GateToken

GateToken (GT) is the native token of Gate Chain, a layer-1 blockchain network built to be compatible with the EVM standard, letting existing compatible applications migrate onto it. The network uses a consensus mechanism it calls GateMint to confirm blocks in real time, which it says avoids rollback issues during periods of heavy transaction volume. GT can be staked by holders, and the platform also runs a validator programme for those who want to help secure the network. Documentation, a block explorer, a testnet faucet and developer endpoints are provided for teams building on the chain. Gate Chain has released several mainnet version upgrades to support ongoing development. It sits alongside a related project called Gate Layer, which the site describes as scaling using the Gate Chain network's foundation to support further growth in decentralised application development.