PANews July 7 news, according to the official announcement, the on-chain destruction of GateToken (GT) for Q2 2025 has officially been completed. A total of 1,922,789.196841 GT has been transferred to the destruction address, with a destruction value exceeding 39.01 million USD. Since the launch of the GateChain mainnet in 2019, GT has been implementing a continuous destruction mechanism. As of now, a total of 180,555,112 tokens have been destroyed, with a cumulative destruction value of approximately 2.748 billion USD (calculated at current prices). The total supply of tokens has been significantly reduced from the initial 300 million by about 60.18%.
On-chain transaction details can be found at: https://etherscan.io/tx/0xd096462709ac0d98e789ca182c610b45ed524339cd01928e4c15a5192c2ee42c
