If there is one thing that you must know about the crypto ecosystem, it is this – things move VERY fast. The following is a snapshot of the coinmarketcap top 10 list way back in 2013.
It looks a lot different than what we are used to, right? In fact, as of now, only Bitcoin and XRP are the only ones that remain in the top 10. This again goes to show how scarily fast the crypto market moves. In 4 short years, we have gone from the ICO boom to the DeFi revolution, and now to the NFT craze. Yet, through all this, Gate.io has remained a steady presence in the marketplace by continually adapting and evolving to growing needs.
Why Has Gate.io Remained Steady?
There are two reasons why Gate.io has remained so steady throughout the years – the quality of products it offers and the undying loyalty of its users. Since good quality products breed loyalty, let’s look at how Gate.io’s product suite has given it an edge in a very temperamental market.
Going Beyond Simple Spot Trading – ETFs and Perpetual Contracts
Gate.io realized that crypto users have gotten more mature than ever before. So simple spot trading just won’t be enough to vet their appetite. That’s why Gate.io offers a lot more sophisticated financial instruments like Leveraged ETF and Perpetual Contracts. In September 2021, Gate.io’s leveraged ETF products crossed the $100 million milestone. At the same time, Gate.io’s derivatives trading has a $2.90 billion daily trading volume in 196 perpetual contracts and 24-hour open interest worth $1.86 billion.
Follow The Experts With Copy trading
Are you a beginner who is not that well-versed in how trading works? Then, simply use Gate.io’s “copy trading” to copy the strategies of some of the most successful traders on its platform.
To copy a strategy means that users can view the performance of a specific strategy created by others in the “Leaderboard.” If you are satisfied with the ROI then you copy their parameters. Do keep in mind that when you follow this method, 5% of the profits you earn will be credited to the strategy provider.
Conversely, if you are a trading expert, you may submit your trading strategy and earn 5% profits when someone picks it up.
Earn Passive Income With Liquidity Mining
Gate.io also offers you the opportunity to earn passive income with liquidity mining. In an automated market maker (AMM), each market is equipped with a corresponding liquidity pool. Users can choose to become liquidity providers by contributing to the pool and earning yield. This method of earning yield by providing dual-asset liquidity ot the pool is known as liquidity mining. Here is the current snapshot of Gate.io’s liquidity mining:
- Total Liquidity: 54,998,893.45 USDT
- Current Reward Pool: 904,134.79 USDT
- APR: ~980.30%.
Use Gate.io Startup To Fund New Projects
- Allows users an opportunity to invest early in a promising project.
- Give promising projects an ideal fundraising platform.
Plus, Gate.io also has a $100 million fund named Gate Ventures to provide funding to crypto startups. It is available to applicants interested in scaling their projects.
Participate In the NFT Ecosystem With Gate.io’s Magic Box
Gate.io’s NFT Magic Box provides a highly interactive ecosystem for both NFT enthusiasts and artists.
Due to the potential audience exposure, several popular NFT collections like Bored Ape Yacht Club (BAYC), MetaverseX, iFans, etc., have already integrated the Magic Box. In addition, Gate.io has also launched its unique range of OpenPunks NFTs, a community-driven NFT collection that inspires users and creators alike. Inspired by Loot, OpenPunks is an entirely attribute-based series of NFTs where users can provide their design based on the attributes that their OpenPunks feature.
One of the main features of the Magic Box is that it gives artists a platform where they can create their own NFTs with 0 minting fees. So, if you are an artist, you can just focus on art creation without worrying about the minting costs. This gives artists a lot of incentive to mint their artwork on the Magic Box. Plus, Gate.io also Initial NFT Offering (INO). The INO gives Gate.io users early access to new NFT collections while empowering its artists and creators by giving them access to a readymade marketplace.
As you can see, Gate.io has an extensive and high-detailed product suite, which has serviced the crypto community exceptionally well. Over the past eight years, Gate.io has evolved from an exchange to a thriving ecosystem that provides diverse products for every user. As the crypto ecosystem expands, so will Gate.io.