GTech Network just delivered a hard number: 9 billion GTC tokens, burned for good, sent to the official BSC dead address. That single move cuts total supply from 10 billion to 1 billion GTC, and it answers part of the question the community keeps asking about the listing.
Anyone can verify this on BscScan using the official GTC contract address: 0xd1F6cc234b9B82E90AC277c9C2E3C7a91d17DAf9. The tokens went to the standard burn wallet (0x000000000000000000000000000000000000dEaD), permanently removed from circulation.
Current Supply Breakdown: 204 Million Circulating, 796 Million in Company Wallet to Be Burned
After the burn, the supply picture looks like this: total supply at 1 billion GTC, with approximately 204 million GTC held by over 6,200 users, and about 796 million still in the company wallet. The team confirmed that the remaining 796 million will be burned at the time of listing, meaning actual circulating supply could end up far smaller than 1 billion once trading starts.
But the launch date itself remains uncertain. The GTech Network presale end and TGE both closed on May 30, 2026, which was also the original launch target tied to Phase 4 of the roadmap. That date passed with no listing. A second window around June 15 also came and went without a launch. After a quiet stretch through late June, the team rolled out this major supply update instead of setting a new date. Based on the gap between the first two missed windows (roughly two weeks) and the scale of the burn, a next attempt in late Q3 2026 (August-September) fits the pace shown so far. That is a read based on the timeline given, not an official date.
Weak Market Conditions Cited as Main Reason for Delays
The team has pointed to weak market conditions — Bitcoin volatility and a low Fear & Greed Index — as the primary driver. A June 7 post framed the wait as protecting holders from a weak debut, comparing current GTC holders to early Bitcoin buyers who sat through rough patches.
That logic aligns with the burn: cutting supply from 10 billion to 1 billion, with more burns promised at listing, is the kind of move a project makes when trying to set up a stronger price floor before trading opens, not after.
Three Confirmed Exchange Partners, Vesting Schedule in Place
Three exchange partners are confirmed for a simultaneous launch: BingX, LBank, and Binance Alpha (via the Binance Web3 Wallet). GTC carries a 0% buy and sell tax on its contract, but it's not tradable yet on trackers like CoinGecko or any centralized exchange.
For mined tokens, the project set a vesting schedule: 40% unlocks at TGE or listing, another 40% after 6 months, and the final 20% after 10 months. That schedule is designed to prevent a flood of tokens hitting the market the moment trading opens, which generally leads to a price crash.
What's left for GTC holders is the listing date itself. Based on how the last two windows played out, the next real signal will likely come as a specific date announcement rather than another delay explanation.