Gate Launches Layer 2 Network and Upgrades GT Tokenomics

A gate layer built on top of the OP stack and fully EVM compatible, leverages Gatechain as its payment layer. It offers faster and cheaper transactions while maintaining strong security.

This update also integrates GT staking, allowing users to contribute to network stability and earn rewards. This places the gate layer as a competing player in the Extended Layer 2 ecosystem.

GT Tokenomics: Stability and Deflation

With the launch of the GATE layer, GT acts as an exclusive gas token, providing power for transactions and charges on the network. GATE maintains a dual deflation model consisting of scheduled buybacks and burns, along with on-chain burns. According to the latest data, GT achieves a cumulative burn ratio of 60.18%, reducing circulating supply and potentially increasing the long-term value of its holders.

Tokonemics upgrades also incorporate staking mechanisms. By locking GTs on the network, users help stabilize gas costs and earn rewards, creating mutually beneficial systems for both the network and the community. This reflects trends seen in other Layer 2 ecosystems, such as polygons where token holders participate in staking or governance to support the health of the network while receiving incentives.

Gate layer and GT token upgrades offer two important benefits: faster, cheaper transactions and a clearly structured deflationary token model. By combining staking, gas utilities and burn mechanisms, GATE coordinates developers, traders and holders incentives.

More about Gatelayer

To increase flexibility and profit opportunities for Gatechain nodes, the network now supports adjusting the maximum committee parameters of the consensus account. Previously capped at the default of 1%, on-chain consensus accounts allow you to freely set your own maximum fee rate, allowing you to increase the room for stable mining revenue.

By becoming a GateChain node, users can participate in consensus mining, set priority committee levels, and earn rewards while helping to secure the network. This update provides detailed guidance on node installation, delegation procedures, and how rewards are shared between consensus and delegated accounts, and is part of a broader effort to make Gatechain’s consensus easier and more rewarding.

Gate Launches Layer 2 Network and Upgrades GT Tokenomics

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Post Gate launched a Layer 2 network and upgraded GT Toconomics, which first appeared in Altcoin Buzz.

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