Gate.io Launches Gate Layer, a Layer 2 Blockchain Using OP Stack
Gate Fun introduces zero-code token issuance and a comprehensive trading solution on the Gate Layer blockchain, offering easy meme token creation and rewards.
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Fact Check
The statement is directly confirmed by a highly credible source, CoinDesk (Source 5), which explicitly reports that 'Gate has launched Gate Layer, a proprietary Layer 2 blockchain... Built on the OP Stack'. This is the most recent and specific piece of evidence provided. Other sources confirm that the OP Stack is a common technology for building Layer 2 blockchains, making the claim technologically sound and consistent with industry trends.
Summary
Gate has launched Gate Fun, an on-chain meme token platform on the Gate Layer blockchain, enabling zero-code token creation within minutes for minimal fees. Tokens migrate to Gate Swap after reaching 1000 GT, where creators earn rewards and fee shares. A 6000 GT reward public beta is also part of the launch.
Terms & Concepts
- Gate Layer: A high-performance Layer 2 blockchain built using the OP Stack, designed to enhance scalability and transaction efficiency for blockchain applications.
- Gate Swap: A decentralized exchange within the Gate ecosystem that facilitates token trading, including the newly issued meme tokens from Gate Fun.
- GT Token: The native utility token of the Gate.io ecosystem, used for transaction fees and rewards across various Gate platforms, including Gate Layer.