Gate.io GT Buyback & Burn Results for the First Quarter of 2022
작성자 게이트아이오
조회수 26
작성일 22.06.02 22:21
Since September 1st, 2020, Gate.io has been setting aside 20% of its platform profits to buy back and burn GT. Among the total GT that were burnt, 75% were bought from the open market and 25% from the eco-market. GT buyback & burn data alongside burn transaction IDs will be published quarterly.
In the first quarter of 2022 (Q1), the blockchain industry experienced huge fluctuations. This created huge trading opportunities for users. As such, both the trading volume and the number of Gate.io users reached a historical high. And a total of 3243433.1032228 GT was burnt in this quarter (the GT repurchase cost was 6.5910233333333, and the total value was approximately 17546973.08843534 USDT based on the current GT price of $5.4).
The detailed information is summarized as follows:
1. The number of users of Gate.io continues to grow. As of January 26, 2022, the number of global users has exceeded 10 million, becoming the second largest cryptocurrency exchange in the world;
2. In 2022 Q1, Gate.io has more than 1400 spot currencies, with the daily spot trading volume exceeding $3 billion and the daily platform trading volume exceeding $10 billion.
3. In 2022 Q1, the copy trading rose to a record high, and the amount of funds exceeded $2 billion.
4. In 2022 Q1, the trading volume of perpetual contracts maintained a strong momentum, with daily trading volume exceeding $7 billion, and became one of the largest contract trading platforms in the world.
5. By 2022 Q1, Gate.io NFT Magic Box has created more than 300000 works, and the product scale has grown rapidly. GateChain public chain is the platform that supports the most public chains in the crypto space and the largest centralized cross-chain platform.
6. The total number of GT burnt in the first quarter of 2022 (Q1) is 3243433.1032228 GT, the average repurchase cost of GT is 6.5910233333333, and the total value is approximately 17546973.08843534 USDT based on the current GT price of $5.41;
7. Burn transaction record: https://etherscan.io/tx/0xeb74294c4c102afea05d5993f5a9670ce5be3a94d801313518023a8ee49884ec
8. The initial supply was 300 million GT, and 151484631.36541558 GT have been burnt till now. Click the link to check:
https://etherscan.io/token/0xe66747a101bff2dba3697199dcce5b743b454759?a=0x2b8f8d19f5ba3bec5b44deded3818a427895f308
9. The uncirculated supply has 20 million GT, which will not flow to the market until they are burnt.
10. After this burn, the current GT circulating supply is 118515368.63458442 (excluding the legal fund and mining output allocations);
11. The GT PoS generation rate is much lower than the burn rate, so GT is in a state of net deflation.
12.Based on the actual amount of GT in circulation and the amount burnt in Q1, the burnt amount is about 2.73672% of the circulation amount.
Gate.io was selected as one of the world's best exchanges by Forbes Advisor in 2021, and we are also one of the most secure platforms in the world assessed by the authoritative third-party organization, CER. In the fourth quarter of 2022 (Q1), the website traffic reached a new high and received extensive attention from mainstream media and institutions, becoming the choice of 10 million users worldwide.
Gate.io is rapidly promoting the process of globalization and compliance.We believe that through scientific, intelligent and leading blockchain applications, we can promote world economic and social development and the progress of people's lives. We welcome blockchain talents from all over the world to join Gate.io to bring secure and innovative blockchain services to customers and partners around the world. Thank you for your trust and support!
Gateway to Crypto
Trade over 1,400 cryptocurrencies safely, quickly and easily on Gate.io
Sign up to enter the crypto gateway and get 40% commission from referrals
Download iOS/Android App right now.
Reach out to us!
Twitter: https://twitter.com/gate_io
Telegram: https://t.me/gateio
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
Podcast: https://gateio.buzzsprout.com/?ch=buzzs
Gate.io Team
June 2
In the first quarter of 2022 (Q1), the blockchain industry experienced huge fluctuations. This created huge trading opportunities for users. As such, both the trading volume and the number of Gate.io users reached a historical high. And a total of 3243433.1032228 GT was burnt in this quarter (the GT repurchase cost was 6.5910233333333, and the total value was approximately 17546973.08843534 USDT based on the current GT price of $5.4).
The detailed information is summarized as follows:
1. The number of users of Gate.io continues to grow. As of January 26, 2022, the number of global users has exceeded 10 million, becoming the second largest cryptocurrency exchange in the world;
2. In 2022 Q1, Gate.io has more than 1400 spot currencies, with the daily spot trading volume exceeding $3 billion and the daily platform trading volume exceeding $10 billion.
3. In 2022 Q1, the copy trading rose to a record high, and the amount of funds exceeded $2 billion.
4. In 2022 Q1, the trading volume of perpetual contracts maintained a strong momentum, with daily trading volume exceeding $7 billion, and became one of the largest contract trading platforms in the world.
5. By 2022 Q1, Gate.io NFT Magic Box has created more than 300000 works, and the product scale has grown rapidly. GateChain public chain is the platform that supports the most public chains in the crypto space and the largest centralized cross-chain platform.
6. The total number of GT burnt in the first quarter of 2022 (Q1) is 3243433.1032228 GT, the average repurchase cost of GT is 6.5910233333333, and the total value is approximately 17546973.08843534 USDT based on the current GT price of $5.41;
7. Burn transaction record: https://etherscan.io/tx/0xeb74294c4c102afea05d5993f5a9670ce5be3a94d801313518023a8ee49884ec
8. The initial supply was 300 million GT, and 151484631.36541558 GT have been burnt till now. Click the link to check:
https://etherscan.io/token/0xe66747a101bff2dba3697199dcce5b743b454759?a=0x2b8f8d19f5ba3bec5b44deded3818a427895f308
9. The uncirculated supply has 20 million GT, which will not flow to the market until they are burnt.
10. After this burn, the current GT circulating supply is 118515368.63458442 (excluding the legal fund and mining output allocations);
11. The GT PoS generation rate is much lower than the burn rate, so GT is in a state of net deflation.
12.Based on the actual amount of GT in circulation and the amount burnt in Q1, the burnt amount is about 2.73672% of the circulation amount.
Gate.io was selected as one of the world's best exchanges by Forbes Advisor in 2021, and we are also one of the most secure platforms in the world assessed by the authoritative third-party organization, CER. In the fourth quarter of 2022 (Q1), the website traffic reached a new high and received extensive attention from mainstream media and institutions, becoming the choice of 10 million users worldwide.
Gate.io is rapidly promoting the process of globalization and compliance.We believe that through scientific, intelligent and leading blockchain applications, we can promote world economic and social development and the progress of people's lives. We welcome blockchain talents from all over the world to join Gate.io to bring secure and innovative blockchain services to customers and partners around the world. Thank you for your trust and support!
Gateway to Crypto
Trade over 1,400 cryptocurrencies safely, quickly and easily on Gate.io
Sign up to enter the crypto gateway and get 40% commission from referrals
Download iOS/Android App right now.
Reach out to us!
Twitter: https://twitter.com/gate_io
Telegram: https://t.me/gateio
Instagram：https://www.instagram.com/gateioglobal
Medium：https://medium.com/@gateio
Podcast: https://gateio.buzzsprout.com/?ch=buzzs
Gate.io Team
June 2
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