With the launch of GAT the team have been incredibly generous with the distribution of the token, making it available to investors and users of the platform, but to be completely honest this has left us with limited resources for future growth of the ecosystem. It soon became apparent that there were some very special and unique opportunities on the horizon that would require the versatility of an increased token supply.
Owing to this the team has announced this new growth fund from the distribution of GATe (GAT extended) to be able to take full advantage of these opportunities, including key investor programs, tokens for top tier exchange listings and liquidity, strategic partnerships, marketing campaigns, and of course being able to continue to reward our community via challenges, reward schemes & giveaways.
Thankfully the supply increase was well received and welcomed in the community which can be judged from the positive price action after the announcement.
The immediate circulating supply will not change as the new tokens from GATe will be distributed slowly and gradually (or have long term locks) to ensure that there are no sudden price shocks.