GateToken (GT)

From CryptoWiki

Basics

  • Based in:
  • Started in / Announced on:
  • Testnet release:
  • Mainnet release:
  • Coin of the blockchain created by Gate.io

History

Audits & Exploits

"⌛️ 41 days since Proof of Reserves

📎 Announcement

🔎 Assets included: BTC ETH

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"

"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

"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

Fees

Upgrades

Staking

Validator Stats

Liquidity Mining

Scaling

Interoperability

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

"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

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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