A new crypto currency issued by Gate.io, one of China's leading crypto-money exchanges, rose to 97400 percent shortly after its first trading day on April 21.
Gatechain reported that GT Margin Trading was commissioning the borrowing / rental services and GT Margin Trading, which allowed them to open long or short positions by borrowing with Token (GT).
Surprisingly, the price of the GT was $ 0.001 on Sunday, the first trading day. Following the opening price, it increased by 97400 percent to $ 0.975.
The stock market reported that the GT has entered low sales orders, leading to sales orders to the users before the transaction began, while others have entered a low-price order, leading to the GT landing at a very low price.
According to GT buyers paid an average of 0.43 dollars per token. This shows that most buyers earn over at least 100 percent.
The GT's price chart, source: Gate.io
On the other hand, the stock market is named Startup by joining the new wave in the world of crypto money.
was founded in 2013
Gate.io was founded in 2013 by CEO Lin Han under the name Bter.com. The stock market had stolen an attack in 2015 and stolen 7,000 Bitcoins with a value of more than $ 35 million. Following the ban of the Chinese central bank in 2017 with the ICO and the crypto money trading ban with its nominal currencies, the Bter.com domain was closed, the platform then renounced its trade mark Gate.io and re-branded as Gate.io