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Is GateToken (GT) halal?

Questionable

No condition fails, but 1 point remains to be verified or falls under a tolerated case.

Verdict calculated by Halal Bourse's published rules from an investigation of primary sources (project documentation, registers, decisions), conducted on 10/07/2026 and not reviewed by a human.

Open the evidence file

The asset

Native token of Gate Chain (EVM layer 1, proof of stake) and gas token of Gate Layer (OP Stack layer 2), token of the Gate exchange platform; historical ERC-20 version on Ethereum, scanned here Issuer: Gate (formerly Gate.io), a platform founded in 2013 by Lin Han; the entity Gate Technology Limited (Malta) is MiCA-licensed; Gate Chain is developed by Gate and its code is published.

GT pays transaction fees on Gate Chain and Gate Layer, is staked with Gate Chain validators (Gatemint consensus) and carries weight in governance voting; it also gives benefits on the platform (Launchpool, discounts). The initial supply of 300 million is reduced by burns: on July 6, 2026, Gate announced 189,947,219 GT burned since 2019 (63.32% of the initial supply), but consensus issuance adds to supply. CoinMarketCap as of October 7, 2026: circulating supply 104.67 million, total supply 138.07 million, rank 60. ERC-20 contract: 0xe66747a101bff2dba3697199dcce5b743b454759 (supply fixed at 300 million at creation, of which 191.9 million at the address that receives burned tokens). Solana contract: ABAq2R9gSpDDGguQxBk4u13s4ZYW6zbwKVBx15mCMG8 (not scanned).

Why this verdict

  1. Permissible purpose : met. GT has uses documented by the issuer: native token of Gate Chain, sole gas token of Gate Layer, validators' stake (required to produce blocks) and a voting right weighted by holdings. The token's purpose is neither gambling nor lending; Gate Layer does, however, host a perpetuals platform among other applications (see tolerance).
  2. No riba : met. Holding GT pays nothing in itself. Validation staking (a separate product, see autres_constats) is rewarded by the protocol; transaction fees are partly burned. The periodic GT buybacks are funded by profits of the Gate platform, which include spot, margin and futures trading: a funding link is noted, with no return paid to the holder (see tolerance).
  3. No gambling : met. A spot purchase is of a transferable ERC-20 token, with a published supply verifiable on-chain; it is not a contract on a price difference. Gate's perpetuals are a separate product of the platform.
  4. No excessive gharar : met. The issuer is identified: Gate, founded by Lin Han, whose Maltese entity is MiCA-licensed. The token's rules are documented (consensus token, burned fees, periodic buybacks); the verified ERC-20 code fixes supply at 300 million with no minting function, and its owner can suspend all transfers (issuer power, see the scan). Gate Chain governance requires multisignature wallets for critical operations; their signers were not read. No anonymous party was found.
  5. Real ownership : met. GT is withdrawn from the Gate platform to a personal wallet (Gate Layer); the ERC-20 token is held in any Ethereum wallet. The owner of the ERC-20 contract can suspend transfers (see the scan).
  6. No fraud or manipulation : to be verified or tolerated case. No deception toward GT buyers is established. However, Chile's financial markets commission (CMF) published an alert on May 6, 2026 naming Gate.io, Gate Global UAB, Gate Technology Ltd and ten other group entities as not registered or authorized in Chile; Wikipedia further reports that Gate did not comply with orders from a Chilean court (return of funds stolen in 2023) and that Apple removed the app in Chile. Older I-SCAN lines target Gate.io (CONSOB 2021, CNMV 2022). These grounds are unrelated to the sale of the token; the contract scan falls under the issuer powers read under A.8 (see autres_constats).

Contract security scan

GoPlus security scan of the GT contract on Ethereum: 4,155 holders; top ten wallets excluding exchanges and contracts 99.9%; code published. Signals found: minting right, hidden owner, transfer suspension, address freezing, concentration. Reading under A.8, identified and MiCA-licensed issuer: (1) the verified code (Blockscout) fixes supply at 300 million at construction and contains no minting function: the minting flag is not corroborated; (2) the contract owner, the creator's address, can suspend all transfers (functions activeMode and resetMode): issuer power; the code's freeze and unfreeze functions freeze only the caller's balance; (3) the top address (64% of ERC-20 supply) receives the burned tokens each quarter, which explains most of the 99.9%; the “hidden owner” is the contract creator, identified on the explorer. None of these points is read as a rug pull signal; the suspension power is left to Halal Bourse's judgment.

Opinions found during the research

Opinions reported as read, named for what they are; they do not enter into the calculation of the verdict.

What could not be verified

Sources read

Other cryptos analyzed

General information: neither investment advice nor a fatwa. Verdict calculated by published rules, from financial statements read automatically and not reviewed by a human. Read the methodology