# Burning Mechanism GBET Tokens provide utility to the GangstaBets by a unique burning mechanism. Burning refers to the process of destroying the GBET Tokens. The $GBETs can be burned to get the following utility: * [Changing the name of owned GangstaBets](/inside-gangstaverse/our-tokens/gbet-token/burning-mechanism/name-change.md) * [Upgrading skills](/inside-gangstaverse/our-tokens/gbet-token/burning-mechanism/upgrading-skills.md) * [Creating stories for your GangstaBet NFTs](/inside-gangstaverse/our-tokens/gbet-token/burning-mechanism/creating-stories.md) By Feb 2022, 22.2 million $GBET had been minted and 14.5 million $GBET had been burnt creating a net $GBET supply of 7.7 million. Almost 65% of the $GBET Token has been burnt in activities like upgrading skills & changing names with 13.7 million $GBET burnt in skill upgrades and 808K $GBET burnt in name changes. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.gangstaverse.co/inside-gangstaverse/our-tokens/gbet-token/burning-mechanism.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.