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The latest on-chain burn numbers for GateToken are locked in. A total of 2,570,063 GT (worth over $17.75 million) has been permanently destroyed.
Since launching this deflationary mechanism in 2019, the platform has maintained absolute financial discipline, executing quarterly burns without a single miss. This process has eliminated nearly 190 million tokens, slashing the initial 300 million maximum supply by a staggering 63.32%. The cumulative value of all tokens destroyed now exceeds $1.311 billion.
This reduction is driven by a programmatic loop where 20% of platform transaction revenues fuel secondary-market buybacks, paired with ongoing gas consumption on Gate Layer infrastructure. As ecosystem utility expands, the supply continues its steady, aggressive contraction.
#GTBurns2.57MInQ #Gateio #GateToken #Deflationary #TokenBurn
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