GT Breaks 13.329 USDT, Hits Historic High! Exclusive Airdrops and Staking Benefits Await Holders

Dec 5th, Panama - Recently, the cryptocurrency market has been experiencing continued bullish momentum, significantly contributing to the rise in overall market capitalization. Among the standout performers, GT has stood out, initiating a notable wave of price fluctuations. Yesterday, GT peaked at 13.329 USDT, highlighting GT’s robust market momentum, with its price setting a new all-time high.

Diversified GT Ecosystem with Versatile Use Cases

GT is GateChain's native token on the mainnet, which powers the entire GateChain ecosystem. Backed by its unique reversible trading mechanism, sound ecosystem support, and flexible incentive structures, GT has seen increased demand across a wide spectrum of applications. As a utility and gas fee payment token for GateChain, GT is powering the core transaction system of GateChain. Beyond these, GT is used broadly across spot trading, OTC trading, leveraged tokens, and futures contracts and further in derivative products such as wealth management with leverage, fiat lending, and Earn products.

Exclusive Benefits for GT Holders, Driving Community Growth

GT is different from other tokens as it focuses on user experience and community collaboration. For instance, through Startup investments, GT holders get access to investment opportunities with lower entry barriers. Furthermore, GT increases user influence by giving more significant decision-making power. This fosters active participation in the governance of the platform and collective progress. Since its launch in January, GT has outperformed many similar tokens by a margin of 160.87%.

Exclusive Advantages for GT Holders

GT holders enjoy a comprehensive suite of exclusive benefits:

Startup: Access to exclusive airdrops for new coins. The more GT tokens you hold, the larger your share of free airdrops.

Startup Mining: Dedicated mining pools for new tokens, supporting multiple mining options with a single coin.

GT Staking: A secure, user-friendly staking solution designed specifically for GT holders, enabling easy passive income generation. The average yield upon launch was 8.1%, with the current annualized return at 7.15%.

VIP Tier Upgrades: Enhanced access to Startup subscription shares and increased discounts on spot and contract trading fees.

Additionally, GT holders also gain access to exclusive welfare activities and a broader range of application scenarios.

Achieving Sustained Value Growth Through Ongoing Burn Plans

The other value of its diversified use case is enhanced because the ongoing mechanism of GT through a burn has, since 2019, reduced its total supply of tokens approximately by 58.06% from 300 million initially issued. Over the last three years, GT has been conducting quarterly token burns. The total burned amounts to 31,338,915.10 tokens with an approximate value of $189,839,265.347. This measure helped to reduce the circulating supply under 100 million GT as initially planned and set plans for further burn strategies. (For more information, please refer to our announcement on Gate Token (GT) On-Chain Burn for Q3 2024.

GT's record breaking price marks a strong performance in the market and indicates the possibility of further innovation and value growth within the Gate.io ecosystem. As the GT ecosystem continues to evolve and the burn mechanism persists, it is easy to see how GT will take its place in the industry and open more possibilities for its holders.

Media Contact:

Elaine Wang at elaine.w@gate.io

Disclaimer:

This content does not form part of an offer, solicitation, or advice. Independent professional advice should be sought before making any investment decisions. Gate.io may restrict access to certain services from specific regions; please refer to the User Agreement for further details.