Gate.io’s Token Burn: Why It Matters and the Value of Owning
$GT On May 13, 2025, Gate.io completed its Q1 2025 GT on-chain burn, eliminating 1,542,910.7518074 GT tokens worth approximately $33.8452 million, bringing the total burned to 178,632,323 GT, valued at ~$3.92 billion. This strategic move highlights Gate.io’s commitment to enhancing the value of its native token, $GT, and rewarding its community. But what is token burning, and why is owning
$GT important?
What Is Token Burning?
Token burning is the process of permanently removing a portion of a cryptocurrency’s supply from circulation