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