PANews May 14 news, according to the official announcement, the on-chain destruction of GateToken (GT) for Q1 2025 has been officially completed, with a total of 1,542,910.7518074 GT transferred to the burn address, with a destruction value exceeding 33.84 million USD. Since the launch of the GateChain mainnet in 2019, GT has implemented a continuous destruction mechanism, and as of now, the total amount destroyed has reached: 178,632,323 GT, with a total destruction value of approximately 3.92 billion USD (calculated at current prices), and the total token supply has significantly decreased from the initial 300 million to about 59.54%.
On-chain transaction details can be found at: https://etherscan.io/tx/0x07d08231fb04140708621348b3e030978c4feedceb4113f214cf085732ce9ec4