Gate.io contributed to the prosperity of the BRC20 ecosystem, with a 24-hour trading volume of more than $116 million

Crypto trading platform Gate.io continues to play a key role in the BRC 20 ecosystem, providing systematic support, providing comprehensive infrastructure solutions, 100% reserve verification, and making significant contributions to the ecosystem.

Be the first to lay out the BRC 20 ecosystem

As an early supporter of the BRC 20 trading platform, Gate.io has always been committed to providing users with safe and reliable BRC 20 trading services. Gate.io is the first centralized exchange to list BRC 20 tokens, and officially launched $ORDI (Ordinals) trading on May 8, 2023, with an increase of more than 27 times since its launch.

The BRC 20 market is on the rise

With the price of BTC breaking above $44, 000 USD, BTC ecology and BRC 20 related concepts are rapidly heating up. Gate.io BRC 20-related tokens have traded a whopping $116 million in the last 24 hours, dominating the BRC 20 market. Among them, ORDI increased by 17.66% and PIZABRC increased by 201.04%, and the market potential was outstanding.

BRC 20 Infrastructure Solutions

The BRC 20 infrastructure solutions offered by Gate.io are in the spotlight. The protocol directly inscribes the BRC 20 token information on the BTC blockchain, eliminating any dependency on layer 2 networks. In order to optimize the BRC 20 ecosystem experience, Gate.io provides a series of free infrastructure services, including BRC 20 token wallet services, distribution services, transaction services, and withdrawal and transfer services.

• Wallet service: Get an on-chain BTC address through the Gate.io BTC deposit page to receive BRC 20 tokens;

• Distribution services: In order to reduce the cost of network distribution, Gate.io provides free distribution services for the BRC 20 ecosystem;

• Trading services: Users can enjoy the highly liquid market of BRC 20 tokens at a low cost without high network fees;

• Withdrawal and transfer service: The BRC 20 token withdrawal service is open, and anyone can withdraw their BRC 20 assets at any time.

Gate.io supports 20 BRC 20 tokens

Gate.io currently supports 20 BRC 20 tokens, including ORDI, SATS, RATS, MAJO, TRAC, VMPX, PEPEBRC, and more. This diverse token ecosystem reflects Gate.io’s expertise in providing a full range of digital asset services, providing users with a wider range of options to explore more popular BRC 20 tokens in the BRC 20 sector.

BRC 20 Token 100% Proof of Reserves

To further underscore its commitment to the security of users’ assets, Gate.io has unveiled a 100% Proof of Reserve for BRC 20 tokens. As of 10 a.m. on December 5, 2023, the reserve ratio of the top assets held by Gate.io such as ORDI, SATS and RATS all exceeded 100%. This measure is a clear guarantee of safety and provides strong confidence to users in the BRC 20 community. In addition, the overall 100% reserve balance of Gate.io exceeds 400 million USDT to ensure the safety of users’ assets.

Gate Web3 Wallet empowers digital asset management

Developed in-house by Gate.io, Gate Web3 Wallet, a non-custodial cryptocurrency wallet, not only supports mainstream digital currencies, but also provides users with the ability to easily create, receive, and transfer BRC 20 tokens. The implementation of this feature provides users with a more convenient digital asset management experience, in line with Gate.io’s long-standing user-oriented philosophy, which allows users to enjoy a seamless trading experience of BRC 20 tokens at any time through the Gate Web3 Wallet.

With its tireless efforts in the BRC 20 ecosystem, Gate.io has become a leader in this field. Through its technological innovations, free infrastructure services, and strong emphasis on the security of users’ assets, Gate.io has contributed significantly to the development and innovation of BRC 20. In the future, Gate.io will continue to lead the development of BRC 20 and provide users with more innovative and secure digital asset services.