$GT is primarily used to pay transaction fees on the GateChain network and its high-speed Layer 2 solution, Gate Layer.
Users can stake $GT deflationary design; over 60% of the original supply has been burned via scheduled events and a quarterly buyback-and-burn using 15% of Gate.io's revenue. Holding GT provides benefits within the Gate.io exchange ecosystem, such as fee discounts, VIP tier access, and participation in token launches.
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$GT is primarily used to pay transaction fees on the GateChain network and its high-speed Layer 2 solution, Gate Layer.
Users can stake $GT deflationary design; over 60% of the original supply has been burned via scheduled events and a quarterly buyback-and-burn using 15% of Gate.io's revenue.
Holding GT provides benefits within the Gate.io exchange ecosystem, such as fee discounts, VIP tier access, and participation in token launches.