To enhance communication with our users, Gate.io has started sharing the Gate.io Bi-Weekly Report. You can scan through the recent updates and announcements from the 16th till the 31st of May 2020, which have been summarized in this report.
GateChain Testnet 4.0 was launched and GateChain Mainnet will be launched before the end of June 2020. Gate.io started to provide Proof of 100% Collateral in May, being the first-ever mainstream exchange that provides 100% collateral and to have had an audit performed by an external accounting firm. IOS TestFlight (V2.4.7) has been released with added features of “Follow” and “Subscribe”. Meanwhile Gate.io now supports “Posts” on Web. Gate.io has compared the fees of major crypto exchanges, and it was found that Gate.io offers better fees than other mainstream exchanges. The volume of perpetual contracts trading reached $2,462,089,995; the volume of crypto-crypto trading reached $1,019,901,107.
1. Gate.io is the First-ever Mainstream Exchange That Provides 100% Collateral
In 2019, Gate.io gained a certification mark from the global organization Blockchain Transparency Institute based on its real trading volume. At the end of 2019, BitUniverse revealed a list of global crypto exchanges that actually own the supposed digital assets. Gate.io ranked in 10th on the list with apparent digital assets which contain 30,000 BTC. We received a BTC Reserves Assessment Report (100% Collateral) in May and have published the verification procedure, code and report on Github ,becoming the first-ever mainstream exchange that provides and proves 100% collateral. For more details, please check here
2. GateChain Testnet 4.0 Launch and GateChain Mainnet Will be Launched Before the End of June 2020
After the release of GateChain Testnet 3.0, we updated the Development Progress of GateChain#1 and Development Progress of GateChain#2 . As the development work ran smoothly, GateChain Testnet 4.0 was launched on May 27th, 2020! This was the final important upgrade and performance optimizations for GateChain’s Testnet before the launch of GateChain’s Mainnet.
Moreover, it also boasts the most appealing features and performance ever since the introduction of Testnet: 1. A 2000+ TPS (Transactions per Second) has been reached amid the testing environment and tens of hundreds consensus nodes are currently supported; 2. with GateChain Testnet 4.0, every miner can become a supernode to participate in PoS mining; 3. Grover and Shor quantum algorithms are adopted to make it non-vulnerable to quantum computing attacks; 4. double earnings for loyal nodes ensures PoS security and the innovative regulating mechanism prevents the network from becoming centralized. For more details, please check here
3. Gate.io Has the Best Fee Among the Major Crypto Exchanges We Looked into
Recently, Gate.io has compared the fees of major crypto exchanges. We are happy to find that Gate.io offers better fees than other exchanges, no matter whether it is for new users, VIP users, advanced VIP users, or professional users. Users with different trading volumes enjoy different discounted fees. The best Maker fee on Gate.io could be -0.01% and for Takers the lowest would be 0.016%. Among the major exchanges we compared, Gate.io is the only platform using POINTs and simultaneously accepts 10% off for new users, where new users can enjoy a fee lowest to 0.049%. For more details, please check here
4.Gate.io will Support ETC “Phoenix” Hard Fork Upgrade on June 1st, 2020
ETC (Ethereum Classic) will upgrade the “Phoenix”hard fork at a block height of 10,500,83, at the estimated time of GMT 03:41 on June 1st, 2020. Gate.io will support this upgrade; ETC’s deposit/withdrawal and trading services will not be affected. Please deposit ETC to Gate.io and you will get upgraded. For more details, please check here
5. Gate.io Now Supports “Posts” on Web
Currently, “Posts” are supported on both Web and APP, allowing users to share their moments through mobile devices and PC at the same time. Android V2.6.2 and V2.6.2+, and iOS TestFlight 2.4.7 are available for “Posts.” Feel free to upgrade or download to experience our new features. For more details, please check here
6. Gate.io Has Launched Wallet.io V1.7.0
The new version Wallet.io V1.7.0 allows users to create their wallet.io account to log in to Wallet.io and Wallet.io Pro (multi-signature wallet). Meanwhile, Wallet.io now supports mainnet assets of ONE(Harmony), KAVA(Kava), and RVN(Ravencoin) Chains, making Wallet.io the only decentralized wallet that supports these tokens both on Web and in mobile App. Wallet.io now supports almost all the major crypto assets such as BTC, ETH, EOS, BCH, BCHSV, Tezos, Tron, ATOM, AE, etc. For more details, please check here
7. Gate.io Has Released iOS TestFlight (V2.4.7) With Added Features of “Follow” and “Subscribe”
An improved “Posts” feature, through which users can share their moments with other users, follow other users and check their followers and following; added features of “Public posts,” “Hot” and “Follow”; an added “sub-scrip-tion” feature, encouraging users to share original high-quality posts to attract followers to pay to subscribe; an added feature of “Talk to the Streamers”, allowing users to speak online with the streamers. For more details, please check here
8. The Voting to Enable the Trading Service of NAX/USDT Finished and Trading Service of NAX/USDT is Available
By 04:00 GMT on May 20th, 2020, there were 205 participants, contributing 2,095,581 votes in total. The trading service of NAX/USDT has been enabled at 04:00 GMT on May 21st, 2020, and the withdrawal service has been available afterward. Gate.io has distributed a total of 10,000,000 NAX airdrops to voters. For more details, please check here
9. Coti Won at the Listing Vote #10 and the Trading Services of COTI/USDT has been Available
By 04:00 GMT on May 27th, 2020, there were 2,115 participants, contributing 48,287,917 votes in total. For Coti, there were 1,782 supporters with 39,023,800 votes. Coti was the winner in this round. Gate.io has distributed COTI airdrops to voters. For more details, please check here
10. Startup 20% Discount BTC Sale (№24) Sold Out in an Hour
Gate.io offered $250,000 worth of BTC for sale with a 20% discount via ‘Startup’ at 4:00 GMT on May 28th, 2020, which got sold out one hour into the launch. In this sale, there were 1,449 participants, and a total of about 2.34 million USDT worth of orders were placed to purchase BTC with a 20% discount.
11. Gate.io 4th Round of the 7th-Anniversary BTC Lock-up & Earn Sold Out, 5th Round of 7th-Anniversary ETH Lock-up & Earn Sold Out in 2 Hours
Gate.io launched the 4th round of the 7th-anniversary BTC Lock-up & Earn on May 20th, which was sold out on May 21st. There were 319 participants in total in this ‘Lock-up & Earn.’ Gate.io launched the 5th round of the 7th-anniversary ETH Lock-up & Earn at 04:00 GMT on May 27th. Users were very eager to take part in the activity, and consequently, all the provided ETH was sold out a little under 2 hours after the commencement of the ‘Lock-up & Earn’. The 6th round of 7th-anniversary EOS Lock-up & Earn (30 days) with annual interest rate of 10% will be launched at 04:00 GMT on June 3rd. For more details, please check here
12. AMA with KardiaChain on May 28th
Another supercharged AMA with CEO and Co-founder KardiaChain, Tri Pham, took place on May 28th. Our CMO, Marie Tatibouet asked some exceptional questions to get straight to the fundamentals of the project itself as well as reflect on how KardiaChain has been doing since its launch on Gate.io. For more details, please check here
13. Gate.io BTC Sale for 7th Anniversary GT Buy-Back, 386,241.1124GT Burned
In this “Special Offer,” Gate.io has received 175,000 USDT. The team has purchased 386,241.1124 GT from the open market; the purchased GT have all been transferred to the token burn address.
Current circulating supply is 188,629,748.5433 (total supply-burned amount); actual circulating supply is 158,629,748.5433 (current circ. supply- GT Safety and Law Fund)
*Note: The Fiat-Borrowing/Lending Deposit is not deducted from the actual circulating supply this time.
Fore more details, please check here
If you have any suggestions that can help us improve this report, do let us know!
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Spot Trading on Gate.io (200+ tokens):https://www.gate.io/trade/BTC_USDT
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May 31, 2020