Recently, the GMT team did something big, buying back all the GMT held by all investors and advisors, handing it over to GMT DAO. The meaning is clear – the future of GMT depends entirely on our community! The door to voting has been opened, you lock coins, I reward, let’s decide together if we want to go big and burn GMT vigorously!

How to play? Even beginners can understand it in seconds!

1. Voting time

From November 21, 2024, to January 20, 2025, for 60 days, you can lock GMT for voting at any time.

2. What to do with voting

Decide how to handle these 600 million GMT! There are several goals:

  • Locking 100m GMT → Burning 60m GMT

  • Locking 500m GMT → Burning 230m GMT

  • Locking 900m GMT → Burning 600m GMT

The more you burn, the less circulation in the market, and everyone's tokens might be worth more!

Locking coins can still earn rewards, guaranteed profit?

  • Locking coins gives you an NFT: The locked GMT will give you a super cool 'Make GMT Great Again' NFT, which is a symbol of identity!

  • Reward pool distribution: DAO allocates 100 million GMT, distributed based on your coin locking ratio. The more you lock, the more you get! Rewards will be distributed after January 20, 2025.

Let's do a little math:
For example, if the total locked amount is 168 million GMT, and you locked 10,000 GMT, then you can get (10,000 / 168,305,403.46) × 100 million GMT from the reward pool, super cost-effective, right?

What is the use of locking and burning?

  • Reduce circulation: The more coins are locked, the fewer coins are in the market, which may increase value.

  • Burning to assist: If the community decides to burn a lot, then the supply will be directly reduced, changing the supply-demand relationship, and prices might go up!

Suitable participants

If you are optimistic about GMT in the long run, locking coins is supporting its development while also earning rewards, how nice!

Tips

  • The earlier you lock, the longer the reward time, and the higher the returns!

  • Don't lock all your coins; keep some liquid funds to respond to market changes.

  • Keep an eye on voting proposals, understand what the community is doing, and ensure maximum benefits.

Simple summary

This GMT DAO event is to let the community lead the future of the tokens, and also to encourage participation through a reward mechanism. Lock coins, vote, get rewards; your small step could be a big step for GMT!

Quickly connect your wallet, lock some GMT, and let's 'Make GMT Great Again' together! #GMT投票燃烧计划 $GMT