PANews reported on September 30th that crypto exchange Gate announced the official launch of Gate Fun, its new on-chain meme token launch platform. Built on the Gate Layer public blockchain, the platform focuses on "zero-code token issuance + full-scenario trading," providing creators and investors with a one-stop on-chain ecosystem service from token issuance to circulation.

Gate Fun reportedly allows users to create tokens in just one minute, paying a gas fee of only 0.0000042 GT (approximately 0.00007 USD) to complete token contract deployment and trading pair generation. Gate Fun's capital flow is fully based on smart contracts, ensuring transparency and compliance. The platform also features an automatic graduation mechanism: when token issuance reaches 100% (approximately 1,000 GT), it will automatically migrate to Gate Swap for circulation. Creators receive a 50 GT graduation reward and a share of long-term transaction fees. With its innovative incentive mechanism and diversified trading channels, Gate Fun not only lowers the barrier to entry for creators but also provides a new way for users to participate in the token economy. Users can freely trade Gate Fun tokens across multiple platforms, including Gate Alpha, Gate Web3, Meme Go, and Swap, seamlessly integrating internal and external trading.

The platform has already released a token launch and trading guide, and launched a series of public beta events with 6,000 GT rewards, further igniting community enthusiasm. Gate stated that the launch of Gate Fun will become a key engine driving on-chain innovation and the prosperity of tokenized assets, bringing a brand new Web3 experience to users worldwide.