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According to an official announce Gatetoken (GT) For the first quarter of 2025 it was successfully completed. A total of 1,542,910,7518074 GT was converted to Burn Address, exceeding $ 33.84 million.
View transaction details on the string: https://etherscan.io/tx/0x07D08231FB04140708621348B3E030978C4Feedceb4113F214CF085732CE9
As a token with a token and gas charges on gatechain, Gt It plays a basic role in supplying basic network transfer infrastructure. Since the launch of Gatechain Mainnet in 2019, GT has introduced a permanent deflationary mechanism. The total token delivery was significantly reduced from the initial 300 million, with a total reduction in approximately 59.54%. Despite more market cycles, this platform was constantly conducting a caution and transparent burns strategy that showed its long -term obligation to the GT deflation model and provided a solid foundation for permanent value assessment.
Key information about this burns
- Tokens burned this wheel: 1 542 910.7518074 GT
- The value of this burns: approximately 33.8452 million USD
- Total Cumulative tokens Burned: 178 632,323 GT
- Total cumulative burns value: approximately $ 3.92 billion (based on current price)
We are looking forward to gatechain will continue to increase its basic infrastructure, including data availability (DA) to ensure network efficiency and security. At the same time, it will further expand its web3 ecosystem to cover your wallets, trading, asset management, NFT, memes and further, increasing the overall user experience.
How multiple applications and strings integrate with gatechain, Gt It is expected to serve an even more role in the power supply of the ecosystem. In addition, GT holders are entitled to exclusive benefits such as launching AirDrops token, new tokens and GT rewards. The gate remains firmly determined for the long -term defusion plan for the GT. As part of a compatible and structured framework, it will constantly develop the token burning process and constantly increase the lack and long -term GT value. The aim of this approach aims to control the crypto industry towards a more regulated, safer and more efficient future and to provide a richer set of blockchain services for global users and building a prosperous web3 ecosystem together.
Media contact: Elaine Wang on elaine.w@gate.io
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