Crossing three bull and bear cycles—what keeps us alive?

From 2013 to today, the crypto market has gone through at least three major bull-and-bear cycles: the bear market of 2014-2015, when Bitcoin fell from 1100 USD to 200 USD; the bear market of 2018-2019, when it dropped from nearly 20,000 to 3,000; the bear market of 2022-2023, when it fell from 69,000 to 16,000.

Every bear market brings down exchanges. Mt.Gox, Cryptopia, Fcoin, FTX... the list is long. But Gate has always been there.

Why? Dr. Han Lin’s answer is very simple: “Because I don’t gamble.” Gate has not taken users’ funds to do leveraged wealth management; it has not issued its own platform token and cashed out at high prices; it has not participated in those “principal-protected high-interest” schemes. What Gate does is—rather boring: building products, building security, and building user experience. Boring things are often the ones that hold up the best.

In 2013, Gate’s team went through several generations, and its technical architecture was rebuilt countless times, but one principle has never changed: users’ money can’t be moved. This principle is more important than any technology.

#Gate13周年