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NFT Collection The Superlative Secret Society Price, Stats, and Review

cryptodaily.co.ukin 2 years
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XRP Price Prediction: Ripple Holds Strong Amid Broader Market Dip

cryptodaily.co.uk5 minutes ago
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Julius Baer onboards crypto veteran amid broad reorganization

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Why is Ethereum (ETH) price down today?

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thebitcoinnews.coman hour ago
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Crypto Price Analysis 3-28: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, RIPPLE: XRP, DOGECOIN: DOGE, BITTENSOR: TAO, JUPITER: JUP

LINE says it’s not in bed with Sony’s Soneium after all

cointelegraph.coman hour ago
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coindoo.coman hour ago
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Gate.io exchange raises $64 million to launch new cryptocurrency and blockchain

Apr 17, 2019 8:37 AM +00:00
0

Crypto exchange Gate.io has raised $64 million in crypto assets to launch its own cryptocurrency and blockchain through an IEO (initial exchange offering), CoinDesk writes.


Phase 1 of the raise began on April 8 and lasted seven days, during which the exchange distributed 150 million Gate Tokens (GT). According to Gate.io, GT will be launched on the exchange’s own yet-to-launch blockchain, Gatechain, set to be ready in around six months.


CoinDesk claims the Gate.io was heavily oversubscribed last week — orders to buy GT totalled as much as $2.99 billion.



To participate in the IEO, users ordered GT with Gate Points. A reward ratio of 2.5 GT per Gate Point depreciated every day by 3 per cent.


Gate Points can also be used to cover trading fees on the platform; normally, tether is used for that purpose. In reduced fees, 1 Gate Points costs 1 USDT, and can also be bought in bitcoin, EOS and Binance and Huobi tokens. 

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