Hey, fellow crypto-world friends! Today we are going to talk about the super hot GMT burning plan, which is a super interesting thing.
Let's talk about the GMT project first. It is a star that debuted on Binance Launchpad. Once it shines, it attracts countless attention. GMT tokens can be seen in many cool products. Just like the popular GameFi product STEPN and its brother STEPN GO, there are more than 6 million users playing happily in it. $GMT It is widely used in it, and 800 million pieces have been burned. It's like a small rocket fuel. The more you burn, the higher you may fly. And STEPN is super powerful. It has long-term cooperation with big brands such as Casio, ASICS sneakers, and Adidas sneakers. This is like putting on the coat of a fashion brand for GMT, which is cooler and more dazzling.
Looking at other places, on the cross-chain NFT market and launch platform MOOAR, GMT has become a little expert in trading NFTs, and can also play the magic of automatically generating NFTs with the help of artificial intelligence. In the cross-chain DEX DOOAR, it has become an important role in handling fees and trading pairs. There are also strategic GameFi's Gas Hero and the mini-game Morchi. GMT has also been traced. Even through FSL ID, it can also be used as a user registration tool in other GameFi, allowing users to earn GMT points. It would be strange if this user base is not huge!
Now the point is here. What is the GMT burning plan this time? It turns out that the GMT team is very bold and repurchased the GMTs that have not been unlocked by investors and consultants. A full 600 million were donated to GMT DAO. Then, BURNGMT made a shining debut. This is a super interesting voting event initiated by GMT DAO. From November 21, 2024 to January 20, 2025, these 60 days are our limited magic time. During this period, everyone can use the locked-in voting method to decide the fate of these 600 million GMTs, whether to let them disappear or keep them? And oh, as long as you participate in the voting, it’s like participating in a treasure sharing meeting. You can share 100 million GMTs as a reward. Isn’t this rate of return very tempting?
What is this voting lock mechanism like? In fact, everyone locks up their GMT, and these locked GMTs become like magic keys that can open the door to voting shares. During the lock period, they stay there obediently, waiting for the voting results. If the vote decides to burn them, the 600 million GMTs will be sent to the black hole address and destroyed as if they were cast a vanishing spell; if not, they will return to everyone after the lock ends.
What impact will this have on the market? Think about it, 600 million GMTs may be burned, and there are still a lot of GMTs locked, just like taking a lot of water out of the big pond of the market. With fewer GMTs on the market, it becomes more scarce, just like a precious gem, the value may rise. And this will also make people more confident in GMT and feel that it is more reliable, just like adding a solid shield to it.
How do ordinary users do it? It’s very simple. If you have GMT tokens on the Polygon chain, you can go to the BurnGMT voting platform during the voting period, follow the prompts to lock up your GMT, and then wait for the voting results and see how much reward you can get.
Let's talk about the unlocking and distribution of GMT coins. 800 million coins have been burned, which is a big number. As for the unlocked coins, most of them will be released slowly in the next six years, only 27% of move2earn and the ecological fund. The rest may be gradually reduced with this burning plan or previous consumption. The GMT team has a very strong background. They can create so many powerful products and cooperate with big brands. It's like there are a group of superheroes supporting the world of GMT.
Also, STEPN often organizes some super interesting community activities, such as the "Guinness World Records 1 hour & 24 hours, the largest number of people and 1 mile running challenge", which is like a grand party, where everyone has fun and can advertise GMT. Previously, there were three rounds of airdrops totaling 200 million GMT tokens, which was like pie in the sky, making users very happy.
In short, the GMT burning plan is like a wonderful drama, with each link closely linked. Whether it is the voting method, the impact on the market, or the support of the team and ecology behind it, GMT is full of infinite possibilities. Friends, can't wait to see the ending of this drama!
