💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
🎯 How to Participate
1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gate’s brand blue or the Gate logo.
2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re
Blockchain technology innovates the forex market to create a complete cross-chain financial ecosystem.
Blockchain technology brings innovation to the forex market
The forex market, as an important component of the traditional financial sector, has long experienced multiple pain points. However, with the development of Blockchain technology, these issues are expected to be effectively addressed, providing users with a better trading experience.
A certain protocol is dedicated to applying decentralized technology to the dispersed traditional forex market. By building a robust blockchain infrastructure, the protocol aims to manage and process all transactions in this vast market. The team recognizes that digital currencies (, such as stablecoins ), can effectively address many challenges faced by fiat currency exchanges. Currently, fiat currency holders cannot directly access stablecoins, and the protocol is working to fill this market gap.
The Rise of Cross-Chain Ecosystems
The protocol is a foundational blockchain built on the Cosmos SDK, designed specifically for decentralized applications. It was established in December 2020 by two experienced founders. One of them previously worked at a large investment firm and has many years of experience in the blockchain field; the other is a senior engineer with extensive work experience in various sectors, including finance and energy.
In November 2022, the protocol raised $10 million through a round of financing, receiving support from several well-known investment institutions. This round of financing demonstrated the industry's broad recognition of the protocol's vision and technological roadmap.
Build a Complete Cross-chain Staking Financial System
The protocol is known for its openness, permissionless nature, and high interoperability, supporting cross-chain token minting, trading, and stablecoin lending. Its bridging technology facilitates cross-chain stablecoin trading, acting as a decentralized exchange and enhancing cross-chain liquidity.
By utilizing cross-chain communication protocol (IBC), the platform seamlessly connects with other Cosmos ecosystems. Its core integration points facilitate interoperability between different Blockchain ecosystems, ensuring a unified user experience. The network's native token secures the network through a proof-of-stake consensus mechanism. Token holders can earn staking rewards through delegation or validation, enjoy governance rights within the network, pay bridging fees, and serve as collateral for stablecoin issuance.
The protocol replicates existing financial infrastructure in a more decentralized and transparent manner in many ways. Its native token plays a key role in the ecosystem, used for governance, network security, and generating income from transaction fees.
Diversified Product System
The product system of the protocol includes the following main components:
Network: Operates within the Cosmos ecosystem, utilizing Tendermint BFT consensus and the IBC protocol. It acts as a powerful P2P protocol to validate transactions and rewards validators for their contributions through native token incentives.
Exchange: A powerful cross-chain DEX that supports efficient and liquid cryptocurrency trading. It integrates AMM and order book methods to facilitate stablecoin trading pegged to major fiat currencies.
Wallet: A non-custodial multi-currency wallet that integrates functions for specific tokens, such as staking and governance. Users can access DeFi opportunities through a single QR login, without the need for multiple wallets or browser extensions.
Reserves: As the reserve bank for this protocol, managing the collateral for stablecoins and increasing the total coin flow on the platform. This reserve further supports the issuance of debt curve, ensuring stable and predictable operations.
The protocol introduces fiat-pegged stablecoins into the DeFi ecosystem through reserve management of stablecoins. These stablecoins enable users to trade, lend, and mint within the ecosystem, expanding the stablecoin economy to include not just USD variants, but also Euro, Pound Sterling, and Yen.
The network maintains the stability of the stablecoin's value through reserve ratios, minimum collateral ratios, and other control mechanisms, aligning it with fiat currency. At the same time, the protocol simplifies user access to the native tokens through debt curves, achieved via deterministic pricing and a highly liquid market. This continuous token model replaces traditional token pre-sale methods, continuously minting new tokens based on demand and algorithmic pricing.