As Bitcoin is about to break the 100K mark and other altcoins rise in tandem, with the continuous evolution of AI and GameFi ecosystems, GMT has become one of the benchmark projects in this field. Its recently launched 'BURNGMT' burning plan attracts market attention again with an innovative locking voting mechanism. In this article, we will analyze the gameplay of GMT's locking and burning plan and its potential impact on the market, as well as explore the ecological layout and development logic behind GMT DAO.

Core Gameplay and Mechanism Analysis of the BURNGMT Burning Plan

Core Gameplay:


BURNGMT is a locking voting activity launched by GMT DAO. Through 60 days of user participation, the community will decide whether to burn 600 million GMT tokens. Users need to lock GMT to participate in voting, and as a reward, they will share up to 100 million GMT in rewards.

Key Mechanism:

  • Trigger Mechanism: These 600 million GMT come from the team's repurchase of unlocked tokens and will be donated to GMT DAO, where the community will decide their fate.

  • Voting Lock-in: Users need to lock their GMT at a specified address to participate in voting, and the locked tokens cannot be transferred until the event ends.

  • Return Rate: All voting participants will receive rewards based on the amount and duration of locked tokens, with expected daily dividends, providing better returns for long-term lock-in users.

Time Limited:
The event runs from November 21, 2024, to January 20, 2025, lasting a total of 60 days. Users must complete the locking operation within this time.

Market Impact of GMT Locking and Burning

Liquidity Tightening and Price Support:
The essence of the locking activity is to reduce the circulation of tokens in the market. If participation is high during the voting period, it is expected that hundreds of millions of GMT will temporarily exit market circulation, thereby alleviating supply pressure and helping to stabilize prices.

Burning Effect and Long-term Deflation:
If the community decides to burn 600 million GMT, the total supply of GMT will further decrease, achieving actual deflation, which will enhance the scarcity of the tokens and improve market expectations and value reserve functions.

Investor Confidence Enhanced:
The burning plan demonstrates GMT DAO's confidence in the long-term development of the ecosystem. Through community consensus and decentralized governance, it further bridges the connection between users and the project, enhancing overall trust.

Unlocking and Distribution of GMT

Unlocking and Distribution Status:
Currently, the circulation of GMT is approximately 73% of the total supply. With the expansion of the ecosystem and the advancement of plans, in the next six years, only 27% of the unlocked tokens will remain for Move2Earn and ecosystem funds. After reaching full circulation, its distribution will become more reasonable.

Consumption of the Burning Plan:
As of now, over 800 million GMT tokens have been burned. If an additional 600 million are burned this time, the scarcity of the remaining tokens will further intensify, laying a foundation for long-term value.

Ecological Layout Behind GMT DAO

Diverse Ecosystem and Global User Base:
GMT has deeply integrated into several core GameFi products, including STEPN and STEPN GO, which have over 6 million users. In addition, GMT is widely used in the cross-chain NFT market MOOAR and the DEX platform DOOAR, providing real usage scenarios and value support for the tokens.

Famous Partners Support:
Long-term collaborations between GMT and well-known companies such as Casio, ASICS, and Adidas inject more resources and traffic into its ecosystem while providing users with diverse application scenarios.

Innovative Product Promotion:
New products launched by GMT DAO, such as the strategic GameFi game Gas Hero and the mini-game Morchi, continuously expand its ecological boundaries, attracting more users and consolidating its market position.

How to Participate in the Burning Plan?

Locking Guide:

  • Step 1: Ensure you hold enough GMT tokens and follow the official account of GMT DAO on Binance Square.

  • Step 2: Lock tokens at the designated address for voting while sharing daily dividend rewards.

Community Interaction and Activities:
Participate in the GMT DAO essay activity, share unique perspectives, and engage actively to earn additional rewards:

  • Articles with over 2000 views have a chance to win 900 GMT.

  • Outstanding content with over 8000 views will share higher rewards.

Summary and Outlook

The BURNGMT burning plan is not only a community voting activity but also an important practice of GMT DAO in decentralized governance and ecological construction. By combining locking, burning, and reward mechanisms, GMT will further optimize its token economic model, enhance market confidence, and expand its ecological boundaries.

For users, the burning plan offers a great opportunity for participation; whether through locked voting or content creation, substantial rewards can be obtained. As the ecosystem further develops and token circulation optimizes, the long-term growth potential of GMT's value is worth looking forward to.