Many people are already aware of the GATA Protocol, existing on the Aurora blockchain. Now, the GATA token is the crypto asset which powers this ecosystem. We can simply define the GATA token as the native utility token of GATA Protocol.
As a utility token, $GATA powers several projects and applications which offer valuable services to the global society. By now, you are aware that GATA Protocol aims to solve existing and emerging human problems in order to improve the welfare of the people. Using the $GATA token, GATA Protocol will launch projects and applications to help human beings to progress.
This first and most important thing to know is that $GATA token exists on the Aurora blockchain. Here are the specific details:
Token name: GATA token
Token symbol: GATA
Maximum supply: 5, 000, 000, 000
Token Burn: 40%
NB: There will be a 5 year token burn schedule to reduce the circulating supply and increase its value.
Uses of the GATA token
The GATA token has many uses in the ecosystem and the global economy. First, it is the protocol’s utility token, meaning that it will act as the internal means of payment for GATA Protocol services and products.
It is also a store of value, meaning that people will be able to hold it to maintain their net worth. This is why people can use it for various investment purposes.
As already mentioned, $GATA token is an investment asset in the crypto world. This means that people will invest in it.
Lastly, the $GATA is a governance token for the GATA Protocol. As such, holders of the GATA token will participate in decision making. They can create developmental proposals and vote on suggested agendas.
What are the advantages of using the $GATA token?
The major advantages of GATA arise from its existence on the Aurora blockchain. When making transactions using $GATA, they are super fast. Also, the transaction cost is very low.
As already alluded above, there are many investment opportunities where you can use the $GATA token. Here we will make a summary of these.
Hodling: This is an investment strategy where people buy and hold a cryptocurrency whether or not the price is increasing or decreasing. Their goal is to benefit from the appreciation of the asset over a long period of time such as one year. In this respect, people will be able to hodl their $GATA tokens.
Staking: Staking is similar to hodling although they are different. Staking is the investment strategy of holding a certain token in order to get a reward. Many long term holders of cryptocurrencies stake them so they get something in return. Mostly, staking platforms have established rates of return, say 5% per year. Hodling is different from staking in that the hodlers do not aim to get a return on investment but will benefit from the appreciation of the token. Therefore, $GATA holders have the opportunity to stake them and get a reward in return.
Yield Farming: In simple terms, yield farming is a process of lending some tokens in order to get a return from that. Basically, the invested tokens are locked in smart contracts for a period of time and the liquidity provider gets a share of the trading fees of the involved pair. Therefore, it is our wish that soon investors will be able to provide liquidity for pairs involving the $GATA token.
Trading: Definitely, people will be able to trade $GATA against other cryptocurrencies and stand a chance to profit from that.
Currently, everyone has the chance to benefit from our airdrop. The airdrop is already in progress and people can earn the precious $GATA token just for completing simple tasks which include joining our social media platforms and sharing a given post. So simple! You are required to join GATA Protocol Medium, Twitter, Telegram and Discord communities.
Please, get the full details here: https://t.me/gataprotocolbot?start=r08801802340
GATA is the native token for GATA Protocol which drives the entire ecosystem. It exists on the Aurora blockchain. It is a medium of exchange, a store of value and an investment asset. The main investment opportunities include hodling, staking, yield farming and trading. Currently, users can earn free GATA tokens through our airdrop program.