Today, we completed the GT burn process for the third quarter, around 2.1 million GT, with a total value exceeding 35 million Dollar.

Although this is a "digital step", it is an important part of our long-term austerity plan, making GT more scarce and valuable.

GT has always been the native token of GateChain, and now with the launch of Gate Layer, its role has become more comprehensive.

On Gate Layer, Gas must be paid using GT for all operations on the chain - whether they are transactions, smart contracts, NFT minting, or cross-chain operations, it is indispensable.

As the ecosystem and the number of users increase, the amount of GT usage will also rise; slowly, it has become the "energy" source for the entire ecosystem.

Our plan for destruction and contraction has always been transparent in execution, regardless of market fluctuations, we stick to it.

Simply put, this is the process of enhancing value, making the ecosystem more stable and reliable.

In the future, we will continue to work hard to make the GT system and Gate safer and more efficient, and also more enjoyable.