[Crypto projects](https://revain.org/projects/) › Gate

# Gate (GT): how it works, supply and reviews

## Key facts

- **Ticker**: GT
- **Official site**: [gatechain.io](https://gatechain.io/)
- **Source code**: [github.com/gatechain](https://github.com/gatechain)

Data: CoinGecko (trading activity) and CoinPaprika (links), 2026-10-27. Only projects that still trade with meaningful volume are listed.

## What is Gate

GT (GateToken) is the native token of Gate Chain, an EVM-compatible layer-1 blockchain connected to the Gate crypto exchange group. GT pays transaction fees, sets consensus weight and is staked to secure Gate Chain and its layer-2 network, Gate Layer.

## Network and consensus

| Parameter | Details |
|---|---|
| Type | EVM-compatible layer-1 blockchain |
| Consensus | GateMint proof of stake: a Tendermint-based framework using Algorand-style VRF for node election |
| Launched | 29 June 2020 (Gate Chain mainnet) |
| Smart contracts | Yes, through an EVM module |
| Layer 2 | Gate Layer, an OP Stack layer-2 that settles on Gate Chain and is backed by GT staking; mainnet launched 25 September 2025 |

## Supply and issuance

| Parameter | Details |
|---|---|
| Fee burn | Part of each transaction fee is destroyed; an EIP-1559-style base fee burn was added in a network upgrade |
| Buyback and burn | GT is also reduced by periodic buyback-and-burn |
| Staking rewards | Consensus nodes earn block rewards and a share of fees; misbehaviour leads to slashing of staked GT |

## What GT is used for

- Paying transaction fees on Gate Chain
- Determining consensus weight and staking by validators
- Voting in governance, with delegation allowed
- Securing Gate Layer through GT staking

## Who develops and governs Gate

- **Company**: Gate (the Gate crypto exchange group); the Gate Chain website carries the Gate brand
- **Governance**: On-chain voting weighted by GT holdings, with delegation
- **Open source**: Code is published in the gatechain GitHub organisation

## History

| Date | Event |
|---|---|
| 29 June 2020 | Gate Chain mainnet launches, focused on asset security and decentralized trading. |
| 25 September 2025 | Gate Layer, an OP Stack layer-2 settling on Gate Chain, launches on mainnet. |
| 15 September 2025 | Gate Chain mainnet upgraded to versions v19 and v20. |

## Security and audits

- Vault accounts allow transfers to be revoked within a set period and redirected to a retrieval account, to address theft and lost keys.
- A revocable transaction model also lets abnormal proposals or malicious operations be reversed within a certain timeframe.

## Risks and caveats

- Some transactions and governance actions on Gate Chain can be reversed within a set period, so finality differs from chains without this feature.
- Staked GT can be slashed for malicious behaviour by a consensus node.
- The network is closely tied to a single company, the Gate exchange group.

## Official links

- Website: [www.gatechain.io](https://www.gatechain.io/)
- Docs: [gatechain.io/docs/general/introduction](https://gatechain.io/docs/general/introduction)
- Source code: [github.com/gatechain](https://github.com/gatechain)

## Questions and answers

**What is Gate (GT)?**

GT (GateToken) is the native token of Gate Chain, used for fees, consensus weight, staking and governance.

**How does Gate Chain reach consensus?**

Gate Chain uses GateMint, a proof-of-stake system built on a Tendermint-based framework with VRF node election, giving instant finality.

**When did Gate Chain launch?**

Gate Chain mainnet launched on 29 June 2020; its layer-2, Gate Layer, launched on 25 September 2025.

**Is GT deflationary?**

Part of every transaction fee is burned, and GT is also reduced by periodic buyback-and-burn.

## Sources

- [CoinGecko — Gate](https://www.coingecko.com/en/coins/gatechain-token)
- [CoinPaprika — Gate](https://coinpaprika.com/coin/gt-gatechain-token/)
- [Gate Chain — home page](https://www.gatechain.io/)
- [Gate Chain docs — Introduction](https://gatechain.io/docs/general/introduction)
- [Gate Chain docs — Consensus](https://gatechain.io/docs/general/consensus)
- [Gate Chain docs — Governance](https://gatechain.io/docs/general/governance)
- [Gate Chain docs — Announcements](https://gatechain.io/docs/announcements)
- [Gate Layer docs — What is Gate Layer](https://gatechain.io/docs/GateLayer/Introduction/)

## More in this section

- [Ethereum Classic (ETC)](https://revain.org/projects/ethereum-classic/)
- [JUST (JST)](https://revain.org/projects/just/)
- [KuCoin (KCS)](https://revain.org/projects/kucoin-shares/)
- [Algorand (ALGO)](https://revain.org/projects/algorand/)
- [Cosmos Hub (ATOM)](https://revain.org/projects/cosmos/)
- [Render (RENDER)](https://revain.org/projects/render-token/)
- [All Crypto projects →](https://revain.org/projects/)

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Page updated: 2026-10-29

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Source: https://revain.org/projects/gatechain-token/