GateChain was launched by Gate.io, a global crypto exchange, in 2018. The company is based in [Zurich], Switzerland, and was founded by Thomas Kofler and Wassilios Lytras, according to Crunchbase.

GateChain [boasts] a block time of just 4 seconds and can achieve up to 2,745 [transactions per second] (TPS), while offering low gas fees of as little as $0.0001 per transaction. Developers can create and deploy their own smart contracts on the GateChain network, which provides a vast array of potential use cases. To encourage developers to migrate their Ethereum dApps to GateChain, GateChain introduced an 'EVM account' type and expanded the account system. The platform also supports Ethereum's 0x address, which allows users to run their assets on both networks using the same address without having to create a new account on GateChain.

There are 97,810,057 GT tokens circulating as of June 2023. The maximum supply is 300,000,000.

GateChain is secured by a proof-of-stake algorithm. Users can stake their GT tokens and become validators responsible for security of the network and process transactions in exchange for a share of the transaction fees, paid in GT tokens. The GateChain team also developed an on-chain safety account and customizable time-delay recovery features to offer users asset safety even if private keys are hacked.

GateToken is listed on [Gate.io], [Huobi], [LBank], [Bitfinex] and more. Want to keep track of GT live prices? Download the [CMC mobile app].