To on-board future investors and create a Growth Fund, we need to relaunch the GAT token with an extended supply. The circulating supply will NOT be affected in the short term, though!
Read more details about the Binance Labs Incubation and GAT Relaunch here.
GAT exists with a total supply of 1,000,000 and GATe with a total supply of 2,000,000. They both can be swapped 1:1 at Minted Vodka. However, over the next months GAT use-cases will be switched to GATe.
This is a singular event that will not be repeated in the future, but a necessary step to bring GAT Network to a new level.
Please note again: the circulating supply of GAT / GATe will not grow in the short term. However, it gives GAT Network more tools and possibilities to expand in the next years. The benefits of this bigger supply outweigh by far the disadvantages.
GATe already exists and is cross-chained (it is named WGAT, but will be renamed), it’s supply will officially expand from 1million to 2million soon.
Read more here!