Over $440M Orders Purchased – Gate.io Announces Gatechain Token (GT) Point Sale and GT Reward Distribution Results


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Chinese Cryptocurrency Exchange, Gate.io – a veteran blockchain assets exchange platform, established in 2013 – has stated that the Gate.io POINT sale and GT reward distribution for the second day has been completed successfully with over USD 440 million worth of orders placed during the sale

The planned two weeks sale sold out in two days. 

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In the top 50 at Coinmarketcap for adjusted volume rankings, Gatechain is a public blockchain that will be supported by the GT token. 

The team writes:

“Our news has drawn much attention, with more people getting to know our principles, achievements, and vision of the blockchain industry. We are beyond excited to share that after the release of the announcement, the amount of our web visits has tripled, the number of daily new registered accounts has increased by 10 times, and the spot trading and contract trading volume has soared to 400 million USD.”

Gate.io will distribute 300 million Gatechain Tokens to its users over the next year. Gate.io will provide technical and financial support for GT to the main online trading platform as a mainnet asset. With future projects, Gate.io will support these to release project Tokens on the Gatechain mainnet.

GT distribution started with a 2-week sales period on April 8th, with GT being distributed for each Gate Point (which are pre-paid trading fees) purchased. Each day during these 2 weeks, users will be able to apply purchase Gate Points during a 2-hour period (UTC 4:00 A.M. – 6:00 A.M.). GT and GP are then awarded on a fair basis to all of those who applied. 

It’s apparently already sold out. 

Commenting on the GT distribution, Marie Tatibouet, Chief Marketing Officer at Gate.io said yesterday:

“In just one day, we’ve had over $388 million worth of orders placed. Due to the distribution limit, we were not able to fulfill all the demand – we encourage users to come back to the platform and try again.”

Users in the United States, Canada, Japan and other restricted countries (unnamed?) were not able to participate in the purchase.

Two weeks ago,  Gate.io, announced the relaunch of its platform for users based in the USA, Canada and Japan.

Two months ago, Gate.io was hacked and 54,200 ETC ( USD$329,536 today) was stolen.

Gate.io New Features:
Spot Trading on Gate.io (200+ tokens):https://www.gate.io/trade/BTC_USDT
Margin Trading on Gate.io (Long or Short):https://www.gate.io/margin_trade/BTC_USDT
Perpetual Contract Trading:https://www.gate.io/futures_trade/BTC_USD
Lending on Gate.io (secure and stable, high annual return):https://www.gate.io/margin/lend/USDT
C2C Trading on Gate.io:https://www.gate.io/c2c/usdt_cny
Download Gate.io APP:https://www.gate.io/mobileapp
Download Wallet.io (ALL in ONE):https://www.wallet.io/

About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST
2015), a partner at ICO services collective Token.Agency
($750m+ and 90+ ICOs and STOs), director of education company
Blockchain Partners
(Oracle Partner) and ICO event organiser
at leading industry event CryptoFinancing (Europe’s first ICO event now
branded Tokenomicon)
– Vancouver native Richard Kastelein is an award-winning publisher,
innovation executive and entrepreneur. He sits on the advisory boards
of some two dozen Blockchain startups and has written over 1500
articles on Blockchain technology and startups at Blockchain News and
has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.  Irish Tech News put him in the top
10 Token Architects in Europe.

Kastelein has an Ad Honorem – Honorary Ph.D. and is Chair Professor of
Blockchain
at China’s first Blockchain University in Nanchang
at the Jiangxi Ahead Institute of Software and Technology. In 2018 he
was invited to and attended University of Oxford’s Saïd Business School
for Business Automation 4.0 programme. Chevalier (Knight) – Ordre des
Arts et des Technologies at Crypto Chain University and an Advisory
Board Member of International Decentralized Association Of
Cryptocurrency And Blockchain (IDABC) as well as Advisory Board Member
at U.S. Blockchain Association. Over a half a decade experience judging
and rewarding some 1000+ innovation projects as an EU expert for the
European Commission’s SME Instrument programme as a startup assessor
and as a startup judge for the UK government’s Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain
technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels,
Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki,
London (5x), Manchester, Minsk, Nairobi, Nanchang, San Mateo, San
Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel
Aviv,  Utrecht, Venice,  Visakhapatnam, Zwolle and
Zurich.  His network is global and extensive.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has
ranged from the Canadian Native Press (Arctic) to the Caribbean
& Europe. He’s written occasionally for Harvard Business
Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work
and ideas have been translated into Dutch, Greek, Polish, German and
French. A journalist by trade, an entrepreneur and adventurer at heart,
Kastelein’s professional career has ranged from political publishing to
TV technology, boatbuilding to judging startups, skippering yachts to
marketing and more as he’s travelled for nearly 30 years as a Canadian
expatriate living around the world. In his 20s, he sailed around the
world on small yachts and wrote a series of travel articles called,
“The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on
yachts (1989) in major travel and yachting publications. He currently
lives in Groningen, Netherlands where he’s raising three teenage
daughters with his wife and sailing partner, Wieke Beenen.

Visit Website

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