What is Gatechain Token?
GateChain (GT) is a next-generation public blockchain created by cryptocurrency exchange platform Gate.io to promote on onchain asset safety and decentralized trading. GateChain mainnet provides blockchain developers with a lighting fast smart contract virtual machine to create decentralized applications (dApps). GateChain Blockchain presents an industry-first clearing mechanism and uniquely designed account structures allowing users to transfer payments, issue their own digital assets, create multi-signature accounts, and reach network consensus using a Proof-of-Stake (PoS) validation mechanism. Anyone can build a full node to help validate transactions on the GateChain mainnet or to run their own blockchain network. Vault accounts are designed with advanced security and functionality including revocable transactions and private key restoration. GateChain provides a scalable and interoperable decentralized finance (DeFi) ecosystem allowing users to convert between BSC, HECO, and Ethereum token standards using GateBridge and GateChain DEX (decentralized exchange) to swap between digital assets using Gate Token (GT) to pay for network transfer fees.