The platform token Q1 burn exceeded 33.84 million USD, with a cumulative reduction of nearly 60%.

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A certain platform's token completed an on-chain burn in the first quarter of 2025, with a total of 1,542,910.7518074 tokens transferred to the burn Address, with a burn value exceeding 33.84 million USD. This is part of the deflationary mechanism that the platform continues to implement.

Since the mainnet of the public chain where the token is located went live in 2019, the total supply of the token has significantly decreased by approximately 59.54% from the initial 300 million. Despite multiple rounds of market fluctuations, the platform has consistently adhered to a prudent destruction strategy, demonstrating a long-term commitment to the deflationary mechanism, thereby laying a solid foundation for supporting the token's value.

The key information for this destruction is as follows:

  • Burned amount: 1,542,910.7518074 coins
  • Burned value: approximately $33.84 million
  • Total amount of cumulative destruction: 178,632,323 pieces
  • Total value of cumulative burns: approximately $3.92 billion (based on current prices)

GateToken (GT) In the first quarter of 2025, a total of 1,542,910.7518074 tokens were destroyed, steadily solidifying long-term value

In the future, this public chain will continue to upgrade its core functions, including DA, to ensure the efficiency and security of the network, and expand the Web3 ecosystem including wallets, trading, finance, NFTs, and Memes, enhancing the user experience. As more applications and public chains connect, the token will play a greater empowering role. In addition, token holders will also enjoy exclusive benefits such as new coin airdrops, new coin mining, and token mining.

The platform will continue to implement the token burn plan, steadily advancing the deflationary process under the premise of legality and compliance, continuously enhancing the scarcity and long-term value of the tokens. At the same time, the platform is also committed to promoting the cryptocurrency industry towards a more regulated, secure, and efficient direction, providing global users with richer blockchain services, and jointly building a prosperous Web3 ecosystem.

It is worth noting that this information is for reference only and does not constitute any investment advice. Before making any investment decisions, investors should seek independent professional advice and fully understand the associated risks.

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AlphaLeakervip
· 07-04 13:54
Less is more in storytelling
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GateUser-69f4b2devip
· 07-01 22:03
20% of the pure profit each month will be used to buy back and burn gt coin, while the remaining 80% will be injected into gt coin if it does not go public on the US stock market, allowing gt coin to soar.
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PrivateKeyParanoiavip
· 07-01 15:22
The burning is still ongoing.
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UncleWhalevip
· 07-01 15:22
Continuing to destroy strongly
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