of the phase2 will receive the following guaranteed rewards: Top 1–10 users in the trading ranking will share the $1000 GT reward., Top 11–20 users in the trading ranking will share the $500 GT reward., Each of the Top20 users would be eligible to claim a #SoulSwag NFT badge provided by xHashtag., Note: A #SoulSwag NFT badge is a proof of your achievement in this activity phase, which can not be traded. — Phase3. GT Deposit & Holding Competition - Duration: 30.09.2022 5pm — 07.10.2022 5pm (GMT+8) — Tasks. — Create a new BitKeep wallet address., Hold at least $100 GT in your new BitKeep wallet address., All the participants of phase3 will receive the following guaranteed rewards: According to the GT holding position ranking in BitKeep wallet, the top 20 users will share the $500 GT., All the participants who hold at least $100 GT in phase3 would be eligible to claim #SoulSwag NFT badges provided by xHashtag., Note: A #SoulSwag NFT badge is a proof of your achievement in this activity phase, which can not be traded. — Phase4. Random Airdrop - Users who have participated in this marathon event and have claimed the phase1 #SoulSwag has the opportunity to get the random airdrop from GateChain. The random $1000 GT airdrop rewards will be airdropped to the user’s Gate.io UID, therefore phase1 is mandatory. — About GateChain - GateChain is a next-generation public blockchain, focused on on-chain asset safety and decentralized trading. With a uniquely designed Vault Account, primed for handling abnormal transactions, GateChain presents an extraordinary clearing mechanism, tackling the challenges of asset theft and private key loss. decentralized trading and cross-chain transfers will also be supported, alongside other core features. Website | Twitter | Telegram | Discord | Medium — About BitKeep - BitKeep is the top decentralized multi-chain digital wallet in Asia, integrating Wallet, Swap, NFT Market, DApp and Discover in a single location. With a user base of nearly five million across 168 countries and regions, BitKeep forges strategic partnerships with multiple top mainnets (including Polygon, Solana, BSC, ETH, HECO, OKChain, TRON, Fantom, WAX, IOST, AVAX, zkSync), becoming their authorized wallet. With 55+ mainnets, 10,000+ DApps, 1,000,000+ NFTs and 220,000+ tokens supported, BitKeep is dedicated to creating the world’s largest Web3.0 gateway. Website | Twitter | Discord | Telegram | Facebook | Instagram | Youtube — About xHashtag - xHashtag is a Web3 protocol providing on-chain credentials for Future Of Work. Using reputation credentials, brands can dynamically assemble skilled liquid teams while users are able to build their Web3 reputation and earn in exchange for creating value. Twitter | Telegram | Telegram Announcements | Discord | Website
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GateChain Monthly Report — 2022.August
GateChain Monthly Report — 2022.August - — 1.Technology & Product Update - — 2.Ecological Construction - — 2.1 HipoNFT Launch Notice. — On the occasion of GateChain‘s second anniversary, we solemnly announce to the global community members that HipoNFT, the native decentralized NFT trading platform based on GateChain, will be officially launched soon! HipoNFT is a decentralized NFT trading platform with low gas fee and high TPS built on GateChain. It aims to help users to enter the Web3 world quickly with low cost. On HipoNFT, you can easily buy and trade NFT; you can also create and sell your NFT works at low cost. HipoNFT welcomes high-quality NFT projects around the world. Outstanding artists and creators are welcomed to join the community and become our partners. Let’s build a bright future for HipoNFT together. Contact us: hipodefi@hipo.com — 2.2 Hipo.com UI update. — Hipo DeFi’s official website ushered in a new UI upgrade in August. We updated the overall brand color and the UX design of the GateBridge page. The adjustment of more saturated colors and rounded corners is to express the characteristics of Hipo products of asset safety, ease of use, and efficiency. There are still some pages that are still being upgraded and developed, and the fully upgraded Hipo will be more complete and better to use. We can’t wait to provide a better DeFi tool in GateChain!(Source: GateChain) — 2.3 HipoSwap. — Hipo Swap is a Swap protocol on HipoDefi. Currently, it has three functions: Profession swap, Quick swap, and Gateswap liquidity. Profession swap and quick swap are exchange tools provided for transactions between different tokens. The difference is that professional swap can display a specific price trend chart, while quick swap omits this process and directly adopts the optimal exchange path. Hiposwap currently supports token exchange on seven Layer 1 networks of Ethereum, GateChain, BSC, Polygon, Heco, Arbitrum, and Avalanche. Gateswap is an automated liquidity protocol where each Gateswap smart contract (or pair of contracts) manages a liquidity pool consisting of a reserve of two erc-20 tokens. Anyone can become a Pool’s Liquidity Provider (LP) by adding the equivalent value of each base token in exchange for pool tokens. These tokens track a prorated LP share of the total reserve and can withdraw the underlying asset at any time. Click here to know more about HipoSwap.(Source: GateChain) — 2.4 GateChain Ecosystem Update in August. — 2.4.1 GateChain announced the partnership with DotOracle GateChain announced the partnership with DotOracle, a public blockchain dedicated to blockchain assets safety and decentralization. Dot.Oracle aims to launch the first decentralized oracle and multi-chain bridge on the Gate ecosystem. Dot.Oracle official website: dotoracle.network(Source: GateChain) 2.4.2 BitKeep, a top decentralized multi-chain digital wallet, is live on GateChain! BitKeep has added GateChain (GT) to the list of supported main-nets. Through the support provided, BitKeep will offer GateChain (GT) users with a convenient means for token transaction, DApp ecosystem participation, Defi projects access and more. Users will now be able to participate in related projects and trade through BitKeep. At the same time, BitKeep will support more projects from GateChain (GT), representing the main-net in its full glory. In the future, the partnership between GateChain (GT) and BitKeep will certainly go further. Click here to discover more about BitKeep.(Source: GateChain) 2.4.3 GateChain launched the first native SocialFi DEX — DRx DeFi! DRX is the first interoperable LaunchPad + decentralized cross-chain swap protocol powered by GateChain. Aims to make DeFi fun again, with a friendly and user-first DEX & DeFi ecosystem that anyone can use. DRX official website: drxdefi.com(Source: GateChain) 2.4.4 GateChain and EarnTV have reached a strategic cooperation! EarnTV is a community dedicated to develop and build the crypto investors chat of EarnTV (ETV tokens). Watch-to-Earn offering rewards viewers through $ETV for watching Movies, TV Shows & Targeting ads.(Source: GateChain) — 2.5 GateChain Ecosystem in August. — (Source: GateChain) GateChain provides support for creative ideas and projects including GateGrants funding, subsequent funding opportunities, interoperable resources, traffic introduction, technical consultation, strategic planning, etc. You can apply here: gatechain.io For more information about the GateChain ecosystem, please click to view the “GateChain Ecosystem page”. More ecological projects are under integration and will be announced soon. Stay tuned! — 3.Community Events - — 3.1 The GateOracle: $GT GETS A SEAT AT THE LONG HODL TABLE. — The GateOracle was implemented by the GT team through ChainLink and is now able to provide real world data in real time, combined with the blockchain data. Each on-chain price feed belongs to an on-chain address. This is a function that allows the independent GateOracle nodes to exchange data with the feeds in a decentralized, accurate and real time manner. Click here to discover more about GateOracle.(Source: GateChain) — 3.2 Detailed explanation of Zk-rollup solution. — As far as everyone knows, there exist many problems with Layer 1 blockchain networks (ETH for example) such as high gas fee, low Tps, network congestion etc. The discussions on solving these problems are constantly ongoing. Rollup and sharding technology have grown to become an important expansion method to improve the throughput and scalability of L1 networks. The Zk-rollup solution developed by GateChain will also be launched. As a self-developed Layer 2 expansion solution, we refer to the advantages and disadvantages of the mainstream Zk-rollup projects on the market, and actively innovate to improve EVM compatibility without sacrificing security and efficiency. Click here to discover more.(Source: GateChain) — 3.3 What makes DeFi complete? Explore Wrapped Tokens in the GT Ecosystem.. — Hipo DeFi was built in an open multi-chain ecology and its purpose is to allow users to enjoy cross-chain transactions on the most popular chains. Wrapped tokens are considered cryptocurrencies that can be traded at the same price of the initial cryptocurrency but on a different blockchain. Wrapped tokens came into existence through a process called “minting”. On the GT ecosystem, wrapped tokens “swim” in pools with enough liquidity and secure transaction protocols. On hipo.com alone, transactions have long surpassed the $737,660,000,000 milestone thanks to our active users that have been supporting DeFi since day1. Click here to discover more.(Source: GateChain) — About GateChain - Website | Twitter | Telegram | Discord | Medium | GitHub — About Hipo - Website | Twitter | Telegram | Mediu
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The function and operation guide of Hipo Swap
The Hipo Swap product has been updated recently. We have upgraded the UI interface and related functions. Let’s take a look at it in detail. What is Hipo Swap, Hipo Swap is a Swap protocol on HipoDefi. Currently, it has three functions: Profession swap, Quick swap, and Gateswap liquidity. Profession swap and quick swap are exchange tools provided for transactions between different tokens. The difference is that profession swap can display a specific price trend chart, while quick swap omits this process and directly adopts the optimal exchange path. Hiposwap currently supports token exchange on seven Layer 1 networks of Ethereum, Gatechain, BSC, Polygon, Heco, Arbitrum, and Avalanche. Gateswap is an automated liquidity protocol where each Gateswap smart contract (or pair of contracts) manages a liquidity pool consisting of a reserve of two erc-20 tokens. Anyone can become a Pool’s Liquidity Provider (LP) by adding the equivalent value of each base token in exchange for pool tokens. These tokens track a prorated LP share of the total reserve and can withdraw the underlying asset at any time. How to use Hipo Swap, Profession swap & Quick swap Open the Hipo official website and click the profession swap button in the swap interface;, Link the wallet in the upper right corner, select the corresponding Layer1 network for authorization, and select the transaction pair you want to exchange after the authorization is successful;, 3. Through the transaction, the price trend can be analyzed. At the same time, we have also added the fee comparison function of other Dex platforms (currently supports uniswap, sushi, balancer and other platforms). You can compare the fee difference and choose the best exchange path. , Hipo swap has automatically selected the best exchange path for you; 4. After selecting the trading pair, click swap and confirm the transaction in the wallet to complete the token transaction; Gateswap Liquidity Open the official website, click Gateswap Liquidity;, 2. Connect the wallet to select the corresponding network. The first time adding liquidity requires wallet authorization, and the corresponding token share is added to the pool according to the corresponding transaction pair; 3. After completing the liquidity provision, you can see the corresponding LP token on the “My Liquidity” interface, and you can also choose to continue to add or withdraw liquidity on the right; About Gate Chain Gate Chain is a new generation of public chains focused on user asset security and decentralized transactions. With its original online hot wallet account and settlement guarantee system, it creatively solves the core basic problems of the industry, such as the theft of users’ digital assets, the destruction and loss of private keys, slow decentralized transactions, and the lack of cross-chain transfers. With six years of blockchain technology accumulation, two years of dedicated research and a hundred-people in the technical team,GateChain relies on excellent innovation ability and strong financial strength to create a revolutionary blockchain. - Official website: gatechain.io - Twitter: twitter.com - Medium: gatechain.medium.com - Discord: discord.com - Telegram: t.me
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BitKeep, a top decentralized multi-chain digital wallet, is live on GateChain!
BitKeep is proud to announce that we have added GateChain (GT) to the list of supported mainnets. Through the support provided, BitKeep will offer GateChain (GT) users with a convenient means for token transaction, DApp ecosystem participation, Defi projects access and more. Users will now be able to participate in related projects and trade through BitKeep. At the same time, BitKeep will support more projects from GateChain (GT), representing the mainnet in its full glory. In the future, the partnership between GateChain (GT) and BitKeep will certainly go further. Note: Upgrade your BitKeep wallet app to 7.0.9 to experience the GateChain ecosystem. — How to Add GateChain (GT) in BitKeep - Launch BitKeep app. Tap ALL in the upper right corner to enter the mainnet selection interface. Tap Add Mainnet, select GateChain and tap OK;, 2. Enter wallet password, then return to the wallet page. You are done with the addition. Go back to the wallet home page and select ALL to view all the mainnets that have been added. BitKeep is the top decentralized multi-chain digital wallet in Asia, integrating Wallet, Swap, NFT Market, DApp and Discover in a single location. With a user base of nearly five million across 168 countries and regions, BitKeep forges strategic partnerships with multiple top mainnets (including Polygon, Solana, BSC, ETH, HECO, OKChain, TRON, Fantom, WAX, IOST, AVAX, zkSync), becoming their authorized wallet. With 55+ mainnets, 10,000+ DApps, 1,000,000+ NFTs and 220,000+ tokens supported, BitKeep is dedicated to creating the world’s largest Web3.0 gateway. You can get the Bitkeep wallet in the here：bitkeep.com — 1. Wallet - BitKeep V7.0 has made significant improvements in terms of UX, security and functionality to help users manage their crypto assets. Committed to creating the world’s largest decentralized traffic gateway, BitKeep has the following highlights: Supporting 70+ mainnets, including ETH, BSC, Polygon, OEC, AVAX-C, TRON, and Solana, as well as the DApps on these networks;, Jumping to Swap interface with one single tap;, Supporting more than ten languages such as Chinese, English, Korean, Japanese, Spanish, Arabic, Vietnamese, and Turkish., — 2.BitKeep Swap — the most complete DEX intel - The Swap section includes Quotes, Swap, Bridge, and Launchpad. Quotes is the most comprehensive real-time market data hub, presenting up-to-date intelligence of 200,000+ tokens. Users may access the following data: Live Quotes, Candlestick Charts (where you can choose to view by Day, Week, Month, or Year), Token Contract, Market Cap, Circulating Supply, Holders, transaction histories, and data analysis., Swap supports token swap across 16 mainnets (including ETH, BSC, Solana, Polygon, OEC, TRON, AVAX, Arbitrum, Optimis, and Fantom) with an InstantGas feature. Later on, Swap will support instant token swap across 30 protocols, including Uniswap, SushiSwap, BabySwap, and Pancakeswap., Seven bridges, including BK Bridge, Binance Bridge, and Swft, are supported by Bridge. BitKeep is on track to creating the largest and most inclusive decentralized crypto marketplace in the world., LaunchPad, including BitKeep Project and Aggregated LaunchPad, is designed to give users the access to promising projects in their early stage. BitKeep will cooperate with KOLs and fans communities to build a LaunchPad whitelist., Learn more about the swap features on our website: bitkeep.comen/swap?theme=light — 3. NFT marketplace - BitKeep NFT Market is the first trading platform in the industry that supports the purchase of NFTs with any token. It also has an INO module. Currently, BitKeep NFT Market has more than 120k NFTs listed for sale, more than 1.2 million NFT stored, and $15 million monthly trading volume, positioning itself as the largest NFT trading market on BSC, the 3rd on Polygon and the 6th in the whole blockchain industry in terms of user base and trading volume. One-stop service for NFT sale, purchase, display, collection, as well as batch transfer and reception;, Users can purchase NFTs with any token on NFT Market;, NFT Market provides users with up-to-date NFT gainer ranking and recommendations to help them stay ahead of the market trend;, BitKeep NFT Market supports listing orders on third-party platforms without locking the NFTs in question;, Currently, NFTs on ETH, BSC, HECO, and Polygon are all supported., — 4.DApp Browser — navigate the DeFi and GameFi worlds - The DApp section allows users to browse by mainnets or their favorites. Users can also customize tags for their favorites; DApp Rank has nine tabs, namely: BXS, GameFi, Dex, NFT, Lending, Derivatives, Yield, Bridge, and Oracle. The rankings are automatically updated by ML algorithms on a regular basis. And more than one mainnets can be displayed in DApp at the same time. — 5.Discover - Discover integrates features like Message, Cloud Wallet, Help Center, Gift Center, Blind Box, and Airdrop. The Help Center contains graphic tutorials, safety education, etc. for users to get familiar with product functions intuitively, and thus avoiding financial losses caused by careless operations., The Gift Center has a reward distribution mechanism that consists of multiple tasks and different bonuses. Users can check the latest activities and their progress in tasks. They can also take on multiple tasks simultaneously., Discover more Dapps in our Dapp browser：bitkeep.comen/dapp?theme=light — About GateChain (GT) - GateChain is a next-generation public blockchain, focused on on-chain asset safety and decentralized trading. With a uniquely designed Vault Account, primed for handling abnormal transactions, GateChain presents an extraordinary clearing mechanism, tackling the challenges of asset theft and private key loss. Decentralized trading and cross-chain transfers will also be supported, alongside other core features. Website: gatechain.io Twitter：twitter.com Medium：gatechain.medium.com Discord：discord.com GitHub：github.com — About BitKeep - BitKeep Website: bitkeep.com Twitter: twitter.com Discord: discord.com Telegram: t.me Facebook: www.facebook.com Instagram: www.instagram.com Youtube: www.youtube.co
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What makes DeFi complete? Explore Wrapped Tokens in the GT Ecosystem.
Still #1. — A recent Forbes Advisor research places Gate.io in a #1 position as the best cryptocurrency exchange available for the UK traders and investors. www.forbes.com Gate.io was also listed in the top10 world’s best exchanges by Forbes Advisor at the end of 2021. www.gate.io While Gate.io has got its fair share of recognition around the world, the GateChain ecosystem has grown exponentially. This is one of the perks of using GT as the native Gate.io token. In addition, thanks to a diversified ecosystem, and a great team, GT is being setup to a direct course to succeed. (N.B. — Gate.io is hiring. More details at the end of this article) — The Road To Success. — The GT road to success is being paved by a combination of new on-chain built projects and partnerships, along with the power of DeFi which is reflected strongly through Hipo.com and the GateBridge. Taking into consideration the vast amount of existing Blockchains and DeFi projects, we can safely state that GateChain has put all the puzzle pieces together and is offering you a unique experience thanks to Hipo. HipoDefi makes DeFi complete by bringing a safe and practical environment for traders and investors. — HIPO.COM. — Hipo DeFi was build in an open multi-chain ecology and its purpose is to allow users to enjoy cross-chain transactions on the most popular chains. But the real power behind the HipoDefi platform truly shines in its ability to aggregate data on the rise and fall from different projects and trading pairs from various blockchains. It helps investors follow and understand the overall market with only one click. These are some of the reasons why Hipo.com is considered the only, all-in-one, DeFi platform for many. If you are already familiar with DeFi, then you will know the possibilities it holds and you would be familiar with some DeFi specific products such as Farming, Trading, NFTs, Wrapped Tokens and so on. This article will single out Wrapped Tokens on HipoDefi and will spotlight some important must know aspects. But let’s start from the beginning! — What are Wrapped Tokens?. — Wrapped tokens are considered cryptocurrencies that can be traded at the same price of the initial cryptocurrency but on a different blockchain. To make this explanation more clear we can take as example the traditional BTC and the newer wBTC (wrapped BTC) traded as an ERC20 token on the ETH blockchain. Even though the ERC20 is the standard, the ETH token is no stranger to the wrapping process. Because ETH was created before the ERC20 standard we now have a wETH(wrapped Ethereum) version as well. Wrapped tokens are pegged at a 1:1 ratio by their underlying asset, which in most cases is stored on a custodial vault. Having wrapped tokens around, helped increase interoperability between different blockchains. — How do wrapped tokens work?. — Wrapped tokens came into existence through a process called “minting”. It involves a decentralized method that generates a new token without the help of the government or banks or any other type of centralized authority. During the minting process the initial token (Ex. BTC) is sent to a custodian wallet which stores it in a blockchain vault(Ex. GateChain). Once the initial token is being locked in the vault, its equivalent will be released in the wBTC form and it will be ready and suitable for the intended blockchain. To burn and dispose of the wBTC excess in order to keep the peg at the 1:1 ratio, some wBTC are removed from circulation by a process called “burning”. Burning a token implies that a token has been completely removed from circulation and will not be recovered, therefore reducing its supply. Once the wBTC token is burnt, the initial BTC is released from the vault and placed back into circulation. — Pros & Cons. — Pros: 1.One of the pros of using wrapped tokens is of course interoperability where non-native tokens can be traded or swapped on any other blockchain. HipoDeFi includes a various number of blockchains and trading opportunities when it comes to wrapped tokens and DeFi in general. 2. Another advantage is the liquidity boost from popular blockchains leaking into newer ones such as different startups or other ‘isolated’ and less popular blockchains. This, creates opportunities for investors and traders by activating the true meaning of DeFi which is, in my opinion: Having the possibility of a decentralized fundraising and giving a chance to newer technologies to thrive without an over-selective centralized conductor. 3.Having the possibility to use wrapped tokens helps increase the transaction speed, for example in the case of BTC where transactions are slow, once wrapped on GateChain the transaction speed will increase considerably. 4. The biggest advantage however is actually having wrapped tokens on HipoDefi. Hipo can track the best available prices for you, it does not require high gas fees($GT) and can help you reduce impermanent loss. Low fees, low risk and automated price matching makes Hipo.com one of the most important DeFi platforms in the world. Now let’s keep it real and mention a few cons as well. ___________________________________________________________________ Cons: Just like any other technology in use, Wrapped Tokens do have certain limitations attached. Here are a few examples: The most popular wrapped tokens on the market are entrusted to a custodian vault., This could be an advantage if the vault is a GateChain vault since GT can provide Multi-Sig security and reversible transactions. Unfortunately this option is not available for other Blockchains, therefore imposing limitations on wrapped token security. 2. Minting wrapped tokens could involve high gas fees as seen in the case of the ERC20 tokens. 3. Another limitation is the traditional risk of automation which could lead to an erroneous user or transaction. That is why ‘DYOR’ is a healthy crypto habit. It helps the user understand if a project or platform is a suitable investment. To learn more about how to DYOR go here: www.gate.io 4. Certain non-custodial platforms might also require extra collateral assets when minting wrapped tokens. They do so in order to prepare the platform for possible black-swan type of events where liquidity could be affected by a big market crash. Wrapped tokens on the GateChain ecosystem: On the GT ecosystem, wrapped tokens “swim” in pools with enough liquidity and secure transaction protocols. On hipo.com alone, transactions have long over passed the $737,660,000,000 milestone thanks to our active users that have been supporting DeFi since day1. While, many love DeFi and prefer to swap or trade wrapped tokens on Hipo or Gatebridge there are also those who prefer the centralized services on Gate.io. This is the beauty of being part of the GateChain community: Having an abundance of choices, opportunities and free tools at your disposal 24/7. Did you know? 1. On January the 14 of 2021, CMC(CoinMarketCap) listed the market cap of the wBTC(wrapped bitcoin) at 432 quadrillion USD, an equivalent of over 1,000x of the entire wealth of the world; fact checked according to an article from the Financial Times. It was an error that lasted a few moments and was corrected within a reasonable delay. www.ft.com 2. ETH’s founder, Vitalik Buterin, appeared to have some pessimistic concerns related to cross-chain applications which involve wrapped tokens as well. However he felt optimistic about a multi-chain blockchain ecosystem: “The fundamental security limits of bridges are actually a key reason why while I am optimistic about a multi-chain blockchain ecosystem (there really are a few separate communities with different values and it’s better for them to live separately than all fight over influence on the same thing), I am pessimistic about cross-chain applications.” Read the full text here: old.reddit.com 3. Wrapped tokens have created new arbitrage possibilities. Some users seek platforms like hipo.com where they can buy wrapped tokens for lower prices thanks to the automated and end up selling the tokens on other platforms at a much higher price. What do you think about wrapped tokens and have you minted any yet? Are wrapped tokens here to stay? Do you know about other wrapped tokens such as wFil, wSol, wDOT, or other ? Please let us know in the comment section. Put your Crypto Knowledge to Good Use: If you are already familiar with wrapped tokens and have already acquired a solid base of crypto knowledge, why not make that work to your advantage! Gate.io is presently recruiting and is also scouting talented influencers. There are also chances to join the Gate world through fruitful internships. Working with Gate comes with many advantages and rewards. — More details here:. — jobs.lever.co ___________________________________________________________________ To learn more about the GateChain Ecosystem go here: · Official website: gatechain.io · Twitter: twitter.com · TikTok: www.tiktok.com · YouTube: www.youtube.com · Discord: discord.com · Telegram: t.me · CEX: Gate.io gateio.medium.com · DEX Hipo.com — Disclaimer:. — *This article represents only the views of the observers and does not constitute any investment suggestions. *Gate Technologies reserves all rights to this article. *Re-posting of the article will be permitted provided GateChain.io ,Gate.io and Hipo.com will be referenced. *In all other cases, legal action will be taken due to copyright infringement. — To find out what services are available in your jurisdiction please consult the following link:. — — Gate.io/docs/agreement.pdf. — Author: Stef_Hodl
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Detailed explanation of Zk-rollup solution
Detailed explanation of Zk-rollup solution Author : Easen, Gate Chain As far as everyone knows, there exist many problems with Layer 1 blockchain networks (ETH for example) such as high gas fee, low Tps, network congestion etc. The discussions on solving these problems are constantly ongoing. Rollup and sharding technology have grown to become an important expansion method to improve the throughput and scalability of L1 networks. The Zk-rollup to be explained today is also a kind of Rollup technology. Let us get more in depth into it below. What is Zk-rollup Zk-rollup belongs to Rollup, which is an expansion method of Layer 2. Rollup, as a layer-2 network expansion method and is also the most respected and widely used expansion technology path currently. Rollups can be divided into Optimistic-Rollup and Zk-rollup. The former refers to Plasma’s fraud proof mechanism, and the latter uses zero-knowledge proof mechanism to ensure security. Rollup is to “aggregate” a large number of transactions into a large batch, generate a “proof” for the batch, and then publish this proof on the mainnet. Rollup executes transactions outside of Layer1, but publishes transaction data on Layer1. Since the transaction data is included in the Layer1 block, Rollup is equivalent to inheriting the security of the Layer 1 network. Below we will learn more about what Zk-rollups are. Zk-rollup is an off-chain protocol that runs on top of the Layer 1 blockchain and is governed by on-chain smart contracts. ZK-rollup is a proof-of-validity-based mechanism, and its core architecture consists of the following components: On-chain contracts: As mentioned earlier, the ZK-rollup protocol is controlled by smart contracts running on the Layer 1 blockchain. This includes a master contract that stores aggregated blocks, tracks deposits, and monitors status updates. Another on-chain contract (the validator contract) verifies the zero-knowledge proofs submitted by the block producers. Therefore, the Layer 1 network acts as the base layer of ZK-rollup., Off-chain Virtual Machine (VM): While the ZK-rollup protocol exists on the Layer 1 network, transaction execution and state storage occur on a separate virtual machine independent of the EVM. This off-chain virtual machine is the execution environment for transactions on ZK-rollup and acts as the second layer of the ZK-rollup protocol., What problem does Zk-rollup solve Rollups provide a self-contained execution environment with high TPS, low gas and the ability to access all assets from the Layer1 network, which helps applications on the blockchain expand from DeFi to more general areas such as gamefi and socialfi. We expect that rollups will gradually become a service provided to Web3 applications, namely Rollup as a Service (RaaS). Zk-rollup (zero-knowledge proof) compresses and packages off-chain data by creating a proof and publishes it to the main network as a form of validity proof, which greatly improves the efficiency and scalability of blockchain network execution. But objectively speaking, this will also have a certain impact on network security and EVM compatibility. Comparison of Zk-rollup and Optimistic-Rollup There are a lot of discussions about Zk-rollup and Optimistic-Rollup. Zk-rollup is based on validity proof to verify some validity data, while Optimistic-Rollup is based on fraud proofs, verified by the theory of “no guilt is innocence”. At present, the mainstream Zk-rollup projects in the market include zkSync, StarkEX, StarkNet, Aztec, etc., and the mainstream Optimistic-Rollup projects include Optimism, Arbitrum, etc. Optimistic Rollup now has a first-mover advantage. The tokens of Optimism have been circulated and traded on major mainstream exchanges. Arbitrum’s TVL also occupies the first place in the Rollup ecosystem, but the Zk-rollup projects have not issued any tokens yet. The following is a comparison of the specific parameters of Zk-rollup and Optimistic-Rollup. There are several key differences: Security, Zk Rollup is better than Optimistic Rollup;, Scalability, Zk Rollup is better than Optimistic Rollup;, Verifiable finality, Zk Rollup is better than Optimistic Rollup;, EVM compatibility, Optimistic Rollup is better than Zk Rollup;, In general, although Optimistic-Rollup currently occupies the first-mover advantage, it does have certain drawbacks in terms of safety and efficiency, which will limit its long-term development in the later stage. With the continuous improvement of Zk-rollup technology, the future market will definitely belong to the Zk-rollup ecosystem, and our Gate Chain will also participate in the construction of the Zk-rollup ecosystem. Gate Chain’s Zk-rollup solution As a high-performance security public chain, Gate Chain has been committed to protecting the security of user assets and improving the performance of the blockchain network. At present, the Zk-rollup solution developed by Gate Chain will also be launched. As a self-developed Layer 2 expansion solution, we refer to the advantages and disadvantages of the mainstream Zk-rollup projects on the market, and actively innovate to improve EVM compatibility without sacrificing security and efficiency. Specific plans will be announced in the future, so stay tuned. About Gatechain GateChain is a new generation of public chains focused on user asset security and decentralized transactions. With its original online hot wallet account and settlement guarantee system, it creatively solves the core basic problems of the industry, such as the theft of users’ digital assets, the destruction and loss of private keys, slow decentralized transactions, and the lack of cross-chain transfers. With six years of blockchain technology accumulation, two years of dedicated research and a hundred-people in the technical team,GateChain relies on excellent innovation ability and strong financial strength to create a revolutionary blockchain. - Official website: gatechain.io - Twitter: twitter.com - Medium: gatechain.medium.com - Discord: discord.com - Telegram: t.me
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The GateOracle: $GT GETS A SEAT AT THE LONG HODL TABLE
The GateChain blockchain was launched in 2019 and has been one of the most secure blockchains in existence ever since. Its native coin, with the same name, is a deflationary coin by nature thanks to the team’s ongoing coin burns.. — In the past few years the GT ecosystem has grown in popularity and is presently hosting many other projects. GT was also adapted as a native token by the centralized exchange Gate.io. This helped the GT token reach an all time high price of $12.94 compared to the day1 price at launch of $1.07. At the moment of writing this article the GT token is trading at $4.96 due to several black swan events which affected the whole world’s economy. Along with constant growth and security, the GT team has been completely focused on improving its technology and assuring sustainability in the long run. — GATECHAIN IS HERE TO STAY:. — Similar to all the blockchains in existence, GT had to face the same problems and one of them was the need to open up to the world in real time and with real world data. Why is that so important, you may ask? Well, the answer is simple: Blockchain technology is secure and efficient with decentralized transactions but when it comes down to actually inputting vast amounts of real world data it can be very limiting. Real world data is very important since it can directly affect a token’s price, for example: extreme weather and outages or as seen in recent events, FOMC meetings and inflation. To stay ahead of the market and up to date with the real world changes, the GT team has successfully deployed a GateOracle on ChainLink. ChainLink is an agnostic decentralized network composed of a multitude of nodes that help supply data from the real off-chain world into the digital blockchain world and it does so through smart contracts. Having agnostic technological properties, it means that it can easily be interoperable among several blockchains or systems. This allowed for the GateOracle to be born. — THE GATECHAIN ORACLE:. — As mentioned above, the GateOracle was implemented by the GT team through ChainLink and is now able to provide real world data in real time, combined with the blockchain data, such as the BTC price in report with the USD or other currencies from around the world. Each on-chain price feed belongs to an on-chain address. This is a function that allows the independent GateOracle nodes to exchange data with the feeds in a decentralized, accurate and real time manner. — THE LONG HODL TABLE: - Having implemented the Oracle feature along with PoS, Multi-Sig/Vault wallets, EVM compatibility, Asset issuance, Rewards on liquidity, NFT minting and of course the GateChain Bridge; the GT ecosystem has attracted a big number of traders and investors. These features have placed GateChain into the spotlight among vast international communities that have a strong bullish sentiment for the long term hodl. What do you think the $GT will be worth in a few years from now and what other new features will the team implement? Please let us know in the comments. To learn more about the GateChain Ecosystem go here: Official website: gatechain.io, Twitter: twitter.com, TikTok: www.tiktok.com, YouTube: www.youtube.com, Discord: discord.com, Telegram: t.me, CEX: Gate.io gateio.medium.com, DEX Hipo.com, Disclaimer: *This article represents only the views of the observers and does not constitute any investment suggestions. *Gate Technologies reserve all rights to this article. *Re-posting of the article will be permitted provided GateChain.io ,Gate.io and Hipo.com will be referenced. *In all other cases, legal action will be taken due to copyright infringement. — To find out what services are available in your jurisdiction please consult the following link: Gate.io/docs/agreement.pdf.
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GateChain Monthly Report — 2022.July
GateChain Monthly Report — 2022.July1.Technology & Product Update2.Ecosystem Development As a secure, scalable and interoperable public chain which focuses on on-chain asset safety as well as decentralized trading, GateChain has been running stably over two years. It has been continuously expanding its ecosystem and concentrating on the development of native DeFi and NFT products. — 2.1 HipoDeFi. — HipoDeFi is a one-stop platform for all your DeFi needs. Aggregating and sorting out various DeFi projects, providing users with the tools that they need to simplessly & efficiently perform functions such as swaps, cross chain transfers, liquidity mining as well as lending/borrowing at the best interest rates. Through detailed real-time data analysis, it helps users discover investment opportunities and manage their DeFi assets. A faster and safer gateway to the DeFi world. Click here to enter the HipoDeFi official website for more information. — 2.2 GateBridge. — GateChain’s original cross-chain protocol, GateBridge, is a decentralized solution based on liquidity pools. GateBridge has completed its integration with more than 10 mainnets including Ethereum, GateChain, Polygon, BSC, Fantom, Arbitrum, Avalanche, Heco, OKExChain, & Klaytn. Anyone can create a cross chain liquidity pool via GateBridge by adding liquidity to the asset pool before proceeding with the swap between 2 tokens.For more information about GateBridge: “GateBridge: A Decentralized Cross Chain Protocol”To learn how to use GateBridge: “GateBridge User Guide” — 2.3 HipoNFT. — HipoNFT is a native decentralized NFT platform based on GateChain. The MVP version will support NFT purchases, sales, minting and some more innovative functions!. HipoNFT is now under internal testing and is expected to go live in August 2022. Stay tuned!GateChain Ecosystem As of July 31, 2022, GateChain officially announced a total of 14 supporting projects, covering sectors including wallets, cross-chain bridges, NFT, DeFi, Web 3.0, AI, etc. GateChain provides support for creative ideas and projects including GateGrants funding, subsequent funding opportunities, interoperable resources, traffic introduction, technical consultation, strategic planning, etc. For more information about the GateChain ecosystem, please click to view the “GateChain Ecosystem page”. More ecological projects are under integration and will be announced soon. Stay tuned! — 2.4 Projects that deployed on GateChain in July. — 2.4.1 TripleFi, the derivative DEX supporting 25x leverage, is now live on GateChain TripleFi is an easy-to-use perpetual DEX supporting BTC, ETH and other altcoins. It supports up to 25 times leverage trading. Users can use TripleFi on GateChain for the following. 1. GateChain USDT wallet depostis. 2. Open leveraged long or short positions on any existing trading pair with USDT margin. 3. Add USDT (or any other coins) to the liquidity pool to earn competitive yield returns. Click here to know more about TripleFi. 2.4.2 The new Fi+ gaming platform BovineVerse is live on GateChain testnet — Meteora BovineVerse is now live on GateChain Meteora, expanding the GameFi variety in GateChain’s ecosystem!. Issued by Singularity Studio, BovineVerse is a new Fi+ metaverse platform in the era of Web 3.0. Releasing 3 creative and interesting blockchain games and applying DAO governance to online social networks, gamers are in for a treat! Click here to know more about BovineVerse. 2.4.3 xHashtag: Web3 Credentials for Future of Work, is now live on GateChain xHashtag is a Web3 protocol providing on-chain credentials for Future Of Work. Using reputation credentials, brands can dynamically assemble skilled teams while users are able to curate their Web3 reputation and earn in exchange for creating value. xHashtag has recently integrated with GateChain’s Mainnet. Users can visit app.xhashtag.io and try out the following functions on GateChain:Our unique #SoulSwag SBTs which are on-chain non-transferable Reputation and Skill badges.Launch a fully configurable & liquid staking vault with zero technical knowledge required, including minting your own $project tokens in less than 2 minutes!Participate by staking in already provisioned vaults to earn attractive staking rewards. Click here to know more about xHashtag.3.Community Events — 3.1 Tour de GateChain — GateChain X xHashtag Joint Community Event. — On June 28th, GateChain held a joint community event (Tour de GateChain) with xHashtag, which ended on July 22nd. GateChain provided $8,000 worth of $GT rewards to active community members who successfully completed a variety of tasks. Rewards have been successfully distributed to the winners’ on-chain addresses and Gate.io UID accounts. To check more details and the winners’ list, please go to: “Tour de GateChain with xHashtag Event Recap and Rewards Distribution” — 3.2 GateChain X Nabox AMA Event. — GateChain held an AMA (Ask Me Anything) event with Nabox, discussing GateChain’s vision, R&D direction, future plans, upcoming decentralized NFT marketplace and so on. GateChain provided active community members with $200 worth of $GT airdrops in this event. For more details, please click to view: “GateChain X Nabox AMA Event” — 3.3 GateChain‘s Second Anniversary. — As of July 1, 2022, the GateChain mainnet passed its 2 year mark. As a secure, scalable and interoperable public chain, GateChain has been running stably during this period and has been continuously expanding its ecosystem. GateChain is a next-generation public blockchain, focused on on-chain asset safety and decentralized trading. With a uniquely designed Vault Account, primed for handling abnormal transactions, GateChain presents an extraordinary clearing mechanism, tackling the challenges of asset theft and private key loss. Decentralized trading and cross-chain transfers are also supported, alongside other core features. — 3.4 Latest update of GateChain’s native asset $GT. — As the native asset on the GateChain, GT is at the core of every operation. Its use cases are as follows.GT can be used to pay network transfer fees.GT is a stable incentive for users participating in staking.GateChain supports token issuance and asset digitization via GT.Multi-signature account management & ownership sharing, via GT. Suitable for both enterprise and family demands. For more information on $GT, please click: “GateChain’s Native Asset — GT (GateToken)” — About GateChain. — Website | Twitter | Telegram | Discord | Medium | GitHub
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Tour de GateChain with xHashtag Event Recap and Rewards Distribution
GateChain is a next-gen public blockchain focused with on-chain asset safety and decentralized asset trading. We provide free R&D funds to support every creative idea and project. xHashtag, as a Web3 protocol providing on-chain credentials for Future Of Work, has received a grant from GateChain and finished the integration with GateChain Main-net. The grant will be used to introduce no-code development tools and on-chain reputation identity infrastructure on GateChain, while also fund marketing that will encourage users to use xHashtag dApp on GateChain. Users can visit app.xhashtag.io and try out the following functions on GateChain:The unique #SoulSwag SBTs which are on-chain non-transferable Reputation and Skill badges.Launch a fully configurable liquid staking vault with zero technical knowledge required, including minting your own $project tokens in less than 2 minutes!Participate by staking in the already provisioned liquid staking vaults to earn attractive rewards.The Tour de GateChain marathon has ended successfully! We’re super excited to be kickstarting things with a fun Marathon, Tour de GateChain, which consisted of multiple activities and exciting rewards! For each of these tasks, the user could claim a unique #SoulSwag as proof of achievement. Participants who have secured #SoulSwags for both the tasks were automatically eligible to win from a pool of $7000 worth of $GT (Gate Tokens). — Phase1. Hello GateChain — Off Chain Tasks. — The off-chain task consisted of a few actions the participant needed to perform around the project’s social media, by joining in as an active member of their community. Successfully completing all the sub-tasks for this activity could claim a guaranteed Hello GateChain #SoulSwag. More details about the first phase’s rules: Tour de GateChain with xHashtag and Grab $7000 GT. Duration: 28th June 2022–5th July 2022 Participation link: xhashtag.io/gatechain The guaranteed rewards for the first phase have been distributed to the successful participants’ wallet addresses during July 7 to July 11, 2022. As follows:Hello GateChain #SoulSwagGasdrop of $GT for transacting on the GateChain10,000 TDG tokens (For use in the second task, received upon claiming the Hello GateChain #SoulSwag). Note: Tour de GateChain ($TDG) Tokens are utility tokens with no monetary value, meant solely for use in the second task. *Top 9 valid referrals’ list that shared a $100 $GT reward pool. (One of the top 10 referrals was invalid, so we only have 9)Top 9 valid referrals’ list — Phase2. Fastest Staker First — On-chain Contest. — This consisted of an on-chain task involving staking free $TDG tokens from Phase-1 airdropped in one of the 3 liquid staking vaults. Fastest Stakers from each of the vaults shared a $7000 reward pool in $GT. More details about the second phase rules: “Tour De GateChain — Phase 2 is now LIVE! Liquid Stake your $TDG!” PS. These TDG tokens are meant specifically for the staking activity in the Tour De GateChain campaign, and are not available for trading. Duration: 11th July 2022–15th July 2022 Participation link: xhashtag.io/gatechain We finally got 644 winners, who have successfully completed two phases in Tour De GateChain event and submitted their unique Gate.io UID while claiming the “Fastest Staker First” #SoulSwag here -> https://app.xhashtag.io/#/clubs/gatechain/YWWuxt8IHb . These addresses will be receiving $4 GT as rewards in their Gate.io accounts. Please check the winners’ list here: https://docs.google.com/spreadsheets/d/18wviKBEfoEZQ6av4ZUwAdK1r1USYx4lPH0tb6fR_fFA/edit?usp=sharing We are very happy that this event has come to a successful ending. Thank you to all the community members for your active participation. Stay tuned! GateChain will bring you more exciting projects! — About xHashtag. — xHashtag is a Web3 protocol providing on-chain credentials for Future Of Work. Using reputation credentials, brands can dynamically assemble skilled liquid teams while users are able to build their Web3 reputation and earn in exchange for creating value. This is made possible through #SoulSwags, our on-chain reputation credential badges. Wish to partner with us and launch your own #SoulSwag? Fill this form now! dApp | Twitter | Telegram | Telegram Announcements | Discord | Website — About GateChain. — GateChain is a next-generation public blockchain, with a focus on on-chain asset safety and decentralized trading. Its uniquely designed Vault Account is primed for handling abnormal transactions. GateChain presents an extraordinary clearing mechanism, tackling the challenges of asset theft and private key loss. Decentralized trading and cross-chain transfers are also supported, alongside with other core features. Official website | Twitter | Telegram | Medium | Discord | GitHub
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TripleFi, The Derivative DEX Supporting 25x Leverage, Is now live on GateChain
Great news! TripleFi has integrated with the GateChain mainnet. Users can now trade BTC, ETH, GT and more on a DEX with up to 25 times leverage. Users can use TripleFi on GateChain to do the following things. 1. Have USDT on GateChain in your wallet. 2. Open a long or short position with leverage on any existing trading pair with USDT margin. 3. Add USDT to the liquidity pool to earn competitive yield returns.TripleFi Introduction TripleFi is an easy-to-use perpetual DEX supporting BTC, ETH and other altcoins. It supports up to 25 times leverage trading. TripleFi is currently one the few derivative DEXs which can provide leverage of up to 25 times. With the special design of the pricing mechanism, TripleFi is able to expand the boundaries of derivative DEX’s with a price feed that updates in seconds. TripleFi uses a Net-position Market Making algorithm. Currently the liquidity pool is the counterparty of the trader and bears the net position against traders’ position. Future planned updates will enable an option for TripleFi liquidity pool to hedge the net position, so as to provide a relatively stable return for liquidity pool providers. There is no orderbook, no centralized party and no central facilitator of trade. Each pool is defined by a smart contract that includes a few functions to enable opening position, adding more liquidity. The index price is from centralized exchanges or swaps and protected. In its design, industry leading innovations like net position mechanism and automatic spread adjustments are applied to enhance the trading experience and liquidity pool returns. DeFi is an open area. Being open is our motto. TripleFi will support more crypto assets and eventually the listing process will become permission-less. Please reach out to us to create and build together. Website: https://triple.fi Twitter: https://twitter.com/TripleFi_ Discord: https://discord.gg/Ar6aDuCuxY Medium: https://triplefi.medium.com/ Telegram: https://t.me/triplefi Github: https://github.com/triplefi Audit: https://solidity.finance/audits/TripleFi/ About GateChain GateChain is a next-generation public blockchain, with a focus on on-chain asset safety and decentralized trading. Its uniquely designed Vault Account is primed for handling abnormal transactions. GateChain presents an extraordinary clearing mechanism, tackling the challenges of asset theft and private key loss. Decentralized trading and cross-chain transfers are also supported, alongside other core features. Official website: https://gatechain.io/ Twitter: https://twitter.com/gatechain_io Medium: https://gatechain.medium.com/ Discord: https://discord.com/invite/TADecrzfcP GitHub: https://github.com/gatechain
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Crypto Coin Prices and News 