GateToken (GT) 2025 Q1 on-chain destruction completed, with a total destruction value exceeding US$3.92 billion

Planet News: According to the official announcement, GateToken (GT) has officially completed its on-chain token burn for Q1 2025, with a total of 1,542,910.7518074 GT tokens transferred to the burn address, destroying tokens worth over $33.84 million. On-chain transaction details can be found at: https://etherscan.io/tx/0x07d08231fb04140708621348b3e030978c4feedceb4113f214cf085732ce9ec4 Since the GateChain mainnet launched in 2019, GT has been implementing a continuous token burn mechanism, with the total token supply significantly reduced by approximately 59.54% from the initial 300 million tokens. Key burn details: - Tokens burned this time: 1,542,910.7518074 GT - Value of this burn: approximately $33.84 million - Cumulative total tokens burned: 178,632,323 GT - Cumulative total burn value: approximately $3.92 billion (calculated at current prices)