Announcements GateToken (GT) On-Chain Burn for Q1 2025

GateToken (GT) On-Chain Burn for Q1 2025

2025-05-14 03:09:59 UTC 346343 Read

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The on-chain burn of GateToken (GT) for the first quarter of 2025 has been successfully completed. A total of 1,542,910.7518074 GT has been transferred to the burn address, with its value exceeding $33.84 million.

View transaction details on-chain: https://etherscan.io/tx/0x07d08231fb04140708621348b3e030978c4feedceb4113f214cf085732ce9ec4

Since the launch of GateChain in 2019, we’ve been constantly burning GT, reducing its total supply by approximately 59.54% from the initial 300 million. Despite fluctuations in market conditions, the GT burn policy has been consistently and rigorously upheld. This unwavering approach reaffirms our commitment to the deflationary model and boosts GT’s long-term value.

**Key Information of This Burn:**
- Tokens burned this round: 1,542,910.7518074 GT
- Value of this burn: Approximately $33.8452 million
- Total cumulative tokens burned: 178,632,323 GT
- Total cumulative burn value: Approximately $3.92 billion (based on the current price)

Looking ahead, Gate will continue to strictly follow its established burn schedule. We remain committed to advancing the deflationary process in a compliant and steady manner, enhancing the scarcity and long-term value of GT.

**Disclaimer**:
This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making investment decisions. Gate may restrict or prohibit certain services in specific jurisdictions. For more information, please read the User Agreement via <a  rel="nofollow noopener noreferrer"  href="https://www.gate.com/user-agreement" target="_blank">https://www.gate.com/user-agreement</a>.

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Gate Team
May 14, 2025
<sp>
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