Gate: A trusted digital asset portal with eight years of deep cultivation.

Since its establishment in 2013, Gate has developed into one of the world’s top digital asset trading platforms, thanks to its relentless pursuit of security, compliance, and user experience. With millions of active users globally, Gate offers a diverse range of products and services, including spot trading, leveraged trading, contract trading, ETF trading, wealth management lending, and Startup projects.

Gate has always prioritized the security of user assets by employing technologies such as the separation of hot and cold wallets, multi-signature, and remote disaster recovery backups to build an unbreakable security defense. At the same time, its strict listing review mechanism ensures that users can access high-quality and promising digital asset projects. This robust operational style and continuous investment in technological innovation have earned Gate a good market reputation and laid a solid foundation for the smooth launch of this GT Simple Earn activity.

As the native platform coin of the Gate ecosystem, GT (GateToken) is not just a medium of exchange, but also an important engine that carries platform value and drives ecological development. GT has a wide range of practical scenarios and a unique value capture mechanism within the Gate platform: it is precisely based on the extensive application scenarios of GT and its position as the core asset of the Gate ecosystem that GT not only possesses practical value but also has long-term investment potential. This GT Simple Earn activity will undoubtedly further enhance GT’s market liquidity and holding attractiveness.

Simple Earn: A flexible and convenient tool for appreciating crypto assets

“Simple Earn” is a flexible and convenient financial product created by Gate for users, aimed at helping them make full use of idle digital assets to earn returns. Its core advantage lies in the term “current”, which means that users can subscribe and redeem assets at any time without the need to lock in a specific term, greatly enhancing the liquidity of funds.

In traditional finance, the returns on demand deposits are often low, while in the digital currency market, demand financial products have found a better balance between liquidity and returns. Simple Earn utilizes professional fund management and strategy deployment to use the assets deposited by users for on-chain DeFi protocols, high-frequency quantitative trading, etc., thereby achieving profit distribution. For users who do not wish to lock their assets for the long term, Simple Earn is undoubtedly an ideal source of passive income. In this event, Gate has added extra rewards to the Simple Earn GT demand product, significantly enhancing its competitiveness and making it a market focus.

SKATE: A pioneer in multi-virtual machine infrastructure, empowering a new cross-chain ecosystem.

One of the highlights of this GT flexible additional rewards pool is that the extra rewards will be distributed in the form of SKATE. This not only provides users with an additional value increment but also directs users’ attention towards Skate, a highly promising cutting-edge project.

Skate is an innovative multi-virtual machine infrastructure project aimed at addressing the increasingly prominent issues of fragmentation and interoperability in the current blockchain world. Its core vision is to enable any decentralized application (DApp) to run seamlessly across multiple blockchains, including EVM virtual machines and various other virtual machines.

In the current blockchain ecosystem, different virtual machines (VMs) such as Ethereum (EVM), Solana (SVM), and Move (Aptos/Sui) have each formed their own independent ecosystems. DApps and users are often restricted to specific chains, and cross-chain interactions are complex and costly, resulting in fragmented liquidity. The emergence of Skate is precisely to break down these barriers and achieve true “multi-chain collaboration.”

The core technology highlights of Skate include:

· Multi-VM Compatibility: Skate allows EVM applications to run natively in non-EVM environments such as SVM or MOVE, and vice versa. This means developers do not need to rewrite code for different virtual machines, significantly lowering the development threshold and maintenance costs.

· Seamless cross-chain operation: DApps can be deployed on Skate, enabling seamless operation across different blockchains. Users can enjoy a unified DApp experience without being aware of the differences in the underlying chains.

· Skate AMM: As the core product of Skate, Skate AMM (Automated Market Maker) enables multi-VM, single liquidity curves across all chains. This addresses the issue of fragmented cross-chain liquidity, enhances capital efficiency, and provides users with a better trading experience.

Through Skate, users will be able to access applications on different chains more conveniently, and developers can deploy and scale DApps more efficiently, thereby promoting the prosperity of the entire Web3.0 ecosystem. Gate’s choice to cooperate with Skate and offer its tokens as additional rewards not only demonstrates Gate’s keen insight into cutting-edge technological trends but also brings significant exposure and initial user support to the Skate project, achieving a win-win situation.

The temptation of 15% annualized returns: Strategies and opportunities coexist

The figure of “an annualized rate of 15%” is undoubtedly the most eye-catching highlight of this event. In the context of increasing volatility in the cryptocurrency market and low interest rates in traditional financial markets, a 15% annualized return on demand deposits is extremely attractive to any investor.

According to the event details, this 15% comprehensive annualized return is based on the original annualized return of GT, with an additional SKATE reward. The annualized rate for the additional reward is as high as 10%. This 10% extra reward will be distributed from a reward pool of 150,000 SKATE on a “first-come, first-served” basis.

What does this mean?

1. High Passive Income: For GT holders, depositing their GT into Simple Earn’s flexible account allows them to easily obtain significantly higher passive income than traditional financial products. Even short-term holders can effectively utilize idle assets through flexible financial management.
2. Early SKATE dividends: Additional rewards are distributed in the form of SKATE, providing users with the opportunity to participate in the early development of a potentially promising cross-chain project. If the Skate project develops successfully in the future, the value of the SKATE token may further increase, resulting in excess returns for users.
3. Scarcity and Urgency: The setting of “a total of 150,000 SKATE additional rewards, first come first served” emphasizes the limited nature of the rewards and the urgency of time. This undoubtedly will motivate more users to actively participate and quickly subscribe to GT Simple Earn to lock in high rewards.

From Gate’s perspective, this high-yield activity is also a savvy market strategy. It not only attracts a large number of users to deposit GT into Simple Earn, increasing the market demand and liquidity of GT, but also promotes the innovative project Skate, solidifying Gate’s leading position in the DeFi and cutting-edge technology sectors. In this way, Gate further enhances its platform’s appeal to users and projects, strengthening its core competitiveness in the crypto ecosystem.

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