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According to the official announcement, the chain burns of Gatetken (GT) in the first quarter of 2025 have been completed successfully. A total of 1,542,910.7518074 GT has been transferred to a burn address, with its value exceeding $33.84 million.
View transaction details in a chain
As utility tokens and gas fees tokens on Gatechain, GT plays a fundamental role in powering the network’s core transfer infrastructure. Since the launch of Gatechain MainNet in 2019, GT has implemented a sustainable DERLationary mechanism. Total token supply fell sharply from the initial 300 million, overall down around 59.54%. Even amid multiple market cycles, the platform consistently implements a careful and transparent burn strategy, demonstrating long-term commitment to GT’s deflationary model, and providing a solid foundation for sustained valuation.
Important information about this burn:
Token burned this round: 1,542,910.7518074 GT This burn value: About $33.8452 million Total token burn: 178,632,323 GT Total cumulative burn value: About $39.2 billion (based on current price)
Gatechain will continue to enhance its core infrastructure, including data availability (DA) to ensure network efficiency and security. At the same time, we will further expand our Web3 ecosystem to cover wallets, trading, asset management, NFTs, memes and more to enhance the overall user experience.
As more applications and chains are integrated with Gatechain, GT is expected to play an even greater role in enhancing the power of the ecosystem. Additionally, GT holders are entitled to exclusive perks such as token launch airdrops, new token staking, and GT staking rewards. GATE is firmly committed to GT’s long-term DEFL plans. Under a compliant, structured framework, we will steadily advance the token burn process and continuously improve the rarity and long-term value of GT. Through this approach, the platform aims to drive the crypto industry towards a more regulated, secure and efficient future, provide richer blockchain services for global users, and build a thriving Web3 ecosystem together.
Disclaimer: This content does not constitute an offer, solicitation, or recommendation. You should always seek the advice of an independent expert before making an investment decision. Gate.io may restrict or prohibit certain services in certain jurisdictions. Read the User Agreement for more information.
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