GateToken Torches 1.5M GT in Q1 Burn – Deflationary Move or Just Another Token Theater?

Gate.io’s native token GT just turned 1,542,910 coins to ash in its quarterly burn—a move the exchange claims ’reinforces long-term value.’

Deflationary play or smoke-and-mirrors? While reducing supply should theoretically boost prices, crypto veterans know these staged burns often coincide with... suspiciously timed executive sell-offs.

Pro tip: Watch the wallets, not the press releases.

Key Information of This Burn

• Tokens burned this round: 1,542,910.7518074 GT
• Value of this burn: Approximately $33.8452 million
• Total cumulative tokens burned: 178,632,323 GT
• Total cumulative burn value: Approximately $3.92 billion (based on the current price)

Looking forward, GateChain will continue to enhance its CORE infrastructure, including data availability (DA), to ensure network efficiency and security. At the same time, it will further expand its Web3 ecosystem to cover wallets, trading, asset management, NFTs, memes, and beyond, enhancing the overall user experience.

As more applications and chains integrate with GateChain, GT is expected to serve an even greater role in powering the ecosystem. Additionally, GT holders are entitled to exclusive benefits such as token launch airdrops, new token staking, and GT staking rewards. Gate remains firmly committed to the long-term deflationary plan for GT. Under a compliant and structured framework, it will steadily advance the token burn process, continually enhancing GT’s scarcity and long-term value. Through this approach, the platform aims to drive the crypto industry toward a more regulated, secure, and efficient future, delivering a richer suite of blockchain services for global users and building a thriving Web3 ecosystem together.

Media Contact: Elaine Wang at [email protected]

Disclaimer

This content does not constitute an offer, solicitation, or recommendation. You should always seek independent professional advice before making investment decisions. Gate.io may restrict or prohibit certain services in specific jurisdictions. For more information, please read the User Agreement via https://www.gate.io/user-agreement.

Disclaimer: This is a paid post and should not be treated as news/advice.