On May 14, according to the official announcement, the on-chain burning of GateToken (GT) for Q1 2025 has been officially completed, with a total of 1,542,910.7518074 GT tokens transferred to the burning address, with a destruction value exceeding $33.84 million.
It is reported that since the launch of the GateChain mainnet in 2019, GT has been implementing a continuous burning mechanism, and the total token supply has been significantly reduced by approximately 59.54% from the initial 300 million tokens.
Key information about this burning:
- Number of tokens burned: 1,542,910.7518074 GT
- Value of this burning: approximately $33.84 million
- Cumulative total tokens burned: 178,632,323 GT
- Cumulative total value burned: approximately $3.92 billion (calculated at current prices)
