#BURNGMT
๐ 600M GMT Buyback & BURNGMT Initiative: A Testament to Team Confidence and Strength ๐
The GMT ecosystem is making waves with its BURNGMT Initiative, an ambitious voting mechanism that showcases the team's confidence in their project and its long-term vision. Here's everything you need to know about why this initiative is game-changing and how you can be part of it! ๐
๐ฅ Why Participate in the BURNGMT Initiative? ๐ฅ
This unique event involves the burning of 600 million GMT tokens, repurchased for a whopping $100 million. These tokens include unlocked allocations from early advisors, team members, and investorsโproof of GMTโs dedication to community empowerment and sustainable growth.
By participating, you:
Contribute to token scarcity, potentially driving value. ๐
Share in the 100M GMT reward pool as a participant. ๐ฐ
Be part of a milestone moment in GMTโs history. ๐
๐ How the Voting Burn Mechanism Works
1. Token Locking Period: From Nov 21, 2024, to Jan 20, 2025, the 600M GMT tokens are locked in GMT DAO. ๐
2. Community Voting: Participants vote on whether to burn these tokens. ๐ณ
3. Reward Pool: A 100M GMT reward pool is distributed among voters, incentivizing engagement and participation. ๐
This process ensures transparency, inclusivity, and rewards, reinforcing GMTโs community-first approach.
๐ Introduction to GMT Ecosystem Products and Partners
GMT has built a robust ecosystem, supporting innovative platforms like:
STEPN: A lifestyle app with over 6 million users worldwide. ๐
STEPN GO: Enhancing user experiences with gamified features. ๐ฎ
MOOAR: A thriving NFT trading platform. ๐จ
DOOAR: A cross-chain DEX offering seamless transactions. ๐
Collaborations with iconic brands such as Casio, ASICS, and Adidas amplify GMT's global reach and credibility. ๐โจ