GateToken (GT) 2025 Q1 on chain destruction completed, with a value of over 33.84 million US dollars destroyed

According to BlockBeats, on May 14th, it was officially announced that the on chain destruction of GateToken (GT) in Q1 2025 has been completed. A total of 1542910.7518074 GT were transferred to the destruction address, with a value of over 33.84 million US dollars. It is reported that since the launch of GateChain mainnet in 2019, GT has been implementing a continuous destruction mechanism, and the total number of tokens has significantly decreased by about 59.54% from the initial 300 million. Key information for this destruction: -Quantity destroyed this time: 1542910.7518074 GT - Value destroyed this time: approximately 33.8452 million US dollars - Cumulative total destroyed: 178632323 GT - Cumulative total destroyed: approximately 3.92 billion US dollars (calculated at current prices)