Gate.io Ranks Number One in IEO Rankings

Blockchain assets exchange platform, Gate.io, has successfully reached 2.75 million users, experiencing a recent surge due to the success of its currency, GT, and its IEO platform, Startup.

GT, the main currency on the GateChain network which supports the infrastructure, recently saw a huge surge in value (over 34%). Recent token sales on the Startup IEO platform, such as SERO and VIDY, led to this increase in value.

SERO is a new generation of privacy blockchain that supports smart contracts and enables issuance of privacy coins and anonymous assets. The SERO token sale on Gate.io’s Startup platform saw a total of $29.7 million USD worth of orders placed (with a total of 42.28 million GT) at the price of $0.012. Once SERO was listed on Gate.io, its price soared before stabilizing around $0.33,

VIDY is the world’s first decentralized ad network. Its token sale on Startup saw a total of $43 million USD worth of orders placed (with a total of 52 million GT) at the price of $0.000593. Once VIDY was listed on Gate.io, its price also soared before stabilizing around $0.00289.

Gate.io has become the No.1 platform for IEO returns according to Cryptorank, a platform that provides real-time crypto price index and data. Gate.io managed to top all other exchange platforms with an average IEO ROI of 468.63%. Gate.io also offered the most IEO projects amongst other major exchanges.

Commenting on the recent successes, Marie Tatibouet, CMO at Gate.io said: “We are honoured to have 2.75 million users on our platform and expect to see this number continue to grow. Being the #1 platform for IEO returns is a huge achievement and we hope to progress even further especially with our GT token. Indeed, launching new projects on one’s platform is not a difficult feat, but helping projects and users see a sustained price point for the token is important for everyone and difficult for most to achieve. This is a testament to our unique and innovative Startup platform, as well as the low trading fees and cold wallet storage that Gate.io has to offer.”