Difference between revisions of "GateToken (GT)"
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*[[bug bounty|Bug bounty]] program can be found [insert here]. | *[[bug bounty|Bug bounty]] program can be found [insert here]. | ||
*[[SafeCEX]] [https://www.safecex.club/ scored] it in the Gold tier with 82% (8-12-2022): | |||
''"⌛️ 41 days since [[Proof of Reserves]]'' | |||
* From their [https://gatechain.io/ website] (22-10-2021): | ''📎 [https://blog.bitmex.com/bitmex-provides-snapshot-update-to-proof-of-reserves-proof-of-liabilities/ Announcement]'' | ||
''🔎 Assets included: [[Bitcoin (BTC)|BTC]] [[Ethereum (ETH)|ETH]]'' | |||
''✅ [[Merkle Tree|Merkle tree]] available and verifiable online'' | |||
''✅ Merkle tree [[Open Source|open sourced]]'' | |||
''✅ [[Wallet]] [[Address|addresses]] made public'' | |||
''✅ Wallet ownership confirmed by third-party auditor'' | |||
''❌ Wallet ownership not proven publicly by custom message"'' | |||
*From their [https://gatechain.io/ website] (22-10-2021): | |||
''"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|private key]] loss."'' | ''"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|private key]] loss."'' | ||
===Bugs/Exploits=== | ===Bugs/Exploits=== | ||
* [[ZachXBT]] [https://twitter.com/zachxbt/status/1592337921922994177 called out] the Gate.io founder (15-11-2022): | |||
''"You talk about the importance of security but how about you finally disclose @gate_io was quietly hacked by NK for $230m on April 21 2018 & how you actively kept this hidden from customers/public"'' | |||
==Governance== | ==Governance== | ||
===Admin Keys=== | ===Admin Keys=== | ||
| Line 85: | Line 105: | ||
===Pros=== | ===Pros=== | ||
===Cons=== | ===Cons=== | ||
* [https://cointelegraph.com/news/huobi-and-gate-io-under-fire-for-allegedly-sharing-snapshots-using-loaned-funds From] [[CoinTelegraph|Cointelegraph]] (13-11-2022): | |||
''"Just two days after [[Crypto.com / Cronos (CRO)|Crypto.com]] made its cold storage information public, investigators found that 320,000 Ether was sent to Gate.io on Oct. 21, 2022. However, [[Kris Marszalek]], the CEO of Crypto.com, dismissed any wrongdoing by stating that the funds were transferred accidentally and were eventually returned back to the original storage. On Oct. 28, Gate.io released its proof of reserves snapshot, which, [[Solidity]] developer Shegen alleged, was done using Crypto.com’s funds."'' | |||
==Team, Funding and Partners== | ==Team, Funding and Partners== | ||
===Team=== | ===Team=== | ||
| Line 91: | Line 116: | ||
===Funding=== | ===Funding=== | ||
* [[Coinweb]]; this fund is mentioned under the 'partner' [https://coinweb.io/ page] (17-8-2023). | |||
*Took part in the [https://decrypt.co/117997/near-protocol-project-octopus-network-lays-off-40-team $5M Series A] of [[Octopus Network (OCT)|Octopus Network]] (4-9-2021). | |||
===Partners=== | ===Partners=== | ||
Latest revision as of 09:13, 17 August 2023
Basics
- Based in:
- Started in / Announced on:
- Testnet release:
- Mainnet release:
- Coin of the blockchain created by Gate.io
History
Audits & Exploits
- Bug bounty program can be found [insert here].
- SafeCEX scored it in the Gold tier with 82% (8-12-2022):
"⌛️ 41 days since Proof of Reserves
✅ Merkle tree available and verifiable online
✅ Merkle tree open sourced
✅ Wallet addresses made public
✅ Wallet ownership confirmed by third-party auditor
❌ Wallet ownership not proven publicly by custom message"
- From their website (22-10-2021):
"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."
Bugs/Exploits
- ZachXBT called out the Gate.io founder (15-11-2022):
"You talk about the importance of security but how about you finally disclose @gate_io was quietly hacked by NK for $230m on April 21 2018 & how you actively kept this hidden from customers/public"
Governance
Admin Keys
DAO
Treasury
Token
Launch
Token Allocation
Utility
- Staking and tx fees.
Other Details
Stablecoin
Coin Distribution
Technology
- Whitepaper can be found [insert here].
- Code can be viewed [insert here].
Implementations
- Built on: GateChain
- Programming language used: EVM compatible.
Transaction Details
How it works
- PoS system (22-10-2021).
Fees
Upgrades
Staking
Validator Stats
- 145 consensus nodes (22-10-2021).
Liquidity Mining
- Has farming (22-10-2021).
Scaling
Interoperability
- Plans interoperability with ETH, Cosmos, Polkadot Ecosystems (22-10-2021) through the GateBridge .
Other Details
Oracle Method
Privacy Method
Compliance
Their Other Projects
Roadmap
- Can be found here (22-10-2021):
2021 Q3: Enabling cross-chain transactions and interoperability with ETH, Cosmos, Polkadot Ecosystems
2021 Q 4: Start Auctioning GateChain Parachain Slots
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
- From Cointelegraph (13-11-2022):
"Just two days after Crypto.com made its cold storage information public, investigators found that 320,000 Ether was sent to Gate.io on Oct. 21, 2022. However, Kris Marszalek, the CEO of Crypto.com, dismissed any wrongdoing by stating that the funds were transferred accidentally and were eventually returned back to the original storage. On Oct. 28, Gate.io released its proof of reserves snapshot, which, Solidity developer Shegen alleged, was done using Crypto.com’s funds."
Team, Funding and Partners
Team
- Full team can be found [here].
Funding
- Coinweb; this fund is mentioned under the 'partner' page (17-8-2023).
- Took part in the $5M Series A of Octopus Network (4-9-2021).
Partners
- Has clear connections with Gate.io and HippoSwap.
- Partners mentioned on their website are (22-10-2021):
Algorand, DAOMaker, NEAR, Polygon, DuckDAO, NGC, FBG, SVC, Titans Ventures and Krypital.
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