Gate.io Lists Mintlayer (ML) on Its Exchange — Here's Why You Should Keep an Eye on ML
Key Takeaways
- Gate.io will list Mintlayer (ML) for trading on March 24, 2023, providing users with access to a blockchain project that offers scalable, interoperable, and transparent services
- Gate.io is one of the oldest and most active exchanges, making it a suitable platform for the listing of the ML token
Gate.io, which has the widest selection of altcoins among major cryptocurrency exchanges, will open Mintlayer (ML) for trading on March 24, 2023, 12PM CET. The exchange, which lists more than 1400 cryptocurrencies, is among the oldest exchanges with the highest daily trading volume. The number of registered users on the exchange is more than 12 million.
All Gate.io users will be able to trade tokens on the ML/USDT trading pair from March 24, 2023. The exchange, which opened ML token deposit transactions on March 21, launched the ML token on the Startup Launchpad on March 22. Users were able to purchase ML tokens via launchpad until March 23, 9AM CET. Details about the Mintlayer IEO can also be found here.
What is Mintlayer (ML)?
Mintlayer is a blockchain project that enables users to run nodes with minimal hardware requirements instead of expensive ASIC computing hardware. The ecosystem includes features such as a Bitcoin wallet that supports the Lightning Network, DeFi capabilities, a tokenization system, and value transfer and exchange.
By using the Bitcoin infrastructure, the Mintlayer protocol, removing the limitations of Ethereum, offered users a transparent and scalable blockchain network. Interoperability is increased with inter-chain transfers, PoS is improved with Dynamic Slot Allotment (DSA) consensus, TX size is reduced by 70% with transaction batching, and scalability is increased by reducing network pollution.
ML token holders participate in the decision-making process to have a say in the development of the protocol. By staking ML tokens, you can become a weekly blocksigner, run nodes and collect transaction fees from the blocks you sign. The ML token is also used to use the products and special services in the protocol.
Gate.io is an easy-to-use crypto trading platform for beginners and professionals alike. We can expect the ML token, which will be listed on Gate.io's spot market, to reach high trading volumes, especially during the first few days.
Conclusion
Gate.io's decision to list Mintlayer (ML) for trading on March 24, 2023, is significant news for both the exchange and the blockchain project. As one of the oldest and most popular exchanges with over 12 million registered users, Gate.io's listing of ML tokens on its spot market is expected to generate high trading volumes, particularly in the early days. Mintlayer's innovative protocol, which enables users to run nodes with minimal hardware requirements, offers a transparent and scalable blockchain network by using the Bitcoin infrastructure. The ML token's role in the decision-making process and its ability to stake tokens to become a weekly blocksigner adds an exciting dimension to its utility.