gateToken broke through $17.699, user growth and reserve report help GT reach new highs

The native token GateToken (GT) of the cryptocurrency exchange Gate.io hit a new all-time high in December, briefly surpassing $17.699 and experiencing a 20.1% increase in the past 24 hours, continuing to set new records. The achievement of reaching the milestone of 20 million Gate.io users and the recent release of the December reserve report have both positively impacted this upward trend.

As the native token of GateChain, GT can be used to pay for transaction fees, and holders will enjoy VIP benefits, airdrop rewards, PoS income, and other preferential rights. At the same time, GT is also the only official platform token of Gate.io, deeply bound to Gate.io's global development. According to Coingecko data, GT ranks second in the global platform token, second only to BNB, with a 24-hour trading volume of over 44 million US dollars.

The popularity of GT continues to rise, accompanied by increasing scarcity, and its value in the market is constantly being reflected. Currently, the annualized mining yield of GT reaches 10.89%, with more than 22,000 participants and a total staking amount exceeding 261 million US dollars. Gate.io implements the GT repurchase and burn mechanism steadily, creating a sustained deflationary economic model, repurchasing and burning 15% of platform revenue every quarter. The accumulated value of GT burned has exceeded 180 million US dollars, accounting for 58.06% of the total burned amount. The circulating supply is less than 100 million, making the remaining supply even more precious.

Gate.io achieved multiple breakthroughs in terms of platform scale and brand influence in 2024, driving a strong increase in the price of GT. In early December 2024, Gate.io released its December reserve report. The report shows that Gate.io's total reserves reached a historical high of $9.566 billion, with a total reserve ratio of 123.91%. The reserve ratios of multiple currencies are all above 120%, leading the industry average. Gate.io's excess reserves also reached $1.846 billion, a year-on-year increase of 68.89%, setting a new platform record, and the excess reserve ratio is 23.91%, all of which reflect the platform's commitment to user asset security.

In an official AMA on December 13, 2024, Kevin Lee, Chief Business Officer of Gate.io, revealed that the platform's reserve fund has exceeded 10 billion US dollars, now ranking fourth in the global industry. At the same time, Kevin Lee once again called on industry participants to promote the healthy and sustainable development of the cryptocurrency industry with a win-win attitude, and to build a healthy and sustainable cryptocurrency ecosystem.

A few days later, the number of registered users on Gate.io officially surpassed the 20 million mark, reflecting the trust of users in the platform. This milestone achievement not only demonstrates Gate.io's outstanding competitiveness in the global market, but also further consolidates its leading position in the industry.

Gate.io's achievements in 2024 have provided strong support for the rally in December. In August 2024, Gate.io officially announced its sponsorship as the official sleeve badge sponsor of the Inter Milan Football Club, and the brand logo appeared on the jerseys of the men's team, women's team, and U20 team. When this news was officially announced, Dr. Han Lin, the founder and CEO of Gate.io, said, "We have always been committed to innovation and community engagement, and look forward to bringing an exciting new experience to global Inter Milan fans, and exploring more possibilities between football and the digital asset world." This collaboration will promote Gate.io to jointly produce exclusive content with Inter Milan Football Club, host joint marketing activities, co-branded merchandise, and create opportunities for fans to interact both inside and outside the stadium.

Dr. Han Lin, the founder and CEO of Gate.io, said, "Gate.io has always been committed to ensuring the security of user funds and enhancing its brand influence. These efforts will make the platform an important industry builder and further strengthen its market leadership."

Disclaimer:

This content does not constitute any offer, solicitation, or suggestion. You should always seek independent professional advice before making any investment decisions. Please note that Gate.io may restrict or prohibit all or part of the services from restricted areas. Please read the user agreement for more information, link: