GT Surpasses $13.329, Hits All-Time High, Holders to Receive Exclusive Airdrops and Mining Rewards

By: blockbeats|2024/12/05 06:00:02

Source: Gate

GT Surpasses src=

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.

-- Price

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

In the next decade, the biggest evolution of Bitcoin is precisely "responding to change with invariance." The four-year cycle is giving way to capital flows such as ETFs, corporate and sovereign reserves, and bank credit, while digital credit and digital currency will grow layer upon layer on top of...

Forbes Special Report: Stablecoin cross-border payments are faster now, but not cheaper yet

Cross-border payments using stablecoins are rapidly expanding, bringing speed and accessibility, but due to insufficient institutional liquidity, they have not yet delivered on their promised cost savings. The technology has been validated, and regulations are improving, but the industry has not yet...

A valuation of 8 billion dollars, doubling in 8 months! What makes the crypto-friendly bank Erebor Bank stand out?

Erebor is a high-profile experiment taking place at the intersection of banking, cryptocurrency, and industrial policy.

340 billion valuation: Li Yanhong's largest IPO, a seat in Kunlunxin's shares is hard to come by

As a core asset in Baidu's AI landscape, Kunlun Chip is expected to exceed Baidu's market value after going public, becoming an important bargaining chip in its turnaround battle.

Stablecoins are the "royalists" of the crypto world: Open USD brings the old currency system into play

The emergence of Open USD has shifted the competition for stablecoins from the market struggle of crypto startups to a battle for infrastructure involving traditional finance, payment networks, technology platforms, and public chain ecosystems.

Cape Verde 2-3 Argentina: The Underdog Team That Stunned the World in Defeat

Cape Verde's run ended in a 3-2 defeat to Argentina, but their journey — three unbeaten draws, one heroic goalkeeper, and a fight that pushed the defending champions to the brink — is the kind of story markets recognize too: small caps can rattle blue chips long before anyone expects it.

Semiconductor stocks plummet, yet Anthropic wants to create a 2nm chip

Abandoning TSMC and teaming up with Samsung. Anthropic launches a self-developed 2nm chip program, challenging Nvidia and starting a battle to break through computing power costs.

Where is Zhao Changpeng's billion-dollar investment going? YZi Labs' investment landscape fully revealed

Zhao Changpeng's billion-dollar new "family office" YZi Labs investment landscape revealed: 70% of the funds are committed to the crypto ecosystem, while 30% are cross-industry bets on AI and biotechnology, launching a new capital experiment in the post-Binance era.

Ethereum Foundation Report: A Basic Guide to Ethereum for Governments and Financial Institutions

The Ethereum Foundation has released this non-technical introductory report aimed at government officials, central banks, regulators, and corporate decision-makers, explaining how Ethereum works, how it is governed, how it differs from other blockchains, and how institutions and governments are alre...

A pre-announced harvesting case: After the cryptocurrency price dropped by 99%, the public chain Saga exited to transform into AI

True failure often isn't a single price drop, but rather a pricing mechanism that repeatedly rewards those who tell stories while repeatedly punishing those who believe in the stories.

When American giants collectively "defect" from Chinese AI models

Coinbase CEO publicly stated: the company has fully switched its AI to a Chinese model, cutting expenses in half while usage has doubled. Snowflake and Lindy are also doing the same thing—an unnoticed "AI model migration wave" is happening.

BIS Report Compliance Observation: The Real Risks of Stablecoins, Not Just "Depegging"

The issue with stablecoins is not just whether their price will decouple, but whether they can be integrated into a recognizable, monitorable, accountable, and regulated financial system.

Portugal 2-1 Croatia: Ronaldo's 20-Year Knockout-Stage Drought Ends With a Debt Finally Collected

Portugal beat Croatia 2-1 in the 2026 global football championship's knockout rounds as Ronaldo scored his first-ever knockout-stage goal, Gonçalo Ramos struck a stoppage-time winner, and VAR ruled out a late equalizer for offside.

$10,000 in TRUMP Token vs. $10,000 in Nasdaq: The "Trump Trade" That Actually Worked in 2026

Morning Report | Vitalik outlines Ethereum's long-term roadmap, Lean Ethereum will become the third major iteration; SK Hynix seeks to attract more AI investors by listing in the U.S

July 5 Market Important Events Overview

The impact of OUSD on Circle, Tether, and Paxos: not a single negative factor, but a more complex reshaping of competition

OUSD will not be the last new competitor; Circle needs to respond more actively in terms of products, distribution, and ecosystem collaboration.

Li Feifei's latest long article: When video generation, robots, and NVIDIA all claim to be world models, we need a taxonomy

Language gives machines a way to talk about the world. The world model is the means by which machines ultimately understand, imagine, reason, and interact with it.

Blaming the desolation of the cryptocurrency world on the rise of AI is a form of intellectual laziness

The emergence of giants signifies a mature business model. Although it will reduce speculative space, there is also enough room for error, allowing for the continuous emergence of new forces.

Strategy Founder: The Next 10 Years of Bitcoin