What Is Gatehub (REP)?
Gatehub REP is a token issued by Gatehub on the XRP ledger and pegged and backed by Augur (REP). Augur (REP) is a decentralized prediction market platform that allows users to create and trade on prediction markets for real-world events. The platform uses blockchain technology and smart contracts to provide a transparent and decentralized infrastructure for participants to buy and sell shares in the outcome of an event. Augur allows anyone to create a market for any event, from politics and sports to finance and weather. The platform's native cryptocurrency, REP, is used to incentivize users to report on the outcome of events accurately and honestly, as well as to provide governance and decision-making power to holders of the token. Augur aims to create a more efficient and accurate prediction market system, allowing participants to profit from their accurate predictions and providing valuable insights into future events. Gatehub REP is a pegged issuance of the original Augur. Issuances, like Gatehub REP, are tokens that can be redeemed for a fungible asset, such as USD, EUR, GBP, gold, or cryptocurrencies, on their native networks.
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 REP 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 REP tokens on the XRP ledger includes a transfer fee of 0.3%. This indicates that whenever REP tokens are moved on the XRPL, a fee of 0.3% is charged on the transferred amount.
Read more about: Gatehub
Learn more about: Gatehub Ecosystem.
How Many Gatehub REP Are There in Circulation?
There is an initial maximum supply of 7,909.40 REP tokens, of which an estimated 7,909.40 REP are currently in circulation as of March 2023. Check out Gatehub.net to learn more.
Where Can You Buy Gatehub REP?
Gatehub REP is a token trading on the XRP ledger DEX, the most straight forward way to acquire REP tokens would be to purchase them through XRPL DEX.
If you are looking for alternative exchanges where you can purchase Gatehub REP 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.