GateChain Monthly Report — 2022.July

1.Technology & Product Update

2.Ecosystem Development

As a secure, scalable and interoperable public chain which focuses on on-chain asset safety as well as decentralized trading, GateChain has been running stably over two years. It has been continuously expanding its ecosystem and concentrating on the development of native DeFi and NFT products.

2.1 HipoDeFi

HipoDeFi is a one-stop platform for all your DeFi needs. Aggregating and sorting out various DeFi projects, providing users with the tools that they need to simplessly & efficiently perform functions such as swaps, cross chain transfers, liquidity mining as well as lending/borrowing at the best interest rates. Through detailed real-time data analysis, it helps users discover investment opportunities and manage their DeFi assets. A faster and safer gateway to the DeFi world.

Click here to enter the HipoDeFi official website for more information.

2.2 GateBridge

GateChain’s original cross-chain protocol, GateBridge, is a decentralized solution based on liquidity pools. GateBridge has completed its integration with more than 10 mainnets including Ethereum, GateChain, Polygon, BSC, Fantom, Arbitrum, Avalanche, Heco, OKExChain, & Klaytn. Anyone can create a cross chain liquidity pool via GateBridge by adding liquidity to the asset pool before proceeding with the swap between 2 tokens.

2.3 HipoNFT

HipoNFT is a native decentralized NFT platform based on GateChain. The MVP version will support NFT purchases, sales, minting and some more innovative functions!. HipoNFT is now under internal testing and is expected to go live in August 2022. Stay tuned!

GateChain Ecosystem

As of July 31, 2022, GateChain officially announced a total of 14 supporting projects, covering sectors including wallets, cross-chain bridges, NFT, DeFi, Web 3.0, AI, etc.

GateChain provides support for creative ideas and projects including GateGrants funding, subsequent funding opportunities, interoperable resources, traffic introduction, technical consultation, strategic planning, etc.

For more information about the GateChain ecosystem, please click to view the “GateChain Ecosystem page”. More ecological projects are under integration and will be announced soon. Stay tuned!

2.4 Projects that deployed on GateChain in July

2.4.1 TripleFi, the derivative DEX supporting 25x leverage, is now live on GateChain

TripleFi is an easy-to-use perpetual DEX supporting BTC, ETH and other altcoins. It supports up to 25 times leverage trading.

Users can use TripleFi on GateChain for the following.

1. GateChain USDT wallet depostis.

2. Open leveraged long or short positions on any existing trading pair with USDT margin.

3. Add USDT (or any other coins) to the liquidity pool to earn competitive yield returns.

Click here to know more about TripleFi.

2.4.2 The new Fi+ gaming platform BovineVerse is live on GateChain testnet — Meteora

BovineVerse is now live on GateChain Meteora, expanding the GameFi variety in GateChain’s ecosystem!.

Issued by Singularity Studio, BovineVerse is a new Fi+ metaverse platform in the era of Web 3.0. Releasing 3 creative and interesting blockchain games and applying DAO governance to online social networks, gamers are in for a treat!

Click here to know more about BovineVerse.

2.4.3 xHashtag: Web3 Credentials for Future of Work, is now live on GateChain

xHashtag is a Web3 protocol providing on-chain credentials for Future Of Work. Using reputation credentials, brands can dynamically assemble skilled teams while users are able to curate their Web3 reputation and earn in exchange for creating value.

xHashtag has recently integrated with GateChain’s Mainnet. Users can visit app.xhashtag.io and try out the following functions on GateChain:

  1. Our unique #SoulSwag SBTs which are on-chain non-transferable Reputation and Skill badges.
  2. Launch a fully configurable & liquid staking vault with zero technical knowledge required, including minting your own $project tokens in less than 2 minutes!
  3. Participate by staking in already provisioned vaults to earn attractive staking rewards.

Click here to know more about xHashtag.

3.Community Events

3.1 Tour de GateChain — GateChain X xHashtag Joint Community Event

On June 28th, GateChain held a joint community event (Tour de GateChain) with xHashtag, which ended on July 22nd. GateChain provided $8,000 worth of $GT rewards to active community members who successfully completed a variety of tasks. Rewards have been successfully distributed to the winners’ on-chain addresses and Gate.io UID accounts.

To check more details and the winners’ list, please go to: “Tour de GateChain with xHashtag Event Recap and Rewards Distribution

3.2 GateChain X Nabox AMA Event

GateChain held an AMA (Ask Me Anything) event with Nabox, discussing GateChain’s vision, R&D direction, future plans, upcoming decentralized NFT marketplace and so on. GateChain provided active community members with $200 worth of $GT airdrops in this event.

For more details, please click to view: “GateChain X Nabox AMA Event

3.3 GateChain‘s Second Anniversary

As of July 1, 2022, the GateChain mainnet passed its 2 year mark. As a secure, scalable and interoperable public chain, GateChain has been running stably during this period and has been continuously expanding its ecosystem.

GateChain is a next-generation public blockchain, focused on on-chain asset safety and decentralized trading. With a uniquely designed Vault Account, primed for handling abnormal transactions, GateChain presents an extraordinary clearing mechanism, tackling the challenges of asset theft and private key loss. Decentralized trading and cross-chain transfers are also supported, alongside other core features.

3.4 Latest update of GateChain’s native asset $GT

As the native asset on the GateChain, GT is at the core of every operation. Its use cases are as follows.

  1. GT can be used to pay network transfer fees.
  2. GT is a stable incentive for users participating in staking.
  3. GateChain supports token issuance and asset digitization via GT.
  4. Multi-signature account management & ownership sharing, via GT. Suitable for both enterprise and family demands.

For more information on $GT, please click: “GateChain’s Native Asset — GT (GateToken)

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