GateToken (GT) Q1 2025 Burn of 1.54 Million Tokens, Continuing Deflationary Strategy GateToken ($GT), the utility and fuel token of GateChain, has reduced its initial supply of 300 million tokens by approximately 59.54% through a continuous token burn mechanism since the mainnet launch in 2019. In Q1 2025, GT burned 1,542,910.75 tokens, valued at approximately $33.8452 million, bringing the cumulative burn to 178.6 million tokens with a total value of approximately $3.92 billion. This mechanism aims to support the long-term value of the token by controlling its supply. Burn Data: - Current Burn: 1,542,910.75 GT (approximately $33.8452 million) - Cumulative Burn: 178.6 million GT (approximately $3.92 billion) - Supply Reduction: 59.54% Market Data (CoinMarketCap, May 14, 2025): - GateToken ($GT): Total Market Cap $2.06 billion (Rank #45) - Bitget Token ($BGB): Total Market Cap $5.58 billion (Rank #26) - $OKB: Total Market Cap $2.96 billion (Rank #37, some data based on other sources) - Binance Coin ($BNB): Total Market Cap $95.03 billion (Rank #4) Future Plans: GateChain plans to optimize its infrastructure, such as data availability (DA), to enhance network efficiency and security. It also aims to expand its Web3 ecosystem, covering wallets, trading, asset management, NFTs, and other areas to improve user experience and token utility. Analysis: GT's burn mechanism stands out among exchange tokens, with a relatively fast supply reduction rate, demonstrating a focus on value management. Compared to BGB and OKB, GT's market cap is lower, but its deflationary strategy provides stable value support. BNB maintains a leading position due to its mature ecosystem, highlighting the significant impact of ecosystem scale on market cap. GateChain's future development should focus on the execution of technical upgrades and ecosystem expansion. Not investment advice, DYOR.