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Crypto exchanges play a really important role in the development of the ecosystem and the adoption of cryptocurrencies. And more and more digital asset exchange platforms are coming onto the market, but not all of them have a happy ending. In a highly competitive market, crypto exchanges must differentiate themselves to survive and achieve the long-awaited success. This goal is not reached overnight; There are many obstacles that an exchange must face to establish itself as one of the main and most important exchange platforms in the world. Innovation, ease of use, security and adaptation to user needs are basic ingredients for an exchange to be considered a benchmark in the world of digital assets. There are multiple exchanges in the industry that meet these criteria, and looking at their history is helpful in determining the key to success. One case isGate.iowhich celebrates nine years in the market and, to celebrate its anniversary, it will completely change its corporate image. The makeover also marks the beginning of a new chapter for Gate.io in the rapidly evolving and growing crypto economy, which frequently sees the platform achieve the second highest daily transaction volume in the world.
The first steps of an exchange on its way to success
Gate.io was launched on the market in 2013, and currently already has more than 10 million users who are part of their community. It is one of the exchange platforms with the largest number of crypto assets available (more than 1,400), and has a wide variety of financial services. How did Gate go from being a small exchange to a platform with millions of users? Its evolution was gradual and the company needed several years to reach the position it occupies today.
Gate.io Startup IEO
In January 2020 Gate Startup IEO 2.0 is updated, a platform that provides funds to promising projects related to Bitcoin technology. The rate of return on Gate Startup projects is quite high at 971.53% as of July 2020, according to CryptoRank. Gate Startup IEO projects not only receive funds, but also advice to achieve their goals more easily and efficiently.
GT: born a native token
After its creation in 2013, there was still a long way to go. A fact that marked the history of Gate was the creation of its native token, Gate Token (GT). GT officially became the platform’s token on March 2, 2020. In its initial stage, the asset was distributed as a gift to those who bought “Gate Points”. At first there was a total of 1 billion GT, but then 700 million were burned, so the number of tokens in circulation is 300 million today. GT represents an important part of the Gate ecosystem, and is used to reduce trading commissions, participate in exclusive activities and increase VIP level.
DeFi Ecosystem and Labs Incubator incubator programs
In February 2021, the Gate.io exchange launches the DeFi Ecosystem and Labs Incubator incubator programs. In order for an increasing number of projects related to Bitcoin technology to join the GateChain blockchainGate Labs provided financing of more than millions of dollars. Aside from funding, Gate helps developers with exposure on its platform, support, and the opportunity to get listed on the exchange.
Blockchain de Gate es compatible con EVM
The GateChain blockchain was designed to offer its users unique features and contribute to the construction and expansion of the cryptocurrency industry. The blockchain was launched in June 2020, and by May 2021 it was already compatible with the Ethereum Virtual Machine (EVM)a virtual machine that is part of Ethereum.
NFT Magic Box world premiere
In June 2021, during Gate.io’s 8th anniversary, NFT Magic Box was released, a platform for creating and auctioning non-fungible tokens completely personalized. The platform, along with GateChain, provides a high-performance and cost-effective blockchain, so artists need only focus on creating amazing works.
Gate Ventures, a venture capital fund
By September 2021, the exchange creates Gate Ventures, a venture capital fund that focuses on decentralization. Gate Ventures provides funding, operating resources and expertise for those who create next generation innovations. It also offers grants to open source projects involved in building the future of Web 3 and decentralized finance.
Nine years later: Gate.io exchange celebrates its anniversary
During the month of May 2022, Gate.io celebrates its ninth anniversary. The company has come a long way to become one of the leading exchanges in the industry. With its ups and downs, Gate strives to provide a quality service that is well suited to the needs of traders, regardless of their experience level.
The exchange was rated by Forbes Advisor with a score of 4.5/5, which is a reflection of its quality. In addition to exchange services, it also has decentralized finance, venture capital investment, research and analysis, and a wallet. To celebrate its ninth anniversary, the exchange will be changing its corporate identity to give it a fresher, more attractive look that matches Gate.io’s goals. On the other hand, users will be able to participate in the celebrations as a reward for being part of their community.
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