#GT #GT持续销毁 #GT value continues to rise

BlockBeats news, on November 22, according to the official announcement, in the third quarter of 2024, gate Token (GT) completed on-chain destruction, with a total of 2,244,543.9745556 tokens destroyed. As of now, the cumulative number of GT destroyed has reached 174.1 million, with a Circulating Supply of approximately 96 million, successfully reducing the Circulating Supply to within 100 million as a phased goal. Since the implementation of the GT destruction policy in 2019, the total supply has been reduced by approximately 58.06%, providing solid support for its long-term value. This quarter, gateChain completed the v1.1.6 mainnet upgrade, and the new mechanism significantly improved transaction confirmation speed, dropped user costs, and further optimized the GT token burning strategy. The gate Web3 ecosystem has also seen multiple updates in functionality and user experience, currently supporting over 100 public chains, with an addition of 1.117 million users, becoming an important Web3 gateway. In addition, the GT exclusive mining product is now online, providing a convenient and secure staking solution, with an Annual Percentage Rate of approximately 6.71%. For more details, please refer to GT Staking. In the future, gateChain will continue to focus on technological innovation, improve ecosystem construction, and provide more efficient blockchain infrastructure support for global users and developers.