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Crypto-exchanges play a really important role in the development of the ecosystem and the adoption of cryptocurrencies. And there is an increasing number of digital asset exchange platforms coming to the market, but not all of them have a happy ending.
In a highly competitive market, cryptocurrency 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 consolidate itself as one of the main and most important exchange platforms in the world.
Innovation, ease of use, security and adaptation to the needs of users 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 characteristics, and analyzing their history is helpful in determining the key to success. One case isGate.io, which celebrates nine years on 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 see the platform reach the second largest daily transaction volume in the world.
An exchange’s first steps on its path to success
Gate.io it was launched to the market in 2013, and currently it 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 progressive and the company needed several years to reach the position it occupies today.
Gate.io Startup IEO
In January 2020 it is updated Gate Startup IEO 2.0, a platform that provides funds to promising projects related to Bitcoin technology. The performance rate of Gate Startup projects is quite high, at 971.53% for July 2020, according to CryptoRank. Gate Startup IEO projects not only receive funding, but also advice to achieve their objectives more easily and efficiently.
GT: a native token is born
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 token of the platform on March 2, 2020. At its initial stage, the asset was distributed as a gift to those who bought “Gate Points”.
At first there was a total of one billion GT, but then 700 million were burned, so that the number of tokens in circulation is currently 300 million. GT represents an important part of the Gate ecosystem, and is used to reduce trading commissions, to participate in exclusive activities and to increase VIP level.
DeFi Ecosystem and Labs Incubator Incubator programs
In February 2021, the exchange Gate.io launch the incubator programs DeFi Ecosystem and Labs Incubator. In order for an increasing number of projects related to Bitcoin technology to join the blockchain GateChain, Gate Labs awarded funding in excess of millions of dollars. Apart from funds, Gate helps developers with exposure on its platform, support and the opportunity to be listed on the exchange.
Gate’s Blockchain is compatible with EVM
The GateChain blockchain was designed to offer its users unique functions 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 the eighth anniversary of Gate.io , was launched NFT Magic Box, a platform for creating and auctioning non-fungible tokens in a completely personalized way. The platform, together with GateChain, provides a cost-effective and high-performance blockchain, so artists should only concentrate 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 financing, operational 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: the exchange Gate.io celebrate your 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 adapts well to the needs of traders, regardless of their level of experience.
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 wallet.
To celebrate its ninth anniversary, the exchange will change its corporate identity to give it a fresher and more attractive appearance that matches the objectives of Gate.io . 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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