The @GMT DAO has launched the BURNGMT Initiative, a 60-day voting event from November 21, 2024, to January 20, 2025, allowing users to vote on burning 600 million $GMT tokens. These tokens, repurchased for $100 million, come from the early allocations of advisors, teams, and investors that had not yet been unlocked.
Why Join the #BURNGMT Initiative?
Support the Development Team: This initiative highlights GMT's confidence and commitment to the future of its ecosystem.
Create Long-Term Value: Burning 600 million tokens will significantly affect the token’s supply and increase its value over time.
GMT Ecosystem and Strategic Partners: GMT, launched via Binance Launchpad, plays a key role in a growing ecosystem:
STEPN: A Move-to-Earn app with over 6 million users.
MOOAR: A platform for trading NFTs.
DOOAR: A cross-chain decentralized exchange (DEX). GMT also has strategic partnerships with major brands such as Casio, ASICS, and Adidas, enhancing its global presence.
Voting and Burn Process:
60-Day Locked Voting: Tokens are locked throughout the voting period to ensure fairness.
100 Million GMT Reward Pool: Participants can earn rewards from a 100 million GMT token pool.
Impact of Burning 600 Million Tokens:
Token Distribution: Removing 600 million GMT will shift the token distribution, potentially raising the value of remaining tokens.
Long-Term Effects: Burning tokens from early advisor, team, and investor allocations boosts investor confidence and ecosystem stability.
How to Participate:
1. Visit the official GMT DAO website: https://gmtdao.com/.
2. Log in and cast your vote on the fate of 600 million GMT tokens.
3. Share the event and invite others to increase your chances of earning rewards from the 100 million GMT pool.
The 600M GMT Buyback and BURNGMT Initiative is an important moment for the GMT community to shape the future of the ecosystem, strengthening its long-term potential and value. Join today and help drive the growth of GMT!
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