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CoinRank News: According to the official announcement, the on-chain destruction of GateToken (GT) in Q1 2025 has been officially completed. A total of 1,542,910.7518074 GT were transferred to the destruction address, with a destruction value of more than 33.84 million US dollars. The details of the on-chain transaction can be found at: https://etherscan.io/tx/0x07d08231fb04140708621348b3e030978c4feedceb4113f214cf085732ce9ec4 Since the launch of the GateChain mainnet in 2019, GT has been implementing a continuous destruction mechanism, and the total number of tokens has been significantly reduced by about 59.54% from the initial 300 million. Key information of this destruction: -Amount destroyed this time: 1,542,910.7518074 GT -Value of this destruction: approximately US$33.8452 million -Total amount destroyed: 178,632,323 GT -Total value destroyed: approximately US$3.92 billion (calculated at current prices)
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