Gate.io crypto exchange funding new cryptocurrency with $64 million
Join Our Telegram channel to stay up to date on breaking news coverage Gate.io, a cryptocurrency exchange s, just raised $64 million for its new cryptocurrency . Entering the cryptosphere As one of the oldest Chinese crypto exchanges in existence, the project’s asset will serve similarly to Binance’s Binance Coin (BNB) in that the asset is there to ease the investment process on its respective platform. The cryptocurrency will is called Gatechain Token (GT), and so the exchange has raised $64 million to fund it. The group recently said that there were tons of backers looking to jump into the asset. Gate Token will help pay for transaction fees just like BNB. Despite this investor interest, the project won’t be live until Q4. In an interview with CoinDesk, Gate.io Chief Marketing Officer Marie Tatibouet revealed that it sent out 150 million tokens during the first phase of its fundraiser. This period went from April 8 to April 14. Making it in this world G...