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Editorial Note: The following content does not reflect the views or opinions of BeInCrypto. It is provided for informational purposes only and should not be interpreted as financial advice. Please conduct your own research before making any investment decisions. In the cryptocurrency market, the burn mechanism of exchange tokens has always been a key factor influencing their value and market performance. As the core token of Gate.io, GT stands out in the market with its unique burn strategy and deflationary model. This article provides an in-depth analysis of GT’s burn mechanism, its market performance, and its crucial role within the platform ecosystem while exploring its future growth potential. GT Burn in Q4 2024 According to the official announcement, the on-chain burn for GT in Q4 2024 has been completed. A total of 2,904,885.4321514 GT was burned, valued at over $63.9 million. To date, a total of 177 million GT has been burned, accounting for approximately 60% of its initial total supply, placing it among the leading projects in the industry in terms of burn scale. Analysis of GT Burn Mechanism and Its Impact Core Logic of the Burn Mechanism The GT burn mechanism is not static; it is dynamically adjusted based on market conditions and platform development. The core logic revolves around a continuous deflationary strategy to reduce circulating supply, thereby enhancing GT’s scarcity and value. The burn mechanism can be broken down into the following stages: Gate.io plans to burn the GT holdings in the GT Insurance Fund to ensure these tokens do not enter circulation. Meanwhile, the insurance fund will be restructured with equivalent-value allocations in mainstream assets such as USDT, USDC, BTC, and ETH to strengthen its overall health and stability. This strategy not only protects user assets but also enhances the platform’s resilience in extreme market…

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Filed under: News - @ March 10, 2025 3:25 pm