Odaily News According to the official announcement, the on-chain destruction of GateToken (GT) for Q1 2025 has officially been completed, with a total of 1,542,910.7518074 GT transferred to the destruction Address, destroying a value of over 33.84 million USD.
on-chain transaction details can be found at:
Since the launch of the GateChain mainnet in 2019, GT has been implementing a continuous burn mechanism, and the total token supply has significantly decreased by approximately 59.54% from the initial 300 million tokens. Key information about this burn:
-Total number of tokens destroyed: 1,542,910.7518074 GT
-The value of this destruction: approximately 33.8452 million USD
- Total cumulative burn: 178,632,323 GT
- Total value of cumulative destruction: approximately 3.92 billion USD (calculated at current prices)
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