Gate Chief Business Officer Kevin Lee responded to rumors in an official AMA: Reserve funds have exceeded 10 billion, ranking fourth in the industry, and called for healthy development

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On December 13, Kevin Lee, Chief Business Officer of Gate.io, responded positively to recent false statements about the platform in a special AMA live broadcast, and fully disclosed the latest data for the first time, showing the strong strength and firm commitment of Gate.io to global users. This live broadcast not only eliminated the negative impact of rumors on the market, but also highlighted Gate.io's leading position and responsibility in the industry.

Reserve funds exceed 10 billion yuan, and stable operation further proves strength

Kevin Lee emphasized in the live broadcast that Gate.io always adheres to the principle of transparent management with the security of user assets as the core. As of now, the platform's reserve fund has exceeded 10 billion US dollars, ranking fourth in the industry worldwide. This data far exceeds the industry benchmark and provides users with unprecedented asset protection.

At the same time, the platform's deposit, withdrawal and trading functions are all normal, and there are no false problems reported by the outside world. Kevin Lee called on all participants in the industry to promote the healthy development of the encryption market with a constructive attitude and put an end to malicious competition and the spread of false information.

Recently, some lawless elements have attempted to discredit the platform and create panic among users by forging screenshots and fabricating false information. These behaviors include using forged addresses to create erroneous transaction information, and intercepting withdrawal failure pages to confuse the public, concealing the specific reasons for failure provided by the platform, and maliciously spreading false rumors such as "withdrawal failure".

Kevin Lee made it clear in the AMA that Gate.io strongly condemns these malicious acts and promises to further strengthen user education and risk warnings. At the same time, he reminds users to remain highly vigilant, carefully check the source of information, and avoid being misled by false screenshots and other means. Gate.io will continue to optimize the platform security mechanism to provide users with a more transparent and secure trading environment.

Achieve breakthroughs in all-round data and lead the industry in all aspects

During the live broadcast, Kevin Lee shared Gate.io’s recent outstanding performance in multiple dimensions, using facts to counter rumors and enhance market trust.

Gate.io currently ranks among the top five in terms of website traffic in the global crypto industry, attracting the continued attention of a large number of users. In terms of trading depth, Gate.io's spot and contract markets both rank first in the industry, providing users with a highly competitive trading experience.

At the same time, the number and speed of currencies launched on the platform remain the highest in the world, especially in the spot and small currency contract markets. Gate.io covers the diverse needs of global users with faster response capabilities and richer choices.

It is worth mentioning that the platform's spot trading growth rate has exceeded 290%, far exceeding the industry average. Currently, Gate.io's 100% reserve fund has exceeded the industry benchmark by 20%. Combined with the steadily growing reserve fund scale, Gate.io is committed to creating a robust, secure and diversified asset management platform for users.

Kevin Lee also pointed out that Gate.io has also made remarkable achievements in the field of innovation. So far, the total amount of Startup airdrops has exceeded 120 million US dollars, providing a win-win innovation ecosystem for new projects and users. In other aspects, grid trading has exceeded 300,000 users, total transactions have exceeded 20 billion US dollars, and the scale of Yubibao is nearly 2 billion US dollars.

In addition, the platform currency GT has been rising steadily, setting a record high of US$13,890. The long-term deflation mechanism has destroyed a cumulative value of more than US$180 million, continuously creating higher value for users.

Build trust with security and transparency and work together to promote the healthy development of the industry

Gate.io's AMA is a powerful "end" to a rumor, and it also sends a clear signal to users: no matter how the market changes, Gate.io will firmly protect user assets based on security, transparency and stable operations. At the same time, Kevin Lee once again called on industry participants to promote the healthy development of the encryption industry with a win-win attitude and jointly build a healthy and sustainable encryption ecosystem.

In the future, Gate.io will continue to deepen user services and technological innovation to provide global users with a trustworthy crypto asset trading experience. This is not only a strong support for the healthy development of the industry, but also the best feedback for the trust of every user.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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