GT GateToken is a cryptocurrency that was created by Gate.io, a cryptocurrency exchange platform. The purpose of GT GateToken is to provide users with a way to access various services on the Gate.io platform, such as trading fee discounts, participation in token sales, and access to VIP services. GT GateToken is an ERC-20 token, which means that it is built on the Ethereum blockchain. This allows for fast and secure transactions, as well as compatibility with other Ethereum-based tokens. GT GateToken has a total supply of 300 million tokens, with a circulating supply of around 200 million tokens.

One of the unique features of GT GateToken is its buyback and burn program. Gate.io uses 10% of its quarterly profits to buy back GT GateToken from the market and burn them, effectively reducing the total supply of tokens. This helps to increase the value of the remaining tokens, as there are fewer in circulation. Additionally, GT GateToken holders are eligible to receive a portion of the trading fees generated on the Gate.io platform, which provides an additional incentive to hold the token. Overall, GT GateToken provides a way for users to access various services on the Gate.io platform while also potentially benefiting from the token's value appreciation and fee-sharing program.