Connecting Blockchain to Our Daily Life - TOKEN2049 London 2022

good morning everyone today I have the pleasure of presenting gate dot IO I'll talk a little about where we started where we are today and hopefully a small glimpse at the future and where we will be heading over the next couple of years gate was founded in 2013 by our CEO Dr Lynn Han like many of the early Pioneers in this space Dr Han read the white paper and Bitcoin source code and was attracted to both the technology and the financial decentralization the real driver to building what today we know as gay came from what many great ideas come from a bad experience and the want and the need to make it better Dr Ham was the victim of a scam while trying to purchase 100 BTC from that scam Dr Han set to work and developed the exchange in two weeks from scratch the business launched April 13 2013 and quickly grew becoming one of the world's top exchangers as it is today Gates early Vision has always been to see crypto adopted worldwide and in everyday use in order to do that our vision is as it was from the start to build for the user with security and transparency at the very heart of what we do we've seen Gates establish a worldwide community of users and our mission today is to keep moving forward with both technology and the compliance requirements around the world in order to bring that level of trust and ultimately more adoption to this space so let's remind ourselves of the advantages of crypto it's decentralized and everyone can be part of it you can manage your own funds without the need to rely on centralized Banks there are already thousands of ecosystems and a wide range of use cases with these ecosystems and developments come investment opportunities which in turn attracts more brilliant and creative people to this space like yourselves here today these are just a few of the advantages with many more being explored as we speak but with these advantages comes the question of why aren't there more everyday users in crypto and blockchain with tricky and sometimes complicated barriers to entry Market volatility bad press and scams security and for the most everyday users trusting crypto and the companies that manage it it's easy to see why many currently aren't interested in crypto and blockchain businesses shying away from Partnerships or development in the blockchain space to advance their businesses let's have a look at the impossible triangle of blockchain when looking at the challenges of pursuing decentralization security and high performance it's nearly impossible to keep all three of these in balance at the same time which means blockchain is not the most efficient of Technologies for everyday use okay we found a balance between security decentralization and high performance first we have a highly secure platform with a variety of mechanisms and methods in place to protect against all potential security issues then we achieve a level of decentralization to be transparent but secure enough not to risk exposing sensitive data finally high performance high speed low fees and scalability these elements are achieved through high liquidity a range of products and highly experienced and capable development team these three elements allow us to achieve what very few companies in this crypto space can achieve Gates group ecosystem consists of a number of elements for the users to learn and explore crypto in a safe and secure way we make available a number of tools for the user to educate themselves on blockchain crypto web 3 nfts and other subjects that we help users will find very useful from this with the tools and knowledge they have gained we hope that the users will make the best use of all of the full range of products and services that gate has to offer we've developed a world-class robust exchange infrastructure at the heart of this is a proprietary high performance trading engine and advanced technology with baiting and strong Global compliance and security on the main areas we've really focused on while growing our user base has been concentrating on security and transparency to do this we have a variety of mechanisms to detect a number of different types of blockchain attacks and it's not just security that we focus on but the user's data and access to gay being a secure and a simple as it can be for our users all in an effort to eliminate those friction points that many of us feel gate.io provides 100 certified proof of reserves and asset verification services in the cryptographic verified Merkel tree so that each user can verify whether their assets amount is recorded accurately in the Merkel tree by building in a Merkle tree with user balance we have provided a verifiable 100 Reserve and we have filed patents for the initive Innovative proof of Reserve method in America China Canada and Singapore our audit partner is our mean Amino LLP one of the 25 largest independent audit firms in the United States providing audit and accounting consulting services to 7 000 plus clients in more than 100 countries in May 2022 armanino conducted a hundred percent proof of Reserve audit of gate.io's BTC assets the result was that the BTC Holdings in Gates cold wallet were 104 of the total exchanger user assets and as recently as October this year armanino conducted a further audit and another round of 100 proof of Reserve audit of gate gate.io is BTC and ethereum assets as of this week the 7th of November armanino released the findings in a report following the completion of a proof of Reserve assessment finding gay has proven that it holds now 108 of total user Bitcoin Assets in the reserves and in addition the report found that 104 of users ethereum assets are also accounted for meaning gay.io is BTC and eth reserves exceed the total amount of user assets gay is still the first to do this and Dr Han for the first time in 10 years since establishing The Exchange decides to join social media and talk about this topic just further outlining our emphasis on security and transparency within crypto so what's changed in the last nine years since Gates launch and the regulatory landscape is that's what's changing incredibly fast which in part we hope will more will bring more users trust and crypto to those companies enabling them to access it our complex comprehensive compliance program has been designed to make sure we're leading the way and fulfilling the regulatory requirements across multiple jurisdictions worldwide our nine years of experience and Data Drive our risk-based and multi-layer control system providing to be a highly effective in AML and ATF we at gate recognize this at a very early stage that carrying out business under regulation and in a compliant way was another piece of the jigsaw that would bring trust and peace of mind to users we've been working on licensed applications since 2017 and we have applications in place and are operating under regulations in many jurisdictions including Gibraltar Malta Hong Kong Singapore USA Canada Lithuania and more to come with class 4 vfa to operate spark exchange and custodian services in Malta tcsp license to provide custodian services in and from Hong Kong MSB licenses in USA to provide spark exchange and wallet Services propriety trading licenses in dmcc and so on with the with the mission to promote the mass adoption of blockchain across the world's gate group has established gate learn and gate charity to focus on educational charity causes gate charity based on the principle of promoting the balanced development of the world is committed to reducing the discrepancy between the rich and poor with leading blockchain technology in the past few years gate.

io has donated education materials to rural schools provided material to support children in poor areas donated funds to solve the mountain bushfires in turkey and provided Medical Aid to areas with serious covid epidemics gate learn covers cutting-edge content like university courses blockchain education web 3 promotion and very much more over 140 educational articles covering 10 different themes in the crypto industry are providing education to close to 20 000 people globally so with the past nine years of fast-paced development and the changing regulatory landscape what does gate have in store for the next nine years and Beyond well we're working on a number of exciting projects across multiple verticals at this moment gate pay is a secure and free to use crypto payment technology developed by gay with the aim to facilitate crypto paying and receiving between web3 based merchants and individual users anywhere anytime and our gate card launching soon uses gateway to spending in-store and online worldwide okay I see the similarity to that of a Formula One or endurance car racing team whereby the technology that we're developing today will become part of people's lives every day where the technology isn't noticed much like the many elements developed on today's Formula One race cars that then become part of today's road cars and with 12 million users 2 000 plus tokens 3 000 trading Pairs and so much more to come the future at gay is looking good thank you for your time big round of applause thank you Sean why were you so worried that was excellent thank you Shane I appreciate that no you did really well that was a great presentation awesome to hear about what you guys are doing at Gabe uh yeah as you said you like to be in stealth mode um and I'm also like I'm liking the whole F1 thing you look a little bit like Toto wolf today I think uh yeah it's outside well for lights out Christian Horner might be better maybe a Red Bull fan hey dude thank you so much thank you great presentation thanks very