Giant Exchange Announced 100 Million Dollars Liquidity Support Package!

Gate.io to revive crypto and rebuild investor confidence 100 million dollars promised.

As investors move their funds from exchanges to their own custody systems, market liquidity is in distress. cryptocurrency poses an immediate threat to their businesses.

Gate.io Exchange Launches $100 Million Fund

In an effort to mitigate the negative effects of the bear market and recent ecosystem collapses, crypto exchange Gate.io has launched an industry liquidity support fund with an initial commitment of $100 million.

As investors move their funds from exchanges to a self-custodial system, market liquidity poses an immediate threat to struggling crypto businesses.

Gate.io’s $100 million commitment aims to support companies that want to re-strategize and adapt to changing market conditions, ensuring that they remain focused on their business while being protected from market uncertainties.

The following statements were included in the announcement

“$100 million will be allocated to high-quality projects, market makers, high-density investors and other institutional clients.”

Eligible crypto projects will receive up to $10 million in funding primarily for market making, i.e. investors. The company has not set any deadlines for applicants and plans to expand the fund based on future market trends.

Lin Han, founder and CEO of Gate.io, said:

“Unforeseen obstacles during the bear market should not negatively impact users and hinder innovation. Now is the time to work together to rebuild, protect users and strengthen the market.”

In addition, the Gate SAFU fund created by Gate.io in 2019 continues to provide a security cover and insurance fund for user assets.

*Not investment advice.

For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!


source site-4