Since its release in 2018, the business logic, team background, technical strength and application scenarios of the project itself have been questioned by the outside world. To date, Gatecoin has fully revealed its worthless nature as a crypto digital asset.
First of all, Gatecoin does not have the basic function of money. It is neither liquid nor directly convertible into fiat currency. Users cannot make daily purchases or payments with Gatecoin. It's just a digital token issued by Gate Technologies tied to its own blockchain project.
Secondly, the business model behind Gatecoin is vague, and the progress of ecological construction is slow. Gate Technology has promised to build a blockchain business platform, but has not yet seen substantive landing applications. Users holding Gatecoin are also difficult to obtain real rights and interests. It can be seen that Gatecoin has no commercial attributes to support its value.
Moreover, there are too many doubts about the strength of the Gatecoin team. Gate Technology's core team information is not transparent, members of the background experience is not outstanding. The image of the company's founder, Wang Yong, is even more controversial. This has undermined trust in Gatecoin.
Finally, from a technical point of view, Gatecoin acts as a simple Ethereum ERC20 token without any technical innovation. The application prospects are bleak and the regulatory environment is increasingly stringent. Overall, the development prospects of Gate currency are bleak, and its value is difficult to say.
In short, from multiple dimensions, Gatecoin does not have the conditions to become a valuable digital asset. Holding Gatecoin carries great risks and investors should be cautious. A digital token that has no real meaning is destined to go away with the wind, and it is only a matter of time before its value goes to zero. Investors holding Gatecoin need to wake up to this.