gate Token (GT) completed on-chain burning in Q3, and Circulating Supply has been successfully reduced to less than 100 million.

On November 22, according to the official announcement, in the third quarter of 2024, gate Token (GT) completed on-chain destruction, with a total of 2,244,543.9745556 tokens destroyed. As of now, the cumulative number of GT destroyed has reached 174.1 million, with a Circulating Supply of approximately 96 million, successfully achieving the phased goal of reducing the Circulating Supply to within 100 million. Since the implementation of the GT destruction policy in 2019, the total supply has been reduced by approximately 58.06%, providing solid support for its long-term value. This quarter, gateChain completed the v1.1.6 Mainnet upgrade, and the new mechanism significantly improved transaction confirmation speed and reduced user costs, while further optimizing the GT Token burning strategy. The gate Web3 ecosystem has also undergone multiple updates in functionality and user experience, now supporting over 100 public chains and attracting 1.117 million new users, becoming an important entrance to Web3. In addition, the GT exclusive Mining product is now online, providing convenient and secure staking solutions, with an Annual Percentage Rate of approximately 6.71%. For more details, please refer to GT Staking. In the future, gateChain will continue to focus on technological innovation, improve ecosystem construction, and provide more efficient blockchain infrastructure support for global users and developers.