Blockchain assets exchange platform, Gate.io has today announced the release of GateChain and GT, an innovative blockchain due to fuel a new decentralized exchange.
GateChain is a public blockchain dedicated to the safety of blockchain assets. The newly invented onchain safe accounts guarantees onchain security features to prevent crypto assets from being stolen or private keys being lost. GateChain offers users high speed decentralized trading by ordering and matching trades efficiently in a peer to peer manner.
Alongside the prevention of theft, GateChain will also empower users and traders with innovative tools to avoid human error, which is a major pain point for mainstream adoption of crypto currency and blockchain technology. In addition, the new platform will provide a greater level of transparency, security and integrity for global real time digital asset trading. Gate.io’s new GateChain offering aims to address these demands to ensure a fair and open ecosystem for all users.
GT will be the main currency on the GateChain network which will support the infrastructure. It will utilize the Proof Of Stake (POS) mining mechanism to save energy and support the Blockchain network, resulting in continuous distribution to the holders supporting the network. Gate.io will leverage its strengths and its strong influence in the blockchain industry to implement the GT ecosystem.
Virgilio Lizardo Jr., Vice President of International Affairs at Gate.io commented on the launch: “We are thrilled to be releasing GateChain and we are excited for anyone who wants to experience the future of global asset trading on a decentralized, secure, transparent peer to peer trading infrastructure to start using it. Gate.io is committed to innovation that empowers people around the world to trade, engage with and benefit from blockchain technology in fresh and approachable ways. We will continue to drive the industry forward through redefining the bounds of a global decentralized world.”
GT will be available to distribute on the 8th April 2019. For more information on the launch and the roadmap of GateChain, please visit the Gate website: https://www.gate.io/ or watch this video for more details on the launch: https://www.youtube.com/watch?