GateToken (GT) Price

GT is GateToken, serving both as Gate's platform token and GateChain's native token. GT therefore has two layers of use: it serves as a native asset on GateChain, while under Gate platform rules, holding or using GT may be associated with certain fee rates and activity benefits. The product rules that apply to these two uses are not the same.

GT is GateChain's native token. A native token is an asset used by the network itself to carry on-chain value and network operations; when operating on GateChain, users should prepare the required GT in accordance with the network's current fee and wallet rules. This differs from product benefits obtained by holding GT in a platform account: the former depends on on-chain transactions and network rules, while the latter depends on eligibility, regional, and activity rules set by Gate for the specific service.

GT holdings that meet the current rules may affect VIP level, trading-fee discounts, and allocations in certain Startup airdrops. The GT page states that holdings can be used to advance up to VIP14; after enabling GT fee deduction, fees may also receive an additional discount on top of the applicable VIP rate. Startup airdrops are not determined solely by the balance at one point in time. The page links allocations to a 14-day average GT holding: the system uses the average holding during that observation period as one of the allocation bases. Therefore, eligibility, the applicable products, and the actual discount or allocation remain subject to the rules for that activity period and account conditions.

GT had an initial total supply of 300 million tokens. Gate states that since the GateChain mainnet launched in 2019, GT has been subject to ongoing on-chain burns; burning transfers tokens to a burn address, so those tokens no longer circulate as available balances. The announcement for the second quarter of 2026 disclosed that 2,570,063.3829548 GT were burned during the quarter, bringing cumulative burns to 189,947,219 GT. This cumulative figure is the amount burned since the ongoing burn mechanism began and should not be confused with exchange account balances or real-time circulating supply at a particular point in time.

A burn directly changes the amount of unburned GT; it does not distribute returns to holders or predetermine the market price. If other conditions remain unchanged, a smaller quantity of available tokens changes the supply side; however, price is also affected by factors such as demand, trading depth, market expectations, and overall market conditions. Therefore, when understanding burns, users should consider three facts separately: the amount and timing of the burn, where that amount stands relative to total supply, and the network-fee or platform rules that actually apply when they use GT. The term “deflationary” in an announcement should not be directly equated with a guaranteed price increase.