“Huobi FastTrack”: GateChain Token

【Brief Intro】
GateChain is a public blockchain dedicated to blockchain assets safety and decentralized exchange. The new invented onchain-safety- account and customizable-time –delay-recovery feature guarantee the blockchain asset safety even after the leakage or destruction of the private keys.

【Detailed Introduction】
GateChain is a public blockchain dedicated to blockchain assets safety and decentralized exchange. The new invented onchain-safety- account and customizable-time –delay-recovery feature guarantee the blockchain asset safety even after the leakage or destruction of the private keys.

GateChain has a new invented onchain-safety-account feature to protect funds from thieves and a new invented customizable-time–delay-recovery mechanism for recovering funds in destroyed private keys. GateChain also has high speed blockchain (1 second block and instant block finality) and natively supported decentralized exchange.

GateChain Token (GT) is the native token of the GateChain mainnet. GT is used to pay the transaction gas on GateChain mannet. GT is rewarded from PoS mining. GT is also part of Gate.io ecosystem.

【Token Distribution】
Gate.io users:30%
Research & development:20%
Marketing promotion and expanding foundation:10%
Community development foundation:20%
Main network PoS mining or holding reward:20%

【Information and Release of Token】
The initial amount of GT distributed will be 300 million, out of a total amount of 1 billion distributed over 10 years.
The 300 million GT will be awarded to users with the POINTs purchased publicly. There is no ICO, no private sale, no distribution to team, no preorder, and no reservation for institutions.

【Token Release】
300 million GT (30%) distributed to Gate.io users
200 million GT (20%) research & development (locked 12 months and release linearly over 10 years)
100 million GT (10%) used for marketing promotion and expanding foundation (locked 12 months and release linearly over 10 years)
200 million (20%) Community development foundation (locked 12 months and release linearly over 10 years)
200 million (20%) Main network PoS mining or holding reward with 2.5% increasing rate to pro-tect healthy network operation

【Related links】
Website: http://www.gatechain.io/
Twitter: https://twitter.com/gatechain_io
Medium: https://medium.com/@gatechain
GitHub: https://github.com/gatechain
Facebook: https://www.facebook.com/gatechain/
Instagram: https://www.instagram.com/gatechain/
Telegram: https://t.me/gatechain