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Gate.io Has Burned More Than 3.6M GT Tokens From Circulation
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Singapore, Singapore, 24th November, 2021, Chainwire
Leading cryptocurrency exchange Gate.io announced that they had burned 3,672,687 GTs worth more than USD 23.13 million. GT or Gate Token is the native token of the Gate.io crypto ecosystem. The original total supply of GT was around 300 million. Among the total GT that were burned, 75% were bought from the open market and 25% from the eco-market. Gate.io will publish GT buyback & burn data alongside burn transaction IDs quarterly.
The amount of GT held is a crucial component when it comes to VIP tier escalation. The higher your VIP tier, the more discount you get. Overall, there are 16 tiers. Tiers 11 and
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