Today I saw the news about GT destruction again on my phone. This is the fourth time this year.

In nearly 8 years since entering the industry, I have seen most platform tokens. During bull markets, they talk about ecosystems; during bear markets, there’s no follow-up.

I checked the data, and GT has been burned over 60% since 2019. It’s not just a couple of showy burns; regardless of market conditions, it burns according to the rules.
Just last quarter, over 2 million tokens were directly sent to the black hole on-chain. The money is real.

Unlike BNB’s approach of "growing the ecosystem and benefiting from scale," GT is more like taking the slow route of financial attributes + continuous deflation.

GT has burned over 1.9 billion USD in total. Burning also helps to push up the price of the remaining tokens, making the market more stable.
But in this industry, there are not many projects that can survive several cycles and continue to follow the rules.

GT’s price has risen from $4 in 2024 to $10 now, which is quite impressive. Whether as a financial product or an investment, I think it’s worth paying some attention to.