💰 Gate.io Daily Topic & Post Event
➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
ChatGPT said:
gateToken (GT) is the native token of the gateChain blockchain, launched in August 2019. It is used to pay for transaction fees on the gateChain network and serves as the primary means of payment in the ecosystem focused on decentralized finance (DeFi) and NFTs. The gateChain network is compatible with the Ethereum Virtual Machine (EVM), allowing developers to easily migrate their decentralized applications (DApps) from Ethereum to gateChain.
As of February 2025, the price of GT is $22.64. The total supply of GT tokens is 300 million, but only 93.23 million tokens are in circulation on the market. The project team regularly buys back and burns GT tokens to reduce their supply and increase the asset's value. By the end of 2023, 163.7 million GT tokens had been burned.