What Is Gatehub (BTC)?
Gatehub BTC is a token released by Gatehub on the XRP ledger, with its value pegged and supported by Bitcoin. Bitcoin, the pioneering and largest cryptocurrency currently in circulation, was originally conceptualized by the enigmatic figure known as Satoshi Nakamoto.
Gatehub BTC stands as a pegged representation of the original Bitcoin created by Satoshi on the XRP Ledger. These pegged issuances, including Gatehub BTC, serve as tokens that can be exchanged for a fungible asset, be it USD, EUR, GBP, gold, or various cryptocurrencies, on their respective native networks.
Bitcoin, a decentralized cryptocurrency, was initially outlined in a 2008 whitepaper by an entity or a group operating under the pseudonym Satoshi Nakamoto. Following this conceptualization, Bitcoin was successfully launched in January 2009.
At its core, Bitcoin operates as a peer-to-peer digital currency, enabling direct transactions between equal, independent network participants without the need for intermediaries to authorize or facilitate them. According to Nakamoto's own description, Bitcoin was designed to enable "online payments to be sent directly from one party to another without going through a financial institution."
While concepts resembling a decentralized electronic currency predate BTC, Bitcoin holds the distinction of being the first cryptocurrency to be put into practical use.
Although anyone can issue a crypto asset, it's essential for individuals or organizations to trust that the issuer can redeem it for the underlying asset if they want to accept payment in that asset. GateHub is one such organization that has gained the trust of its users.
Gatehub BTC and other XRPL tokens that are pegged provide a valuable means of gaining exposure to the asset, as well as a decentralized blockchain-based tool for the transfer of value.
Who Are the Founders of Gatehub?
Enej Pungerčar is the founder and CEO of Gatehub. GateHub is a platform for the Internet of Value, built on XRP Ledger protocol. It allows everyone to send, receive, trade and manage any type of assets.
What Makes Gatehub Unique?
Gatehub is a decentralized exchange running on top of the XRP ledger that offers various innovative features, including wallet protection and stablecoin issuance. Its user-friendly interface is easy to understand, enabling users to send money through email and even international wire transfers.
The Gatehub wallet provides support for not only XRP and over 100+ XRPL IOU tokens but also has multi-currency capabilities, enabling users to send and receive payments from any supported network. With the ability to instantly exchange assets using the best rates provided by multiple sources, Gatehub ensures the best possible exchange for its users.
Wallet Protect is a service provided by GateHub, a cryptocurrency wallet and exchange platform. It is a yearly paid subscription that provides protection for cryptocurrency stored in a user's wallet by making the wallet a "multisignature" or "multisig" wallet. Transactions are signed by multiple keys, increasing security and allowing for easy recovery in case of emergency. Wallet Protect also includes Fraud Shield, which scans destination addresses through fraud checks to help prevent losses of funds, and Theft Cover provided by Coincover, which provides up to $100k of coverage in case of theft. Wallet Protect users also receive a personalized certificate confirming their coverage level and protection.
Gatehub Transfer Fee
Gatehub's current policy on BTC tokens on the XRP ledger includes a transfer fee of 0.2%. This indicates that whenever BTC tokens are moved on the XRPL, a fee of 0.2% is charged on the transferred amount.
Read more about: Gatehub
Learn more about: Gatehub Ecosystem.
How Many Gatehub BTC Are There in Circulation?
There is an initial maximum supply of 485.67 BTC tokens, of which an estimated 453.54 BTC are currently in circulation as of March 2023. Check out Gatehub.net to learn more.
Where Can You Buy Gatehub BTC?
Gatehub BTC is a token trading on the XRP ledger DEX, the most straight forward way to acquire BTC tokens would be to purchase them through XRPL DEX.
If you are looking for alternative exchanges where you can purchase Gatehub BTC, Bitrue is a good choice. Keep in mind that investing in cryptocurrency can be risky, just like investing in any other type of asset.
How to stay tuned for further updates?
If you wish to receive more updates about the Gatehub ecosystem and any upcoming events, we suggest you follow @GateHub on Twitter.