#GMTBurnVote GMT Burn vote
The initiative launched by GMT DAO, through which GMT holders will be voting on the decision to burn up to 600 million GMT, which is equivalent to 100 million USD, assembling this as one of the most ambitious token burns in the web3 ecosystem.
The GMT Burn Initiative reflects the GMT DAO'S commitment to transparency, governance and sustainable token management.
How it works:
1: Lock And Vote
GMT holders can participate and they would be locking their tokens and then would be casting their votes on various proposals, including the first of it's kind " GMT Burn Initiative".
2: Earn Rewards
At the end of the 60-day voting period, as rewards to participants, contingent on achieving milestones, a total of 100 million GMT will be distributed.
3: On-Chain Transparency
Ensuring the integrity and transparency of each decision, the voting process is recorded on the Blockchain.
4: Regular Voting Cycles
This initiative is just the beginning, GMT DAO will be giving holders opportunities to shape the future of GMT.
The GMT Burn Initiative marks a new chapter in GMT'S journey, giving every
holder a voice.