Launches Gate Web3 Futures, Offers $30k in Prizes to Early Adopters
2 min readJun 6, 2023, a top-rated global cryptocurrency exchange, has launched a new decentralized ZK-powered perpetual futures DEX based on GateChain alongside a series of prize-winning activities for early adopters and testers.

The future of decentralized futures trading

Gate Web3 Futures is a new order book-style decentralized exchange that provides fast, secure, and highly liquid trading on perpetual futures for non-custodial traders. It’s built upon GateChain, a decentralized public blockchain, and utilizes ZK-Rollups to enable a fast, CEX-like trading experience that remains trustless and permissionless.

The advantage of Gate Web3 Futures over traditional exchange markets is that users can freely access the platform using self-custodied crypto and wallets, with all funds remaining on-chain and safely handled by smart contracts. Furthermore, with its familiar order book style trading, users can seamlessly access the next generation of Web3 trading without much adjustment.

Also, through GateChain’s cross-chain features, Gate Web3 Futures provides easy and seamless trading on assets across multiple blockchains, supporting mainstream chains such as Ethereum, BSC, and more. Users will also find a deep market with high liquidity. For example, the BTC/USDT pair has reached a depth of 500,000 USDT with price differences as low as 0.5 USDT and a peak trading volume upwards of $1 billion.

Rewards for early testers

Between June 1st and June 15th, offers limited edition NFTs and prizes, cumulatively worth up to $30,000, for users who make their first deposits, trade, and submit feedback on the Gate Web3 Futures platform. Additional bonus prizes in the form of commissions up to 60% are offered to users that refer other new users. To participate, users must complete a questionnaire form and follow all rules and guidelines outlined in the event announcement.

Web3 tools primed for the masses

Web3 is on the verge of fully actualizing, and is committing significant resources to ensure users have access to innovative blockchain-based solutions to leverage the newest iteration of the Internet. These solutions aim to bring greater financial inclusion through easy-to-use, openly accessible, and fully-featured decentralized platforms and tools to ensure everyone is ready for Web3.