Crypto exchange Gate.io has just launched trading with Gatechain Token (GT), its own token . The new coin can be traded in pairs with USDT and BTC, the company said on its official Twitter account.
The GT Token is the currency of Gatechain's blockchain, which has not been released yet. The token may also be used to take part in the initial exchange offerings (IEO) held on the Gate.io platform.
Gate.io also provides Gate Points to lower fees, in addition, each Gate Point can be exchanged for 2.5 GT.
The crypto trading platform has recently reported it has attracted around $64 million in cryptocurrencies to launch its own token. According to the exchange, last week it sold over $2.9 billion in Gate Points . The launch of Gatechain's blockchain is scheduled for the fourth quarter of 2019.
Gate.io has also announced the celebration of the first IEO on its platform: the Cryto Neo-value Neural (CNNS) project. Also, the second project to run an IEO will be DREP startup, a platform for creating tools for developers of dApps that allows them to launch their own assets in several blockchains and create wallets as well as trading platforms. IEO project DREP will take place on April 25.
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