What Is Gatehub (XAH)?
Gatehub XAH is a token released by Gatehub on the XRP ledger, with its value pegged to and supported by the Xahau Network. Xahau, a pioneering hooks-based smart contract platform based on the XRP Ledger protocol, was originally conceptualized by the enigmatic developers WietseWind and "Master of Hooks" Denis Angell within the XRPL community. Gatehub XAH serves as a pegged representation of the original Xahau Network Token on the Xahau Network mainnet. These pegged issuances, including Gatehub XAH, function as tokens that can be exchanged for a fungible asset, such as USD, EUR, GBP, gold, or various cryptocurrencies, on their respective native networks.
Xahau (XAH), as an integral part of the Xahau Ledger, is a native token designed to operate within the Xahau Ledger mainchain. It plays a crucial role in network transactions, acting as a utility token for purchasing services and covering transaction fees and reserves, thus safeguarding the ledger against spam. The token’s initial liquidity is set at 600 million, distributed to launch participants, and it has an uncapped maximum supply. Its supply is managed through mechanisms like the Burn2Mint liquidity portal, which facilitates the conversion of burned XRPL XRP into Xahau XRP, and a governance game involving validators for emission control. This framework aims to incentivize network validators and support smart contracts, aligning with XRPL's emphasis on environmental sustainability and efficiency, thereby expanding the network's functionalities and broadening its use cases.
While anyone can issue a crypto asset, it's crucial for individuals or organizations to trust that the issuer can redeem it for the underlying asset if they wish to accept payment in that asset. Gatehub has established itself as a trusted organization in this regard. Gatehub XAH and other XRPL tokens that are pegged offer a significant means of gaining exposure to the asset and provide a decentralized blockchain-based method for value transfer.
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.
Gatehub Wallet
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
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.
Related Pages:
Read more about: Gatehub
Learn more about: Gatehub Ecosystem.
Visit: Gatehub.net.
How Many Gatehub XAH Are There in Circulation?
There is an initial maximum supply of 485.67 XAH tokens, of which an estimated 453.54 XAH are currently in circulation as of March 2023. Check out Gatehub.net to learn more.
Where Can You Buy Gatehub XAH?
Gatehub XAH is a token trading on the XRP ledger DEX, the most straight forward way to acquire XAH tokens would be to purchase them through XRPL DEX.
If you are looking for alternative exchanges where you can purchase Gatehub XAH, 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.