GateToken (GT) On-Chain Burn for Q2 2025
GateToken (GT) On-Chain Burn for Q2 2025
Gate has successfully completed the on-chain burn of GateToken (GT) for the second quarter of 2025. A total of 1,922,789.196841 GT, valued at approximately $39.01 million, has been permanently removed from circulation by being transferred to the designated burn address.
View transaction details on-chain: https://etherscan.io/tx/0xd096462709ac0d98e789ca182c610b45ed524339cd01928e4c15a5192c2ee42c
Since the launch of GateChain in 2019, Gate has maintained a disciplined and transparent token burn mechanism, aiming to reduce the circulating supply of GT and reinforce a deflationary token model. As of this quarter, the total GT supply has been reduced by over 60.18% from the original 300 million. This ongoing commitment reflects our long-term vision for increasing GT’s scarcity and value.
Key Highlights from This Burn:
- GT burned this quarter: 1,922,789.196841
- Estimated burn value: ~$39.01 million
- Total GT burned to date: 180,555,112
- Cumulative Burn Value (at current prices): ~$2.748 billion
Looking ahead, Gate will continue to strictly follow its established burn schedule, ensuring compliance, transparency, and long-term sustainability. We remain committed to enhancing the intrinsic value of GT and supporting the community’s confidence in its future.
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 https://www.gate.com/user-agreement.
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