The on-chain burn of GateToken (GT) for Q1 2026 has been successfully completed. A total of 2,557,729.381387 GT has been transferred to the burn address, with a total burn value exceeding $20.68 million.
On-chain transaction details can be viewed at: https://etherscan.io/tx/0x407753f09a22fc6655683928810336d0a42ba85b0b52a671897f47ebe4b12442
Since the launch of the Gate Chain mainnet in 2019, GT has continuously implemented a deflationary burn mechanism. The total supply has been reduced by approximately 62.46% from the initial 300 million tokens. Despite multiple market cycles, we have consistently adhered to a disciplined and transparent burn strategy, demonstrating our long-term commitment to GT's deflationary model and laying a solid foundation for its value support.
Key Details of This Burn
- Burned amount this round: 2,557,729.381387 GT
- Burn value this round: over $20.68 million
- Total burned to date: 187,377,156 GT
- Total burned value: over $1.382 billion (based on current prices)
Looking ahead, Gate will steadily advance its established GT burn roadmap and strengthen its deflationary mechanism, while continuing to enhance its multi-asset trading infrastructure and application ecosystem and expanding GT's use cases and value support within a compliant framework. The coordinated evolution of the deflationary mechanism and the product ecosystem is reinforcing GT's scarcity and long-term value, injecting sustained momentum into Gate’s long-term growth and its strategy as a comprehensive financial platform. Please refer to: https://www.gate.com/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.
Gate Team
April 27, 2026
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