#GT三季度销毁近200万枚 Deflation is real, but long-term value has never been created by burning alone 🔥

Q3 data (10/5 announcement): 1,987,321 GT burned (approximately 1.99 million, worth $22.35 million), bringing cumulative burns to 191.9 million GT and reducing the total supply from 300 million by 63.98%.
One detail to note: Q3 burns (1.99 million) were approximately 22% lower than in Q1 (2.557 million) and Q2 (2.57 million), but the burn value was roughly comparable ($22.35 million vs. $20.68 million/$17.75 million)—because the GT price has risen ($11 vs. $7–8 previously).
The burn budget is “constant in dollar terms, declining in quantity,” which is a normal feature of a deflationary mechanism, not “burning less.”
Long-term value in one sentence: GT = Gate’s profit “profit-sharing rights” (returned through burns) × sustained deflation (supply only decreases, never increases) × ecosystem expansion (from discount coupon to fuel)—the product of the three determines the ceiling. Deflation is real, profitability is the anchor, and the ecosystem is the variable.

I. How to read the Q3 burn data: three figures, three layers of meaning
1.99 million GT per quarter: At this pace, approximately 8 million GT will leave circulation each year—an annualized deflation rate of roughly 7–8% against a circulating supply of 108 million. Not aggressive, but its strength is that it is “unwavering”—announced every quarter, verifiable on-chain, and never stopped in 7 years
​63.98% cumulative: Of the initial 300 million GT, 191.9 million has been burned, leaving only approximately 108 million in circulation—nearly two-thirds of the supply has disappeared. This is the first cornerstone of GT’s long-term value: scarcity
​$1.504 billion in cumulative burned value: Over the years, Gate has used every bit of its real cash profit to buy and burn GT—this is the strongest evidence of “profit sharing”

II. The core of long-term value: deflation is only an “amplifier”; profitability is the “engine”
Many people look only at burns when evaluating exchange tokens, but where the money for the burns comes from is the key:
GT’s formula: GT value = Gate profit × buyback-and-burn ratio ÷ circulating supply
Numerator (Gate profit): 60 million users, 37 state-level licenses, $7.394 billion in assets, and $118 million in 7-day net inflows, ranking third globally—Gate is making money, and making more and more
​ Burn ratio: 15% of spot + futures profits—the fixed “profit-sharing ratio”
​Denominator (circulating supply): 108 million GT, still declining each quarter
As long as Gate’s profits grow, GT’s “earnings per coin” will continue to strengthen—burns turn this strengthening into something “embedded” in the token price. Deflation itself does not create value; it amplifies the denominator effect of Gate’s “profitability”!
Q3’s 63.98% deflation is “certain scarcity,” Gate’s profitability is the “certain engine,” and the 10/7 ecosystem upgrade is the “biggest variable”—deflation provides the “floor,” profits provide the “growth rate,” and the upgrade provides the “imagination.”
The GT story is worth telling for the long term, and GT has a promising future 🔥🔥🔥$GT