Digital asset exchange, Gate.io announced that it is the first major centralized exchange to list SNOW, which could grow at least 1000%, according to a famous crypto trader, Elliot Wainman. On February 2, SNOW reached an all-time high of $146.87.
SnowSwap is a decentralized exchange that enables its users to swap wrapped, yield-bearing tokens with minimal slippage. Users can use the protocol to swap stablecoin tokens to get the most optimal LP (liquidity provider) yield across several decentralized liquidity pools and staking contracts like Yearn, Harvest, Curve, ETH2, WETH, etc. The native token of SnowSwap is SNOW. Since the beginning of February, the overall market cap of SNOW has grown by nearly $10 million. Gate.io listed SNOW on January 27.
“We have an extremely rich altcoin repository (especially DeFi) and over 300 tokens (>400 pairs) available for trading overall. We are also aware of the vulnerabilities that come with a new listing. Hence, we maintain high standards – every single project gets closely vetted by the team and the community before it gets listed on the platform to ensure security and quality trading to our users. In fact, we recently launched a new feature called the Observation Zone for emerging crypto coins to safeguard our users from all kinds of failures a project could witness. We are the only major (3.5 M users) centralized exchange to list SNOW. On February 2, SNOW reached its all-time high, and we saw this coming,” said Marie Tatibouet, CMO at Gate.io
SnowSwap raised a lot of eyebrows over the past week. It has integrated Chainlink, the world’s biggest decentralized oracle network, to allow stakers to deposit and withdraw using the Fast Gas Oracle when moving between yield generation strategies. Popular crypto trader Elliot Wainman has handpicked SnowSwap as a small-cap DeFi asset, which has the potential to pull off at least 1,000% gains.
Gate.ioGate.io is a global, blockchain assets exchange platform. Established in 2013 and developed entirely in-house, Gate.io enables blockchain enthusiasts to trade and store assets in over 470 of the leading cryptocurrencies for over 3 million users from over 130 countries. Gate.io is a one-stop-shop for Spot, Margin trading, Futures, Perpetual contracts, Staking, C2C Loan, and Options Trading. Gate.io’s newly launched public blockchain, GateChain, is a next-generation public blockchain, focused on onchain asset safety and decentralized trading. Gate.io sets itself apart by prioritizing security and user experience, providing quick, easy and safe access to digital assets.