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Gate.io Upgrades its IEO Platform, New Projects raise $46 Million in 2020

Gate.io cryptocurrency trading platform has recently upgraded its IEO platform, Startup 2.0. The company was working on the upgradation strategies and optimization of the startup platform since Jan 2020.

The crypto exchange shared the information with KoinPost via email mentioning two projects “KardiaChain” and “Meter,” which have launched their IEOs’ on Gate.io Startup in 2020, have successfully raised over $46 million in funding.

Marie Tatibouet, CMO at Gate.io says-

 “Gate.io Startup IEO provides substantial funds to the project teams and paves the way for them to collaborate with other high-quality projects as well. We’ve officially upgraded to Startup 2.0, which offers more flexible services to the project teams while guaranteeing security for their users.”

As per the information, the two mentioned start-ups along with other crypto ventures outperformed as soon as their IEO got listed on Gate.io and bringing good returns to their investors.

 The new version of Startup 2.0 including IEO experts who would be having “an in-depth look into the preferred way of listing coins for the projects that apply. The team will also advise the projects based on their business models. Overall, the new version will have more flexibility for the projects to get listed.

Further Tatibouet mentioned Gate.io’s Startup platform has won the trust of various projects and users, since its launch from 2019.

Startup platforms have given exceptional average IEO returns to both- projects and users. 

Cryptorank, the real-time crypto price index platform shows that Startup by Gate.io is “consistently ranked in the top 3 for the average IEO returns.

Tatibouet added-

The startup initiative delivering “return on investment (ROI) with an average daily trading volume reached as high as $400 million, raising over 600 million funds in a few months since its launch in 2019.” 

 As of July, the yield rate of Gate.io’s Startup IEO projects ranks third in the world, with the highest yield rate being 971.53% and a current average yield rate of 149.50% on Cryptorank.

Gate.io is also considered one of the safest platforms to trade as per CER TIFIED algorithms. The cybersecurity rating website placed the exchange at number ranking before Binance in terms of security ranking and given a 9.38 rating score.