#BURNGMT
One of the most distinctive aspects of the GMT DAO Burn Initiative is its focus on token burn mechanisms. Token burning involves the deliberate destruction of a portion of the circulating supply of a token, effectively removing those tokens from circulation permanently. This strategy aims to create scarcity, potentially increasing the value of the remaining tokens over time. As the GMT token supply decreases, it can lead to an upward pressure on token price due to the basic economic principle of supply and demand. This mechanism incentivizes investors, traders, and holders to continue participating in the GMT ecosystem with the expectation that the value of their holdings will appreciate as the supply diminishes.
