PANews reported on July 7 that according to the official announcement, the on-chain destruction of GateToken (GT) in Q2 2025 has been officially completed. A total of 1,922,789.196841 GTs werePANews reported on July 7 that according to the official announcement, the on-chain destruction of GateToken (GT) in Q2 2025 has been officially completed. A total of 1,922,789.196841 GTs were
GateToken (GT) 2025 Q2 on-chain destruction completed, with a total destruction value exceeding US$2.748 billion
1 min read
PANews reported on July 7 that according to the official announcement, the on-chain destruction of GateToken (GT) in Q2 2025 has been officially completed. A total of 1,922,789.196841 GTs were transferred to the destruction address, with a destruction value of more than 39.01 million US dollars. Since the launch of the GateChain mainnet in 2019, GT has been implementing a continuous destruction mechanism. So far, a total of 180,555,112 GTs have been destroyed, with a total destruction value of approximately US$2.748 billion (calculated at current prices). The total number of tokens has been significantly reduced by about 60.18% from the initial 300 million.
The transaction details on the chain can be found at: https://etherscan.io/tx/0xd096462709ac0d98e789ca182c610b45ed524339cd01928e4c15a5192c2ee42c
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Crypto News: Donald Trump-Aligned Fed Governor To Speed Up Fed Rate Cuts?
The post Crypto News: Donald Trump-Aligned Fed Governor To Speed Up Fed Rate Cuts? appeared on BitcoinEthereumNews.com. In recent crypto news, Stephen Miran swore in as the latest Federal Reserve governor on September 16, 2025, slipping into the board’s last open spot right before the Federal Open Market Committee kicks off its two-day rate discussion. Traders are betting heavily on a 25-basis-point trim, which would bring the federal funds rate down to 4.00%-4.25%, based on CME FedWatch Tool figures from September 15, 2025. Miran, who’s been Trump’s top economic advisor and a supporter of his trade ideas, joins a seven-member board where just three governors come from Democratic picks, according to the Fed’s records updated that same day. Crypto News: Miran’s Background and Quick Path to Confirmation The Senate greenlit Miran on September 15, 2025, with a tight 48-47 vote, following his nomination on September 2, 2025, as per a recent crypto news update. His stint runs only until January 31, 2026, stepping in for Adriana D. Kugler, who stepped down in August 2025 for reasons not made public. Miran earned his economics Ph.D. from Harvard and worked at the Treasury back in Trump’s first go-around. Afterward, he moved to Hudson Bay Capital Management as an economist, then looped back to the White House in December 2024 to head the Council of Economic Advisers. There, he helped craft Trump’s “reciprocal tariffs” approach, aimed at fixing trade gaps with China and the EU. He wouldn’t quit his White House gig, which irked Senator Elizabeth Warren at the September 7, 2025, confirmation hearings. That limited time frame means Miran gets to cast a vote straight away at the FOMC session starting September 16, 2025. The full board now features Chair Jerome H. Powell (Trump pick, term ends 2026), Vice Chair Philip N. Jefferson (Biden, to 2036), and folks like Lisa D. Cook (Biden, to 2028) and Michael S. Barr…
Share
BitcoinEthereumNews2025/09/18 03:14
XRPL Validator Reveals Why He Just Vetoed New Amendment
Vet has explained that he has decided to veto the Token Escrow amendment to prevent breaking things
Share
Coinstats2025/09/18 00:28
US Senate Democrats plan to restart discussions on a cryptocurrency market structure bill later today.
PANews reported on February 4th that, according to Crypto In America, US Senate Democrats plan to reconvene on the afternoon of February 4th to discuss legislation
Share
PANews2026/02/04 23:12