Loyalty Bonus Award of 8%
Everyone who stakes their GATE Tokens before March 11th at 6 PM CET will earn a one-off ‘Loyalty Bonus Award’ of 8% payable by 23:59 CET March 11th.
The fuel that drives the GATENet Network.
GATE token is the utility token that is used within the GATENet network for GATENet Fees, Staking, Burning And Governance. It underpins our settlement of fees within the GATENet network while supporting the adoption of digital assets.
Fees are payable to GATENet in fiat or GATE tokens. All fees paid to GATENet will be split three ways between (1) stakers, (2) GATENet (in order for GATENet to maintain its services), and (3) burning.
Empowering participation within the GATE community to vote on future developments of GATENet and the GATE Token.
GATE Tokens may be staked to earn staking rewards and participate in governance.
A percentage of GATENet fees will be used to purchase GATE tokens from the open market for staker awards and burning.
You can stake your GATE Tokens, directly from your own wallet and receive rewards for supporting the GATENet Network.
Check out our useful Guide on how to stake and visit our staking platform.
All GATENet Fees are split between GATENet and GATE token stakers with a further amount being burned. The 3 way split will be eventually determined by the GATE Token community via the staking function as determined by governance voting – an example of allocation is as follows: