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What is Gatechain Token?

GateToken (GT) is the native asset of GateChain and the utility token of Gate.io. It is a promising cryptocurrency known for its focus on scalability and privacy features. GT is used for various purposes, including paying online transfer fees, participating in PoS mining, and managing digital assets. It also provides benefits to holders on Gate.io, such as VIP-tier escalation, trading fee debits, and exclusive access to events. GT operates on a Proof of Stake (PoS) consensus mechanism and has a total circulating supply of 300 million tokens, which is deflationary due to regular token burns.

How is Gatechain Token used?

GateToken (GT) is the native token of Gate.io exchange and the GateChain public blockchain. It has several key uses:

  1. Trading Discounts: Holding GT tokens provides larger trading fee discounts on the Gate.io platform, applicable to various trading types such as spot trading, futures trading, and crypto lending.

  2. Voting: GT token holders can participate in voting programs to decide which tokens should be listed on the exchange. Each GT token submitted is equal to one vote, and users who vote are rewarded with airdrops from the token they voted for.

  3. HODL & Earn: Gate.io allows GT token holders to earn passive income through lock-up programs with high rates of return and no early withdrawal penalties or fees.

  1. Early Token Access: GT holders receive early access to tokens before they are listed on the exchange, provided they stake their GT tokens.

  2. GateChain DeFi: GT can be used for various DeFi products such as staking, liquidity pools, and yield farming on GateChain. It is also used to pay transaction fees on the network.

  3. PoS Mining Reward: GT is the reward for participating in Proof-of-Stake (PoS) mining on GateChain, ensuring the stability of the blockchain.

  1. Token Issuance: GateChain allows users to issue their own tokens and manage digital assets using GT.

  2. VIP Level Upgrades: GT holders can enjoy VIP level upgrades, deductions for fees, and rights to participate in welfare activities on Gate.io.

Overall, GT is deeply integrated into the Gate.io ecosystem and provides various benefits to its holders.

How do I store Gatechain Token?

To store Gatechain Token (GT) tokens, you can follow these steps:

  1. Create a GateChain Wallet:

    • Open the TokenPocket APP.
    • Switch the wallet network to GateChain (GT).
    • Click [Add Wallet] and then [Create Wallet].
    • Set a wallet name and password, agree to the User Agreement, and create the wallet.
    • Back up the secret recovery phrase securely.
  2. Import a GateChain Wallet:

    • Open the TokenPocket APP.
    • Switch the wallet network to GateChain (GT).
    • Click [Add Wallet] and then [Import Wallet].
    • Enter your private key, secret recovery phrase, or Keystore to import the wallet.
  3. Sync a GateChain Wallet:

  • Open the TokenPocket APP.
  • Switch the wallet network to GateChain (GT).
  • Click [Add Wallet] and then [One-Step Sync].
  • Choose the wallet to sync and click [Synchronize].
  1. Use a Crypto Wallet:

    • You can also use other crypto wallets like Coin98 Extension Wallet to store and manage your GT tokens.
  2. Additional Options:

    • You can also use the Wigwam crypto wallet to store and stake your GT tokens, gaining early access to tokens before they are listed on Gate.io.

Remember to keep your private keys and secret recovery phrases secure to protect your GT tokens.

How to buy Gatechain Token?

To buy Gatechain Token (GT) tokens, you can follow these steps:

  1. Choose a Centralized Exchange: Find a reliable centralized exchange where GateToken is listed. You can refer to Coinmarketcap.com's Markets section to find the list of exchanges that support GT trading.

  2. Create an Account: Register and set up an account on the chosen exchange. Ensure you follow the exchange's verification and KYC procedures.

  3. Buy a Base Currency: Purchase a base currency like ETH, USDT, or BNB, which can be easily bought with fiat. You can use exchanges like Binance to buy these currencies.

  1. Transfer to a Crypto Wallet: Transfer the base currency to a crypto wallet that supports GateToken, such as Trust Wallet. Ensure you set up the wallet correctly and keep your seed phrase and wallet address safe.

  2. Use a Decentralized Exchange (DEX): Connect your wallet to a DEX that supports GateToken, such as 1inch. Trade your base currency for GateToken on the DEX.

Alternatively, you can also use crypto exchange aggregators like SwapSpace, which allows you to buy GT directly with a credit card.

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