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GT stands for Gatechain Token, it is the base currency of Gatechain's public chain, supporting the infrastructure of the Gatechain public chain. GT is the main network fuel of Gatechain, paying the network transfer fee. Gatechain encourages GT holders to protect the network health through PoS equity mining. Gate.io will also adopt GT as part of its eco.
GT can only be gained via Gate.io. Gate.io gave away 300 million GT to users in the initial stage of the POINT launch. The GT distribution started at UTC 4:00, April 8th, 2019. There was no ICO and no private sale.
Other than the DEX it provides, Gatechain creatively solves two safety issues, including 1) how to recover stolen digital assets and 2) how to find lost private keys.
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