The GT (GateToken) token primarily refers to the cryptocurrency powering the Gate.io platform and the GateChain blockchain. Below is a comprehensive overview based on the latest available information.

For a quick understanding, the table below summarizes the key details about the GT token:

| Category | Description |
|----------------------|-----------------------------------------------------------------------------|
| Current Price | 12.29 USDT (As of recent data) |
| Market Capitalization| Approximately $986.65 million (Rank: ~70) |
| Max Supply | 300 million GT |
| Circulating Supply | 80.27 million GT |
| Main Uses | Transaction fees, staking rewards, HODLer Airdrop offers, platform usage in GateChain |

🪙 What is the GT (GateToken)?

· Nature and Function: GT (GateToken) is the native token of GateChain and the primary currency of the Gate.io exchange. It acts as a store of value within the ecosystem, used to pay transaction fees, participate in staking to validate transactions and earn rewards, and for platform payments.
· GateChain Blockchain: GateChain is a public blockchain focused on asset security and decentralized trading. It features a processing rate of up to 2000 transactions per second and uses a Proof of Stake (PoS) consensus mechanism.

💹 GT Price Performance and Macroeconomics

· Burn Mechanism: Gate.io implements a periodic token burn policy. Research indicates that over 182 million GT have been burned, making it a deflationary asset aimed at increasing scarcity over time.
· Staking Rewards: GT holders can earn annual yields of approximately 5% by staking their tokens to help secure the network.
· Exclusive Offers: Holding GT provides opportunities to participate in the "HODLer Airdrop" program for free tokens and early access to promising Launchpad projects.

💎 Summary

GT is a fundamental component of the Gate.io and GateChain ecosystem. It combines practical utility as a payment method within the platform with a deflationary monetary policy through periodic burns. While its price may experience typical cryptocurrency volatility, its economic model aims to reward long-term holders.

Please note that cryptocurrency prices are highly volatile, so always conduct your own research before making any investment decisions.