By Kimberly Crain
The best-performing crypto exchange Gate.io plans to list Mintlayer’s token (ML) on its trading platform on March 21. The Gate group has been at the forefront of supporting the expansion of blockchain technology by providing the user with various digital assets. At the moment, Gate has provided consumers with more than 1400 cryptocurrencies.
The layer-2 platform, Mintlayer, was pleased to announce the listing of ML tokens on the Gate.io platform which is expected to start in March. The Mintlayer team argued the listing would create endless opportunities for consumers to utilize automatic swaps to complete their crypto transactions.
Benefits of Mintlayer Listing
Surprisingly, the quest to cope with the ever-evolving crypto space has inspired the Mintlayer group to invest in developing a unique digital token ML that will be a gateway to the DeFi world. The Mintlayer token will provide the users with staking and governance tools crucial in creating more value for their investment.
The consumer can also use the ML token to settle network charges but will incur issuance cost.According to the Mintlayer report, the team plans to start a token generation event (TGE) on March 23, followed by the launch of ML on the Gate.io trading platform.
The group revealed they plan to supply 15.83 million ML tokens on Gate.io in March 21. Later, the Mintlayer intends to invest in enriching the token to provide more than 335 million in the next two years.
Also read:The dedicated team will remain steadfast for the next ten years to increase the supply of ML to reach more than 600 million.
Suitability of the Gate.io Launchpad
The listing will provide the user with the on-ramp and the off-ramp services to expedite the exchange of cryptos and fiat. The report revealed that all the ML transactions would automatically reflect on the Gate.io interface after the launch.
Beyond this, Mintlayer and Gate Group agreed to complete the final stage of ML development to proceed with launch process. After the long-awaited launching of the ML token, the users will create funding programs on the Gate.io startup launchpad platform.
Based on Mintlayer analysis, launching the Gate group platform is expected to increase ML adoption and increase the number of users. Initially, the Gate group supported more than 670 projects and it has more than 10.5 million users.
In light of the impending launch of ML, the Mintlayer team has developed objectives and the token’s purpose. The team anticipates generating more than 100000 USDT from the ML token. Also, the Mintlayer team agreed to abolish the levy charges to boost the trader’s experiences.
From March 23, 5000 ML tokens will be available on the Gate launchpad and will be traded for 20 USDT each. According to the official announcement, the traders will start trading the ML tokens on March 23.
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