GateToken (GT), the native asset of the GateChain blockchain, burned ~1.6 million tokens in Q2 of 2023, permanently removing them from circulation. The total circulating supply has been reduced by around half since manual token burns began. Upcoming updates for GateChain will replace the manual system with an on-chain automated one. Currently,Ā GTĀ is on a quarterly buyback and burn schedule, where a certain number of tokens are manually purchased and removed from circulation. Over 160 million...