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Today, Gate completed the Q3 GT burn, approximately 2.1 million GT, with a total value exceeding 35 million USD! It is an important part of the long-term deflation plan for GT, making GT scarcer and more valuable.
GT has always been the core token of GateChain, and now with the launch of Gate Layer, its role has become more comprehensive.
On the Gate Layer, all on-chain operations must use GT to pay for Gas—whether it's transactions, smart contracts, NFT minting, or cross-chain operations, it is indispensable.
As the ecosystem and users grow, the usage of GT will also increase, gradually transforming it into the "power source" of the entire ecosystem.
The destruction and deflation plan of GT has always been executed transparently. No matter how the market fluctuates, it is being upheld. This is a value reinforcement that makes the entire ecosystem more stable and reliable. In the future, the ecosystem of GT and Gate will be safer, more efficient, and more enjoyable. I continue to have great expectations for Gate and GT, keep it up!❗