Source: Gate

Lately, the cryptocurrency market has continued its strong upward trend, driving the overall market capitalization to new heights. Among them, GT has shown remarkable performance, initiating a significant oscillating uptrend. Yesterday, the GT price reached a high of 13.329 USDT, demonstrating GT's strong momentum in the market while also setting a new all-time high.

GT Ecosystem Diversification with Wide Application Scenarios

GT is the native mainnet asset of GateChain, a cryptocurrency that supports the entire GateChain ecosystem. With its unique reversible transaction mechanism, rich ecosystem support, and flexible incentive mechanisms, GT has driven continuous demand growth. As a Utility Token and Gas Fee payment token on GateChain, GT underpins GateChain's underlying transfer system. Additionally, GT is widely used in various scenarios including spot trading, OTC over-the-counter trading, margin trading, futures contracts, and various derivative products such as leveraged finance, fiat currency lending, and wealth management services.

GT Holder-exclusive Benefits Driving Community Growth

Compared to other similar coins, GT places more emphasis on user experience and community building. Through initiatives like Startup investments, GT provides holders with opportunities to participate in low-threshold investment projects. Furthermore, GT gives users greater decision-making power, encouraging active participation in platform governance to collectively drive platform development. Based on the opening price in January of this year, GT's price increase has outperformed most similar coins, with a surge of 160.87%.

Hold GT for a Range of Exclusive Benefits

Startup: Provides exclusive airdrops for new coins; the more GT tokens held, the more exclusive free airdrops that can be obtained.

New Coin Mining: Establishes a dedicated pool for mining new coins, supporting multi-coin mining.

GT Mining: Specifically designed for GT holders, offering a convenient and secure staking plan that allows GT holders to easily earn rewards. The average yield rate after launch is 8.1%, with the current annualized return rate at approximately 7.15%. A total of 147,076.26 GT has been distributed since launch, valued at around 1,398,719.68 US dollars.

VIP Level Upgrade: Access to more Startup subscription quotas and spot and contract fee discounts.

In addition to the above benefits, holding GT also brings more benefits such as participation in welfare activities and application scenarios.

Ongoing Burn, Steady Value Increase

In addition to a rich variety of use cases, ongoing burn continues to support the increase in GT's intrinsic value. Since 2019, GT has reduced its total supply by approximately 58.06% through burning. Over the course of three years, GT has regularly burned on a quarterly basis, with a cumulative total of 31,338,915.10 GT burned, valued at approximately $189,839,265.347. This has achieved the preliminary goal of reducing the actual circulating supply to less than 100 million GT and plans to continue the burn strategy in the future.

The historical high of GT not only demonstrates its strong market performance but also showcases the continuous innovation and value enhancement potential of the Gate ecosystem. With the ongoing expansion of the GT ecosystem and the implementation of the burn mechanism, GT will continue to lead the industry development and create more opportunities for holders.

Disclaimer

This content does not constitute any offer, solicitation, or advice. You should always seek independent professional advice before making any investment decisions. Please note that Gate may restrict or prohibit some or all services from restricted areas. Please read the user agreement for more information.

This article is contributed content and does not represent the views of BlockBeats