Oct 12 to 16 UTC

What Do You Know About GateChain?

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What is GateChain?

GateChain is a next-generation public blockchain, focused on onchain asset safety and decentralized trading. With a uniquely designed Vault Account, primed for handling abnormal transactions, GateChain presents an extraordinary clearing mechanism, tackling the challenges of asset theft and private key loss. More details

What is GateToken?

GateToken is the native currency of GateChain's ecosystem. It is used to pay for transaction fees on GateChain’s network and also serves as the PoS staking reward. It is essential to GateChain's functions.

GateChain announces a quiz on knowledge of its technology.

If you answer the questions about GateChain correctly, you will participate in a lottery in which you can win cash prizes. If you don't know anything about GateChain yet, you can use the tips.

10 lucky ones who will answer all questions correctly will get 57 GT prizes.

Additional condition: to participate, you must have an account on Gate.io

The event is about to begin
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Results

The quiz was attended by 573 participants, correctly answered the questions of 86 participants. The winners were chosen randomly among those who answered correctly.

Prize
57 GT
57 GT
57 GT
57 GT
57 GT
57 GT
57 GT
57 GT
57 GT
57 GT

In what year was Gate.io established?

2013
2014
2016
2018

When will GateChain mainnet be launched?

Launch date unknown
Until the end of 2020
November 15, 2020
Already launched on July 1, 2020

How does GateChain solve the problem of private key theft?

The mechanism of private key distribution into a series of fragments. The storage of each fragment will be entrusted to one specific person.
The Vault Account supports a revocable transaction model
Reimbursement of funds from the personal reserve pool
Mandatory KYC

What is the consensus algorithm used in GateChain networks?

PoW
LPoS
PoS+PoW
PoS

What is the advantage of GateChain's dual storage mechanism?

High transaction rate
Possibility to revoke the transaction
Getting the maximum stacking rewards
Ability to store a large volume of data

What daily handling capacity did GateChain show in test mode?

30 million transactions
100 million transactions
150 million transactions
170 million transactions

What are the aims of the partnership between GateChain and Travala?

To integrate Travala with GT for hotel and home booking
Development of a joint DeFi project
Integration with Travala blockchain
Establishing a joint DAO

What role does GateToken play in GateChain network?

Payment of transaction fees
PoS Reward
Keeping the GateChain ecosystem working
All of the above

Who can participate in PoS Mining?

Authorized partners of Gate.io
Nodes selected by voting
20 largest holders of GateToken
All users

What are the advantages of GateChain?

High decentralization/Capacity to recover lost assets
Asset recovery on the loss of private keys /High capacity
High transaction rate/Resource saving
All of the above
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