GateToken
About GateToken
GateToken and its trading symbol (GT) are a dual-purpose digital asset that supports both the Gate.io cryptocurrency trading platform and its underlying Layer 1 blockchain infrastructure, GateChain. GT was launched in 2019 without an initial coin offering (ICO) or private funding, and functions as a hybrid token that bridges centralized financial services and decentralized Web 3 application layers. Its financial framework is based on a deflationary mechanism through a scheduled burn mechanism funded by a percentage of the platform’s trading profits each quarter, approximately 60% of the maximum supply is permanently burned, thereby distributing liquidity across the remaining supply in a business model designed to maintain a permanent balance.
In the last hour, GateToken's price has seen a change of +0.17%, and over the past 24 hours, its price has moved by +2.04%. Over the previous week, GateToken's price has moved by -3.26%. The current price of GateToken is $10.88, accompanied by a trading volume of 1.451M in the last day. GateToken's price is currently 58.07% below its all-time high of $25.95, which remains the highest price GateToken has achieved since its launch. The circulating supply of GateToken stands at 104.7M, translating to a total market capitalization of 1.139B.
Market stats
Frequently asked questions
What is the market cap of GateToken?
With a market capitalization of 1.139B, GateToken is ranked 59 among other crypto assets.
What is the all-time high of GateToken?
The highest valuation of GateToken since its launch was at $25.95, marking its all-time high.
What is the 24-hour trading volume of GateToken?
The trading activity of GateToken over the last 24 hours was at 1.451M, highlighting its liquidity in the market.
How many GateToken are there in circulation?
There are approximately 104.7M units of GateToken currently in circulation, affecting its market dynamics.
What is the relative popularity of GateToken?
GateToken market cap is around 1.139B.
When was GateToken created?
GateToken was introduced on 21 Apr 2019.
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