GT has burned 1.54 million tokens, bringing the total value of tokens burned to $3.92 billion.

robot
Abstract generation in progress

In the first quarter of 2025, the native Token GT of a certain Blockchain platform successfully completed an on-chain burn, permanently removing a total of 1,542,910.7518074 coins from circulation, with a destruction value exceeding 33.84 million USD. This burn operation is another manifestation of the platform's long-term deflationary strategy.

Since the launch of the mainnet of this Blockchain in 2019, GT has continuously implemented a sustainable destruction mechanism as the support for its underlying transfer system and the medium for fuel fee payments. After several rounds of market fluctuations, the platform remains committed to steadily executing the destruction strategy, demonstrating a long-term commitment to the deflationary mechanism of GT. Currently, the total supply of GT Token has significantly decreased by about 59.54% from the initial 300 million, providing solid support for its value.

The key data for this destruction is as follows:

  • Burned amount: 1,542,910.7518074 GT
  • Destruction value: approximately $33,845,200
  • Total amount of tokens burned: 178,632,323 GT
  • Total value of cumulative destruction: approximately 3.92 billion USD (calculated at current prices)

GateToken (GT) In the first quarter of 2025, a total of 1,542,910.7518074 tokens were destroyed, steadily solidifying long-term value

Looking ahead, the blockchain platform will continue to upgrade its core functions, including DA, to ensure the efficiency and security of the network. At the same time, the platform also plans to expand Web3 ecological applications such as wallets, trading, wealth management, NFTs, and Memes, aiming to enhance user experience. With the integration of more applications and public chains, the empowering role of GT is expected to further expand.

It is worth mentioning that GT holders can also enjoy exclusive benefits such as new coin airdrops, new coin mining, and GT mining. The platform promises to steadily advance the deflation process under the premise of legal compliance, continuously enhancing the scarcity and long-term value of GT. This is not only beneficial for GT itself but will also promote the cryptocurrency industry towards a more regulated, secure, and efficient direction, providing global users with richer blockchain services and jointly building a prosperous Web3 ecosystem.

GT2.02%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Share
Comment
0/400
GasFeeThundervip
· 12h ago
Data shows it's just a number game. Let's wait a bit more.
View OriginalReply0
SpyNetworkvip
· 08-04 16:03
Can GT become the next BNB?
View OriginalReply0
ThreeHornBlastsvip
· 08-04 13:25
Burning, brothers, take the opportunity to enter a position.
View OriginalReply0
SnapshotBotvip
· 08-04 13:18
Keep burning
View OriginalReply0
screenshot_gainsvip
· 08-04 13:16
Is it effective? Bullish but not rising.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)