GateToken（GT）2026 nearly burned in Q3 2000000 tokens
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AT A GLANCE
PANews stated that GT completed 2026 Q3 1,987,321.2431520 tokens in an on-chain burn.
Article
GateToken（GT）2026 Q3 nearly burned 2000000 tokens, bringing the cumulative total burned to 192000000 tokens
PANews October 5 reported, according to an official announcement, that the on-chain burn for GateToken (GT）2026 Q3 has been completed, with a total of 1,987,321.2431520 GT transferred to a burn address, with a burn value exceeding 22350000 USD. To date,GT has reached a cumulative total of 191,934,541 tokens, with a cumulative burn value exceeding 1504000000 USD(calculated based on the quarterly average price).GT is Gate's core platform token and the native asset of Gate Chain, serving as the Gate Chain on Utility Token and a Gas Fee payment token, supporting on-chain transfers and other basic network functions. Since 2019 Gate Chain mainnet launch,GT has continued to exec...
PANews October 5 reported that its source was an official announcement.
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GateToken（GT）2026 The on-chain burn for Q3 has been completed.
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A total of 1,987,321.2431520 tokens GT were transferred to a burn address, with a burn value exceeding 22350000 USD。
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As of the “present” referred to in the report,GT the cumulative burned amount was 191,934,541 tokens, with a cumulative burn value exceeding 1504000000 USD; the cumulative value was calculated based on the quarterly average price.
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The original text states that GT is Gate's core platform token and the native asset of Gate Chain, and can be used as the Gate Chain on Utility Token and as a Gas Fee payment token.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This news report states that a batch of GT was transferred to a burn address and provides the amount and value burned both in this instance and cumulatively. The original text also describes GT as being used to pay Gate Chain on Gas Fee, support on-chain transfers, and serve other purposes.
Why it matters to readers
The specific burn amount and cumulative data can be used to observe GT's burn progress; however, this material does not provide on-chain transaction records that can be directly verified.
Beginners should distinguish between the “amount burned this time” and the “cumulative amount burned,” and note that the USD value is an estimate used in the report, with the cumulative value calculated based on the quarterly average price.
Risks and unknowns
The material says the news came from an official announcement but does not include the original official announcement.
The provided content contains no on-chain transaction hash, burn address, or corresponding transaction record, so it cannot be independently verified on this basis.
The body text is truncated at “continued to exec...”; the subsequent content is unknown.
The material does not explain the actual impact of this burn on GT price or market demand.
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Related concepts
on-chain burn
This term is not in the glossary yet. Browse related concepts in the glossary.
