Gate

Gate (GT) is the native token of the Gate exchange, one of the longer-running centralized cryptocurrency trading platforms. Like other exchange tokens, it gives holders fee discounts and access to platform programs such as launchpad allocations and staking products.

GT also serves as the gas and staking token for GateChain and the newer GateLayer network, the exchange's own blockchain infrastructure. That gives the token a role beyond the exchange account balance, as fees on the chain are paid in GT and validators stake it to secure the network.

Supply and burns

GT has a maximum supply of 142,622,844 tokens. Total supply currently sits at roughly 119 million and circulating supply near 107 million, which reflects a history of buybacks and burns funded from exchange revenue that have permanently removed tokens from the maximum. Ongoing burns are set by the exchange rather than by protocol rule, so the pace can change.

What drives it

An exchange token's value is tied to the exchange's business. Trading volume, the size and terms of the fee discount, launchpad participation rules, and the burn schedule all sit under the issuer's control. Regulatory developments affecting where the exchange can operate also matter, since restrictions in a major market directly reduce the volume that funds the token's benefits.

The dual role as both exchange token and chain gas token is increasingly common among large trading platforms, but the chain-side usage is generally much smaller than the exchange-side usage. Anyone evaluating GT should look at current on-chain activity separately from exchange activity rather than treating them as a single demand source.